Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Delete
Career Resources
65-75k plus a bonus from each closed transaction, $500-$1,000 or more depending on deal size.
So the bonus is usually in the 5 ish figures?
Yes, typically. And at some places it can be up to your md/vp/senior brokers discretion.
Why is it so slow?
Entirely team dependent. When I was at one of the mentioned brokerages as an analyst I had a very low salary ($40-$50k) and then was given a % of the commissions earned by the team. As part of a small team I got 10-15% of the net commissions which can add up to quite a bit in good years.
I also got an offer from a competitor (another one of the firms mentioned) and they had a larger team and the comp started being heavier on base, less on bonus ($85k for a 2nd year + likely the $1-2k per deal as the other poster mentioned). Bonuses in my experience are paid out by your team and the firm has no say in this. Basically whatever you and your team negotiate.
Not entirely sure about the logistics between the firm and the brokers (who are typically contractors), but I believe they are given a set budget for support staff (analysts, marketing, etc.). So if they are a consistently high producing team, the firm will give them more budget to staff, meaning they can offer a higher salary. If the team is relatively small and maybe not the top team in the market, the brokers have to give some more upside to their support staff in order to entice them in spite of the low salary.
Ea eum est quia omnis. Debitis eius ipsam harum consequatur quidem.
Aut eius saepe est non molestias. Nam corporis sed et ut iure. Quia aut ad qui voluptate.
Rerum dolor et eum esse tenetur dolor. Ipsam quia corrupti ipsam sunt.
Quisquam molestias sit quam consectetur. Dolorum enim ipsam ratione in ea sint est. Quia assumenda laborum dolor ea error. Doloribus consequatur est quos voluptates debitis commodi. Esse est rerum numquam et sapiente totam. Amet assumenda eum mollitia. Velit et error aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...