Investment Banking fee split to Sales & Trading

Question to all my fellow masters of the universe:

We all know that primaries are salary/bonus, but for the regionals/dealers that have a 100% commission sales/traders, and salary/bonus investment bankers..here we go:

Investment Bankers have a transaction that is closed by a sales person. What is the split?

Historically, I've seen 50/50% then once it's allocated to the desk it's paid out according to the sales person's pay grid/cut. I've also seen 60/40.

Is there a norm?

Also, @ what percent cut is one side getting hosed?

1 Comments
 

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