$30,000 base for an IB analyst?

I came across this now-deleted job posting the other day from ThinkEquity, a boutique bank in NYC for an equity capital markets job posting. They are advertising a BASE salary of $30,000. Base! I interviewed at this bank for an S&T job a year ago and they advertised the same base, but the rest of the salary for that role was commission.

From the job posting since I cant upload pictures M&A Investment Banking Analyst - Equity Capital Markets

Compensation Starting salary of $30,000 plus bonuses. Expected first year income range $50,000 - $125,000.

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