Compensation Question
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[{"id": "dwupyzi", "text": "Do you want to stay an analyst or become a broker?", "replies": [{"id": "dwusrwe", "text": "There's a transition plan in place, we're currently looking for two analysts to hire to replace me when I move to broker role. However I feel that's irrelevant for this discussion because this is a discussion of my previous year's accomplishments and compensation based on my skill at my current position. A discussion for compensation for when I'm a broker is only necessary when that transition happens. ", "replies": [{"id": "dwvekkf", "text": "Well compensation for a previous year would usually be worked out in advance, rather than after the fact.\n\nIn general there are two ways to get paid as an analyst. An hourly/salary amount, or a percentage of the commission from the deals you worked on. In general, the compensation is potentially greater for variable income because you are taking on more risk than a salaried position that is paid regularly, regardless of how many deals got done.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dwusmr5", "text": "If I were you, I'd ask for a modest base - whatever you can get by on - then focus on the most you squeeze out of them on % of fees. This aligns everyone properly. Low overhead for them in terms of base salary, but you get to participate in the upside. You ride or die with the success of the team. Just how much in % of fees is a little bit art a little bit of science. You have to judge how much you bring to the table in terms of value, and if that is worth x% of the fees to them. Are you offloading the more menial, grunt work from them, allowing them to chase more business and thus generate more fees? How many brokers do you support? Do you have an idea of what they do in fee volume per year? Is this investment sales?", "replies": [{"id": "dwusvch", "text": "My current compensation is transaction bonus (flat $$$ not %) based on whenever a deal I work on closes + salary. I would rather keep that consistent and ask for a hefty salary increase for when we have the drought of non deal closings. This is investment sales. ", "replies": [], "depth": 2}], "depth": 1}, {"id": "dwv4k1i", "text": "What is your Current comp breakdown (in $)? My gut feeling is that all in comp would be around 65k with 2 years experience. The best resourve though would be for you to call a headhunter and get their thoughts. ", "replies": [{"id": "dwv4rl9", "text": "$55k base, bonuses obviously depend on how many deals close which is between 10 - 17/year. So all in I'm making $65k - $70k. I have reached out to multiple headhunters and the numbers I've been quoted are much higher ($75k - $85k all in). Just wanted to ask Reddit and get some opinions from other people.", "replies": [{"id": "dwv6e7v", "text": "Sounds like your comp level isn\u2019t too far off then maybe down by $5k", "replies": [{"id": "dwv71r9", "text": "More like $10-$15", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]