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Hi! I just accepted a Relationship Banker II role in Allen, TX. My offer letter was 50k base and 1k guaranteed commission a month first year. I just graduated w a degree in Business Administration. Basically the info I got on how commission works was pretty vague. Anyway I wanted to see what someone I’m their 1st or 2nd year can realistically expect to on average make in commission a year in this role. Also what do bonuses in the role look like? I’m hoping to just hear some ballpark numbers! JPMorgan Chase JPMorgan Chase
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There are, but they’re typically PE firms that invest in mid-sized agencies to help them grow through M&A. I own a small 10-person shop and I hear from a couple of those funds every week.
Is that what you’re looking for? Or for funds that provide growth capital to specific companies Sand Hill Rd style?
If it’s the latter, I don’t think I’ve ever encountered that kind of funding opportunity outside of SBLs. Agencies are notoriously tough to scale (at least without adding margin-eating headcount overhead), so even a really successful one with diversified retainer clients and established systems will get a multiple like, say, 3x on the high side.
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