A friend of mine recently had an interview with a firm in their investment banking division that does about 10 deals a year,private placements,pipes(private investment in public equities),and some debt offerings on a proprietary and syndicated basis.The commission is 6-8% on each deal with a 50% commission payout to the broker,so 3-4% of the dollar amount raised would go to the broker.Also,warrants for each deal would go to the broker based on how many shares he sells,about 1 share for every 20 shares sold.They target accredited investors and institutions.The job offers no salary,just commission.Has anyone worked in this type of sales environment or know anything about the potential of this?
