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In my experience, the key to successful business brokerage, especially for small businesses, lies in personalized and nuanced support Think mad men if anything. Did a business broker/ lmm internship this school year as a freshman
Definitely a good opportunity because you learn about the deal process and get the basic modeling experience. Office brokers are by far the most common and personify the stereotype, if there is one, of a commercial real estate broker The majority of brokers work for a brokerage business and deal with a variety of individual and institutional clients
Brokers are frequently compensated on a commission basis, however, this varies by job
Commercial insurance brokers negotiate policies, using expertise for better decisions, time, and cost savings Brokers match business needs with policy options, ensuring suitable coverage Brokers assess risks and aid recovery from disruptions Commercial insurance protects from disasters, employee harm, and.
I would class those type of firms more like business brokers than investment banks, but an example would be you're trying to execute a rollup strategy in an industry so you hire these guys to source 100+ prospect acquisitions in the space Then the pe firm runs the process and pays a fee to the broker on any deals they sourced that closed. Their job is to bring in business and place a loan with the best terms publicly available. As a result, jobs as a whole are becoming scarcer in the industry
Currently, it seems like the reinsurance brokers have been in a flurry to compete for talent, so reinsurance brokers' salaries are being bid up currently
The big 3 brokers (aon, guy carpenter, and willis) are poaching each others' employees left and right.
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