Investment Banking Interview Questions | Careers | Jobs
*
"Discover The Secrets To Nailing Your
Investment Banking Interviews, And
Land Job Offers From Investment
Banks Paying You $75,000 Plus
Bonuses, Right Out Of College"
If You Want To Learn How To Answer The
Toughest Investment Banking Interview
Questions In 2008/09, This Will Be The
Most Important Letter You Ever Read...
From: Brett Riley
Wednesday, 10.12am
Dear Friend,
If you're like most college students trying to get your foot in the
door in one of the most lucrative and prestigious careers around -
investment banking - you're _struggling_ to find a way to convert
those hard earned job interviews into...
FULL-TIME JOB OFFERS AND INTERNSHIPS!
I mean, let's face it. Investment banking interviews are the most
stressful, rigorous, and some would say intimidating interviews out
there, period.
It's safe to say that there is absolutely no point sending
painstakingly written resumes and online applications...then having to
pass numerical, verbal and reasoning tests...if you stumble at the
last and most important part...
_The dreaded investment banking interviews._
Test: Let's See If You Can Answer
These Common Questions NOW
These interview questions are fired at you now in quick succession
by two bankers sitting opposite you. Are you capable of answering them
on-cue, RIGHT NOW?
* "How would you calculate the value of a bond?"
* "What stocks do you follow?"
* "Do you play golf?"
* "What's the best idea you've had and how will you top it?"
* "What is put-call parity?"
* "Ever found a innovative solution to a complex problem?"
* "Without using paper, what is 17 x 8.5?"
IF YOU CAN'T ANSWER THESE NOW, YOUR CHANCES ARE SLIM.
These are only a _few_ of the 80+ questions you could get asked at
your investment banking interview...and YOU ONLY GET ONE CHANCE TO
MAKE YOUR IMPRESSION ON THESE BUSY PEOPLE!
Did you know that you don't need overcomplicated theories that take
countless hours to learn before you know how to answer investment
banking technical questions...
You just need some structure and a cheat sheet?
Unfortunately, you may be one of those candidates who was convinced
you nailed the interview and got the job...only to have got that
devastating call and been REJECTED, AFTER ALL THAT HARD WORK.
To be quite frank, A SHOCKING PERCENTAGE of the positions at
investment banks are now being filled by people with inside contacts
within investment banking, so you have to be amongst the very best to
get in through the regular process.
But what really makes me wonder is the DEEP NERVOUSNESS AND ANXIETY
that intelligent, qualified _just like you_ go through before their
investment banking interviews! After some thought, I realized that it
comes down to UNCERTAINTY...
One, the uncertainty about what the interviewer is going to ask.
Two, the uncertainty of how to answer the questions _right_ so that
you get offered the job!
I've found that the majority of college graduates lack confidence in
corporate interviews, and from a recent survey, 84% WERE UNSURE of how
to prepare for an interview at an investment bank.
You don't know me yet, I realize, but I'd hate to think that you
were WASTING YOUR TIME piecing little bits of information together
from the Internet, your friends and your careers advisor...maybe even
spending hundreds or thousands of dollars on interview coaching...only
to be stressed out and unprepared the night before the big interview,
because you realized (too late) that your approach was MASSIVELY
flawed from the beginning.
That's why I created this webpage, and put together unmissable
information that will help you nail your interview at any investment
bank and secure job offers with your dream firms...guaranteed.
The Investment Banking industry is dominated by such world-class
financial instituations as the ones below.
Can you take a moment to imagine what kind of an impact an
investment banking career with one of these forms could have on your
life...financially and personally?
* GOLDMAN SACHS
* MERRILL LYNCH
* MORGAN STANLEY
* JPMORGAN CHASE
* LEHMAN BROTHERS,
* CITIGROUP,
* CREDIT SUISSE,
* BANC OF AMERICA SECURITIES,
* NOMURA HOLDINGS
* UBS INVESTMENT BANK
* DEUTSCHE BANK
* ABN AMRO,
* BARCLAYS CAPITAL
* AND MANY MORE...
On That Note, Sign-Up Here To
Get Your FREE Investment Banking
Interview 7-Day Preparation Guide
(A $69.95 Value, Yours Free)
Got an investment banking interview coming up?
DON'T WORRY ABOUT IT. I've prepared a 7 day investment banking
interview preparation course for you. Every day I'll send you a short
e-mail telling you how to prepare and what to do that day.
I'll guide your preparation for 7 days all the way to your
interview!
Just enter your first name and e-mail address in the form below
and you'll receive an email from "Brett Riley" - Just click the
confirmation link and I'll send you your 7 day mini-course.
First Name:
E-Mail:
I HATE spam. Your e-mail address will
remain 100% private. Guaranteed.
How I Got FIVE Investment Banking
Job Offers In Less Than 3 Months...
...And Why I'm The Guy To Help YOU!
I know you may have some concerns...
After all...who am I to be giving YOU advice about your investment
banking interviews? And, more importantly, how can you trust what I'm
telling you?
These are important questions.
My name is Brett Riley, and when it comes to the stress of
investment banking interviews, I know exactly how you feel. Believe
me, I've been there myself!
_My first interview was a total disaster! _
Now I realize it, I was only very slightly prepared...I sweated, I
somehow stumbled through the technical questions, and sat through
those awkward silences where the interviewers just stared at me...talk
about intense pressure!
Worst of all, THE ANSWERS THAT I DID GIVE WERE JUST NOT CONVINCING
ENOUGH to display that I was the right guy for them. Needless to say,
I didn't get the job and was completely confused!
Here I was, thinking I was a smart guy, with good grades...outgoing,
confident, with great extracurricular activities and knowledge of the
financial world...I knew I was the right person for the job! But on
the last hurdle, I stumbled and fell.
So I sat down and thought about why I hadn't performed at interview
and only one thought kept coming up...
"THERE IS NO SUBSTITUTE FOR PREPARATION."
I spent _weeks_ talking to banking professionals, recruitment
specialists, read books on finance, asked people about their
experiences with investment banking interviews...
And finally produced something that I knew would prepare me for my
next interview with an investment bank.
I tried using this information...and let's just say that my
interview went like a dream... I came prepared, answered the questions
with structure, accuracy and confidence, developed a rapport with the
interviewer in the process and for invited for a final round
interview! Again, I prepared and read books, talked to the right
people and found the right information.
My final round at the firm was tough, but I ENDED UP GETTING A
FULL-TIME OFFER! I was ecstatic, excited, but most of all RELIEVED,
because I had security for when I left college.
I then went for an interview at another investment bank...the system
I had prepared worked, and I got the job...again! I was sure that it
was a fluke and I tested it out on a third firm, and guess what...I
landed an offer with them too!
By the 5th JOB OFFER I received, I knew I had something very
powerful and valuable in my hands and thought to myself, "There's a
secret to this..." The interviews were actually getting easier!
I found myself coming from a place where I had been rejected first
time from an investment bank, ending up in a position of power, with
FIVE real job offers in my hands. I actually got to sit back and
choose the firm that I wanted to go to!
Obviously, my roommate at the time came to me for help because he
was looking for a job in investment banking too. I gave him the same
GOLDMINE OF INFORMATION that I had spent literally weeks preparing...
And I don't have to tell you (but I will!) that he is now working at
a top investment bank, earning more than $85,000.
After helping him, it made me think that if we both needed
this...many, many hard-working college students and graduates around
the world needed this key information to SECURE THEIR INVESTMENT
BANKING CAREERS NOW.
Here's what some people are saying about this page:
He Got A Position At
His #1 Choice Firm...
"I got offered a position at GOLDMAN SACHS for equity trading...your
materials played a big part in me getting that position. I was so
overwhelmed at one point before the interview, but I remembered what
you mentioned about structure and clarity and my answers came off
really well. Thank you."
C.A., VA
With Her New Information,
She's Excited To Take On Her
7+ Interviews Coming Up...
"It's nice to get to an investment banking interview and really not
stress. There are so many claims in your ads, I was actually amazed to
find you lived up to every one of them in your book. Thanks, I'm ready
for all my other interviews!! I'll pass the word on to my friends (but
not too many of them!) Bye!"
K.J.M., MI
He Surprised Himself With
His Investment Banking
Interview Success...
"...when I read section 4, I didn't think that I would get asked
those questions but they pulled out 3 out of 12 questions from that
section! I couldn't believe they wanted that kind of information! I
would have been totally stuck on those if I hadn't read the book
before the interview - thanks for the heads-up."
A.L., TX
He Got An Internship With A
Top European Investment Bank...
"At first I have to admit that I was skeptical about ordering your
book. After my first interview, I realized that the first section
alone paid for the book hundreds of times over because I got my
internship at DEUTSCHE! By the way I used your entire answer that you
gave for the negotiation question. Thanks for that"
C.S., LONDON, UK
She's Set To Make Over
$60,000 In Her First Year Alone!
"...it was very weird when I walked into the interview and he
actually started doing EXACTLY what you said he would. It was an
exhilarating feeling to finally have the 'edge' on the interviewer. I
knew exactly what he was setting me up for and how to beat him at his
own game lol...by the way, I got an offer at CITIGROUP! (see how I
left that to the end!)"
J.S., NY
He Came Back From Devastating Rejections To Put Himself Amongst
The Top Competitors...
"Brett, I had been rejected from Merrill Lynch, Goldmans and Morgan
Stanley after my first interviews, so I needed HELP! I got on the net
and I am so lucky that I stumbled across this site a couple of weeks
ago. Cut a long story short, my last interview went great and I've got
a few more - and I know I'm going to kill those! Keep up the good work
IBInterviews. Thanks again!"
M.O., NJ
"The Insider Secrets To Investment
Banking Interview Success"
80+ Killer Answers To The _Toughest _
Investment Banking Interview Questions
No Rambling Theory - just word-for-word answers that you can use
NOW!
Save Valuable Time Researching - stop surfing the Net looking for
help...we've literally packed all the information you need for your
investment banking interview in one place!
Perfect For Last Minute Preparation - ready for you to use
instantly!
Impress Your Interviewer - with detailed knowledge of the
financial markets
Answers To Technical Banking Questions - that you WILL get asked,
guaranteed
Answers To The Fit Or Competency Questions - show the interviewer
why you are the right person for the firm
Get Rock-Solid, Unshakeable Confidence - so you can let your real
personality shine through at interview and spend more time developing
a rapport with the interviewer
Undergraduates and Interns - focused at YOU!
80+ REAL Questions From REAL Investment Banks...And The Answers To
Them! - almost impossible to find on the Net, which means no more
guessing what you'll be asked and what to say!
Quick Example Of A "Fit" Question he only had to be reminded of why
the goal, and why working with our team with his specific expertise,
motivated him. He was quickly back on track achieving A, B and C, and
ended up a great person to work with. I was proud to have him on our
team."
Quick Example Of A Technical Question
HERE'S WHAT I WOULD SAY WHEN ASKED A QUESTION LIKE "WHAT IS BETA?":
"Well, beta is a measure of the sensitivity of a security's return
in relation to the market. If a stock has a beta of more than 1, it
means that it is more volatile, or "swings more" than the market. And
if a stock has a beta of 1, it is as risky as the market. If the beta
is less than 1, the stock moves less than the market. But if a stock
with a higer beta and therefore a higher risk would also indicate a
higher return and vice versa. Basically, a stable blue-chip would have
a beta of close to 1, where a volatile bio-tech firm would probably
have a beta of more than 1."
Our surveys have shown that 81% of all investment banking candidates
who are rejected at interview level fail because of a lack of
preparation.
Only 1% Of The 100,000 Candidates In ANY Intake
Year Are Offered Jobs... Which Is Why I'm Confident That YOU Will
Place Yourself Amongst That 1%, Because I'm About To Reveal
EVERYTHING...
How to answer questions on stock and company valuation
The effect of key economic indicators on the stock market
The right thing to say when asked how to value different
derivatives
How to find quality stocks and industries to talk about at your
interview
How to politely and professionally defend yourself when challenged
by a tough investment banking interviewer
Important accounting terms which you MUST know before even
stepping into an investment banking interview
Discover how to quickly calculate tough math questions in your
head
What to say when asked about mergers and acquisitions
The factor that most interviewing experts say is THE most
important in approaching banking technical questions
Specific questions that the interviewer will ask you about the
firm...you have to know this stuff!
The impact of recent global conflicts on the world economy
How to answer tricky questions about time management
The quantitative formulas that every investment banking candidate
should know like the back of their hand!
How to show that you can handle excessive pressure...a MUST for
investment bankers
Discover how to answer the dreaded "high stress" questions that
investment banking interviews are most well-known for
How to display that you can work long hours in the fast-paced
environment of an investment bank
How to communicate effectively with your investment banking
interviewer
An insight into how bankers will try to trick you in an interview
How not to get lured into a string of questions that will actually
DAMAGE your application
Discover how to demonstrate your negotiation skills...even if
you've never had any kind of exposure to the business world!
How to demonstrate your team-building skills
What to say when faced with questions about your failures...this
is an absolute essential!
Learn exact key phrases that you can outright STEAL from me and
quote that will wow your interviewer...guaranteed!
The information that you MUST know about the bank you're
interviewing at...exactly what to look for and exactly where to find
it on the Web, so you can be ready to go in record time!
How to tailor your answers to the specific bank and division you
are interviewing for...by far the most important factor that can make
a difference between a roaring success and a crippling rejection
e-mail!
"These Are FULL, SCRIPTED ANSWERS...
Grammatically Perfect -) !
Investment banking is the most lucrative, exciting, fast-moving and
prestigious career out there - Lifetime earnings can go into the
millions of dollars, bonuses can be more than 100% of salaries! Give
yourself the advantage of getting into this industry.
But just as important, you'll have the satisfaction of knowing that
you can walk into any investment banking interview and ace it...I know
it sounds crazy, but it's even kind of fun once you master it...
you'll get an offer and then go for MULTIPLE OFFERS!
Once you're in the investment bank, sky's the limit. But for now, be
concerned with ARMING yourself with the key information you need to
get that investment banking job now!
We have already done ALL the work for you... found the questions,
written the best responses to those questions, revealed the secrets
and strategies that if used correctly, will get you the dream job of a
lifetime.
All you have to do is decide whether you are going to take advantage
of this one-time opportunity to get your future investment banking
career secured for good.
You're going to be the one who walks in cool, calm and collected.
You're going to be the one who knows exactly what's going to happen
and when. You're going to be the one who knows what to say and exactly
when to say it...
And YOU are going to have the advantage over the thousands of
applicants competing with you to get into this industry... but who
were lazy and didn't get advice from an expert.
"The Most Complete Investment Banking Interview System You'll
Find...Anywhere"
And The Best Part Is...
_You Can Download It Directly To Your Desktop Today!_
Unlike most interview books you find online these days,
"IBInterviews: 80+ Answers To The Toughest Investment Banking
Interview Questions" contains the EXACT INFORMATION YOU NEED to nail
your investment banking interviews including:
OVER 80 SPECIFIC QUESTIONS that have been asked at REAL investment
banking interviews, with questions added by IBInterviews.com staff and
previous customers... so you can benefit from other people's
experiences.
MODEL ANSWERS AND TIPS on how to answer every single one of these
questions.
5 SECTIONS - Fit/competency questions and answers, economy-directed
questions and answers, quantitative and technical questions and
answers and firm-specific questions and answers.
QUESTIONS ADDED BY BOTH IBINTERVIEWS.COM STAFF AND PREVIOUS
CUSTOMERS...so you can learn exactly what the investment banks are
asking right now!
DETAILS OF FREE WEBSITES you can visit to obtain crucial financial
facts and figures that you WILL need for every investment banking
interview you have.
...And that's just for starters!
"I Just Have One Confession To Make..."
*** Warning: It's Important You Know This! ***
I think you'll agree, I've shown you UNDENIABLE, UNSHAKEABLE PROOF
OF THE RESULTS YOU MIGHT EXPECT TO ACHIEVE, if YOU were to use our
SYSTEM to master your investment banking interviews.
And I've introduced you to a significant number of 'REGULAR' PEOPLE
who are already using our SYSTEM to skyrocket their knowledge of the
investment banking interview arena...
...Almost none of these "success stories" were people with the very
best grades, outstanding extra-curricular activities, tons of
financial work experience or technical backgrounds.
Over 90% of them were 'REGULAR' COLLEGE STUDENTS who simply followed
our step-by-step SYSTEM to learn how to do extremely well in their
investment banking interviews, with the end result of job offers at
some of the most prestigious firms in the world.
But here's what I need to confess:
The fact is, I could say that you'll own the *same* insider
strategies that we've shared with all the success stories you've read
about here.
BUT THIS WOULDN'T ACTUALLY BE TRUE...
Our *newest* questions, answers and insider secrets are actually FAR
MORE POWERFUL. And they've all been carefully documented and packed
into Version 2007 of our _"IBINTERVIEWS: 80+ KILLER ANSWERS TO THE
TOUGHEST INVESTMENT BANKING INTERVIEW QUESTIONS"_ -- which I've JUST
RELEASED to the general public, for the first time EVER!
FIVE Super Bonuses (Valued At $140.00)
Yours FREE To Keep, No Matter WHAT!
If you're excited about the 80+ questions, model answers and killer
new information that you'll receive in the JUST RELEASED -- Version
2007 of our _"IBInterviews: 80+ Killer Answers To The Toughest
Investment Banking Interview Questions"_ system...
...Then I think you're going to be astonished by what I'm going to
do next.
I want to be sure that you have every tool, technique, and tip that
you could possibly need to guarantee your success -- so I've agreed to
give away a BONUS TOOLBOX OF FIVE SUPER BONUSES -- _absolutely free:_
Super Bonus #1
"18 Killer Questions To Ask The
Investment Banking Interviewer"
(a $27 value - yours )
Did you know that in a recent survey of interviewers, one of the
largest factors that COMPLETELY DISQUALIFIED a candidate was the fact
that they did not ask intelligent questions at the end of the
interview?
Take it from me; not asking questions at all makes you look like
you're (a) not interested, or (b) not knowledgable at all.
If you think that asking a question like "Can you tell me more about
what this role involves?" will set you apart from the other 99% of
candidates interviewing that day, you are WRONG!
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Not only that, but this is a chance for you to find out more about
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Never be in a tight spot again with this report we've prepared for
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Let me ask you a question - have you ever been invited to an
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ABSOLUTELY NO IDEA WHERE TO START?
Have you ever been stressed out before an interview because you know
you've got to prepare NOW, but you have other pressing things to do
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* Make the best use of your time - we've compiled a day-by-day
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* The one thing you can do to put yourself head and shoulders above
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That's why they bring you back for second round interviews, final
round interviews and assessment days...
These are FULL days that test your abilities with presentations,
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entire time by selectors.
With IBInterviews.com's _"How To Succeed At Investment Banking
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* What to do in the first minute of a group exercise to immediately
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* How to prepare a professional presentation under difficult time
pressure
* The first and most efficient thing to do when working on a timed
case study
* What to do and what not to do at corporate social events
* The one thing that all interviewers are looking for in a
presentation and how to easily incorporate it into any presentation
you are asked to do...
* How to master an 'in-tray' or 'e-tray' exercise.
This special report will show you EXACTLY what to do (and what not
to do!) at investment banking assessment days - quick tips that if you
remeber, will get you a coveted investment banking career.
Super Bonus #4
"Power Dressing everything from the handshake, eye contact and
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Put all the odds in your favor with this Special Report for 2007 we
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Investment Banking Interview"
(a $27 value - yours )
Have you ever been desperately OVERWHELMED on the way to an
investment banking interview? You sit on the train, desperately
scanning through your resume, your application papers and the bank's
prospectus before the big interview...
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that you won't CHOKE at your interview?
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arena.
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With IBInterviews.com's _"The Last Minute Document To Take With You
To Your Investment Banking Interview"_ - you will have:
* The perfect information to be reading on the train, in a plane, or
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you're waiting for the interviewer to call you in!
* A printable preparation form that you can "fill-in" within 15-20
minutes ready for the morning of your interview.
* This is ALL YOU, and can be completely personalized to your
skills, abilities and experience...
* One of the things I would say was instrumental in me getting
offered 5 investment banking job offers in less than 3 months.
Try this simple "fill-in" form once and you'll never go back! JUST
SIT BACK, FLICK ON YOUR IPOD AND GO OVER THESE FEW DYNAMITE PAGES
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While others frantically shuffle papers and make themselves ILL with
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"This Goldmine Of Specialist
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Here's the best news of all, Friend! You made it here just in time
to take advantage of an UNPRECEDENTED OFFER (but please don't contact
my existing customers about this)...
First, let me tell you what you'll be earning when you get an
investment banking job:
2008/09 Investment Banking
Salaries - Including Bonuses
POSITION BULGE BRACKET BANK
REGIONAL BANK
FIRST YEAR ANALYST*
$60,000 - $100,000
$30,000 - $75,000
SECOND YEAR ANALYST*
$75,000 - $200,000
$75,000 - $150,000
FIRST YEAR ASSOCIATE+
$120,000 - $240,000
$75,000 - $150,000
THIRD YEAR ASSOCIATE+
$150,000 - $500,000
$125,000 - $250,000
ASSISTANT VP
$200,000 - $750,000
$150,000 - $300,000
VICE PRESIDENT
$250,000 - $900,000
$200,000 - $450,000
DIRECTOR
$450,000 - $1.5m
$300,000 - $750,000
MD / PARTNER
$500,000 - $25m
$400,000+
HEAD OF DEPARTMENT
$1m - $75m
$500,000+
* Bachelor's Pre-Requisite
+ MBA Pre-Requisite
***UPDATE***
Record Bonuses Were Paid In
2006...Here's What Investment
Bankers Were Earning Last Year...
"622,000 per employee..."
"Goldman said last week it had set aside a total of $16.5 billion
this year for salaries, bonuses and benefits. On average, this would
translate to $622,000 per employee.
The bonuses come in a year in which Goldman shareholders have
benefitted from a rise of about 58 percent in the company's share
price, the strongest returns of any Wall Street investment house.
Lehman Brothers Holdings Inc. and Bear Stearns Cos. have said they
would pay about $12 billion in compensation each. Lehman said last
week it paid its chief executive, Richard Fuld, $10.9 million in stock
last year."
"7.7 Billion Shared Out In Salaries..."
"Lehman said it would pay its employees an average of $335,441 this
year - paying 25,936 workers a total of $7.7 billion in salary,
bonuses and other benefits At Bear Stearns, staff would receive an
average of $321,740 in compensation."
"They call their mothers, then
their real estate brokers..."
"Anyone at the bonus line at Goldman Sachs died and went to bonus
heaven," said Michael Holland, chairman of Holland & Co., a New
York-based investment firm. "It doesn't get any better than this."
The bonuses at Goldman, the leading merger adviser in the industry,
and elsewhere on Wall Street (Lehman Brothers and Bear Stearns report
earnings Thursday, and their earnings are expected to be robust as
well) are expected to give the New York area's economy a substantial
boost, particularly in sales of high-end residential real estate
luxury cars and other costly goods.
"When these guys learn what their bonuses are, we are among the
first people they call," said Pamela Liebman, chief executive of
Corcoran Group, a residential brokerage. "They call their mothers, and
then their real estate brokers."
"Bonuses of more than
