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Maybe with their work, labor costs are a relatively small portion of the product price?
by wobbleblob 10y ago
Maybe with their work, labor costs are a relatively small portion of the product price?
- gaius 10y agoLook up the comp ratios of some of the major investment banks. It can easily be 50%. As with all professional services firms, the biggest costs are people and real estate.
- btian 10y agoI think he's saying the money client pay to investment banks is a small compared to size of the deals bankers advice / underwrite etc.
- gaius 10y agoBut it is large compared to what the shareholders earn, and they are the ones ultimately pulling the strings. The days of the white-shoe partnership are long gone...
- wobbleblob 10y agoIs that percentage high or low compared to the products of low skilled labor?