Buzzy insurtech Corgi is hiring experienced investment bankers. The catch? The pay is commission-only.
The insurtech company Corgi is hiring investment bankers on a commission-only basis, breaking from traditional industry compensation models. The firm is expanding its business into M&A and thematic ETFs.
Why it matters
This hiring strategy reflects the high-risk, high-reward culture of modern startups and the evolving landscape of financial services recruitment.
Corgi's cofounders ring the Nasdaq bell to celebrate the listing of its ETF last year. PR Newswire Buzzy insurtech Corgi has a knack for launching new businesses, and investment banking may be next. The firm posted a job for a managing director of investment banking. Unlike typical investment banking jobs, the pay is commission only. Corgi launched as an insurance startup, but it's been rapidly expanding into new businesses like thematic ETFs and 24/7 cafe/coworking spaces. A job filing posted this month suggests it's now eyeing M&A investment banking. The company, valued at $5 billion, is hiring for a " Managing Director, Investment Banking " role, according to the posting. It says the company is "seeking experienced Managing Directors with established client relationships, deep sector expertise, and a proven track record of originating and closing transactions." The company says it's seeking someone with more than five years of experience.
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