I applied on LinkedIn for a Business Development Manager (BDM) role. With over 8 years of experience in generating new business, mostly in tech, and an MBA, I’m familiar with sales, marketing, and lead generation across industries. The listed salary range was $120k–$200k, which aligned with my expectations.
The next day, I received a call inviting me for an in-person interview. However, it turns out they’re actually hiring for a loan officer position with a base salary of $37k. The advertised salary was the "potential" if you’re top-tier—though I highly doubt anyone there earns six figures, except maybe the president. For $37k, they expect you to work 10-12 hour days and attend two marketing events per week to generate leads, without covering transportation costs.
On top of that, the $37k is commission vs. draw, meaning once you generate $37k in revenue, they stop paying you. In reality, you'd likely earn less than minimum wage.
For anyone considering this position, here’s some transparency: you’d be better off working at McDonald's. This was a complete waste of my time. Advice to management: if you see an MBA and 8 years of experience on a resume, don’t waste that candidate’s time. This offer was laughable.