Comp Structure
I work in M&A for a $5b public tech company and I'm starting to feel like I should be comped like a banker given the work load I'm given. We do ~$700m in acquisitions every year and our deal team is literally 4 people (excluding integration/accounting diligence stuff). I'm working 80 hours per week, taking solo meetings with target company execs, walking the CEO through my models, etc, so I hold a decent amount of responsibility for an analyst with 2 years of experience. I'm responsible for any model building and revenue analysis (pre-LOI). We rarely hire bankers unless a transaction is $500m+.
I worked in ER for a year and have put in about a year in corp dev at this company. Located in Texas (Dallas/Austin). My comp is $98k + $5k in shares.
Long story short, should I be getting paid closer to what bankers make? For those of you that work in corp dev mostly on M&A side, are you comped based on a % of deal volume?
alexbalazs, bummer your thread hasn't had a response yet. Maybe one of these threads could point you in the right direction:
I hope those threads give you a bit more insight.
My immediate reaction would be at least 15k -20k more spread over base/bonus based on what I'm paid (almost make the the same and I work 45 hours on average...), but I don't know much about comp as a junior person in the industry
If you want to get paid as a "banker" go move to a role at a firm where closing deals brings in revenue..
Corp dev is just a glorified support function for most corporations - think you need to get over your sense of entitlement here and understand how your role actually fits into the organisation not how "sexy" or "hard" the tasks you're doing are (and presumably how doing those tasks should garner you the same comp as someone working in a firm whose business model relies on doing those tasks). Textbook case of millennial entitlement right here.
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