fuck all,
places that call it corporate finance tend to work on mid market/small deals, whereas both boutiques and BBs call it investment banking so that could be any size deal..
OP, you might be thinking about finance positions at a corporation vs. investment banking positions. In this case, the difference would be the work experience.
corporate finance is profit forecasting, revenue analysis, internal auditing, treasury, budgeting, etc. for the corporation (usually a multitude of different groups to work for).
Investment banking is helping other companies raise capital and requires more valuation-type work (also much more grunt work).
corporate finance and ibanking have many similarities - job function wise. However, while the base salaries are initially the same, the bonus structures are completely different. Obviously, IB pays significantly more in bonus than corporate finance ever would. However, I think quality of life in corporate finance is significantly better. That's the tradeoff.
I'm confused, because I was under the assumption that "corporate finance" entailed the same activities (M&A, debt and equity issuances) as "Investment Banking." What are you defining corporate finance as?
Working in the finance department of a "normal" (i.e. not financial services) company is still generally called "corporate finance" by the people who do it for a living (i.e. previously myself).
The pay isn't even in the same galaxy as I-banking, with a few exceptions. CorpFin in a "normal" company doesn't generate revenue for the company, and so you're looked at as overhead, and it's never good to be overhead. At least for me, it was a glorified accounting job.
With that said, you learn a lot of the skills I-bankers use, and so if you went to a good school and you have CorpFin experience, you might be able to make the jump.
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At many banks they are the same thing. Prepare yourself for sarcastic responses.
whats the difference between a dog and a trash can
9
It's like a blue sunny hill but not as much ice cream, unless you like Giraffes
periwinkle and rosewater
what's the difference between an orange
What's the difference between a stripper and an exotic dancer?
One is just doing it to pay for 'college'?
fuck all, places that call it corporate finance tend to work on mid market/small deals, whereas both boutiques and BBs call it investment banking so that could be any size deal..
Investment banking is the broader term covering both the banking and markets side of things, Corporate Finance (or M&A) is a sub-area within Banking
Here is a link for further reading: http://www.gradnav.com/investment-banking-the-basics/business-areas-wit…
corporate finance versus Banking (Originally Posted: 12/25/2010)
What is the difference between corporate finance (financial analyst positions) banking?
Nothing (if they're European firms such as Deutsch Bank, probably nothing even if they're American).
OP, you might be thinking about finance positions at a corporation vs. investment banking positions. In this case, the difference would be the work experience.
corporate finance is profit forecasting, revenue analysis, internal auditing, treasury, budgeting, etc. for the corporation (usually a multitude of different groups to work for).
Investment banking is helping other companies raise capital and requires more valuation-type work (also much more grunt work).
Houlihan Lokey's corporate finance (financial analyst position) is just their regular investment banking with M&A, capital markets, and securities.
corp finance vs ibanking? how different is the pay... (Originally Posted: 05/07/2007)
pls advise
Hi there,
Ok, here's my take...
corporate finance and ibanking have many similarities - job function wise. However, while the base salaries are initially the same, the bonus structures are completely different. Obviously, IB pays significantly more in bonus than corporate finance ever would. However, I think quality of life in corporate finance is significantly better. That's the tradeoff.
I'm confused, because I was under the assumption that "corporate finance" entailed the same activities (M&A, debt and equity issuances) as "Investment Banking." What are you defining corporate finance as?
corporate finance IS Investment Banking.
When someone says corporate finance or Corp. Fi. they are talking about traditional Mergers & Acquisitions for Investment Banking.
Unless you are talking about Finance in Corporate America such as working in the finance department of a Fortune 500 (non banking) company.
for large corporations...
non banking companies..
That would be corporate development. You might be able to run a search for that.
Working in the finance department of a "normal" (i.e. not financial services) company is still generally called "corporate finance" by the people who do it for a living (i.e. previously myself).
The pay isn't even in the same galaxy as I-banking, with a few exceptions. CorpFin in a "normal" company doesn't generate revenue for the company, and so you're looked at as overhead, and it's never good to be overhead. At least for me, it was a glorified accounting job.
With that said, you learn a lot of the skills I-bankers use, and so if you went to a good school and you have CorpFin experience, you might be able to make the jump.
I just defected to the world of RE.
Doloribus beatae facere voluptatem placeat voluptatibus illo. Pariatur quasi laborum harum. Tempore odit fugit sint consequuntur et qui. Aut eligendi alias est rerum quo laudantium. Perspiciatis reiciendis consequatur qui odit.
Tempore qui vitae incidunt dicta alias labore. Recusandae cum soluta repudiandae doloribus labore. Magni voluptate aliquid et repellat adipisci.
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