Google, FB, Microsoft Corp Dev

Is it possible to break into those groups without a tech banking background? I'm interning at a non-tech IB group but am wondering if moving into a top tech corp dev program is possible. I know getting a return offer is paramount as well.

Thanks in advance for the help!

 

[quote=harvardgrad08]I've answered this before in the below thread...plus anything else you want to know about corpdev / corpstrat at a large tech company like Google, FB, MSFT, etc.

http://www.wallstreetoasis.com/forums/the-other-road-corporate-developm…]

Every time I see you post I want to give you a SB. I'm gonna go ahead and splurge today haha

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Can't speak specifically to MSFT but most legit/F100/F500 corp dev teams are usually made up of either 1.) ex bankers or 2.) other related backgrounds with MBA. rarely do you see someone without a reputable MBA and no prior banking experience.. can't imagine MSFT would be any different, in fact I would think that they would have higher requirements for candidates.

 

First off, there are several internal strategy and corp dev groups within MSFT. Each has a different process and preference for skills. For example, I know that IEB (the xbox group), which has a standalone strat/corp dev group, seems to like people that have either prior corp strategy or consulting experience versus deal guys. Other groups are different. They do take people from online applications, but the best way to get an interview is through networking/knowing someone. I'm not sure if they ever use an external headhunter. I do know that they will hire pre-MBA guys into these groups, if they like you.

 

Thanks TechBanking. SB'd you. I know MSFT also has a Treasury Capital Markets group that manages its corporate cash and long-term investment portfolio - do you know anything about the day-to-day work there? Curious how the work is from an analytical perspective. Thanks for all the info.

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rickyross:
Thanks TechBanking. SB'd you. I know MSFT also has a Treasury Capital Markets group that manages its corporate cash and long-term investment portfolio - do you know anything about the day-to-day work there? Curious how the work is from an analytical perspective. Thanks for all the info.

Sorry, unfortunately I don't know anything about the group you mentioned. I've spent a bunch of time in the past interacting with various parts of MSFT for deals and have had a few buddies in various strategy or corp dev roles, mostly in IEB.

I would imagine that the cash management functions would be (at least somewhat) quantitative but have almost nothing to do with corporate strategy or direction. I'd also be cautious because the guys managing cash may not be the same people making investment decisions (I personally have no idea).

 

Microsoft's Treasury Capital Markets team basically consists of CFAs for investment/FX roles. The group used to be way flashier before the ASC 321 rule kicked in which made them close out their $20 billion stock portfolio and switch almost entirely to fixed income. Look at Microsoft's 10-K they carry ridiculous amounts of treasuries and commercial paper now, but very few stocks. There's been some interesting exits from the group to Stripe, Blackstone Treasury, etc. but the role is mostly just a cushy way for making 6 figures and relaxing. Since Microsoft's all the way on the west coast, I've heard the treasury begins work at around 6/7 AM, and people wrap up their day at 1-2 PM so great WLB there.

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Best Response

As a person that works in one of these groups I can tell you that they are relatively competitive. You'll find that most of the folks that get these jobs come from top tier shops, that said, there are always a few guys on the team that come from MM firms (I've seen people from Thomas Weisel, Macquarie, Piper Jaffray, etc.) break in so it's not unrealistic. You just have to show that you are extremely passionate about the company and the industry.

As an FYI most of these programs aren't designed to be 2 year programs. You can stay as long as you want (assuming you are performing well). In reality though most people stay 2-3 years and then head to M&A, VC, startups, etc.

The following thread may answer a few of your questions as well (//www.wallstreetoasis.com/forums/the-other-road-corporate-development-ass…)

 

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