I know that Corp/Bus Dev is basically in house m&a.
What are the reasons for going into this area of work compared to PE or staying in banking (ie better work life balance)?
From what I've heard the pay in c/b dev is not as nice as banking or PE, is that true?
Also, how does someone get into this area? Are they recruited by companies they've worked on transactions for or through some formal process (ie applying thru websites and speaking with headhunters)?