Working within Corporate/Business Development
(King Kong, 1,707
Points)
on 4/1/07 at 6:24pm
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)?





I am also interested in
I am also interested in this, if anyone has anything to say about it.
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My internship this summer is
My internship this summer is actually in BD. The company that I will be working for has done considerable expansion in the past few years through acquisitions and divestitures. I believe the number was $14B in deals in a month. The reason why I choose this is you actually get an in depth look on the synergies of the company; unlike a banker your there during all the stages of the deal from targeting to actually incorporating the company into the fold. Think it of a mix between M&A and strategic planning. The compensation may not be as high as banking but the work is thoroughly engaging because once your higher up you are actually helping in deciding the course of the company and becoming a dealmaker yourself. Also the hours are considerably better. From my perspective this would give me views into what it is like being a consultant through the planning experience and what it is like to be a banker when I actually go through the deal execution. The way I was recruited is I leveraged my previous work experience with the company, manager recommendations, and I got to know some of the team. If there is anybody who has done BD for FT I would like to hear from their experiences.
If you go into Corp.
If you go into Corp. Development after a two year stint, what kind of hours and compensation are you looking at? Ballpark anyways.
Also, do you have to be in NY or are the companies' CD offices all over?
corp development
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