Amazon Business Development vs Private Credit for Consulting/Strategy?

Hey everyone,

Looking for some insight here. I’m currently interning in private credit at a large asset manager with $1T+ AUM, primarily working on funding LBOs and M&A. The internship is a full year, so I’ll have a solid amount of deal experience built up by the end, albeit on the credit side.

Recently, I received an offer for a Business Development role at Amazon, focused on launching a new service, likely within Amazon Shipping. The role involves building a pipeline, working on market segmentation, gathering customer insights, and contributing to the development of a new product. It’s heavily client-facing, with a lot of direct engagement to understand customer needs. There are also opportunities to pivot into other business areas/roles (I imagine account management, product management too potentially) within Amazon if I decide to broaden my focus.

I’m trying to weigh my options.

  1. For someone interested in consulting or a strategy role, how would this Amazon Biz Dev experience stack up compared to staying in private credit?

  2. How is Business Development generally viewed as a career path at FAANG, especially in terms of progression, comp & long-term career growth?

  3. What kind of exit opportunities could I realistically look at if I stayed on this Amazon path?

Would love to hear thoughts from anyone with experience in either area. Thanks!

11 Comments
 

Based on the most helpful WSO content, here are some insights to help you weigh your options:

1. Amazon Business Development vs. Private Credit for Consulting/Strategy

  • Private Credit Experience:

    • Skills/Training: You'll gain significant deal experience, particularly in funding LBOs and M&A, which is highly valuable for roles requiring deal diligence and financial modeling.
    • Exit Options: This experience can make you competitive for roles in private equity, investment banking, and other finance-focused positions. However, it may be more narrowly focused compared to consulting.
  • Amazon Business Development Experience:

    • Skills/Training: This role offers a broader skill set, including market segmentation, customer insights, and product development. It's heavily client-facing, which is beneficial for consulting and strategy roles.
    • Exit Options: Business development at Amazon can open doors to various roles within the company, such as account management and product management. It also provides a strong foundation for transitioning into consulting, especially in strategy and operations-focused roles.

2. Business Development at FAANG (Amazon)

  • Career Path: Business development roles at FAANG companies like Amazon are generally well-regarded. They offer opportunities for progression into higher-level roles within the company.
  • Compensation & Growth: Compensation is competitive, and there are ample opportunities for long-term career growth. The experience gained in a business development role can be highly transferable to other areas within the company and beyond.

3. Exit Opportunities from Amazon Business Development

  • Internal Opportunities: Within Amazon, you could pivot to roles in account management, product management, or other business areas.
  • External Opportunities: The skills and experience gained in a business development role at Amazon are highly valued in the consulting industry, particularly for strategy and operations roles. Additionally, this experience can be attractive to other tech companies and startups.

In summary, both paths offer valuable experiences, but the Amazon Business Development role provides a broader skill set and more diverse exit opportunities, which could be advantageous for a career in consulting or strategy.

Sources: Q&A: Former MBB Consultant, Q&A: Consulting v. Banking, the age old question. By Former MBB and Bulge Bracket Banker., Q&A: Former MBB Consultant, https://www.wallstreetoasis.com/forum/consulting/difference-between-corporate-consulting-vs-corporate-strategy-vs-normal?customgpt=1, Best internship for MBB, SpaceX or Amazon?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Yeah I’m entering through their undergrad program (UK Based though). Seems everyone there either started out in Amazon or came from a similar role at other companies with a some ex consulting people in there too.

 

I have received an offer for Amazon business development too a while ago! Also wanting to go into consulting at MBB/T2 firms but I have not received a clear cut answer at all. I am not entirely sure if this internship is helpful for consulting? No one seems to be giving a proper answer.

 
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