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+13
Working in Wisconsin

WolfofWSO

Was going to make a throwaway, but who give a rip. Before you berate me with insults, hear me out. I have in-laws who live near Green Bay, Wisconsin. They are not doing well health wise and I am now exploring the option to move to somewhere within 2 hours of Green Bay, WI in order to be a...

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+13
AMA: Africa > BB IB in M&A > Corp Dev at a Tech Startup

anonymnous

Hi all, Thought i'd share my story, now that i have got the certified user star: <h3>My background</h3> Quite simply, I was born in east africa - and my family came to the UK when I was quite young to give a better life to me and my younger siblings. long-story short, I...

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+12
AMA - FP&A Manager

JShloe

I recently made the move from public accounting as a senior business valuation / audit associate to an FP&A Manager role at a public FinTech Company. <h4>Bit of background:</h4> <ul> <li>BA in Acct from non-target school</li> <li>MA in Acct same...

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WSO Hall of Fame: Corporate Finance, Development and Strategy Forum

WallStreetOasis.com

The Wall Street Oasis corporate finance, Development and Strategy Hall of Fame provides a comprehensive collection of some of WSO's best discussions on the corporate finance, development and strategy industry. Keep in mind this Hall of Fame does not include Q&A sessions by WSO veterans. To vi...

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+1
How long can I stay in CorpStrat, and when does it make sense to move in an operational or P&L role?

DatesExcelModels

Hi Everyone, Little bit of background: I did my undergrad in math/stats, then did my masters at a top target. I did two years of internships during, of which 2 at BBs in IB. I started at a FAANG in Sales about 2 years ago and moved to a Strategy Analyst role after a year. I'm loving the work, I lo...

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Simple Agreement for Future Equity (SAFE) Anyone ever see companies use SAFE agreements when making investments?

Splatter_master

I was speaking with the SVP of CorpDev and he mentioned that he was finding a bunch of smaller more tactical targets that would be an interesting add on to our company, but were not meaningful in terms of revenue. Our company is PE-owned, so they largely take care of the bigger acquisitions. Since t...

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GE FMP 2019

Billy-Watson

Can someone tell me about how the FMP program is currently? Is Aviation the only good one? What should I expect out of it?...

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+12
AMA - FP&A Manager

JShloe

I recently made the move from public accounting as a senior business valuation / audit associate to an FP&A Manager role at a public FinTech Company. Bit of background: BA in Acct from non-target school MA in Acct same school 2.5 years in audit non-big 4 (associate/senior) 1.5 years in an audit /...

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+22
Anyone actually like their corporate development job? (Post -IB)

thecoolkid1234

I know most people exit to PE/HF (coming from my firm) and maybe 1-2 in each analyst class exit to corporate development. I myself also plan on exiting to PE but I've always been curious about corporate dev I know the positive to corporate development is actually getting your life back but it seems...

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+1
Starting pay and training at small vs large corporations?

George-Vuxton

I'm graduating with my MS Finance in a few months and am looking for work in a corporate finance role (ideally FP&A or Treasury). I have been determined to get a job at a F500 due to higher advancement potential, and the possibility of relocating to numerous other locales. However, are there advanta...

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Full time recruitment advice with lack of prestigious internship

red-panda-98

How screwed am I if I didnt intern at any prestigious big financial firms during the three of my summer during college (freshman year i interned at a startup, second year a policy think tank, third year a private wealth management office - just small private company nothing fancy). i have decent fin...

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+1
What is the difference between net cash flow and change in net cash?

smeagol97

From what I understand, change in net cash seems to be a function of the cash flow statement (sum of cash flows from operating, investing, and financing activities). In my class, my professor used a similar term "net cash flow" and defined it as EBITDA + change in net working capital. Or maybe I mis...

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SFA @ f500 in SF vs. Corp Dev @ LMM in suburbs

2chainztherapper

Deleted Have the option to move to either: 1. Sr Analyst role at glo deleted Elisha s Pls advise Snzjbx...

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+11
AMA: Lower BB IBD > LMM PE > PortCo Head of Strategy & BD

street_secrets

Recently rediscovered my WSO account and thought I'd offer my experiences to the community. Not sure how much interest there is in this career path, but here it goes. #### Background * 3.7 GPA target school * Lower BB IBD analyst * LMM/MM industry-specific PE associate * Exited to a new...

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+13
AMA: Africa > BB IB in M&A > Corp Dev at a Tech Startup

anonymnous

Hi all, Thought i'd share my story, now that i have got the certified user star: My background Quite simply, I was born in east africa - and my family came to the UK when I was quite young to give a better life to me and my younger siblings. long-story short, I went through the public education sy...

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+1
What is JP Morgan's Corporate Analyst Development Program?

tayles11

I don't have much experience in the banking industry as my major is physics. I've been "offered" (haven't applied but verbal offer) a place on JPM's corporate analyst program in Bournemouth, UK and upon reading the description I'm a bit confused as to what it actually is (front office or back?) Her...

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+1
Best choice pre-MBA: Uber or Unicorn

Sumoneinbr

Hello, I am Brazilian and I have the goal to pursue a top-tier MBA in the United States. Overall career goal has been to try a Tech company in San Francisco. I had a two year consulting experience in a tier 2 global Strategy Consulting firm, in Brazil the internship for these companies usually tak...

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+4
Companies doing the most exciting work in corp dev?

FCFE

Probably large companies that are relatively acquisitive, interesting industry, smart people. Interested to get people's opinions on this. My list: Amazon Apple Google Disney Uber AT&T/Time Warner Liberty Media...

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+13
Working in Wisconsin

WolfofWSO

Was going to make a throwaway, but who give a rip. Before you berate me with insults, hear me out. I have in-laws who live near Green Bay, Wisconsin. They are not doing well health wise and I am now exploring the option to move to somewhere within 2 hours of Green Bay, WI in order to be a short d...

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IRR or return metric for 100% Debt Transaction

Iron_side

If I am buying a company using only debt, what is a appropriate return metric to use? IRR doesn't make sense since you aren't really investing anything yourself. I'm almost assuming that it's infinite no matter what return metric you would use. ...

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Strategy Analyst Interview Help

lux21

Monkeys, I'm currently in a position where I do financial modeling, build pitches/presentations, manage special projects, some marketing strategy and some business dev. I'm looking into a strategy position and I'm not extremely familiar with strategy interviews or interview questions, so if anyone ...

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Cambridge Associates vs Strategy/M&A at F500

happy_days

Hi guys, first time posting here. Would like to seek some advice between choosing an offer from Cambridge Associates (Investment Associate) and a Strategy/M&A (Analyst) role at a F500 ($10-20B market cap). This would be my first job right out of college. Might take an MBA in the future but still und...

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How do I break into corp development?

Essen24

Hello Monkeys; this is my first post on wso so go easy on me. Background: Top UK finance undergrad/GPA 3.7+; 3 years biz dev exp in Silicon Valley (two startups; both focused on AI & ML); Master in Accounting w/ focus on finance @ top 3 US school (GPA 3.7+); just started a Corp Finance position @ F...

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Metals & Mining Corporate Banking Interview

youngOG

I am expecting off-cycle internship interview at a BB in their Corporate Banking division in M&M. I was wondering if they would ask industry specific questions or focus primarily on corporate banking. Any corporate banking interview advice would be fantastic as well. ...

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Corporate Banking vs. Auditing Internship

pipolipo23

Hey everyone! I would really appreciate help in deciding which internship to take. To give a bit of background, I'm an Accounting & Economics student at a Tier-2 school, but with a prestigious undergrad Accounting program. All the Big 4 & Big 8 firms recruit directly from the program for internships...

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CorpDev w/o IB/PE/VC?

frnzs95

How difficult is it to break into CorpDev without an IB/PE/VC background? Would it be hard to break in from a Big4 Bval team and CPA? What advice do you have for breaking in for a long-term career?...

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How was Goldman able to sell this position prior to lock-up expiry?

quartermile

Hi Guys, I'm looking into MOGU, whose lock-up period for insider shareholders is set to expire on 4-Jun-19. Goldman was an inside shareholder prior to their IPO (5-Dec-18), but on 31-Mar-19 they [sold their position of 24,842 shares](https://fintel.io/soh/us/mogu/goldman-sachs-group). How was this...

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+3
Jensen's Alpha

abdelaallbayan

is this equation correct? : Intercept – Rf (1- Beta) = Jensen’s alpha. or is the Jensen's Alpha the same as the intercept? ...

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F50 FP&A to Moelis Research Analyst/Business Management - Restructuring

bennett1921

Hi all, I've just finished a finance rotational program at an F50 company and - as with most analysts in my class - have been quite unhappy with my final placement following the program. Despite campaigning heavily for roles I was interested in, the new program manager seems to have placed us mostl...

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Corporate Strategy for Financial Institutions

ClamKing101

Correct me if I am wrong, but I believe WSO is lacking a solid thread on Corporate Strategy for Financial Institutions (e.g. banking, capital markets, Asset Management, insurance...). Why is that? I have seen numerous Corporate Strategy / Corporate Development posts for other industries, but very ...

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+1
What is a "Diverse Markets Banker"

CodyParkey

Was given a business card by a family member to reach out to someone that is a SVP "Diverse Markets Banker" at a bank with ~10B+ AUM. What exactly does this mean/what do they do? Would like some more info before I reach out. Thanks!...

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+2
Corporate Finance to Corporate Development/Strategy Role Long Term

dallasbusinessgirl

I'm new to WSO and have enjoyed reading through all the forums. They've been a big help for me in defining my career goals. I am currently in the process of applying to Top 15 business schools. Career wise I am very interested in working in corporate finance at a biotech/big pharma company Post-MBA...

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+1
Business Levers

512Finance

Hey Friends, Quick question as I think it is important to pick everyone's brains here. If you look at a company focused on offering social media and customer engagement services, from a strategic standpoint, how would you look at some of the business levers/drivers for the company? From an operatin...

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+4
How to best prepare for a career in Corporate Finance

ukwannabebanker

Hello guys, new member to WSO here! I am a UK undergrad. student due to start university at a so-called "target school" in September, studying Electrical Engineering and management/finance. I am only 18 and have no experience in IB/accounting though have some decent work experience/exposure in en...

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+1
Financial Leverage

Pankaj-Swain

There seem to be different formulas for Financial Leverage, viz. Change in EPS/Change in EBIT, PAT/EBIT, EBIT/PBT, Total Debt/Shareholders Equity, Net Assets/Net Worth, etc. Kindly clarify whether they are all correct and if so, under what condition each of them become applicable?...

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