At what point can one break 500k and 1MM in a Corporate role?
At what point in your career in Corp Dev/Fin/Strat could one generally expect to earn 500k? Is this Director level of comp or higher? Could a Senior Director in a profitable industry like tech expect to earn around this level?
And where can you expect to earn 1 MM? Could a VP in FIG, energy, tech or pharma/healthcare expect to earn this or is that reserved for C-level execs only?
Data point: I work at a F500 CPG company. Directors at my company range from ~$270k-400k all-in (with the upper end being those who've been Directors for several years). To crack $500k you're looking at a VP role, and to crack $1MM you're looking at the most senior VPs - e.g. one rung below the C-suite (titles are usually "President of Europe", "President of North America"). We have 30,000+ employees, and there are maybe 10-15 who will break $1MM in a given year.
For most industries this is spot on.
At my 2 F500s similar experience, maybe even slightly lower. For instance, I doubt any directors are $400k at either of the companies I know and no one below C-suite hits $1M. Even our "President of X" is likely $700-800k in a year, with occasional exceptions for tremendous performance.
I am completely sure that there are outliers and tech and FIG are probably higher, but unlike most speculation on this site I have seen the confidential #s.