Corporate Development vs Corporate Treasury Internship

I have received two internship offers for the summer. One is in the Corporate Development department of a F500 focusing on M&A and the other is for a successful fintech company in their Corporate Treasury group (will be doing fx and interest rate hedging). What would be the best opportunity for growth opportunities going forward and for getting into AM or VC down the road?

5 Comments
 

Hey asdf21, I'm here because nobody responded to this thread after a few days...maybe one of these resources will help you:

More suggestions...

I hope those threads give you a bit more insight.

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

I would take corp dev. Treasury roles can be so, so boring where all you do is cash management basically - will depend on how sophisticated their program is, but IMO much less transferable of a skillset. When you say "AM or VC" that's such a broad spectrum too that I wouldn't automatically say the fintech role could be better because it's a startup focus (also depends on what stage that fintech is).

 

Even if treasury work can be really interesting, (can also be very boring at some places) unless you have a lot of experience you'll mostly be doing dashboarding and crunching numbers without any sort of reflexion. I had the chance of doing a nice treasury internship at a place that had a lot of FX hedging and issued around 50M of commercial paper everyday, but I would still recommend taking the CD internship.

M&A experience is really valued and I think it'll be a big plus for your resumé.

 

As objectively as possible, the Corp Dev. role is the clear winner for the greater optionality it will provide you in the future.

Authored by: Certified Corporate Development Professional - Director
 

Placeat quaerat nemo sit non vitae. Enim eos inventore quod libero qui provident quis voluptas.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (24) $180
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (82) $151
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”