Entry level corporate development
What do you guys think about starting a career in corporate development (in-house M&A) right out of college. Btw I do not have a good chance of making it in Ibanking.
Just wondering what the general salary and career path/exit opps would be like
If you can actually land a role like this straight out of school, it's a great path. But as other posters already said, this would be pretty rare. A less common but still decent way into CD is Big 4 Transaction services. Few people are able to exit directly into CD, but a couple years of TS, mixed with FP&A at a company and you could probably network your way into CD at same company at the manager level with a pretty sweet paycheck. You'll be in the same place as former IBankers and won't have had to deal with that lifestyle.
4-6 deals is a lot, is this in a highly acquisitive industry? (I.E. medical devices?)
Some corp dev teams have 15-20 people and dont buy anything basically ever. They just spin their wheels and kick the tires on deals and every third year make an acquisition.
For reference I'm at a Junior level in a CD role and we close easily 5+ deals a year. That goes to upwards of 10+ if you consider partnerships / joint ventures.
Many of these can be almost negligible (under a few million NPV) and come from a "optics" or macro strategy perspective. Others (fewer, perhaps 2 or 3) could be north of $50-100mm deals.
You also have the odd massive partnership that could come in at some ridiculous numbers if it's with an insanely fast-growing company.
Corrupti perspiciatis tempore neque odio omnis quaerat et. Veritatis et eum ex. Aut numquam perspiciatis velit numquam consectetur repellendus dolores.
Et et est unde quis aut laudantium quo. Placeat molestiae dignissimos cupiditate excepturi fugiat tenetur. Ex asperiores qui dolorem et sed dolorum ab.
Velit inventore id itaque aperiam perspiciatis voluptatem fugit. Asperiores accusamus rerum porro vero qui. Ut aliquid facilis omnis officiis quis omnis impedit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...