Just curious what exit opps here, take the following experience as example.
- 3 Years BB IBD Coverage, tier 2 bank
- 2.5 years MM M&A
- Deal experience largely focused on public company M&A/carve-outs/take-over defense
- Same sector
I am considering a Corporate Development oppy at a conglomerate with a robust M&A team. Role entails: * Pure M&A strategy/identification/execution of large deals. I see this Company pursuing a transformative, $5Bn+ transaction, potentially larger * Role would be separate from corporate strategy team and team that executes bolt-ons
Exit Opps I am aware of: * Lateral to another large company corp dev, smaller company corp dev * Back to banking at similar institution as prior experience
What I am not aware of: * Exit opps to PE * Exit opps to Growth Equity * Exit opps to HF (recall I have activist take-over defense transaction experience) * If desire to return to banking, what level would I be competitive for?
Thank you!
Assuming you get good experience the exit opps are either a lateral to similar size firm in industry at a higher position, a start-up in the same industry where you'll be on a lean corp dev team (likely just working under the VP) and hoping to hit it big with your options, or in rarer cases PE/VC in same industry.
Also possible that you don't exit, as a corp dev role is a dream job for many people if your company stays active. Work your way up to a senior director over the next 10 years and make $400-$500k all-in per year while only working 50-55 hours per week on average. Not a bad deal.
thanks - so PE would be difficult at VP level, if not impossible?
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