Got Corp Dev Offer - Compensation?

Got an offer as a senior associate (I think it's the same as a senior manager?) in corporate development. All-in it looks like it would range from $200-$275k (salary is $165k).

Is this where the market is for a senior associate / senior manager in corporate development? Anyone in corporate development that could comment?

Comments (22)

Jun 6, 2018 - 10:52am
Esuric, what's your opinion? Comment below:

That's very high. Particularly for the title but also in general.

To answer your question directly, salary ranges are all over the place. Your data point is on the very high end.

“Elections are a futures market for stolen property”
  • 1
Jun 6, 2018 - 10:56am
BirdoInBoston, what's your opinion? Comment below:

So....just jumped in to this space; if that's what you're making, then I got hosed...(ya'll still hiring???!?!?!?!)

Granted, my gig is with a small, family-oriented shop that doesn't require a lot of late nights or weekends (perfect for my blend of skill set and desire to be around for my two young kids)...there's an expectation that we don't respond to emails after hours unless a live deal critically depends on it because...nobody wants that expectation (but we run non-stop 8a-6p)

Director of Finance and Corporate Development: 2020 - Present Manager of FP&A and Corporate Development: 2019 - 2020 Corporate Finance, Strategy and Development: 2011 - 2019 "An investment in knowledge pays the best interest." - Benjamin Franklin
  • 1
Jun 6, 2018 - 11:08am
MBrown52, what's your opinion? Comment below:

Oh wow, do you mind if I PM you your comp profile?

I'm a bit worried about the work-life balance, hours could be on the higher end. Comp seems great but still lower than what I made during my banking days. My primary focus is work-life balance and finding a platform that I could spend 5+ years on.

Jun 6, 2018 - 11:15am
MMBanker14, what's your opinion? Comment below:

Well yeah, F500 type companies can't pay what banks can. You will certainly not make as much as in banking. But even on the high end your hours in CD should be better than even an easy week in banking?

I mean most CD managers seem to make about what a first year or second year banking analyst makes all-in, depending on how long they've been in the role. Perhaps the pay is slightly higher in SF/NY.

Jun 6, 2018 - 11:21am
anonguytoibd, what's your opinion? Comment below:

Prepare to be worked if this a bank. Bank executives are not normal amongst their peers in other industries. It is pretty normal to get emails at 4 AM with the expectation that things be done as soon as possible, at least at my old firm.

Jun 6, 2018 - 1:43pm
anonguytoibd, what's your opinion? Comment below:

JPM/Citi/Barclays. I can't go into detail but it was a combined function, not just purely corporate development. Also, I'd like to clarify that those 4 AM emails were urgent but that did not mean you were expected to be up at that time unless you were on a live deal. It's just that at least my firm some execs seemed to never sleep.

Jun 6, 2018 - 8:39pm
MBrown52, what's your opinion? Comment below:

Gotcha, that sounds great for corp dev. I guess I'm just more concerned about work-life balance and hopefully it's more manageable than banking. Good chance I may not take the offer to be honest, even if compensation is higher than market.

Most Helpful
Jun 6, 2018 - 9:06pm
anonguytoibd, what's your opinion? Comment below:

Talk to people who have previously worked in the group. They will give you the best answer. My work life was not terrible, but don't expect 9-5 because that's just not going to happen. Late requests happen, but it depends on your subgroup and initiatives you are tasked. If you work with a bunch of bankers in a bank, of course it's going to be a little rougher on any team with those attributes in that environment. This decision is so firm and group specific, even within "corporate development". This term is not even that specific as a lot of banks have multiple groups that work on strategic transactions and they all can be separated from each other at some level.

Jun 13, 2018 - 12:07pm
nickcageisnotabadactor, what's your opinion? Comment below:

Sounds like a great offer. Congrats.

You won't work nearly the hours you worked in banking, plain and simple. Will you work twice the hours of your friends outside of finance? Yes. Do CD hours vary by industry? Sure. However, if your baseline comparison is banking then you'll love your newfound freedom.

The good thing about corp dev is that your hours are much more predictable. Banking shits all over your personal life in ways that corp dev won't. You can make plans and follow through because you know well in advance when your schedule is more demanding (recurring investment committee meetings, quarterly board meetings, strategic planning, etc). Hours increase during live deals, blah blah blah but corporate M&A is spread across multiple business functions which helps lighten the load to some degree.

Jun 6, 2018 - 10:17pm
accountingbyday, what's your opinion? Comment below:

Not in Corp Dev, but can confirm that this is a pretty reasonable assumption. Could potentially be a little lower, some should definitely be slightly higher, but a good baseline figure.

twitter: @CorpFin_Guy
Jun 12, 2018 - 10:37pm
Poff, what's your opinion? Comment below:

This range is fairly consistent with Sr. Finance Managers at my company, but I'd widen it a bit and incorporate +/- $10K at both the top and bottom end of the range. 20% bonus, no stock.

Jun 6, 2018 - 10:20pm
AllDay_028, what's your opinion? Comment below:

I worked with a Corp dev and strategy combined team at a bank and I can tell you the team there worked far more than the traditional Corp dev teams in most f500 industries. Pay is higher because it's all ex bankers poached from that bank and moved internally, but they still work like bankers. Totally different experience than you'd get in most industries.

Jun 6, 2018 - 11:29pm
princepieman, what's your opinion? Comment below:

Move into software engineering or PM at a top tech company. Mid-level folks make ~$250-400k a year with hours rarely over 50/week.

Array
Jun 8, 2018 - 12:08pm
BankerC159, what's your opinion? Comment below:

Odit vero quia dolorum et voluptatem perferendis consequatur animi. Praesentium ut aut saepe officiis reiciendis. Et quae fugiat et et. Vel est dolore enim facilis. Nemo aspernatur asperiores ipsum cupiditate ut doloremque ex.

Eos consequatur quis vero autem omnis non sit. Est illo omnis nulla beatae vel.

Aug 7, 2018 - 7:30pm
EarLoeb, what's your opinion? Comment below:

Earum quia exercitationem repudiandae. Aut atque modi blanditiis omnis. Veniam ipsam veritatis distinctio perspiciatis soluta error repudiandae.

Quibusdam molestias quidem velit quaerat aliquid voluptas. Et et molestiae qui illo dolores dolor. Dolor molestiae sit consequatur et consequatur possimus et. Dolore ad quisquam fugit dignissimos ut modi quia optio.

Quisquam suscipit quia provident est autem. Quis est aut iusto reiciendis nobis iste maxime. Quis aut hic non qui sequi qui in necessitatibus.

Odit aspernatur aut nobis dolore. Laborum necessitatibus hic eligendi minus. Iste non aut laudantium voluptas commodi.

Start Discussion

Career Advancement Opportunities

June 2022 Investment Banking

  • Jefferies & Company (▲03) 99.6%
  • Lincoln International (= =) 99.2%
  • RBC Capital Markets (▲07) 98.8%
  • Bank of America Merrill Lynch (▲01) 98.4%
  • Houlihan Lokey (▲06) 98.0%

Overall Employee Satisfaction

June 2022 Investment Banking

  • Lincoln International (▲06) 99.6%
  • Jefferies & Company (▲11) 99.2%
  • Greenhill (▲07) 98.8%
  • Rothschild (▲01) 98.3%
  • Evercore (▽01) 97.9%

Professional Growth Opportunities

June 2022 Investment Banking

  • Jefferies & Company (▲04) 99.6%
  • Lincoln International (▲04) 99.2%
  • RBC Capital Markets (▲09) 98.8%
  • Houlihan Lokey (▲07) 98.4%
  • Bank of America Merrill Lynch (▲04) 98.0%

Total Avg Compensation

June 2022 Investment Banking

  • Director/MD (9) $661
  • Vice President (37) $394
  • Associates (190) $246
  • 2nd Year Analyst (115) $162
  • 3rd+ Year Analyst (17) $156
  • 1st Year Analyst (369) $150
  • Intern/Summer Associate (78) $147
  • Intern/Summer Analyst (290) $91