Non-Sales Roles with Incentives/Commissions
The idea of switching to become an operator sounds appealing but there’s slow comp progression and immaterial bonus. I think a role where I can be paid on commissions/incentives based on achieving goals would help offset this. Obviously, the first thing I thought of is corp/tech sales. However, I fear a direct transition from finance is near impossible without an MBA or jumping through hoops. I’m thinking maybe some BD roles could apply here where you can get some basic strategy exposure, drive growth, and potentially build new customer relationships but I don’t know if the compensation upside exists. Anyone know of the type of roles that would apply?
Based on the most helpful WSO content, here are some non-sales roles with incentive-based compensation structures that might align with your goals:
Business Development (BD) Roles:
Real Estate Development/Sales:
Private Equity or Venture Capital:
Fintech Product Roles:
SaaS Sales or Sales Strategy:
Corporate Development:
Startups or Early-Stage Companies:
If you're looking for roles with a mix of strategy, growth, and incentive-based compensation, BD and corporate development seem like strong options. Networking and leveraging your finance background can help bridge the gap without necessarily requiring an MBA.
Sources: The rise of business development roles in the industry, Business Development Versus IB, Lesser known MBA career options? Looking for advice on what to do post-HBS., Transitioning from tech to a serious finance job (yes, you read that right), Best Business Roles at Tech Companies?
AFAIK, Business Dev is Sales (very rarely/few companies call Corporate Dev aka M&A as Business Dev.)
A friend of mine got into IT sales after doing door-to-door Solar Panel sales (from lack of internships) because one of the IT VP opened the (literal) door and liked his Solar Panel pitch. $150k-200k (he mentioned in a good year bonus is $500k) remote, no cold call, just relationship maintainance.
Also if you're going into Sales/Eat What You Kill industry, being afraid of "jumping through hoops" and not willing to do some quick DD (such as Sales doesn't need MBA) are recipe for disaster.
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