What are the potential career paths after starting in a top Corp Dev group out of undergrad?

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ThrilledToAnnounce

Baboon

Curious

JBanksohn

Neanderthal

Some that come to mind:

IB
A different CD Role
FP&A
PE (I hesitate to list this since it is quite rare)

CD itself is seen as an exit for people in IB, so starting off in CD can be different. That being said, there are still plenty of options available after CD. Depends on your interests as you look to transition from the role.

Authored by: Certified Corporate Development Professional - Director

stringerbell22

Senior Monkey

[Comment removed by mod team]

Analyst 1 in CorpFin

Anonymous

After a couple years and deals under the belt, is it possible to lateral into an associate IB role or does it require an MBA?

Authored by: Certified Corporate Finance Professional - 3rd+ Year AnalystCertified Corporate Finance Pro

ThrilledToAnnounce

Baboon

Bump

Corporate Banking Industry

cap182375

King Kong

2 years is probably light to lateral as an associate - would more likely hit some sort of experience analyst role. maybe a couple more years.

Authored by: Certified Corporate Strategy Professional - Vice PresidentCertified Corporate Strategy Pro

Analyst 1 in CorpFin

Anonymous

Thanks, wasn't 100% sure.

Authored by: Certified Corporate Finance Professional - 3rd+ Year AnalystCertified Corporate Finance Pro

Steff McKee

Orangutan

After a couple years and deals under the belt, is it possible to lateral into an associate IB role or does it require an MBA?

Sure but why would you want to?

Analyst 1 in CorpFin

Anonymous

Honestly it would have to be the perfect situation for what I want out of the experience. I would definitely target a "lifestyle" MM group, but those are hard to come by. I enjoy my role and responsibilities, but there is a nearly concrete ceiling of moving up on my team past senior analyst (2-3 more years on the team) and the money is certainly a discount compared to companies of similar size/deal flow even factoring that I live in a very LCOL area.

I'm not 100% sold on it, I still want another year or two in my current spot but just trying to get a picture of my options.

Authored by: Certified Corporate Finance Professional - 3rd+ Year AnalystCertified Corporate Finance Pro

pipole4

Neanderthal

Most Helpful

Having interviewed junior candidates with that profile for Ib before:

can definitively be considered for IB, even seen some people move into PE

the earlier the move the better. With a bit of luck you’ll get decent exposure to deal process, analysis and industry understanding. But that’s only a part of what an associate needs to know in banking.

you also don’t want to overreach and then suck when you do your move. Better to have the right steps

Outside of IB:

more classic finance roles (think management accounting / control, FP&A…)

more corp dev

It’s worth thinking about how you want to drive your career and the set of skills you want to build.

Authored by: Certified Corporate Development Professional - Executive DirectorCertified Corporate Development Pro

ettc

Senior Baboon

I can confirm that as well, better to move when you're an analyst instead of a manager (2-3 yrs in is good). I had a few offers from some decent investment banks, MM/lower MM but they ended up being in towns I didn't like. Some tips I can offer, that I believed were reoccurring themes/questions in my dozen plus interview processes:

Why do you want to move from CD/IB (be able to pitch why and why you would be a good fit based on your CD experience in the same response).
I got hit with a lot of technicals, you're expected to be up to speed with your IB peers
Have some tangible transaction work to talk about
Most if not all had me write a teaser/pitch.
I got interviews for verticals I did not have experience in (building products background, interviewed for a few tech/healthcare groups), you must be able to speak about the transactions in those spaces, multiples, industry dynamics.

Intern in IB - Gen

Anonymous

What top Corp Dev groups hire out of undergrad? Serious q

Corporate Banking Industry

Intern in CorpFin

Anonymous

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