Big Tech Corporate Development Total Comp Expectations
Hi everyone,
I am currently in the final stages of interviewing with a few of the FAANG companies for corporate development coming out of a top TMT bank in the bay area (GS, MS, Qatalyst).
One of the corp dev groups I am looking to join has a very small team and no information online in regards to salary, bonus, stock, etc. Since most of these companies have no idea what to pay for corporate development and I live in the Bay Area, I was curious what you all would recommend to shoot for in terms of compensation
Big tech companies have no idea what to pay for talent in the Bay Area?
you’re going to be disappointed with what they offer you
Eh they pay their technical staff well but for more back-office positions like Corp-Dev, it is clear that this is a secondary focus of these firms.
With a lot of these teams being filled with kids who came into FP&A straight out of Stanford / UC Berkely undergrad, there aren't a whole lot of bankers you find from decent TMT backgrounds going after these positions
So it's more that these positions for finance folks tend to vary a lot in terms of comp, culture, and team
For all the firms I spoke to (including Salesforce, Google, Microsoft, oracle), they have almost 100% ex-banker teams
125k base for after 2 years banking + ~30-40k stock over a few years and ~10% bonus
When you reach manager - base will rise to ~150-160k
Not bad at all.
It's funny that SWE of equal caliber after 2 years are making 300k+ all-in if they job hopped once, and this forum still shits on tech as if they cap out at 150k.
Yeah, but most cap out at around 300k (before stock appreciation) unless they keep hopping/breaking terminal level
Not true. Very straight forward to rise up to more senior levels if you’re ambitious and smart, all while working humane hours.
Take google and fb for eg: Google terminal is L4 and FB terminal is E4 or E5, if you want to advance past that you need to have taken a major role in a project that has quantifiable impact - which often comes down to a combination of politics and luck. Also it's harder in bigger companies because almost every "impactful" project has already been identified and done by people who used it for their own promotion
Also that's given that you're actually good at coding, which is rarer now because they hired a bunch of people who only did boot camp and leetcode to pass interviews, and they really suck
What are the hours typically? 40-50?
Depends, varies between firms
You might work 3 hours a day in Google and much more in FB and much much more in startups
I'm at a tech company (not really "Big Tech" but between $50-75B in market cap) as a junior on the corp dev team making around $150k all in, all cash.
How many hours is typical?
~50 on average probably.
How many YoE and any perks?
1.5 YOE. No real perks unless you count the standard 401K, healthcare, ESPP, etc.
Overall how would you reflect upon your experiences?
I feel like making the jump into corporate dev may take the trajectory we have in banking (ie being able to get better roles YoY, scaling pay YoY, etc) and stifles it. I am seeing that having a work life balance is becoming more and more important but don't have a good framework to evaluate what I am willing to give up in a career in TMT banking to go through and have a more relaxed life
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