Boutique with strong upside or Corp Dev with steady salary?

Based on the most helpful WSO content, here are some key considerations for your decision between staying at a boutique with strong upside or moving to a corporate development role with a steady salary:

Boutique IB Upside:

• Potential Earnings: You mentioned the potential for serious fee revenue, ranging from $500k to over $1 million, with you receiving ~20% post-overhead.
• Volatility: The "eat what we kill" structure means income can be highly variable. The last two years have been lean, but there is potential for significant earnings if deals close.
• Work Environment: You have a great working relationship with your team and a good support system for production and execution.

Corporate Development Role:

• Steady Salary: The corporate role offers a steady all-in compensation north of $400k, with some performance-based bonuses.
• Upward Mobility: There appears to be potential for career growth within the company.
• Work-Life Balance: Corporate development roles typically offer better work-life balance compared to boutique investment banking, with fewer hours and less stress.

Considerations:

• Risk Tolerance: If you have a higher risk tolerance and are comfortable with the potential volatility in earnings, staying at the boutique could be rewarding.
• Financial Stability: If you prefer financial stability and a predictable income, the corporate development role might be more appealing.
• Long-Term Goals: Consider your long-term career goals. If you aim for a more stable and predictable career path, corporate development could be a better fit. If you thrive in a high-risk, high-reward environment, the boutique might be more suitable.

Advice:

• Evaluate Your Priorities: Assess what is more important to you at this stage in your career—potential high earnings with volatility or a steady, predictable income with growth opportunities.
• Consider the Market: Given the current market conditions and your recent lean years, weigh the likelihood of future deal closures at the boutique.
• Personal Circumstances: Reflect on your personal financial situation and any obligations that might influence your decision.

Ultimately, the decision should align with your risk tolerance, financial needs, and career aspirations.

Sources: Corporate Strategy vs Corporate Development, Investment Banking Analyst: A True Day in the Life, PSA: Consider Regional Boutiques. Good Comp + Lifestyle, Boutique vs. Bulge Bracket in a Recession, Torn between two job opportunities