The mining company has a mkt cap of about 500mm. Which one has the most potential in terms of career progression? I would eventually like to have a management role in a mining company or cover the industry in banking or ER.
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no input?
what do they mine ?
How does back office ever make sense if you have another job that is more substantive?
Accepted the corporate development job. Am I able to leverage this experience to go into banking?
You 100% made the right choice, and yes - you will be able to leverage the experience for banking
Many of the skills you'll develop in your mining Corp Dev role are very similar to what a junior banker does in a mining coverage group - industry knowledge/trends, views on commodity prices/demand/supply, developing technical knowledge (e.g. proven vs probable reserves, head grades, processing methods, cash costs etc) operational benchmarking (and things like how to calculate equivalent reserves+resources), valuation (especially how to model mines, calculate P/NAV etc), due diligence etc.
I would work hard and take on as much responsibility you can at your corp dev role. Keep your market knowledge up and stay in touch with your friends at the banks - when lateral opps open up, you'll be well positioned.
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