Corp dev offer eval / negotiation
Hey guys -
Just received an offer to join a corp dev team for ~$125k all-in comp. My initial impression was that this seemed somewhat low relative to offers that friends have received who have left banking for corp dev opportunities at similar sized companies (~$10b+ EV - NYC/CHI/LA).
Any tips on negotiating for higher base/bonus structure? Should I ask for equity as well as part of the agreement? In terms of YOE, have ~3 years MM IB experience and I'm thinking of making the argument that I'm leaving half of my bonus on the table to join the new firm and would push for $135-140k total comp, but not sure how much weight that holds given shitty bonuses last year (was expecting bonus of ~$60-80k this year based on last year's figures). Any input is appreciated!
Bump - interested
NYC and LA vs Chicago can be pretty different. Is this a tech company? If in NYC/LA and tech, on the low side with 3 years of experience.
NYC - and yes, pre-IPO tech company. Agree that it seemed low but trying to get an idea of what a reasonable range might be especially given market conditions right now in the tech world. From what I've heard, I feel like $125k base / $15k bonus is a number that seems more reasonable split considering YOE
Hey, just curious what does the progression look like? How do you expect total comp to scale from 125k next few years?
$125k all-in for NY corp dev at company > $10bn EV is not competitive
people get that in the south (Atlanta / Charlotte)
you should not take a base pay cut in NY - overcomplicates the rent requirements at 40x without a roommate
bonus target should be at least 15% as well
Thanks - good to understand. What would you think the base / TC range should be? $125k+ base and ~$145k all in?
Yeah that feels ok depending on how good the benefits are. Market is tougher now and employers know that
What are the hours? Grappling with a similar decision but with less experience in IB
Not 100% sure but assuming a material improvement over IB. 45-55 is what I'm expecting
Seems low for NYC/LA. They might be trying to low ball given the current market conditions.
Most of my experience has been at portfolio companies on a team of 3-5 people. Equity is usually not given until Director level.
Thanks man, helpful ranges. How many YOE did you have for these offers?
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