4 Comments
 

ppl want to jump from CorpFin to IB until they realize the jump isn’t a step up it’s a fucking trench crawl through broken glass, and most don’t make it.

read this--

Corporate Finance ≠ Investment Banking

You’re not doing deals. You’re not building sell-side books. You’re not running M&A processes. You’re building budgets, tracking variances, and reporting to people who might report to people who matter.

CF vs. IB Core Differences

Corporate Finance:Work Product

Forecasts, budgets, variance decks

Hours

9-6, maybe spikes during close

Stakeholders

Internal (Ops, CFO, BU heads)

Comp (Early)

$80–120K

Exit Opps

Stay in corp, maybe CFO in 15 yrs

Investment Banking: Work Product

CIMs, LBOs, DCFs, merger models

Hours

90-110 hrs/week, every week

Stakeholders

External (CEOs, founders, PE, boards)

Comp (Early)

$150–250K + $50–150K bonus

Exit Opps

PE, VC, HF, corp dev, anything good

You're not in the arena,you're watching from the mezzanine.

Still wanna get in-

  1. Your title is worthless. “Finance Manager” at a F500? No one cares. You’re not deal-tested, and that’s all that matters.
  2. You’re taking a step down. Expect a title cut, pay cut, or both. If you’re not ready to eat shit for 2–3 years, forget it.
  3. Your skills don’t transfer. You’ve never run an LBO, never priced an equity raise, never built a merger model. Learn or stay out.
  4. You don’t have deal reps. Your budgeting cycles don’t count. You haven’t been in a war room at 2AM or seen a deal die on the finish line. They have.
  5. You’re not special. You’re competing with GS, JPM, Moelis analysts who’ve been bleeding for deals since they were 21. Welcome to the shark tank.

Realistic Paths which *may*work

  • Top MBA> IB Associate (expensive, still competitive)
  • Valuations / TAS / TS >Boutique IB>Lateral up
  • CorpDev >Deals> IB or stay in-house
  • Under 26? You might sneak into analyst seat if you network like a psycho + model like a machine

Why Making the Jump Can Be Dumb as hell

1. Leaving Stability for Misery

In cFin, you have a life. In IB, your life belongs to a VP who texts you at 1AM asking why the “Sources & Uses” tab isn’t centered. You’ll get paid more sure but you’ll also question existence weekly. And that prestige? Worthless outside of finance bros and your LinkedIn echo chamber.

2. You're Probably Too Late

Trying to break in at 27+? You’re competing with 22-year-olds who’ve already been slapped around by deal flow. You're the “ops guy” trying to speak M&A fluently in front of career killers. The gap shows. Fast.

 3. The Pay Looks Good Until You Do the Math

$200K sounds great until you’re working 100-hour weeks. That’s $40/hour. Less than a union welder with none of the freedom and 5x the anxiety. You’re formatting footnotes while your friends in cFin are chilling with equity grants and long weekends.

4. The Exit Dream Is Overplayed

Everyone thinks they’ll do 2 years in IB and jump to KKR. Reality: you’re not getting into PE unless you came from a top group and actually closed deals.

You’ll likely end up back in corpdev at a worse lifestyle-to-comp ratio, just older and with caffeine-induced tremors.

 5. You’re Thinking Ego,not outcome

Most CorpFin-to-IB moves are driven by FOMO, not strategy.

“IB sounds cooler.”
“People will respect me more.”
“I’ll finally feel like I made it.”

Cool story. Meanwhile, your CorpFin peers are stacking RSUs, climbing ladders, and getting actual decision-making power while you’re editing pitch decks for deals that won’t close.

 6. Long-Term IB Is Hell Unless You Make MD

VPs are overworked and under-respected.
Directors are middlemen getting squeezed from both sides.
MDs? Sure, big pay but they’re constantly pitching, politicking, and praying a deal lands to stay relevant.

If you don’t rise fast you burn out.

That being said- you can make the jump.But don’t kid yourself 90% of people trying to go CorpFin> IB are wasting their time chasing clout that won’t matter in 5 years.You ll eat shit for 3 years, sacrifice your sanity, and probably land right back where you started just with a thinner hairline and a broken soul.

 

suicidalnorthkorean

great advice, appreciate you looking out. puts things in perspective, thank u a ton m8

nothing personal towards you, have seen similar pivots in the past but 7/10 times they dont workout well...dont get into IB or any job while money being the sole factor

 

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