Difference between IB desk strategist vs. IB corporate strategy
It would be great if someone can explain the difference in responsibilities between desk strategist (Equity/FICC) of an investment bank vs. corporate strategist of an investment bank. It seems that banks have their own corporate strategists, but why is there a need for internal group strategists when banks have FO roles specific to developing strategy?
Corporate strategy = internal consulting, working closely with management developing analysis and conclusions for things like which new markets to introduce a product to, wallet, plan to enter the region, etc. (that would be one example). Many people in this group have MBB backgrounds or in some cases, IB backgrounds as the corporate development function is closely related.
Desk strategist = providing a view on the product / sector you cover to the street. In some ways, I think of it as a research analyst without the publishing.
Disclosure: I'm less certain of the desk strategist role, but that's my understanding. IB corporate strategy I'm acquainted with first-hand as I worked in one of those groups at an investment bank.
@businessgreek Did you exit to IB strategy from MBB or did you networked your way in? Curious to hear how ou liked the experience since it sounds like you are no longer on IB strategy.
I joined the IB strategy role straight out of college, and have since transitioned to a different role within the bank. There are already some really good AMAs out there on the corporate strategy function; the only flavor I'd add is that in IB the products / services you are looking at are investment banking products (debt, equity, M&A) as opposed to some consumer good or whatever.
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