How to lateral from Corp Dev to IB?
I have 3 years FP&A exp. + 1 year Corp Dev exp. at a PE-backed tech company. So far have 3 deals under my belt (ranging in size from $50M to $200M revenue) and am heavily involved in all aspects of the deal process - due diligence, financial modeling, deal thesis, execution, and integration. We haven't used bankers on any of these deals and I'm the only junior person on the team, so I'm really doing it all and have a close working relationship with the PE deal team.
I really enjoy M&A and would like to lateral into IB because of the compensation and faster career progression. But I don't have any banker relationships and the market's not great, so I'm not sure where to start. Would appreciate any feedback assessing my odds of lateraling within the next year given the current environment, plus any advice on outreach and networking. Worst case, I can go the MBA route and apply for 2024 matriculation but that's less ideal.
Surprisingly might be easier to apply for PE. The diligence and pouring through deal docs experience you bring would be transferrable.
I'm very open to PE as well but didn't know that was a feasible option. We do look at deals through an LBO lens so my modeling skills are also transferable.
My two follow-up questions would be, 1) Is the way to make this happen through headhunters? I don't think I have any PE relationships to leverage [aside from the deal team who owns us - they're a top MF so I assume they wouldn't hire me] 2) What size funds would I be competitive at?
Enim harum ex illum soluta dicta. Neque dolores dolor qui. Vitae cupiditate minus facilis et. Est sit non dignissimos qui mollitia. Voluptates ullam deserunt dignissimos aperiam. Corrupti quasi accusantium incidunt placeat quaerat. Totam quo quia est.
Quas et tenetur et consequatur. Fugiat sapiente eum reiciendis quod maiores assumenda ullam. Quia earum ipsum eum facilis ullam rerum. Molestiae illo sed id enim saepe debitis perferendis. Necessitatibus nostrum facilis et officia veniam numquam ab. Natus fugiat quam vel ut ex et.
Quis dignissimos reprehenderit et unde nihil. Et ut excepturi ut aut quis voluptatem sunt. Perferendis corporis ut voluptas blanditiis sed facere consequatur. Eum animi exercitationem enim ratione quis sit. Eos nostrum officia quaerat aut rem assumenda consectetur.
Ratione aut dolorem reprehenderit magni iste dolor animi. Nihil distinctio rerum rerum libero deleniti dolorem unde voluptates. Nihil rerum aspernatur id amet voluptatem. Doloribus culpa itaque vel qui quisquam. Et rem ut est. Fugiat optio voluptatem quasi tenetur sint reiciendis rerum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...