IB Business Development

In browsing other posts there’s been some comment on Business development in IB but haven’t seen much. I wanted to get others thoughts on IB Business development.

The way I understand this specific role is that it’s more of a sales role in that you’re making calls/creating touch points for FAs, PE firms, Mezzanines, MMS, Law firms and other COIs to either raise debt/Capital, but mainly for those selling businesses (between 50-500 mil).

I have 2 questions on this: I know Bus Dev is a new/rising part of IB so is this another interesting part of IB for those with more of a sales background/skill set or is this tagged as a part of IB but really has nothing to do with it? Also any light that can be shed on this opportunity or Bus Dev in IB would be much appreciated!

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