Currently sitting on two offers (one from Corp Dev at a tech company) and a FoF (think Ardian, HarbourVest etc.)...
In terms of exit opps and WLB/comp, what would be the right choice?
I heard Corp Dev = a pay wall as it is hard to get to C-Suite. Thoughts?
| +116 | I think I’m logging off after ER visit | 23 | 19h |
| +97 | Is it Bad That I ALREADY Don’t Care? | 31 | 1h |
| +91 | Senior Banker's Guide to IB Recruiting / Group Placement (with a Healthcare Bent) | 10 | 6h |
| +81 | AI Creating More Work | 27 | 4h |
| +61 | Shit PWP Culture | 43 | 2h |
| +59 | Consulting Son or CorpDev Daughter? | 6 | 4d |
| +44 | How easy was recruiting for you? | 21 | 4d |
| +36 | 22yo IB Analyst just had mental health breakdown | 11 | 1d |
| +30 | How tf do i control a stutter? | 14 | 2h |
| +29 | Uchicago is paradise | 4 | 1h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Is the FoF job primaries or would you also look at secondaries & co-invests? FoF is pretty qualitative and slow, but very solid WLB. More interesting deals (and longer hours) come w Secondaries & co-invests
It would be more primaries (I hear the more qualitative side)…although I am not sure which career FoF or Corp Dev would stack up better in the long term...they are all a paycut from IB but trying to still set myself for a 300k 40-50 hour WLB down
Are you a post-mba associate? Your offers are getting you to $300k? Seems decent.
I don't have an opinion here. I just want to say congratulations on being a free man again.
spent 1 year+ in O&G Corp dev and it was literally 9 to 6 facetime and i had time for the gym in the afternoon.
but yes, you'll only be promoted when your senior leaves so get ready to be an associate for like 3 years and then VP forever until the director leaves or the business increase.
also thought i would share that I was scared that i would be redundant after 3+ years (if no M&A activity), but that might be not be relevant if you're in a huge ass company (my company was only 1 to 2bn USD Mkt cap thereabouts)
how was comp? where did you move into ultimately?
Comp was definitely below market materially, but then again, there were days i barely worked.
O&G was fucked given covid (our company sold jet fuel in some areas and operated in more funky geographies), got retrenched. Moved to MM M&A sell side with lower hours and lower pay vs BB because i thought covid will fuck the economy. guess i was wrong, have been getting calls to interview constantly now and tbh, not so sure if i want to slog it out in BB.
You’ve got an offer for 300k doing manager research at a FoF…..? Sounds like a nice cushy gig tbh.
IMO if you value WLB take FoF, if you value personal development / growth take Corp Dev.
In terms of Comp, it's likely to be a tie (although I would think corp dev the ceiling is easier to reach).
AM vs Corp Finance
Bumping. Interested in comp, career flexibility, and what the day to day looks like in a FoF shop.
Molestiae et odit veritatis omnis reprehenderit ut perspiciatis. Alias sit provident maxime animi ex. Quidem nemo dolores inventore libero dolor eum iure.
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...