IB to Corp Dev then back to IB?
I started my career at a middle market IB before leaving as a third year analyst to join an acquisitive Corp Dev team (publicly traded healthcare company). I stayed there for ~5 years, making it to the Sr. Manger level before leaving to join a PE-backed enterprise software company (~200m revenue) as a Director of Corp Dev. The company was severely impacted by the tech market headwinds and ended up pulling the plug on M&A and laying off my team (in addition to many others). I sourced, closed, and integrated 2 tuck-in acqusitions, but the broader roll-up play never came to fruition.
I'm really craving more deal volume and a stimulating work environment. Is there a path back into middle market IB? If so, how realistic is it and what level roles should I be targeting?
Why would you come back to IB after 5+ years in Corp Dev?
You likely wouldn’t get a VP position so it’d be a setback progression wise. I’d imagine you’d be at a good comp number right now so you aren’t hurting financially.
Why not just join another healthcare or tech company or whatever at a similar position u were at prior to being laid off?
In this market VP is unlikely but was deff seeing this in ‘21. Kind of irrelevant for the immediate though.
Would you be going in as a senior associate? If so what would the comp be like compared to the other role? Have thought about going into corp dev as well but unsure what comp is like
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