Internal strategy and M&A at a BB

Did a pretty extensive search but there wasn't too much information out there. Can anyone provide some color on the pay/lifestyle/exit opps at internal strategy/M&A desks at BBs?

It seems like at some banks, this desk is more of a back office role with very good hours but minimal bonuses. While at other firms (like MS's FSE or GS's internal strategy/M&A group), these groups really shape the direction of the firm, work borderline banking hours and get paid like bankers. At some firms, these groups have a fair share of ex-BB bankers and MBB consultants.

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