NextEra Corporate Development
Hello, has anyone worked or knows someone who has worked with Nextera's corp dev team? I am considering a move from Investment Banking to Nextera, and need thoughts about the team, moving to Juno Beach and salary expectations for Directors. Thanks.
In my experience, the best way to due diligence a corporate development job is to look up the professional backgrounds of those directly above you and directly below you. The worst corp dev roles are ones where you end up working in close proximity with a boss who brings the full IB culture and expectations to a company so you end up working the same sweaty hours for half the pay. You also want to look at who would be reporting to you so you do not get the double whammy of IB expectations with no one to support you, like normal corporate people who do not know you have to work weekends during live transactions to get them done.
This is helpful. Thanks.
Happy to hear from others too.
This post is contradictory… you’re saying you don’t want to work with IB people because they bring too intense “culture and expectations”… you’re saying you don’t want to work with non-IB corporate people either because they won’t work weekends… if you think IB people are bad and non-IB people are bad, then who the hell do you want to work with?
i think you should re-read the OP and my response because i think you are misunderstanding the conversation. i am not stating my preferences here, i am merely trying to give OP advice on evaluating corp dev roles regardless of the company. i am telling him or her to make sure they dont end up in a corp dev role where their boss brings the IB expectations but the support staff they will receive works under non-IB expectations. why? because then OP will be in an even more sweaty situation than IB where the work and hours expectations are IB level but without the quality and work ethic of juniors they would typically get staffed with in IB and for half the total compensation. this is a common reason why a lot of IB folks come back to IB after a corp dev stint.
I would also add to talk to people who have left in the past year or two. Go LinkedIn stalk them and talk to them. Former employees are far more likely to be honest about what it is like to work there than current employees
What level are you in banking? Do you cover power?
if you cover power you shouldn’t be asking this question
Please say more, why should an IB associate not ask this question?
You have zero shot at a director level role as an IB associate. IB associate to F100 level director doesn’t happen in energy/power.
if you’re not in power they probably won’t even interview you - but that should be obvious
No info on their CD team specifically but their office/campus is cool.
Been there for an interview before and got a tour, has everything you’d expect from a major corporate office campus like a big gym, food options, etc.
Thanks for sharing, this is helpful.
Update here? Did you get the offer?
.
Super helpful. Thanks!
I don't know if they've had trouble filling those roles or what because they were hiring Corp Dev about a year ago as well. The recruiter told me it was 5 days a week from the office in Juno Beach which I wasn't interested in so I didn't progress any further.
No, but I was thinking of making a post asking what the exit opps would be from a Houston IB Energy group. I know it’s important to note which bank so let’s assume upper MM. Do you have any ideas?
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