8 Comments
 

From my limited experience in an F500 M&A role...

Hours around 50, more before board meetings and during a deal, but nothing insane really, 70 hours tops, and maybe once or twice a year depending on how many acquisitions they do.

Pay - Analyst - probably 70k, senior analyst 75-85k, manager 100k+, also depends on region/industry/etc...

Hope thats helpful.

 

Yes. Hours will be much less than PE generally, but you won't make as much. I've heard around 50 hours a week as well, but all in pay is usually higher than the above post. From the headhunters I've spoken with, comp for someone in a senior analyst type role (which you'd be look at coming out of IB) would be 80k base + 10% bonus on the lower end to a little over $100k + bonus on the higher end. All in, you'd probably be a bit below or flat compared to an IB analyst, but you'd be working ~50 hours a week instead of 80+.

 

My experience is that the pay is a decent amount lower than IB. The salaries I've seen are similar to what Khalid stated.

I also agree that hours are 45-50 hours most weeks and more if you're getting more serious on a deal.

twitter: @CorpFin_Guy
 
"accountingbyday"

My experience is that the pay is a decent amount lower than IB. The salaries I've seen are similar to what Khalid stated.

I also agree that hours are 45-50 hours most weeks and more if you're getting more serious on a deal.

Could be the case. Most that I've been contacted about have been all in 90-100k, with the occasional one paying a bit closer to IB. Not sure how many IB analysts would take a corp dev for 70k all-in, but maybe it happens.
 

Yeah, I think the pay is highly regionally dependent as well, and in NYC, SF, LA a sr. analyst could probably pull down close to 100k all in, but honestly thats probably the exception rather than the norm.

I interviewed with a large financial institution/MF for a corp dev/corp strategy role and they told me they wanted to pay 55k, for someone with at least 2-3 years IB or MBB experience... I literally laughed at the HR rep.

One other bad think about corp dev, depending on the company, is that if their business is highly cyclical you may never even do a deal in 2 years working there and spend all your time monkeying with strategy presentations and other stupid sh*t.

There are some positives though (like fewer hours).

 
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