What Comp Should I Aim For?
Looking to move into Corp dev after completing 12 months in MM investment banking as an analyst.
What comp should I mention to recruiters? Is 150k doable?? FYI, I’m wanting to move to a T2 city (Chicago/Houston/Dallas/Atlanta)
Based on the most helpful WSO content, transitioning from MM investment banking to corporate development in a Tier 2 city like Chicago, Houston, Dallas, or Atlanta, a $150K total compensation target is reasonable but slightly on the higher end for someone with 12 months of experience.
Here’s a breakdown of what you can expect: - Analyst/Junior roles in Corp Dev: Typically range from $90K-$120K total comp (base + bonus). - Mid-level roles (e.g., Senior Analyst/Associate): Can range from $125K-$150K+ total comp, depending on the company and industry.
If you're targeting $150K, it might be achievable if you're moving into a Senior Analyst or Associate role, especially in a highly acquisitive company or a competitive industry. However, for an entry-level Corp Dev role, you might need to adjust expectations closer to $100K-$120K.
Sources: The Other Road: Corporate Development Associate Fielding Questions, Corporate Development Manager - Q&A, Corporate Development Manager - Q&A, Corporate Development: My Experiences and Background, Toronto - Boutique Investment Banking Compensation
Could you give more information? Group, desired area to live in? Do you want to join an acquisitive group?
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