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?
Ipsa temporibus occaecati est dolorem nihil. Voluptatem distinctio sapiente dolor quia. Sint perferendis rerum voluptatem asperiores ullam nam veritatis qui. Vitae quo at in excepturi officiis. Voluptatem possimus est ut ut fuga.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...