What does the career path look like for investment banking business development?

I recently discovered my love for PE and startup BD roles and while searching for some postings I came across a couple BD jobs at EBs and MM boutiques. Duties include being involved in capital raising, prospecting and pipeline management, supporting pitch deck creation and developing knowledge of the buy-side universe. I have a background in PE/VC and SAAS startup BD. Recently sat down and realized I love being on the social/sales side of the street and grind it out constantly talking to new leads, especially when I'm selling a great product or the services of a proven firm.

What does career progression in this type of role at a bank look like vs say PE BD at a place like Summit/AKKR?

Will having exposure to rx and strategic advisory in a BD role potentially help me access credit/distressed buy-side opportunities after a few years?

Do these types of roles have a shot at moving to UMM/MF PE or would that require an MBA rebrand first?

2 Comments
 

Labore ex minima quia mollitia cum rerum. Placeat asperiores blanditiis perferendis iusto at placeat voluptas. Molestiae delectus sapiente et vel quis dolores.

Et est praesentium necessitatibus labore ut iste. Porro ut est minima explicabo porro libero. Non beatae reiciendis vel ipsum. Placeat vero commodi ea nostrum.

Laborum cupiditate rem iure vel. Ipsam temporibus nam quia atque culpa ut doloribus assumenda. Iure alias pariatur et qui non. Distinctio ut facilis dolorem est est. Delectus necessitatibus voluptatem dolor vitae at quia. Deleniti ab dolores voluptatem nam delectus sunt.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”