Why do so many post-mba and former IB/PE people go into corp dev? I understand the lifestyle is a lot better but still - from what I've read you're making about as much as a 1st year analyst. As I've come across many times on LinkedIn creeping, why go from a mega fund to a F500 role making literally 50% as much?
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Because people realize eventually money isn’t everything and they like seeing their friends and family
what title are you comparing to 1Y analyst?
Associate - Corp Dev, or something like that
Lifestyle and the experience is quite good. You basically get to run the show on quite a few deals.
I went from mid market M&A to corporate M&A (associate role). Now, some years later, I am Head M&A of the same company, a multi billion enterprise.
Obviously took quite a hit, pay wise. Nonetheless, best decision I have ever made in my professional life.
Corporate Development - Do you need IB experience? (Originally Posted: 12/29/2006)
How hard is it to move into corporate development from corporate finance from a fortune 500? Or do you have to have Ibanking experience to move into the corp dev?
I have worked in corporate development at a fortune 500 company for 2 years now (though I will soon be moving over to IB). Our team has no bankers on it. Instead, the head of our department prefers either industry knowledge (this is Pharma, so there is a ton of industry specific knowledge that you have to understand) or rigorous accounting background.
His opinion is that banking is more about just doing deals fast (and frankly, the junior people aren't the ones actually doing the deals) where as CD is about making strategic, Accretive acquisitions for the company. Therefore, I'd say you have a chance depending on your industry and the exact nature of what you do.
It also obviously helps to know someone. This is especially true since most CD departments are no more than 5-10 people and there may only be 1 spot for someone just getting into it. If you do the math, you'll realize that this is a fairly difficult thing to get into because there just aren't that many jobs out there in it. Your best bet is to try to meet someone in it in your own company and move internally.
Bump.
Working at bulge bracket's corp development (Originally Posted: 06/24/2008)
What is the general opinion on working in your bank's corporate development group (i.e. internal m&a, divestitures, business planning, etc) after a 2 year analyst stint? I assume that pay takes a hit but the work should be more intense and arguably more interesting than corp development at many other non-bulge bracket non-financial firms. Are the learning and exit opps worth the 2-3 year commitment? Or would it be better to either stick with front-office banking or move to buy-side? Thanks.
Very interested to get some insight on this topic as well...
Interested in this as well. Heard that a lot of FIG bankers fill in the more senior spots in these groups. The question however is, would it also be interesting at the analyst level? Any insight would be much appreciated
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