Have two offers post IB stint, pay is similar for both.
Corp dev at a small bank in NYC vs Corp Banking at a LMM firm in Charlotte.
Which would give me the most optionally, and where I could learn the most?
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Corporate banking seems like a harder path to get back into M&A if that is what you want. Corp dev is at least getting some time with M&A processes, depending on how active the firm is.
curious, but do you think the pivot from that corp dev role could be done to IB
This is simple to me. Do you like sales and client advisory? Corporate Banking. Do you like financial modeling, due diligence, and the idea of focusing on growing one company? Corporate Development.
The key is to know yourself, I see too many people make the mistake of choosing a career path based on negligible comp differences. instead, focus on where your skillsets and interests align.
For what it's worth, comp upside will be higher in Corp Banking if you make it to a revenue generating position and are successful. You can do well in either one though, so again, focus on what you're good at. You don't make real money until you're at a senior level in either. Choose the path with the greatest probability of long-term success based on your talents. Exit ops are overrated, you'll be fine either way.
One important note to distinguish, my post above assumes the Corporate Banking role is on the sales/coverage side. If it's underwriting/portfolio management then it's a different calculus. Same thoughts as above, but Corp Banking will obviously be more credit focused while Corp Dev will be valuation and strategy.
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