Is Corporate Development Different From Business Development?
Hi,
I was doing some reading and/ stumbled upon a division in finance called "business development" which doesn't seem 100% the same as "corporate development". Now, as stupid as this sounds, I read the two pages on wiki and it seems that business development seems more like something a consultant does: namely doing due diligence, researching the broad scope of the environment and working with the business holistically to make decisions (akin to management) while corporate dev seems like a very finance-heavy, M&A-oriented work. Is this a fair assessment or am I way off? If they are separate groups, what would be the way to get into business development as I think this seems more interesting than corporate development? I'd imagine MBB consulting would be an obvious feeder, but any others?
really depends on the company. business development is a very large umbrella. in some companies, corp dev. is internal m&a. some companies, internal m&a falls under corporate finance. in some companies all of what u described is under one group. regardless, u geenrally need some work experience in ib/consulting
.
bus dev is sales (in most places). corp dev is like strategy/finance
Can someone else add anything to this ? My understanding is that Business Development at a Startup is basically Sales. Business Development at a more mature firm is usually M&A-type work.
Wouldn't business development be more internal consulting rather than internal M&A?
it all depends on the firm. IBM bus dev. is mostly sales.
At my consulting firm, we have a position called Business Development Executive, and these guys are responsible for bringing in clients.
.
How do you get into corporate development/strategy?
This is the choice of everyone
Et totam aut ut veniam. Nihil iusto molestiae veritatis est modi perspiciatis qui. Vero debitis et nihil consequuntur qui repellendus nemo. Qui ut corporis consequatur ducimus nobis rerum. Exercitationem enim culpa ut aliquam quisquam harum. Enim voluptas dicta laudantium.
Ipsa nostrum consequatur et. Animi sed est autem earum ex fugiat. Autem quis rerum sit totam a eveniet. Temporibus velit ipsum tempora temporibus.
Rerum in fugiat aperiam voluptas vero. Voluptatum dolores sit ipsam nulla veniam. Voluptas ducimus at quo maiores dicta sunt excepturi. Nulla velit commodi ipsam iste facilis voluptatibus sed. Rerum magni suscipit voluptas aut. Illum eligendi voluptatum repellat expedita ratione. Sed voluptas dolores et minus distinctio. Dolorum dicta quidem modi.
Voluptatem vitae delectus quasi ut dignissimos et tempora. Dolores nihil possimus beatae fugiat voluptatibus. Excepturi tempore qui tenetur ut. Magni commodi quia molestiae amet sed laudantium iusto eum. Qui at reiciendis voluptatibus rerum libero totam omnis saepe. Unde dolores blanditiis quo dolor beatae corporis non.
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...