Manager of Corp Dev vs. Sr. Manager of FP&A Pre-IPO — Please Help Me Decide!
Hi all — I’m fortunate to have two really strong job offers on the table, but I’m completely torn between them and would love some perspective from the community.
Background on me: I've always been interested in M&A, but I also really value strong mentorship and long-term career growth. Both roles are compelling in different ways — one is more aligned with what I’ve always wanted to do, the other offers broader optionality and potential upside.
Here’s a quick overview of each opportunity, along with the pros and cons I’ve outlined so far:
Job Offer 1:
Title: Manager of Corporate Development & Strategy
Location: downtown metro (~45 min bus commute)
Compensation: $135K base + 15% bonus target (potential for up to 45% based on company performance)
Overview:
This role is on the M&A team at a publicly traded company. While deal volume is low, the transactions are large (up to $1B+). The team seems collaborative and aligned with my values, and the office location is ideal — I could commute with my girlfriend and possibly meet her for lunch. M&A is something I’ve always wanted to do, and this role offers the chance to build a strong foundation in it.
Pros:
- Direct M&A work — a long-standing career goal
- Strong, collaborative team culture
- Ideal downtown location with easy commute
- Public company with large, meaningful transactions
- Opportunity to grow within Corporate Development
Cons:
- Slightly lower compensation
- Fewer deal reps due to low volume
“Manager” title (vs “Senior Manager” elsewhere)
Job Offer 2:
Title: Senior Manager of FP&A
Location: Suburbs (~60–90 min commute by car)
Compensation: $140K base + 10% bonus + stock options / net carryOverview:
This is a senior FP&A role at a large, PE-backed company planning to go public in the next 18–24 months. I’d work directly under the CFO, who I really admire. The role offers significant exposure: helping take the company public, potentially transitioning into M&A, or even joining the CFO in future ventures. The stock options could potentially be very lucrative depending on the IPO outcome and company performance, though hard to quantify right now.Pros:
- High visibility role reporting directly to the CFO
- Exposure to IPO process — rare and valuable experience
- Strong mentorship and career path flexibility (M&A, CFO track, etc.)
- “Senior Manager” title
Stock options with potentially significant upside
Cons:
- Long commute by car, inconsistent with my lifestyle preferences
- Not doing M&A initially
Equity upside is not guaranteed — depends on IPO outcome and company performance
Would really appreciate any thoughts — especially from folks who’ve been in Corp Dev, FP&A, or have made a similar call between public company structure and pre-IPO upside. Thanks in advance!
Based on the most helpful WSO content, here’s a breakdown to help you decide between the two offers:
Key Considerations:
Career Goals and Alignment:
Compensation and Upside:
Mentorship and Growth:
Lifestyle and Commute:
Recommendation:
Final Thoughts:
Ultimately, this decision comes down to prioritizing your long-term career goals versus short-term lifestyle preferences and potential upside. If M&A is your passion, go with the Corp Dev role. If you’re open to broader career paths and willing to take a calculated risk on the IPO, the FP&A role could be a game-changer.
Sources: Corporate Development Manager - Q&A, Compensation Structure at the mid-management level in Corporate Development / Strategy / Finance, Corporate Development Manager - Q&A, Post MBA Corp-Dev/Strat, Corporate Finance Q&A with accountingbyday, BJM85, STorIB, and djfiii
Similique facilis cumque sunt et unde iure corrupti. Unde aliquid quis earum qui voluptas tempora omnis. Id cumque veniam nesciunt ut.
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...