Corp dev / strat fin job market

Worked in top BB IB and currently at UMM/MF PE firm. Given market for PE is tough these days, how hard would it be to find a role in corp dev or strat fin?

What do these roles pay with the experience of 4YOE across IB and PE?

Thanks!

7 Comments
 

Based on the most helpful WSO content, here's what you need to know:

Transitioning to Corp Dev / Strat Fin from IB and PE

  • Market Conditions: The market for Private Equity (PE) is indeed challenging currently. However, transitioning to Corporate Development (Corp Dev) or Strategic Finance (Strat Fin) roles is a viable option given your background in top-tier Investment Banking (IB) and Upper Middle Market (UMM) / Mega Fund (MF) PE.
  • Experience Relevance: Your 4 years of experience in IB and PE will be highly valued in Corp Dev and Strat Fin roles. These roles often seek candidates with strong financial modeling, deal execution, and strategic analysis skills, which are core competencies developed in IB and PE.

Compensation Expectations

  • Pay Progression: While specific salary data for Corp Dev and Strat Fin roles isn't detailed in the provided context, it's noted that pay in these roles can be competitive, especially with your level of experience. Generally, compensation in Corp Dev and Strat Fin can include a base salary, performance bonuses, and sometimes equity or stock options.
  • Comparison to PE: The pay progression in Corp Dev and Strat Fin might not match the high potential earnings in PE, especially at senior levels. However, these roles often offer better work-life balance (WLB) and job stability.

Additional Considerations

  • Work-Life Balance: One of the significant advantages of moving to Corp Dev or Strat Fin is the improved WLB compared to IB and PE. This can be a crucial factor if you're looking for a more sustainable career path.
  • Exit Opportunities: Corp Dev and Strat Fin roles can provide diverse exit opportunities, including senior management positions within corporations, which can be appealing if you're looking to broaden your career horizons.

If you need more specific salary data or further insights, you might want to explore the WSO Company Database or other career resources available on Wall Street Oasis.

I'm sorry, but it looks like this may be out of my ability to answer... maybe some of the links below might help?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Most Helpful

It is very doable. I personally know of a significant number of companies hiring for corp dev roles.

Broadly speaking, corp dev teams have the following hierarchy: analyst, manager, director, VP. This roughly lines up with the following from IB: analyst/associate, VP, D/MD, group head.

4 years of IB/PE puts you pretty solidly in the analyst/manager level. For larger and more sophisticated companies, you will more likely slot in as an analyst. If you are willing to move more down market, you are more and more likely to be able to finesse a manager level role.

You will most likely be taking a significant pay cut. It depends on the company, but there is a very good chance that you will be making less than $200k salary + bonus (ignoring any signing bonus). 

 

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