CorpDev to PE?

Based on the most helpful WSO content, transitioning from CorpDev to PE/Growth/VC is challenging but not impossible. Here are the key takeaways:

1. Feasibility of Moving to PE/Growth/VC After CorpDev:

   • Moving to PE from CorpDev is generally rare and difficult. PE firms often prioritize candidates with IB or direct PE experience due to the faster pace, higher attention to detail, and technical rigor required in PE compared to CorpDev.
   • Your IB experience is a strong asset, but the challenge lies in convincing PE firms that your CorpDev experience is directly applicable. You'll need to highlight deal experience, industry knowledge, and your ability to manage the entire deal process (e.g., diligence, integration, etc.).
   • If the CorpDev role is in a different industry than your IB experience, it may further complicate the transition. PE firms often value deep industry expertise, so aligning your experience with the target PE firm's focus is crucial.

2. Buyside Roles After CorpDev:

   • After 1-2 years in CorpDev, you could target associate or senior associate roles, but this depends on the quality and relevance of your deal experience. Firms that focus on the industry of your CorpDev role or have a niche focus may be more receptive.
   • Smaller or niche PE firms, particularly those investing in the same industry as your CorpDev role, might be more open to considering you. Highlighting your end-to-end deal experience and strategic insights will be key.

3. Returning to IB:

   • Returning to IB after CorpDev is feasible, especially given your prior IB experience. However, the longer you stay in CorpDev, the harder it may become to re-enter at the same level. If you decide to return, aim to do so within 1-2 years to maintain relevance and technical skills.

4. Additional Considerations:

   • If you aim for PE/Growth/VC, consider pursuing an MBA after your CorpDev stint. A top-tier MBA can help reset your career trajectory and open doors to post-MBA roles in PE or Growth Equity.
   • Networking is critical. Build relationships with PE professionals, especially those with similar backgrounds, and leverage your IB and CorpDev connections.

In summary, while transitioning from CorpDev to PE/Growth/VC is challenging, it is possible with the right strategy, networking, and focus on aligning your experience with the target roles. Returning to IB is also a viable option, especially if done within a short timeframe.

Sources: CorpDev to PE prospects - creating a long-term map / success stories, Anyone actually like their corporate development job? (Post -IB), CorpDev -> MM PE?, Entry Level Corp Dev Exit Opps, The logic behind going into a Corp Dev/Strat for work-life balance?