5 Years experience in IB/PE, what title should I target in Corp Strat/Dev?

Thanks for any insight in advance. Currently an Associate in MM PE looking to make the transition into Corp Dev/Strategy (open to early/late/mature stage companies primarily geared towards tech). As title states, have five years total experience in IB and PE including direct management experience of more junior resources/teams. When applying for jobs in corporate dev/strat, what title should I be targeting that is aligned with this level of experience?

I've received looks/interviews for everything from "Manager" to "Director" ranging from early stage businesses to F100 companies. Acknowledging that title/role varies heavily from place to place, but is there a particular hierarchical position I should be asking for that (i) doesn't undersell my experience and (ii) avoids underachieving expectations?

Any insight for those who have made a similar transition, or have helped onboard similar types of candidates, would be really appreciated!

Comments (10)

Jan 23, 2021 - 9:17pm

If you switch careers you'll probably have to come in as an analyst again. Best case scenario an "experienced" analyst. Best advice to you would be pursue a compliance/risk role if you want to taste that juicy Work/Life balance and still bring in a ~30% bonus

Jan 25, 2021 - 8:49pm

You'd prolly be able to be a Manager / Sr Manager and possibly a Director at some companies. Some companies don't even have a "manager" title and that Director would manage the associates & analysts on the Corp Dev team and then the Director rolls up to the VP of Corp Dev

FYI: VP of Corp Dev = a MD in IB

  • Associate 2 in PE - LBOs
Feb 19, 2021 - 4:27pm

Thanks all really appreciate the responses. Sounds like Manager/Senior Manager is fair game here.

I know compensation varies widely but any sense what would be fair for this position at a F500 non-FAANG role in a high COL city? Have gotten reads all over the place (including on this forum), so any color would be very helpful here.

Feb 21, 2021 - 8:57pm

my guess is something between $150 and 200k (maybe top end a tad higher?), factors as usual being the relative importance of M&A to the company (strategic / P&L contribution), and who controls acquisition strategy / sourcing. also industry, ex. tech typically pays more.

  • VP in IB-M&A
Feb 21, 2021 - 11:37pm

I've had two separate corporate development stints at publicly traded companies (I left at Director level and had no IBD or PE experience). 

Depending on the company, I think you should be looking at Director roles and I wouldn't hesitate to apply for VP level roles. 

Maybe a manager or Sr. Manager at a tech company that's very competitive (FAANG). 

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