Comments (20)

Jun 23, 2019

Hi MedTechMonkey, just because I'm a bot doesn't mean I don't have feelings...I'm hoping these links are helpful. If not, feel free to throw monkey shit at me...

  • Exiting Investment Banking to Corp Fin / Corp Strat / Corp Dev Burner account. Thinking about exiting my lower bulge IB Associate coverage role to a corporate ... before going through networking / interview work? How long do you think an exit will take? I've seen ... others from my group lateral in what seems like a couple of weeks, buyside opportunities may take a bit ...
  • Corp. Dev. vs. MM IB? people are known to help find exits. Does F100 Corp. Dev. at an active acquirer set me up for PE better ... has historically had pretty good exits, I'm debating on whether to pursue an opportunity at ... from a target soon. I recently got an offer for an active corporate development team at a large energy ...
  • AMA: Non-target--> 2x SA at BB--> FinTech Corp Dev--> Corp Dev at a large company interested in S&T, so decided to accept a Corp Dev gig. It was a small team doing lots of tech stuff, and ... I found myself at the hottest corp dev team in town, getting lots of responsibility and running more deals ... join their M&A / Corp Dev team in a relatively senior position. Now, this company had grown to ...
  • Corp Dev / Corp Strat Salaries (and exit options) What are typical starting salaries for an entry-level corporate development or corporate strategy ... not promoted to senior management within the company? What are their exits? pay Salary ...
  • Corp. Banking > Corp. Dev.? Ultimate goal is corporate development or strategy. I know an IBD stint is the best starting ...
  • Equity Research to Corp Dev- Is it possible to make this switch? for someone in ER? exit opportunities Equity Research corporate development ... a corp development role at one of the companies in your coverage universe? Is it a viable exit strategy ... After working as an equity research associate for a couple of years, is it possible to exit into ...
  • Corp Dev vs Niche MM PE vs PE at Pension Fund / SWF (duh). But let's just go with it for the sake of argument): EMEA Corporate Development M&A at ... other expat-type perks Niche lower MM PE opportunity in sustainable infrastructure (kind of impact ... and exit opps also matter to me, potentially more than immediate comp. Help me out, guys (and girls)! ...
  • Corp. Dev to IB I'm currently a senior analyst for a healthcare company's corporate development team. ...
  • More suggestions...

You're welcome.

Jun 26, 2019

this is really difficult to answer since CD experiences widely vary.

better question to start is what is the scope of your role and responsibilities? Example -- will you be involved in the full deal cycle from sourcing to close, or will your CD team be outsourcing the bulk of the work and diligence to the sell-side, leaving your team ultimately responsible for project management and facilitation-type of responsibilities?

Jun 26, 2019

I do all the financial modeling. Someone on the team will source the deal then I work with various departments and build out detailed financial models. If it gets internally approved then we enter sign an LOI and i'll do the financial diligence. Another part of the team works on integration and facilitation-type responsibilities.

Jun 27, 2019

any idea the range of deal size? i.e. lower middle market?

Jun 26, 2019

Most common exit opps would probably be Corp Dev at another company, a role in a Corp Strategy team, an MBA if done within ~2 years, or taking a different role in Corporate Finance (e.g. Treasury or FP&A at a big company, a more operational finance role at a growth company)

Jun 26, 2019

Is CorpDev attractive when applying to top 10 b-schools?

Jun 26, 2019

It's not megafund PE but it's also not bad. What you've done for the last 3 years will also have a big impact.

Jun 28, 2019

Sorry I meant for exiting into other roles such as PE

Jun 29, 2019

I've heard of it happening but definitely tougher than the traditional IB>PE route. The ones that I've heard of that have made the jump went to a PE fund that was in the same industry as their CorpDev experience.

Jul 19, 2019

What you do will be attractive to top 10 b-schools, but make sure you also have an interesting story to tell. There are tons of dudes applying to b-school that have worked on deals either in CD or IB.

The thing is, why do you want to leave? B-school I get, it is a natural progression. However, people slave away in the sweat shops of IB and consulting for years just to get the job you are in now.
Undergrad -> IB/consulting -> CD
Undergrad -> IB/consulting/corp -> MBA -> IB/consulting -> CD

Also, sounds like you are in a really organized CD group and you are getting great exposure to deal flow and have clear ownership of parts of the deal. Careful what you wish for if you want IB/consulting. Looks glamorous, but you will be going from ~50-55 hours a week in CD to 75-80 hours a week, travel, etc.

Jul 25, 2019

Problem I'm finding with starting off as an analyst in CD is the progression - there is a huge gap of experience between me and the next person who was a VP in IB. I feel the only viable route of progressing is either starting off as an analyst again in IB or going to B school

Oct 17, 2019

You could stay for a bit longer, go to b-school, then banking after b-school, then back to CD as you stated to a higher CD role that requires more experience. Or go to banking now then b-school. Just remember my first point, you are more attractive not being another banker b-school applicant. Try to get involved in some strategy projects or help implement something. That will make you look different.

It is a lot like VC. There are junior people, then a gap in experience with a handful of post-MBA people, then next level (another gap) are people that have started companies!

Oct 17, 2019