Comments (28)

Aug 7, 2012

At many banks they are the same thing. Prepare yourself for sarcastic responses.

    • 1
Aug 7, 2012

whats the difference between a dog and a trash can

I didn't say it was your fault, I said I was blaming you.

    • 1
Aug 7, 2012

9

If the glove don't fit, you must acquit!

Aug 7, 2012

It's like a blue sunny hill but not as much ice cream, unless you like Giraffes

  • Dali
Aug 7, 2012

periwinkle and rosewater

Aug 7, 2012

what's the difference between an orange

Aug 7, 2012

What's the difference between a stripper and an exotic dancer?

    • 1
Aug 8, 2012
FormerHornetDriver:

What's the difference between a stripper and an exotic dancer?

I'm half hoping for a punchline

Aug 8, 2012
UFOinsider:
FormerHornetDriver:

What's the difference between a stripper and an exotic dancer?

I'm half hoping for a punchline

One is just doing it to pay for 'college'?

Aug 7, 2012

fuck all,
places that call it corporate finance tend to work on mid market/small deals, whereas both boutiques and BBs call it investment banking so that could be any size deal..

Damn you Rodger!

My WSO Blog

Aug 20, 2012

Investment banking is the broader term covering both the banking and markets side of things, Corporate Finance (or M&A) is a sub-area within Banking

Here is a link for further reading: http://www.gradnav.com/investment-banking-the-basi...

Aug 20, 2012

Nothing (if they're European firms such as Deutsch Bank, probably nothing even if they're American).

Aug 20, 2012

OP, you might be thinking about finance positions at a corporation vs. investment banking positions. In this case, the difference would be the work experience.

corporate finance is profit forecasting, revenue analysis, internal auditing, treasury, budgeting, etc. for the corporation (usually a multitude of different groups to work for).

Investment banking is helping other companies raise capital and requires more valuation-type work (also much more grunt work).

MKballer

Aug 20, 2012

Houlihan Lokey's corporate finance (financial analyst position) is just their regular investment banking with M&A, capital markets, and securities.

Aug 20, 2012

Hi there,

Ok, here's my take...

corporate finance and ibanking have many similarities - job function wise. However, while the base salaries are initially the same, the bonus structures are completely different. Obviously, IB pays significantly more in bonus than corporate finance ever would. However, I think quality of life in corporate finance is significantly better. That's the tradeoff.

Aug 20, 2012

I'm confused, because I was under the assumption that "corporate finance" entailed the same activities (M&A, debt and equity issuances) as "Investment Banking." What are you defining corporate finance as?

Aug 20, 2012

corporate finance IS Investment Banking.

When someone says corporate finance or Corp. Fi. they are talking about traditional Mergers & Acquisitions for Investment Banking.

Unless you are talking about Finance in Corporate America such as working in the finance department of a Fortune 500 (non banking) company.

Aug 20, 2012

for large corporations...

Aug 20, 2012

non banking companies..

Aug 20, 2012

That would be corporate development. You might be able to run a search for that.

Aug 20, 2012

Working in the finance department of a "normal" (i.e. not financial services) company is still generally called "corporate finance" by the people who do it for a living (i.e. previously myself).

The pay isn't even in the same galaxy as I-banking, with a few exceptions. CorpFin in a "normal" company doesn't generate revenue for the company, and so you're looked at as overhead, and it's never good to be overhead. At least for me, it was a glorified accounting job.

With that said, you learn a lot of the skills I-bankers use, and so if you went to a good school and you have CorpFin experience, you might be able to make the jump.

I just defected to the world of RE.

    • 1