Difference between corporate consulting vs corporate strategy vs normal consulting/strategy vs corporate development

Daniel-Ryan1's picture
Rank: Monkey | 41

Dear WSO members,

My questions are:
1. corporate consulting vs corporate strategy vs normal consulting/strategy vs corporate development
2. What is business development (maybe with reference to Big 4 as I know about some of their departments theory wise)
3. How different is Business Development(BD) compared to Consulting/Advisory or Risk ( Are these subset of business development?)
4. Are BD Front Office ?
5. Which of these below are FO ? Risk vs Consulting differences (which one has better pay and more promotions) ?

For example, these are taken from Deloitte website:

Audit & Assurance:
Business Advisory Services

Consulting:
Human Capital
Strategy & Operations
Technology

Financial Advisory:
Mergers & Acquisitions
Financial Crisis

Risk Advisory:
Strategic & Reputation Risk
Regulatory Risk
Financial Risk
Operational Risk
Cyber Risk

Tax:
Global Business Tax
Indirect Tax
Global Employer Services

Thank you very much. Cheers.

Comments (7)

May 21, 2019

Hey Daniel-Ryan1, the following topics might be helpful:

  • Corporate Strategy vs Corporate Development Corporate Development vs Corporate Strategy I'm considering both corporate strategy and corp dev. If ... between the two? Corporate strategy groups are like an internal consulting group, they advise senior ... described as an internal M&A team. Pay and lifestyle in corp
  • Corporate Development: My Experiences and Background a Corporate Development / Strategy Job Almost our entire team is comprised of burnt out bankers (junior and ... development mergers and acquisitions I grabbed ahold of a life raft in the form of a Corp Dev role at ... Corporate Dev M&A- One of the core responsibilities of Corp Dev is to drive and manage the acquisition ...
  • Why Would Anyone Go Into Consulting? Lifestyle Differences Between IB and Consulting The OP highlighted that consulting averages 80 hours a week ... management consultant. Skill Development and Exit Opportunities Between IBanking and Consulting When ... 'culture' and how everyone is a family, which seemed a little awkward to me Everyone I met in consulting
  • What are the similarities and differences between Corporate Development and Sell-Side in terms of experience? differences. What about between corp dev and sell-side? Corp-dev meaning that you work on deals for the company ... love to hear thoughts. corporate development Investment Banking sell-side to Friday, November 30, 2018- ... There are countless articles regarding the buy side vs. sell side in terms of similarities and ...
  • Difference Between Management and Strategy Consultants 'management' consulting, but there are also some listing strategy. What are the differences between the two? ... comments regarding the difference between management and strategy consulting please comment below! Read ... on corporate strategy and establishing different tactics that are concerned wit
  • Difference Between Middle Office Finance and Back Office Roles manager, shared a different experience: dublin- Corporate Development Manager: Disagree slightly on comp- ... constitutes Middle Office. For example, Wikipedia lists Risk, Control, Compliance, Treasury and Corp Strategy ... corporate strategy, corporate treasury, quant analytics, certain types of research, etc. These are critical ...
  • Big 4: Comparing Audit vs. Tax? of my summer term I have to pick between audit and tax. My question is, how do they really differ on ... The key difference between the two is that tax will likely lead to more tax roles. Overview of Big ... a day-to-day basis on the job? Are the promotion tracks similar? Chances to make partner the same or different ...
  • More suggestions...

Fingers crossed that one of those helps you.

May 26, 2019

Hi users, does anyone knows anything about this ?

Most Helpful
May 27, 2019

I'll take a crack

  1. First 3 are the same thing. Corporate development is different.
  2. Sales.
  3. Sales is a business function. The higher your rank, the more time you spend selling or helping others sell.
  4. See 2,3.
  5. N/A. Hypothetically all are "front office", but your analogy to finance does not really fit consulting. In consulting companies, most people are expected to deal with clients directly at least some of the time (CONSULTING!). "Back office" is like HR, accounting, etc, and some of the internal R&D stuff.
Daniel-Ryan1:

Dear WSO members,

My questions are:
1. corporate consulting vs corporate strategy vs normal consulting/strategy vs corporate development
2. What is business development (maybe with reference to Big 4 as I know about some of their departments theory wise)
3. How different is Business Development(BD) compared to Consulting/Advisory or Risk ( Are these subset of business development?)
4. Are BD Front Office ?
5. Which of these below are FO ? Risk vs Consulting differences (which one has better pay and more promotions) ?

For example, these are taken from Deloitte website:

Audit & Assurance:
Business Advisory Services

Consulting:
Human Capital
Strategy & Operations
Technology

Financial Advisory:
Mergers & Acquisitions
Financial Crisis

Risk Advisory:
Strategic & Reputation Risk
Regulatory Risk
Financial Risk
Operational Risk
Cyber Risk

Tax:
Global Business Tax
Indirect Tax
Global Employer Services

Thank you very much. Cheers.

    • 3
May 29, 2019

Thanks for the explanation Sasha.

May 29, 2019

So corporate development and business development are towards sales ?

May 29, 2019

I have also noticed that there are two strategy departments, one under Consulting (S&O) while the other under Risk Advisory (Strategic & Reputation Risk). What is the difference between both ?

May 29, 2019
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    • 1