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I read an open JD. I don't think the role is the same as corporate development. It reads like they are hiring someone to keep on staff in-house to perform the same work which a advisory TS group would traditionally be engaged for. If you have a lot of activity it's much cheaper to poach the staff from the firms than engage them and pay a markup.
Corporate development should be more strategic. Generally, corp dev would identify strategic opportunities and this group would perform due diligence over the target, figure out the accounting for the transaction, might raise issues relating to valuation (valuation would probably be quarterbacked by one of the major firms), possibly plan the roll-up, etc.
Thanks Managerette.
Here is a link to the job description of a M&A Finance job at google. To me it sounds like corp. development or at least someone who does more than just in-house due diligence. For example it says:
"owning Mergers and Acquisitions transactions from initial term sheet draft through financial due diligence, contract structuring, integration planning and execution, valuation of intangible assets, and IPR&D and purchase price allocation."
https://www.google.com/about/careers/search?src=Online/Job+Board/indeed…
Also, I noticed that most of the people coming from Big4 TS left as managers and came in as "analyst" or maybe "senior analyst", i.e. seems like a step down from their previous roles. Any idea who much a job like this would pay (i.e analyst or senior analyst, probably someone with 5+ years of TS experience)?
Titles can vary tremendously across industries, so it may be a result of that, rather than a demotion.
Saw this on LinkedIn as well and it's pretty much all dominated by ex-Big 4 TS. It seems to be Big 4 TS work in-house as someone here has already mentioned, but nonetheless a good exit opp IMO because I've seen a few people on LinkedIn exit from this Google M&A to top B-schools easily and then recruit for whatever they want afterwards.
It's definitely not a Corp Dev job itself though, because they don't do any of the pre-deal assessments and don't execute the deal.
Any idea what the salary/bonus may be in a position like this?
Without a job req for the actual role it would be hard to tell. My hunch is that it would fall somewhere between $90-125k base for a senior, but I would need to see the responsibilities to refine it further. There is another technology company which pays an absurd amount of money for their in-house M&A staff (not Google) when compared with leveling, so I have excluded them from the assumption.
The leveling may be because they are trying to target more from specialized consulting firms and less from Big 4 TAS staff (for example: a senior at L.E.K. etc. is not the same as a senior at E&Y experience-wise). It also might be simply because they can be that picky in their hiring/recruiting.
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