IB exit opps - FoF vs Corp Dev, best work WLB. Help!

Currently sitting on two offers (one from Corp Dev at a tech company) and a FoF (think Ardian, HarbourVest etc.)...

In terms of exit opps and WLB/comp, what would be the right choice?

I heard Corp Dev = a pay wall as it is hard to get to C-Suite. Thoughts? 

Comments (11)

  • Associate 1 in ER
Nov 28, 2021 - 7:49pm

Is the FoF job primaries or would you also look at secondaries & co-invests? FoF is pretty qualitative and slow, but very solid WLB. More interesting deals (and longer hours) come w Secondaries & co-invests

  • Associate 3 in IB-M&A
Nov 28, 2021 - 9:26pm

It would be more primaries (I hear the more qualitative side)…although I am not sure which career FoF or Corp Dev would stack up better in the long term...they are all a paycut from IB but trying to still set myself for a 300k 40-50 hour WLB down

  • Associate 1 in IB - Cov
Nov 28, 2021 - 9:48pm

Are you a post-mba associate? Your offers are getting you to $300k? Seems decent. 

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  • Associate 1 in IB-M&A
Nov 28, 2021 - 9:46pm

spent 1 year+ in O&G Corp dev and it was literally 9 to 6 facetime and i had time for the gym in the afternoon. 

but yes, you'll only be promoted when your senior leaves so get ready to be an associate for like 3 years and then VP forever until the director leaves or the business increase. 

also thought i would share that I was scared that i would be redundant after 3+ years (if no M&A activity), but that might be not be relevant if you're in a huge ass company (my company was only 1 to 2bn USD Mkt cap thereabouts) 

  • Associate 1 in IB-M&A
Dec 5, 2021 - 5:24pm

Comp was definitely below market materially, but then again, there were days i barely worked.

O&G was fucked given covid (our company sold jet fuel in some areas and operated in more funky geographies), got retrenched. Moved to MM M&A sell side with lower hours and lower pay vs BB because i thought covid will fuck the economy. guess i was wrong, have been getting calls to interview constantly now and tbh, not so sure if i want to slog it out in BB.

  • Partner in PE - LBOs
Dec 5, 2021 - 6:20pm

IMO if you value WLB take FoF, if you value personal development / growth take Corp Dev.

In terms of Comp, it's likely to be a tie (although I would think corp dev the ceiling is easier to reach).

AM vs Corp Finance 

  • Associate 1 in IB - Cov
Dec 5, 2021 - 11:16pm

Bumping. Interested in comp, career flexibility, and what the day to day looks like in a FoF shop.

  • Principal in PE - Other
Dec 6, 2021 - 9:33am

Dolorem vel esse suscipit optio et corporis. Cumque laudantium quis dolores quibusdam. Nihil minus at impedit expedita aut qui. Et et sapiente omnis tenetur illum enim dolores.

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Nam natus enim soluta quia est occaecati facere. Illo et iure cumque sint non nemo culpa. Est similique doloremque dolor dolorem ipsam.

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