IBD Associate (TMT) vs Corp Dev Associate (Tech/Media)

tl;dr: Assessing career next steps. Pros / cons of IBD associate vs. Corp dev.

Like many of you, I've been following WSO over the years and am in need of some advice. I've done 3 years of banking and am now thinking about next steps for my career. I enjoy my job but I want some outside perspective on how to think about what my next move should be or if I should continue along my current path.

  1. Recently promoted to Associate @ TMT IBD ($250k all-in comp).
  2. Option to move into a Corporate Development role at a Tech / Media company ($150k comp).

(sidenote: Long term goal is to learn to find and execute new business opportunities. Haven't decided if i see myself as an operator or investor long-term, although i don't think these are mutually exclusive and would ideally like to do both in some capacity.)

thoughts?

Comments (9)

 
Nov 8, 2016 - 11:32am

Thanks for the response. Do you mind sharing what your experience has been like in CD? Specifically 1. how long have you' been there? 2. What in particular outweighed the pay-cut for you? What types of skills are you expecting to develop vs. in IBD? Have you thought about what opportunities may become available to you after a few years in CD?

 
Nov 8, 2016 - 12:14pm

It is a well known brand (Think top 50 Media / Tech companies). I think the company is great, which is why it is an option I am strongly considering. Would be looking at new market opportunities, strategic partnerships and assessing potential M&A (I think seeing 1 deal per year is realistic)

My biggest concern is that I am unsure about what opportunities become available and what opportunities I lose by moving into CD at this stage in my career. in IBD, I am constantly interacting with clients, managing workflows, learning a lot. However, I don't get to make a real impact on operations or see our strategic advice follow through after a transaction occurs. Also, strategic advice in IB isn't often proprietary (usually the client comes to us with ideas and we would offer input about what is happening in the industry).

Start Discussion

Popular Content See all

This Fucking Sucks
+50OFFby Prospective Monkey in Investment Banking - Mergers and Acquisitions">Prospect in IB-M&A
Why would any associate+ banker choose a BB over EB?
+38IBby Intern in Investment Banking - Mergers and Acquisitions">Intern in IB-M&A
Share a day that looked like a Suits/Billions episode
+29IBby Intern in Investment Banking - Generalist">Intern in IB - Gen
PE isn’t the best way to get into b-school
+27BSCHby 2nd Year Associate in Private Equity - LBOs">Associate 2 in PE - LBOs
You Did it Citi
+23OFFby 2nd Year Analyst in Investment Banking - Industry/Coverage">Analyst 2 in IB - Ind
Evercore Target Schools?
+21BSCHby Prospective Monkey in Investment Banking - Mergers and Acquisitions">Prospect in IB-M&A
What's Wrong with Warburg Industrial & Business Services?
+16PEby 1st Year Analyst in Investment Banking - Mergers and Acquisitions">Analyst 1 in IB-M&A

Total Avg Compensation

February 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (31) $349
  • Associates (159) $231
  • 2nd Year Analyst (97) $151
  • Intern/Summer Associate (92) $144
  • 3rd+ Year Analyst (23) $145
  • 1st Year Analyst (368) $131
  • Intern/Summer Analyst (304) $82

Leaderboard See all

1
LonLonMilk's picture
LonLonMilk
98.5
2
Jamoldo's picture
Jamoldo
98.4
3
Secyh62's picture
Secyh62
98.3
4
CompBanker's picture
CompBanker
97.9
5
redever's picture
redever
97.8
6
frgna's picture
frgna
97.6
7
Addinator's picture
Addinator
97.6
8
Edifice's picture
Edifice
97.5
9
bolo up's picture
bolo up
97.5
10
NuckFuts's picture
NuckFuts
97.5