PE to Corp Dev title and comp
I’m an associate at a large cap PE firm (2 years banking / 3 years associate now) thinking about corp dev roles. What kind of title and comp should I expect/ask? Thanks!
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Depends on the company and size of team.
Manager / Senior Manager might be doable at an acquisitive F500 (often they have stricter YOE requirements), probably Director at a decent sized PE-backed platform, maybe VP if it’s a smaller PE-backed firm but I wouldn’t bank on it - I think this is typically easiest if you’re a VP at the fund and moving to a PortCo
Thanks. How about a ~$25B TEV PE-backed company? Would you have any guesses on comp by any chance?
What makes you want to make the jump?
Just a one-off opportunity that came about. Corp Dev is not my first choice but think it could be interesting enough with a good team and company. But obviously worried about comp reduction and career progression, both of which seem less clear in corp dev vs. say PE.
Thanks. I won't ask more after this - don't want to pry - but would you have considered this before your 3y as a PE associate had it come up?
Depends, but most likely manager. Maybe senior manager depending on the company and how well you can sell your experience and value you'll bring to the table. I'm leaving my role for a traditional corp dev job and am being brought in at manager level. Company I'm joining, fortunately, has pretty regular and clearly defined career/title progression, and I think I'll be able to move to senior manager sooner than otherwise given my YOE.
Is this after 2 yrs in PE? Also what is the total comp expectation as a manager/sr manager? Looked like 175-225k range based on other threads?
Yep, and I think that's a bit high for manager level but perhaps more in-line with senior manager. I'd expect closer to 150k if I were you unless going to a FAANG / high-COL / growth-stage start up incl. equity comp.
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