Switching from buy-side equity research at a mutual fund group to corp dev. Would love to hear thoughts from those in corp dev.

I've been in equity research for 3 years at a $3B mutual fund group. The proliferation of algorithmic trading, ETFs, and other passive vehicles caused a significant amount of redemptions at the firm I was with (to the tune of $800MM in just the past 9 months). I was laid off several months ago as the youngest person in research by 8 years at a family owned firm. I tried looking for other buy-side positions for several months but ultimately decided I didn't see myself continuing my career in equity research for several reasons.

I do think there will always be a place for active management but I see too many intelligent kids for too few positions. I want to exit to a corporate development associate role. I believe I could really flourish in the role but would love to hear your thoughts.

I am a very fundamental analyst who does a lot of deep dive research. I am a generalist but am very knowledgeable in niche markets of IT hardware, internet content, and leisure. I have met with 100s of management teams in my brief tenure and have sell-side analysts calling me for my notes all the time because of knowledge on a few stocks/industries. I'm also a CFA level II candidate (not that that means much). What I don't have is direct deal experience. I've only really analyzed M&A activity from an external perspective.

Do I have a chance of breaking into corp dev? I can really see myself making a nice career in corp dev as opposed to constantly being worried about my job and fighting tooth and nail on the buy-side. I'd love to hear from others who have made this switch.

 

Labore est nulla doloremque voluptas. Quia dicta id quaerat eius pariatur earum quo. Non veniam doloribus quis voluptatum vel voluptas. Maxime et at est repudiandae rerum. Sit nisi et excepturi totam aut.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”