79 Comments
 

I currently do Corp Dev and it has a pretty solid WLB. There are still weeks where you'll get crushed on live deals and work banking esk hours but for the most part you really work anywhere from 30-50 hours. Some weeks, especially with wfh, even less. Pay is obviously the biggest draw back. My company doesn't bonus until you reach the manager level so base is all you get. With that being said I would say my base is inline with bankers at the associate level. 

 

Business school gives you the option to rethink your career path. Otherwise, agree with other - corp dev/startup strategic finance. Issue is these can be super hit or miss.

ie. I've seen the typical 2+2 IB/PE candidate for what I'd consider a less than desirable startup corp dev gig. Person I'm thinking of likely could have gotten into a M7 and as a result, a corp dev job with far greater potential (their corp dev startup gig does have some unicorn potential but have heard the company's is in constant internal conflict between the tech/development side of the company vs. the finance/accounting which is the CEO's background). 

 

All of the mentioned exit ops in this thread are directly finance related. That's cool and all but I would love to hear about exit ops that are outside the box.What about the Treasury Department or the Department of State? What about the NSA? Or product management in your respective sector?

A two year analyst stint leaves you with three very marketable attributes 1) Proof that you can work very hard and efficiently 2) That you can perform excellently detailed analysis 3) You can confidently present information to people/connect with people and 4) Your adaptable and a quick learner.

Any analyst leaving their analyst stint should be able to sell themselves well to so many different organizations.

 

Interesting point. I've always wondered if anybody went IB -> FBI/CIA type role? The one big drawback is probably pay

 

The paycut is definitely real. But the job security, defined benefit plan, and the exit options available to someone with both IB and intelligence services on their resume can be very interesting, lucrative, and specialized. For example It's not uncommon for firms who go heavy into emerging market investments to have due diligence done on the ground as well as on paper. And who else would be better at that than someone who understands both finance and intelligence sourcing? Bonus points if you know another language and if your smart enough to land a FT position in IB your smart enough to land a seat at the DLA for a threat language.

 

Heads up former bankers would be bored anywhere in the State Department but the Foreign Service. Family member did the FSO path in the 90s and got to travel Europe and the Middle East. It's a very cool gig but probably closer to consulting than banking. More recently she's in one of the offices of citizen services and it is very bureaucratic. You would need to legitimately care deeply about the function to put up with the red tape combined with relatively low pay. GS (as in GS13, GS15 etc.) pay scales are very rigid and public information. You would have to spend a few decades there before reaching past 200k and they don't do bonuses. 

If you're young enough, fit, and the Navy SEAL path is interesting, then diplomatic security hits a couple of the same marks. Our neighbor protects ambassadors in central Africa and similar places and really enjoys it. 

 

It was always my dream to be a foreign service officer and work for the state department. Unfortunately, I got married and convincing a spouse who has her own career and life to up and move to Egypt or Cambodia or Paraguay or wherever else they send you for 3 years while I work for 40k a year as an FSO isn't as easy as you'd think

I gave up on that dream but still lie awake thinking about it and if I would be happier 

 

Transition into roles at large consumer drug funds. I think mega-funds like (Sinaloa, Jalisco New Generation, and Gulf) are definitely harder to get into. They largely want MBAs and target the usual M7. Def better WLB and you get paid more. 

 

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