Hi all - thought I'd give back to the community that helped me a lot when I was in your shoes by doing a Q&A. Some background on me: BS in Business from top 25 university Worked as an analyst in the M&A group of an EB / advisory shop Currently on the strategic finance team at a late-stage, pre-IPO tech company (Series C+ / $2bn+ valuation) ~4 years of experience across both banking and my current role Open to answering any questions you may have - feel free to ask away. WSO Mentor Want to work with me? Check out my profile here.
24 Nov 2020
Hey everyone - Know this has been discussed in the past but seems most of the information is dated. Curious if anyone has insight into what someone (<5 years of experience), may expect to earn moving into a Corporate Strategy / Development group at a F100 firm. also would be helpful to hear any information on salary progression (from entry level to Director) if at all possible! any information would be helpful here and any information on business school placement from a platform like this would also be great!
22 Sep 2020
Hi everyone, I have been with an F10 company for about a year now as an "analyst". The problem lies in the fact that the accounting component of this role was vastly understated during interviewing. I am trying to get out of CF and go into consulting or even another CF role that has more opportunities to break into CS/BD. I feel as my wheels are turning here and would hope some of you with some pertinent insight could PM me or reply. Thanks you all !
02 Sep 2020
Hi, I just started my first year at a high-tier MM IB in a well-regarded industry group. I am really enjoying the work so far, how the culture is, and I am happy with where I am at. All the other first year analysts have began discussing the PE recruitment timeline, but I am interested in Corporate Development (CD) and Venture Capital (VC) in my industry vertical (potentially another one as well but I know sticking to my industry is far easier and I am enjoying it thus far). I have four topics/questions I would like to know more about: 1) Any insight around the timeline for CD and/or VC
23 Sep 2020
Hello - this site has been very helpful in the past when figuring out my career so wanted to help where I can. I came from a target school and spent 2 years as pre-MBA analyst at MBB doing generalist work. Was able to transition to strategy at a major media company about a year ago. Happy to answer any questions about type of work, recruiting process, comp, etc.
08 Jun 2020
Looking to move on from a VC (~2 years as an analyst) into Corp Dev/Strategy. Based on what I've read, the easiest move for me to make is into one of the portfolio companies' teams. Have some questions on what skillsets are needed/valued most on a Corp Dev team depending on the growth stage of the company. Questions for the forum: 1. From some LinkedIn searches, most of the teams are made up of ex-MBB types. Do I have a shot as a VC analyst? 2. How does Corp Dev/Strategy at an Early-Stage startup differ from a Late-Stage startup? (And differ from a public co?) 3. With your answer to #2 in mind
03 Feb 2020
Hey Everyone! I wanted to post a Q&A to share my background, experiences, and answer any questions you may have regarding a career as a Strategic Planner. In short, I graduated from a non-Target with a degree in Finance and Operations and spent a few years at an OFS company in a Rotational Leadership Development Program and subsequent roles before joining another F500 industrial company as a Strategic Planner. For those that may not be familiar with Strategic Planning, my role is to support the President & GM of our region by helping to lay the foundation for our strategy to grow market share
17 Dec 2019
Does anyone have any insight into what this group at MacCap does? Seems like some sort of internal strategy group; any work on live deals or internal M&A? Most of the people in this group are ex-IB seniors, i.e. MD of this group in EMEA was ex-COO. How hard is it to get into this group and could you exit into IB after? Also if anyone has any insight into mobility within Macquarie e.g. from IB to MIRA or from this group. Any info appreciated. Cheers guys
14 Sep 2020
Hi Everyone, Salary check on an offer for a Corporate Strategy Manager role. This would be for a large household name private company in a non-NY city in the consumer industry. I was quoted 120 base + fixed 12% bonus. I have an M7 MBA, with 1.5 years in IB post-MBA. Does that seem right? Thank you!
26 Jan 2021
I currently am deciding between two paths: 1. BB Non-IB (e.g., S&T, etc.) > Corp Strat at @ BB > (?) 2. BB Non-IB > Corp Strat > M7 (non-HSW) > MBB > (?) I still don't know what type of company I want to work at longer term (F100 vs. F1000 vs. large tech company vs. startup), though I will probably stay within broader fin services world (banking, payments, fintech, etc.). A lot of people in corp strat at my bank join at manager level with MBA + consulting experience. At startups, the majority of mid-level openings for bizops, strategy & operations, and strategic finance roles ask for either IB
24 Jan 2021
What's it like to be in strategy, corp dev, or other strategic finance/business roles at a certified B Corporation like Allbirds, Patagonia, etc.? Does work at a B corp usually mean a very different culture or have different views towards ex IB analysts? Is it that much different than working for any other corporation? If you work in one of these roles at a B corp, how is it? Are responsibilities/comp/politics different?
27 Dec 2020
Looking for some advice... Background Been working ~10 months at an insurance company in a FLDP (rotational program). I am not based in US but the size of the company ranks around 250 if it were in F500. Recently offered a position as a Strategy Analyst. It is a fairly new team (established around 2 years ago) with only a handful of people at the moment (previous experiences include consulting and corp. strat. roles in other companies). From my experience on the team, they interact often with the c-level and have good exposure across the business, on the other hand you tend to be a 'jack of
30 Nov 2020
Current sophomore at a target - recently received a 2021 internship offer in corporate strategy at an F20 company. Assuming I cannot get any of my other processes in LMM IB/PE accelerated, will this role put me in a competitive position for junior summer recruiting? Alternatively, should I keep recruiting in the hopes of landing something on the buy/sell-side, given a lot of smaller shops don't open up applications till the New Year? Thanks so much for your help!
21 Nov 2020
Hi everyone. There have been some recent threads on corporate development and strategy, and I thought I would share my own experience through a Q&A and give back to the community. My background is fairly mixed, and I graduated with a technical degree from a non-target/semi-target three years ago and cumulatively gained esoteric investing, PE, and corporate development and strategy experience at a large bank and a lower middle market PE firm. Currently, I'm working in New York at a large private company on a corporate development and strategy team whose scope also includes partnerships and
12 Jan 2019
My ask: My boss asked me to book some professional development / trainings for myself, since we have some extra money to burn before EoY. I'd like to make a move towards CS or CD in 2021, so want to make sure what I choose is aligned with that. So, does anyone have recommendations for trainings or professional development trainings that would be useful for a CS / CD career path? I know CS especially is pretty soft skill-driven, but curious if there are any thoughts. Background: I work for a technology-focused industrial company and I'm currently in a manager role at the business-unit level
15 Nov 2020
WSO users: This is my first post to WSO and I'm looking for a little guidance. Background on me: BBA in Management (trust me, I've heard all the jokes about MGMT majors, I get it, whatever) from TCU and work in sales for a fairly large construction equipment manufacturer. I'm really enjoying my sales role, and plan to probably stay in it for a few years to get some real ground-level experience in the industry. I'm by far the youngest sales guy in the company (24), with most of my counterparts well into their 40s and 50s with 20-30 years of sales experience in the industry. I enjoy the travel
30 Jan 2019
I started my career with a 2-year middle office rotational program at a BB bank. I'm hoping to head to a management/strategy consulting or corporate strategy for a media and entertainment company. The program wraps up in July and, ideally, I'd like to start somewhere in September. 1) When should I start applying? 2) When should I start recruiting (i.e., reaching out to people on LinkedIn, setting up informational interviews, etc)? 3) How realistic would a September start date be considering the one month gap? Thanks!
25 Sep 2020
Been at a F500 since April, working in corporate strategy. Reporting to a director who has significant clout within the company. Director is a bit of an ahole to work for, but has been giving me an increasingly bigger leash as I've tried my hardest to follow all the advice regarding work performance on this site from Day 1. In fact just this week, I presented a new strategy idea to first a set of directors -- had great feedback -- then just today to a few directors from some of our offices in other countries and a couple VPs. Director is hoping the VP convinces COO to invite us to a board
12 Jul 2018
Did someone say they needed reasons not to go into investment banking? Well, I have two words for you: corporate finance. Sure, there is the prestige of working at a bulge bracket, then there is the money (which is certainly not as great as it once was), and of course, there is this façade of the damn-it-feels-good-to-be-a-banker lifestyle. Corporate Finance Investment Banking - Difference Between Careers Truth be told, many of us are in it for the money. Many of us also realize that all we want is to put in our three years as an analyst and move on. You see, being an investment banking
17 May 2018
Hi everyone, I'm a graduate student in a STEM field and I'm currently debating going to law school next year (I've been accepted to some high-ranked schools), or trying to break into management consulting. If I went the consulting route, my long term goal would be to end up in corporate strategy. Both of these career paths appeal to me since I love thinking strategically. I'm wondering whether anyone can shed some light on what it's actually like working in corporate strategy? Some questions I have: - What's the day to day like? - What do you like most about your job? - What do you like least
23 Feb 2018
Hey Friends, Quick question as I think it is important to pick everyone's brains here. If you look at a company focused on offering social media and customer engagement services, from a strategic standpoint, how would you look at some of the business levers/drivers for the company? From an operating standpoint, as marketing expense is to SaaS for new markets, how would you view the equivalent of CAC and ARPU to this type of business?
14 May 2019
Hey guys, thanks in advance for your input. I currently have the option to switch from Big 4 Audit to M&A (Financial Due Diligence). I've always wanted to switch to FDD due to the nature of the work being more exciting than audit; however, it was mostly with the end goal of leveraging that experience to do corporate dev/strategy after. I just came across a role as a "Strategic Partner Manager" for a well known and fast growing semi-startup and see this as a DREAM job, but I wanted to check for others opinion on whether this is truly a "strategy" role and not simply account managing. Below is a
26 Mar 2019
I'm interested in doing a corporate strategy role for my sophomore summer. As of now, I want to go into investment banking and I have a boutique bank experience under my belt and a PE internship this summer. What firms, especially tech firms, have corporate strategy roles that take sophomores interns? Thank you!
11 Jun 2020
Hi, I recently graduated from my undergraduate university and I am going to pursue a master's degree in Business Analytics this fall i.e. I have no full-time work experience. I am interested in the strategy role at Morgan Stanley and noticed that they recruit undergraduate students for this position (Attached job link below). I know there is no cost applying for it, but I was wondering how recruiters view non-MBA graduate students with zero work experience when they are actually looking for undergraduate students. In addition, what is the general profile required for a strategy role at top BB
04 Jun 2020
Took a different path to Corporate Strategy and have since exited (see below). Q&A. * Grew up in suburb of tier 2 US city * Underachieved in HS – B student (generous), ~1200 SAT, lazy * Pretty good at basketball, helped me get into top 20 college – WHEW * OMG COLLEGE – GIRLS, DRINKING, etc * SHIT – almost failed out…
31 Mar 2017
I've been a Corporate Strategy manager at a large F100 studio (not Disney) for about a year now (and it's had its ups and downs). Just figured there isn't too much information on here about corporate strategy paths from non-MBB people, so I thought I'd throw my chex into the mix here. My background is 2011 undergrad at NYU Stern majoring in Finance & Accounting: * Started off at a boutique financial services consulting firm for 18 months * Went to join a large, Indian tech consulting company in their management consulting group (but really a lot of change management, business analyst work
24 Mar 2017
I am considering throwing my hat in the ring for some corporate strategy roles but am curious how receptive they would be to someone with a finance background. I work in equity research covering a specific sector. A few questions I have: 1) do consultants know what equity research does? Or will my resume get passed over? 2) how can I position myself as a viable corporate strategy candidate with ER experience?
14 May 2020
Seen a couple threads on this, but nothing conclusive. What tech companies have internal corporate strategy departments/teams? Bonus points to anyone who knows about getting in as well. Seems like most tech companies have corp dev or bizops teams, but not many have pure strategy teams.
04 Feb 2018
I've received an offer to join a new Quant Strategy team within BAAM as a 1st year associate. Almost every single Glassdoor review lists work-life balance, intense work hours as issues but what else should I be wary of considering that I'll be moving from a Corporate Strategy team at a large tech company if I accept?
10 May 2019
hi all- Was wondering if anyone had info on companies that have an established internal consulting/corporate strategy team that takes people directly from college
02 Aug 2018
I love hearing about clever strategies developers and investors have employed, especially value-add deals and repositioning of previously underutilized properties!
03 Aug 2015
Hello WSO, Just had an opportunity present itself in an area I am extremely interested in. Some context first: * I just joined a MM bank in the ALM group last June (first job out of college), particularly helping develop credit loss models to determine how much reserves the bank should hold. * Recently my job has given me great exposure to people high up in the bank (meetings I organize include the controller and C-level minus one execs, a deck I helped create last week was presented to CRO and the Treasurer, currently working on a deck for the BoD) * My job has mainly been more project
03 May 2018
I have an upcoming FT interview with a corporate strategy group at a F500 Media & Entertainment company. I'm really excited about this opportunity, but I'm not too sure what kind of technical questions I should be expecting. I know corp strat interviews vary a lot from firm to firm, but I'd appreciate it if anyone that has been through the process for FT could share his/her insights.
03 Oct 2015
Hey guys, What are the benefits of starting out of school in a corporate strategy position? All the consultants there are really pedigreed (vast majority is MBB+Target school), it's a F500 and the pay/hours are great (better or equal than MBB). However, I still have upcoming interviews with all three of the MBB, as well as some T2 consultancies (ATK/RB/OW).Realistically, I am not going to like the travel in consulting, so that is the biggest reason I am leaning towards Corp Strat. What are the pros and cons of starting in Corporate Strat vs doing MBB-->Corp Strat?
24 Oct 2016
I received an offer for an internship with Aetna and I was wondering if this would be considered as corporate strategy, or something else. Is this a solid opportunity? What kinds of jobs for full time would I be able to recruit for? I'm also interested to hear your take on the outlook for Aetna, the healthcare industry, etc. http://cblink.mit.edu/jobs/aetna-2017-summer-inte… Some background: currently a junior at a semi-target with a 3.4, not dead set on any particular industry. I also have an offer from a BB for compliance but from what I've learned it's a
26 Nov 2016
Moved to Toronto to get into banking, used the Big4 CPA as a way to get transferred to the big city. Interested in finance continued to grow but ended up getting a pretty cool strategy job come up unexpected that I gave a shot. After about 2 years in the role, I want to move from the advisory side to more execution and get back on track to working with investments / finance. I'm really attracted to the PE model, and dedicated to making the move into PE. I see my options as 1. Join MBB (PIPE group) 2. Ibanking Analyst 3. Bschool 4. Push for PE Analyst position now I've been prepping for MBB
10 Jan 2020
I'm a recent undergrad who is fortunate to have the opportunity to start off working in a tech company in their Corporate Strategy and Development group. The issue is that Corp Strat and Dev are fairly separated and I have to choose to work with one of the teams. We"re not a huge big name tech company, but we did 10+ deals last year and are fairly active in the M&A space for context.
01 Mar 2015
Hi All, I currently have two full-time offers one from PwC Management Consulting in NYC and another for Dropbox's Rotation Program in SF. If I were to go to PwC I would want to try to get get aligned to strategy and TICE(their tech, media, communications, etc group), however there doesn't seem to be any guarantee about placement until a week before you start and I have heard that you might not even get projects within your alignment. Dropbox is more of a operational focused rotation program (sales, user ops, etc).
19 Oct 2014
I got a lot of help reading WSO when I was an undergrad and wanted to contribute somehow. Wanted to drop my 2 cents, as I feel like MBB is overly praised on this forum, while corporate strategy gets very little love. Please note that this primarily applies to those who want to jump to industry and make exec (which what most consultants end up doing anyway), not those who want to go into HF/PE. If you're sure you want to do HF/PE from the start, however, you are MUCH better starting out in banking than consulting. Background: Graduated from a mid-level ivy, had offers at Mck and BCG (did not
15 Dec 2013
Mod note: Click here to see all of our q&a's and interviews Given the multiple requests I got in another thread I've decided to follow in 10xleverage's footsteps. To give you some background, I graduated from Harvard undergrad in 2008. After graduation I moved to the bay area to join the 2 year finance leadership analyst program at a F500 tech company. The program place analysts in 6 month assignments in various finance and strategy groups across the company. You can be assigned to typical FP&A (financial planning & analysis) groups, corporate development (M&A), corporate or divisional
21 Aug 2013
I'm new to WSO and have enjoyed reading through all the forums. They've been a big help for me in defining my career goals. I am currently in the process of applying to Top 15 business schools. Career wise I am very interested in working in corporate finance at a biotech/big pharma company Post-MBA, more specifically, being hired into a finance LDP where I can work in various roles within the company and get the necessary exposure and experience to transition into a corporate develoment/strategy role at the company long term. Is this a realistic short term to long term goal? I've read that CD is more suited for a former IB or MBB but is it different for MBAs who have moved up within the company? Any advice is much appreciated.
04 Sep 2014
My background is mainly in finance/accounting roles with F500 companies. Hold bachelors degree in finance plus MBA/CPA. I came across the job below which interests me, but it isn't clear to me whether this role falls within Business Development, Corporate Development, Corporate Strategy, or some hybrid of the above. My background is mainly accounting so I'm not very familiar with these areas, but the role appears to be something I may enjoy/do well in. Any feedback on the role from those with experience or knowledge of these areas is much appreciated. Any idea on comp for this type of role
14 Oct 2017
Hey guys, I have 3 offers that I'm trying to decide between. I want to base my decision on the type of work and bschool placement. Any insight would be appreciated greatly. 1) Big 4 Financial Advisory- Operational Process Consulting 2) F500 Corporate Strategy- Major airlines 3) Boutique Decision Sciences/Data Analytics Firm I also want to work for MBB eventually so I'd also like to keep that in mind for long term exit ops. Thanks!
21 Nov 2014
Hey everyone, What are some of the exit opportunities from Big 4 Advisory, particularly, at Deloitte. I recently graduated from a top school and am currently working in Deloitte's Advisory group. I would like to either try and get into S&O, or move into a corporate strategy role in a couple of years. I know this site really hates on Big 4 but I would like to know what kinds of exit ops are available from Deloitte's Advisory. I don't want to do any internal Audit/controls testing type work. To simplify: 1. Is it possible to go from Deloitte Advisory to corporate strategy? 2. How difficult is it
08 Jan 2016
I have a summer offer with JPM's Corporate Analyst Development Program. I could be placed in a number of different departments (business management, strategy, analytics, project management or consulting). The full time is a 2 year rotation across these departments. Does anybody have any insight into what kind of work I would be doing in a corporate strategy role and how it's perceived and both business schools and consulting firms? It's a great offer in terms of comp and location, but there's not a whole lot of information on the nature of the work.
10 Dec 2014
Guys, first time poster looking for some advice here. I'm going back to b-school this year, and I've been researching different career paths. F500 corporate strategy has piqued my interest. On the surface, it looks like a lot of F500 companies have one department for CS and corporate (or business) development…I have zero finance/m&a background (math undergrad, 4 years consulting)…my questions are: 1. Do the people in these departments typically focus on one practice (i.e., either CS or CD) or do they do a bit of both or does it vary by company? 2. During b-school, should I focus on filling skills gaps (finance) or enhancing strengths (strategy)? 3. I'm looking for F500 firms with CS employees in New England. Are there any firms that are particularly prestigious?
28 Mar 2013
Hey all - curious to see if anywhere here has moved from the buyside to a corporate strategy/operations role in a fulfilling, successful way. For context - I went to a target school and went straight to buyside out of school for a top-tier credit investment firm that is part of a larger PE shop. I love investing, but I particularly enjoy learning about how businesses operate and what makes a good/bad business. So, as I think about what I might want to do after this job (and I may choose to stay on past Associate role), I wanted to see if anyone had moved into a more operating-focused role at a
11 May 2018
So this is more of a vent than a specific question, but would really appreciate hearing what others have to say, especially from those who feel similarly after working in strategy. Background: I studied Industrial Engineering at a top public UG, have been working at a non MBB (but well known) Management Consultancy for the past 5 years in their Digital Strategy group, and am starting full time at an M7 this fall. Situation: I've been spending some time reflecting on what I really want to do post MBA and am pretty confused. I've really enjoyed working in strategy - the challenging
27 Apr 2017
Besides Disney and American Express, do any other companies offer corporate strategy junior summer internships? I've searched the threads and apparently Nike and Liberal Mutual do as well, but I can't find anything of the sort on their website.
19 Dec 2012
Hello, I have been working with Deloitte Strategy and Operations for a year now. I want to make a move to strategy as the technology related projects are not driving my motivation. I am PMP certified and went through a core banking transformation and another PMO establishment project so now I am labelled with implementations and PMOs (very very boring). My experience prior to joining Deloitte was in a company I founded myself and ran for 2.5 years (still active and running, just a dispute with my partner over the next 5 years vision and I decided to leave) I want to move to strategy (weather in consulting or in the industry), by strategy i dont mean feasibility studies (also very boring). I mean everything else. My questions are the following:
10 Jul 2014