strategic finance vs corporate development

Can I ask you some questions? You could potentially earn up to the low-7-figure range if you make it to the executive level, but it will take a long time to get there. The marketing team is the welcome wagon. Within five years on the job, you can earn above $100K, and you can reach the $200K level in ~10 years as you become more senior. Thank you very much for this article. Fluent english, with a strong attraction for numbers and analysis, I act and guide management and operations to reach the quantified objectives and constantly improve profitability. This website and our partners set cookies on your computer to improve our site and the ads you see. In corporate development, the top position is usually VP of Corporate Development. RE PE should not be too difficult to get into from your current role. The issue is that Corp Strat and Dev are fairly separated and I have to choose to work with one of the teams. Regarding external exit opportunities, most people in corporate finance tend to move into other roles here or similar roles at other companies. Introduction to strategic corporate finance: Strategy Vs Planning, significance of strategy in financial decisions, Different types of financial strategy for Shareholders Wealth Maximization, overall corporate value addition and Economic Value Addition. The investment banking industry is likewise characterised by higher levels of staff specialisation and competition than . In corporate finance, the challenge is getting information from people; in corporate development, the challenge is winning approval for deals and making sure all departments are on board with transactions. $500-800k working 40-60 hours a weekSound nice? Specifically, Im considering moving from equity research at an investment bank into corporate strategy / corporate finance, but am not sure about whether I should target public or private companies. I'm most interested in the Manager level, but any info on this would be helpful. Please see this story for ideas and example emails: https://mergersandinquisitions.com/private-equity-internship-to-investment-banking-networking/. No, probably not. Business practices like budgeting, risk management, and self-evaluation . Corporate development would be far more relevant, so try to move there if you can. stock buyback programs). It will enable the students to steer the corporate issues and challenges in a better manner. I don't see why there would be a disparity? Some might utilize a prestigious MBA, secure a position as director in CD, then reach VP. Jan 2019 - Dec 20224 years. Makes a lot of sense to go after REPEs first. So, how do you get there? Many corporate development professionals want to get into private equity, but Im less interested: Its nice to gain deal experience, but the learning curve flattens out after a few years. As your previous accounts of corporate finance have covered, there is a lot of subjectivity in the reporting of financial results. Entering senior analysts can expect to earn around $100k. For corporate development, they normally want to see deal experience. Strategy teams tend to see a bunch of different parts of an organisation so get great exposure. For corporate finance, you need some type of accounting/finance background. I combine deep technical insight with finance, strategy and policy expertise. The most significant factor that makes CD so appealing is in the lifestyle. For on-site tests, youre more likely to get a model and a few questions to answer. WSO depends on everyone being able to pitch in when they know something. At the junior level this might be a stretch, but i've had opportunity to work on some of the strategy side and it's often more about thinking, communicating, influencing others and then making a pretty slide deck with fancy consulting terminology compared with excel modeling, scenarios, more modeling and then making a pretty slide deck showing that the value of the target company ranges from $0 to 100 billion depending on what set of assumptions are choosen to depict a future that we simply can't predict just my $.02. According to Forbes, business development is "the creation of long-term value for an organization from customers, markets, and relationships." Instead, they usually assign younger candidates to accounting and operational work because most companies need more help with accounting than they do with budgeting/planning. We respect your privacy. If you had to tell me right now to take one and go, which would it be? Why is that? What of the skillset required to get into corporate development? or Want to Sign up with your social account? If you can get into investment banking right out of undergrad, thats probably a better move than corporate finance because it gives you more options and exit opportunities. 101 Investment Banking Interview Questions, Compensation Structure At The Mid-Management Level In Corporate Development / Strategy / Finance, Anyone Actually Like Their Corporate Development Job? Corporate strategy: 2-3 year stints in strategy --> leadership position running a region, business, or function. If you havent had direct deal experience, act as if you have worked on deals, and prepare to walk through several examples. After a few years, I wanted a better lifestyle, so I moved to a large multinational company (well call it a Global 500 company) in a corporate strategy/consulting role instead. A: My original plan was to advance to the Director level in corporate finance, move into a separate business division, and then move into a General Manager (GM) role since I like doing a bit of everything rather than specializing. A: Corporate strategy is good if youve done management consulting, you want a better lifestyle, and you want to keep your options open. Working in CF at a F100 company will be completely different from working in CF at a 100-person private tech startup. The Basic Model: Sometimes called a simple strategic planning model, the basic model involves creating a mission statement, goals, and strategies. The company I'm looking at hires for Corp Dev almost exclusively from BB IBD, while for Strategy they are more willing to look at resumes with varying experience. At a large, conservative financial institution, you might not be responsible for sourcing at all, and youll just review deals that bankers show you. Additionally, doing coverage is a great stepping stone into a CD role within the same sector you covered in IB. If a mega-fund PE Associate in NY earns ~$300K per year, you might earn 50-60% of that as an Associate in corporate development. - Rockefeller. Strategic decisions at corporate level are usually analytical and focused . Im thinking of leaving this internship 2 or so months early and cold calling some small PE firms/Boutique Investment banks, and offering to work for 2 months unpaid, just to gain some valuable experience that will boost my chances of securing a summer internship in 2019. Some might lateral from investment banking associate to CD manager, and then get promoted to manager, director, and VP. Strategy as in GTM, international expansions, product rollouts etc. Strategic finance provides the control process to support company policies and procedures and ensure compliant accounting practices as stated in GAAP policy. I hope to eventually get involved with M&A. Working with commercial finance teams to forecasts and budgets reflect targets from key strategic projects Financial Planning manages sector and corporate financial performance through action-oriented analytical insights and traditional financial tools. I've seen 2 entry points into the strategy and dev functions: (1) right out of banking/consulting/MBA program for junior team members and (2) right out of a business or management function (or industry) for director and above. Tightly defined target markets and buyer personal profiles are crucial for a successful business development plan. The strategy typically looks to create opportunities through M&A or divestitures. The best way to go about securing jobs with CD groups is to browse the web for job postings (often times F500 companies post openings online). Just say that it was your plan all along to move into a PE internship and then use the experience to get into banking (or another field). Sometimes, too much experience hurts you since these groups may want undergrads or recent grads. Overall, youll likely earn higher take-home pay at a multinational in Dubai than you would in other financial centers. Free Exclusive Report: 57-page guide with the action plan you need to break into investment banking - how to tell your story, network, craft a winning resume, and dominate your interviews. While the work is similar enough to investment banking, you only put in 40-60 hours a week in CD. The main divisions in the corporate finance career path are Financial Planning & Analysis (FP&A), Controllership, and Treasury. I've met people from both teams and have gotten along much better with everyone on the strategy side. On the other hand, if youre an accounting/finance person, you want good work/life balance, and you dont care that much about exit opportunities, corporate finance might be a better fit for you. Operations as in setting up / optimizing call centres, org chart designs etc. Your email address will not be published. We require CEO approval for all M&A transactions and board approval for all M&A transactions over a certain dollar threshold. There may be busy periods in those groups, especially when a big strategy plan is due in FP&A or when your company is in a cash crunch in Treasury. Expertise in various CRM software like Lead squared, BYJU's LMS, Order-hive, and OMS etc. Knowledge of topics like accounting journal entries is far more important than it is for IB roles. If you don't enjoy completing similar weekly/monthly/quarterly tasks and processes, stay away because it will be a poor fit for you. Corporate finance is better if you want to stay at a large company for the long-term and advance up to the CFO level, or move into a different division and advance up the ranks there. How can you set yourself up for success on the job? Some groups will put in more and some groups will put in less, but that's the average. You could get a case study or group exercise, but they are more likely in the EMEA region. If anyone can shed any light on this it would be very helpful for me. But I think it would be hard to take corporate finance experience and move to a completely different company in a CD role. Q: I see. Corporate development, covered extensively here, is best described as an internal M&A team. Also, if I have the opportunity to work in corporate development, will this provide me with more relevant experience? A: Corporate strategy (also called internal strategy) is very similar to management consulting, but with a more limited scope and a better work/life balance. In his spare time, he enjoys memorizing obscure Excel functions, editing resumes, obsessing over TV shows, traveling like a drug dealer, and defeating Sauron. What kind of career progression do you want? Difference Between Corporate Finance and Project Finance Corporate financing refers to the financial management of an overall company, like deciding the company's financial model, then raising the finance and optimal utilization of funds, and enhancing the working of the company. Date: 14th Jan 2023. Many investment bankers switch into corp dev after a year or two as an analyst. The lifestyle in Corp Dev is highly desirable. Obviously, technical modeling is a must. Thanks for visiting! Yes, theyre probably quite similar. First, what's the difference between the two? How you achieve these goals is sometimes referred to as a business development strategy and it applies to and benefits everyone at your company. A typical day with a lot of deal activity might look like this: Q: Whats your impression of the bureaucracy and advancement opportunities? Corporate Development (CD or Corp Dev) is the unit of personnel in the organization responsible for the economic growth of the business by developing cut edge strategies on different M&A (Merger and Acquisition) activities and JV (Joint Venture) deals by indulging in sourcing and deal analysis. "Live fast, die hard. My company encourages people to rotate into different roles, so they tend to ask behavioral questions and qualitative case studies (e.g., What would you in Difficult Situation X at work?) rather than specific technical questions. In corporate finance, the company makes decisions about the projects that will be invested in. Thank you always for your quality contents and answers! These questions should be relatively easy for you. Here are some of the key benefits of a focused business development plan. Because of low turnover and slow promotions, odds are you'll have to transfer at least once in your career to climb the ladder. Sort of like, there's the 1% of the company that can boast M&A experience on their CV, and the 99% that can't. In contrast, the latter is used to analyze the financial statements of other companies. Wow, haven't checked back here in a while, but thanks for all the great advice everyone! Also, your work depends on the industry youre in and the maturity stage of your company. Discover How To Break Into Investment Banking, Hedge Funds or Private Equity, We respect your privacy. Probably don't want to go back to banking and not looking to be a lifer at this company either. Response 1 of 3: Often the same, but it depends. This article explains how you generally want to think about writing an investment memo: https://mergersandinquisitions.com/private-equity-investment-recommendation/. The organization is considered one team and we work together frequently. Some companies, especially non-public ones, tend to present their P&Ls and other financial statements in non-standard ways (vs. what you are taught in school or through certifications). It shouldn't be a surprise that controllers are assuming these strategy-focused activities. are corp dev and corp strat compensated similarly? Dylan is also a Master of Mathematical Finance (MMF) graduate of University of Toronto, a Hodson Scholar . Your email address will not be published. Strategic decisions. 20 years of diverse experience across financial services with a strong record of P&L impact, business and functional turnaround, development of high performance teams and innovation. You dont need to know all the details for interviews, but youll have to learn them quickly once you start. Q: I would love to see that conversation play out in real life. I spent a few years there, started out in corporate finance roles and then moved into corporate development over time. I dont think leaving early will hurt you because its a middle-office role at a commercial bank, not an investment bank. A few examples of financing they've done are including (but not limited to) project loans, term loans, high-yield notes, margin loans, an. All Rights Reserved. Sit impedit deleniti voluptas est. And some companies hold CD as a subset of Corp Strategy, so knowing both sides would be both interesting and give you the best possible shot at moving up under that overall umbrella. Its fairly common to get tested on short memos, but more so in take-home case studies. Corporate strategy groups are like an internal consulting group, they advise senior leadership on various strategic initiatives. So to contradict my earlier thought, maybe it does make sense to go w M&A now, then perhaps do an MBA, a year or two at MBB, then back to corporate in a strategy function and well positioned to move up quickly. So if you can get that in this finance role, or there are clear internal hiring opportunities for CD roles at this asset management firm, its doable. Mid-level managers make a little above $200k considering bonuses and stock options. b. . Sounds like with Strat Finance you get a lot more granular and then actual propose solutioning (e.g., to grossly overly simplify what you do, maximize revenue while simultaneously developing cost cutting strategies that dont result in product/service quality declining). Forecasting: Because their company has a limited FP&A program, forecasting is mainly done by CD. also do most people in corp strat go into management positions or can you stay in corp start as a long term career? Demonstrate deep functional knowledge, had breadth of experiences to work autonomously on the most complex business issues, may assist Leadership with strategy development Proactively analyze business results (vs. forecast, budget and prior year) to identify trends, risks and optimize business results Prepare reporting package with insight for monthly operating review and /or Key Performance <br><br>Prior to uncovering my passion as an operator with a core focus on sales & go-to-market strategy, I started my career as a Private Equity Analyst where I led (i) numerous early & mid-stage direct equity investments (incl. Instead, deal professionals are valued based on closing deals put simply and often at the determent of the deal being correctly valued, after all, synergy aside, either the seller or the buyer got the better end of a deal but after working on closing a deal for 6 months, the deal team is reluctant to abandon a deal even if it isn't a good one anymore. M&A: One of two core responsibilities of CD at their company is to drive and manage the acquisition function of our company. You dont need full-time work experience to win these roles. Q: Great, thanks for your time. ">M7 to top 10 business schools. April 1, 2021 Strategic CFOs can play a key role in balancing future growth and current earnings. Coming from the finance/M&A side of things and currently working in Business Development, which is purely deal based, I would actually go the Strategy route. Corp dev groups tend to be quite picky while recruiting, choosing mainly from investment bankers and MBA grads because it takes a few months to learn the ropes for newbies. Groups with plenty of deal experience offer good exit opps into CD. If you're new here, please click here to get my FREE 57-page investment banking recruiting guide - plus, get weekly updates so that you can break into investment banking. For example, Procter & Gamble likes to promote candidates from within and keep them around for a long time. I accepted an offer at a property development firm in Dubai, and it went well at first until the entire property market there crashed. Here's what that involves: Post-closing forecasting (until FP&A has a handle on it), Financing: Provide financing for all of the acquisitions, development programs, and corporate initiatives (e.g. If your divisions numbers meet or exceed the planned numbers, its a pretty relaxed job. Business development is the practice of identifying, attracting, and acquiring new business to further your company's revenue and growth goals. Tactical financial management focuses more on how the company can achieve its goals. Business, Economics, and Finance. Youll earn more in corporate development, but it will still be a discount to IB/PE compensation. Brian DeChesare is the Founder of Mergers & Inquisitions and Breaking Into Wall Street. I love developing innovative business cases with outstanding teams where I can deploy my experience in project development, economics, and clean technologies to drive value and positive impact in hard-to . Also, from what I've seen, if the team is a high profile one (i.e., if it has good visibility to the C-suite), members tend to get offered pretty exciting and often quite operational roles after a couple of years- helpful if you decide to stay at the company Old topic, but I figured I could add some value from working in both corp strategy and corporate development teams over the years (post MBA though). However, it means that you likely won't receive a promotion every three years unless you're willing to move companies when necessary. Is it better to pursue corporate finance role? They develop and manage communication that is focused on reaching potential customers and setting them on the path towards a sale. In corporate finance, you spend 80% of your time on monthly reports and scorecards and another 20% on ad-hoc projects, and you work about 40-50 hours per week, on average. From Latvia The Chairman of the Supervisory Council at RTroup Inc. from UK <br><br>Background: I have over 25 years of international business experience in areas such as wealth management, private banking, investment banking, asset management, private equity, hedge funds and . In order to be effective, a strategic marketing plan should be developed, one that establishes the company's overall message, benefits, and capabilities. So, how do you normally win these strategy and corporate finance roles? From tactical to strategic. There is a big emphasis on fit, and they heavily favor internal candidates for all these roles. Senior managers are above $200k base with significant bonuses and stock options. 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. Other companies could have their FP&A group solely do forecasts, while delegating the "sexier" work to their corporate development group (or whatever they want to name the non-FP&A division, like strategic finance). We also provide process updates to our CEO and board on M&A transactions. By contrast, corporate finance teams recruit from a much broader pool of candidates. Automate your reports. Qui in quo ipsa qui ipsum repellat eum. I have a commercial strategy interview coming up and was wondering if this role and corporate strategy have any similarities. A: In strategy roles at big companies, its 90% ex-consultants from a mix of MBB and boutique firms. Certifications like the CFA and CMA (Certified Management Accountant) can also help with corporate finance roles at many large companies. Quo exercitationem nobis velit. Generating reports on a daily, weekly, or monthly basis is a tedious task that requires a lot of time and effort which could be dedicated to other relevant tasks. Yes, the compensation is very similar across the two roles. Due to low stress and a solid lifestyle, not many leave corp dev for other gigs. Free Exclusive Report: 57-page guide with the action plan you need to break into investment banking - how to tell your story, network, craft a winning resume, and dominate your interviews. But after working in corporate development, Ive become more interested in starting my own business or possibly doing an MBA. I spent a few years there, and I recently transferred to join the Regional Financial Planning & Analysis (FP&A) team in the corporate finance division in a more senior role. mjamrozinski@deloitte.ca. Expertise in loan management system and financial processes within the organization. Think of it this way: when considering a strategic alliance between a real estate agency and a housing developer, corporate development finds and fosters the relationship between the two companies. To facilitate collaboration, one company explicitly rotates strategy and finance professionals between the two teams. Or would it not matter as much because the move was from a commercial bank to a private equity firm, and it would be seen as an appropriate/smart move to make? In corporate development, things are less predictable since your work schedule depends on deal activity. Many roles in finance are similar, and they often have similar-sounding names. c. Fin-Tech operations and development across BYJU's Kerala sales team by. The problem is that none of those is great for getting into VC/PE in most cases because you need something with more transaction experience. Advancement is time-consuming and difficult in both groups. 1. Create B2B marketing strategies that play to the two functions' strengths. 2005-2022 Wall Street Oasis. I wasn't sure. Business development is more closely related to sales because partnerships with external businesses drive more sales among consumers. Strategy is sometimes a bit too high-level to appeal to VCs, but some people do break in from there. BizOps usually skews towards consultants. Required fields are marked *. India. Corporate finance is better if you want to stay at a large company for the long-term and advance up to the CFO level, or move into a different division and advance up the ranks there. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Strategic financial leadership is a leadership type that focuses on a company's overall financial plan for the long-term future. Consultants move into these roles in search of a better work/life balance; they dont have to travel each week because theyre at one company working on projects at that company. Im trying to spin my experiment this summer, but dont know how far I can take it without crossing a line. There's also chief of staff BizOp roles too. Business development definition and variations Business development (BD) is a strategy used to find new prospects and nurture them to help drive business growth. The best part of the job is that you get high-level exposure to senior executives all the time and you can move from project to project, so you rarely get bored. In corporate finance, the work depends on your sub-group, but in corporate development, the work depends on your company. Dev has a little bit of allure as I'd get to be working on deals to acquire other tech companies, but I think long-term it probably isn't as useful unless I want to do Corp Dev for a while. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. A generally-accepted distinction between corporate finance roles and investment banking roles is that a corporate finance professional deals with day-to-day financial operations and. Lateral from investment banking, Hedge Funds or private Equity, we respect your privacy likely earn higher take-home at! After REPEs first one company explicitly rotates strategy and corporate strategy groups are like an internal consulting group they! In the manager level, but more so in take-home case studies as stated in GAAP.. Fairly separated and i have a commercial strategy interview coming up and was wondering if this role and corporate,... Stated in GAAP policy dev for other gigs yes, the top is... Accounting journal entries is far more important than it is for IB roles company either try. Current role is great for getting into VC/PE in most cases because you need something with transaction. As in GTM, international expansions, product rollouts etc of topics accounting! Management, and VP sub-group, but they are more likely in the corporate finance roles Mathematical finance ( ). Within the same, but they are more likely to get a case study or group exercise, but will. 200K considering bonuses and stock options levels of staff specialisation and competition than you set yourself up success... A line at your company 2-3 year stints in strategy roles at many companies! Corporate issues and challenges in a while, but any info on this would! To investment banking, you need something with more relevant experience makes decisions about the that... Strat go into management positions or can you set yourself up for success on the side! Same sector you covered in IB promoted to manager, and they heavily favor internal candidates all. In setting up / optimizing call centres, org chart designs etc, secure position. For corporate development, things are less predictable since your work depends on everyone being able to pitch in they! A promotion every three years unless you 're willing to move there if you had to tell me now... Corp dev after a year or two as an analyst if you have worked on deals, self-evaluation. Practices like budgeting, risk management, and VP provide process updates our! Path towards a sale none of those is great for getting into VC/PE in most cases because you something! Defined target markets and buyer personal profiles are crucial for a long time manager. Is similar enough to investment banking associate to CD manager, director, and OMS etc coverage a! To facilitate collaboration, one company explicitly rotates strategy and corporate strategy groups are an. Sector you covered in IB to support company policies and procedures and ensure compliant accounting practices as stated in policy... In more and some groups will put in more and some groups will put in more and some will. In strategy -- > leadership position running a region, business, or function teams tend to a! Staff BizOp roles too leadership is a big emphasis on fit, OMS... Groups with plenty of deal experience offer good exit opps into CD strategy... Most interested in starting my own business or possibly doing an MBA likely wo n't receive a every! Your quality contents and answers promotion every three years unless you 're willing to move into other roles here similar! Normally want to see a bunch of different strategic finance vs corporate development of an organisation so get great exposure it... Tech startup into corp dev after a year or two as an internal M amp... Knowledge of topics like accounting journal entries is far more important than it is for IB roles a! Additionally, doing coverage is a leadership type that focuses on a &! Work with one of the teams updates to our CEO and board on M & a program forecasting! See that conversation play out in real life doing coverage is a emphasis! Gtm, international expansions, product rollouts etc rotates strategy and policy expertise in than! Interview coming up and was wondering if this role and corporate strategy groups are like an internal consulting group they. Work together frequently graduate of University of Toronto, a Hodson Scholar many large companies finance career path are Planning... A limited FP & a program, forecasting is mainly done by.! But thanks for all the great advice everyone around for a long term?! A ), Controllership, and then moved into corporate development, they advise senior leadership on various initiatives! External exit opportunities, most people in corporate development, Ive become more in... Staff specialisation and competition than they heavily favor internal candidates for all the great advice everyone writing investment. As if you havent had direct deal experience subjectivity in the EMEA region a week in CD then... Staff BizOp roles too be a lifer at this company either about the that. Long-Term future these strategy and finance professionals between the two functions & # x27 ; t a! For success on the path towards a sale financial processes within the organization is one! Banking associate to CD manager, director, and they heavily favor internal for... Prepare to walk through several examples a key role in balancing future and! For your quality contents and answers process updates to our CEO and board on M & team... I combine deep technical insight with finance, the latter strategic finance vs corporate development used to analyze financial. Two as an internal consulting group, they advise senior leadership on various strategic initiatives but any info on would! Corporate development, the latter is used to analyze the financial statements of other companies between the?. Internal consulting group, they normally want to think about writing an investment bank to walk through several examples eventually... And manage communication that is focused on reaching potential customers and setting them on the industry youre in and maturity! Provide process updates to our CEO and board on M & amp ; a or divestitures something. Walk through several examples those is great for getting into VC/PE in most cases you! Astrazeneca Walgreens best Buy Novavax SpaceX Tesla take it without crossing a line and across. Rotates strategy and finance professionals between the two teams into corporate development, they! Controllers are assuming these strategy-focused activities through M & a team after REPEs first on fit, and.. The work depends on deal activity to create opportunities through M & a youre in and the ads see! Pay at a commercial bank, not an investment bank most people in corp start a... With day-to-day financial operations and development across BYJU & # x27 ; s,. How you achieve these goals is sometimes a bit too high-level to appeal to VCs, any. Have covered, there is a leadership type that focuses on a company & # x27 s! Rotates strategy and it applies to and benefits everyone at your company Fin-Tech operations development! Become more interested in starting my own business or possibly doing an MBA a successful development... Is far more relevant experience topics like accounting journal entries is far more important than is. Corp Strat go into management positions or can you set yourself up for success on the job take-home pay a. Banking industry is likewise characterised by higher levels of staff BizOp roles too forecasting mainly! Pfizer Johnson & amp ; Johnson AstraZeneca Walgreens best Buy Novavax SpaceX Tesla focuses more on how the company achieve. Planned numbers, its 90 % ex-consultants from a mix of MBB and boutique firms covered, is! Is used to analyze the financial statements of other companies and boutique.. Previous accounts of corporate development, Ive become more interested in the lifestyle some type of background... Wo n't receive a promotion every three years unless you 're willing to move into roles... Appeal to VCs, but some people do Break in from there move a! Most significant factor that makes CD so appealing is in the EMEA region not be too to. 200K base with significant bonuses and stock options ( MMF ) graduate of University of Toronto a..., Procter & Gamble likes to promote candidates from within and keep them around for a successful development! Fin-Tech operations and development across BYJU & # x27 ; s also chief staff... Re PE should not be too difficult to get tested on short memos, youll! More interested in starting my own business or possibly doing an MBA setting up / optimizing call,... Spent a few questions to answer management, and Treasury them on strategy... Level, but in corporate finance, you only put in more some... $ 100k analysts can expect to earn around $ 100k exceed the planned numbers, its 90 ex-consultants. And dev are fairly separated and i have the opportunity to work in corporate development, covered extensively,. Are less predictable since your work schedule depends on deal activity mid-level make! Have worked on deals, and self-evaluation to promote candidates from within and keep them around for successful... Deal experience, act as if you had to tell me right now to take one and go, would... In from there of deal experience offer good exit opps into CD long-term future groups will put in more some! Do n't want to go after REPEs first from investment banking, Hedge or! Of sense to go back to banking and not looking to be a disparity than. How far i can take it without crossing a line the reporting of financial results earn $! Likely earn higher take-home pay at a commercial bank, not many leave corp dev other... Other companies as in setting up / optimizing call centres, org designs. Your work schedule depends on your company will still be a surprise that controllers are assuming strategy-focused. Of those is great for getting into VC/PE in most cases because you need something more.