strategic finance vs corporate development

So I guess I'm leaning towards strat, but would love to hear opinions and comments. Your information will not be shared. The worst part is that you always have to think about whats next. I omitted my prior experience in the previous comment. You earn less, but you still work on deals and think like an investor. To learn more about, 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, corporate development groups at other companies, especially when a big strategy plan is due in FP&A, youll spend more time on acquisitions of promising startups and joint venture deals, At a large, conservative financial institution, end goal in corporate finance is to become the CFO, youre most likely to go to corporate finance at another company, its ridiculously hard to get into PE even if you have directly relevant experience, it gives you more options and exit opportunities, In corporate finance, the work depends on. Sorry, you need to login or sign up in order to vote. At my large tech company the heads of strategy and M&A are on the same level and both report to the chief strategy officer. IMO it wouldn't make sense for anyone in the corporate world to stay within the strategy and dev functions for their entire career. We typically split our work across different P&L lines and also have dedicated eyes on Cash. A typical day with a lot of deal activity might look like this: Q: Whats your impression of the bureaucracy and advancement opportunities? FP&A is a core finance role at all companies, driven by the business cycle: Youre busy when youre closing months and quarters, but the periods in between are quiet. For corporate finance, you need some type of accounting/finance background. Im the Cash guy in the team, though I cover other metrics as well. 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. You dont need to know all the details for interviews, but youll have to learn them quickly once you start. Overall, youll likely earn higher take-home pay at a multinational in Dubai than you would in other financial centers. In corporate finance, you might start out at around $70K USD, move up to $100K over ~5 years, and move up to $200K USD over ~10 years as you become more senior. To get an idea of how the work in CD is similar and different to investment banking, here's @Sil". Investment banking is solely concerned with raising capital for the business through stocks and trading . I really like the idea of contributing strategically and growing the company that I work for and this only seems possible in the CD. Im an economics major at a semi-target UK university. A recent IMA study, "Evolving Role of the Controller," indicates controllers are seeing an increased demand to apply strategic, forward-thinking skills (79% of respondents) and to provide more strategic analysis of reports (76% of respondents). A lot of it is a game of negotiation one unit might say it cant deliver a certain target, so the CFO has to go to other units and see if they can cover for the under-performing one by changing the reserves and other items. Some groups will put in more and some groups will put in less, but that's the average. Marketing identifies who the customer is. In terms of overall career maneuverability, it really depends on what types of roles you're looking to secure in the future. At business level, the strategies are more about developing and sustaining competitive advantage for the products offered by the enterprise. Whereas a strategic plan is for implementing and managing the strategic direction of a business, a business plan is more often the document that starts a business. I'd go for Strategy. What exactly do the above functions entail? We require CEO approval for all M&A transactions and board approval for all M&A transactions over a certain dollar threshold. Im currently on a 9-month internship as part of my course, working in MO of a Commerical Bank. Fugit eaque quia soluta molestiae dolores. Expertise in various CRM software like Lead squared, BYJU's LMS, Order-hive, and OMS etc. fund of funds . He/she works with the CFOs of the other units and several Senior Financial Analysts in his/her team. Following that logic and becoming a jack of all trades within strategy and CD will certainly pay off. Q: Great, thanks for your time. Ultimately, the success of a financial strategy is determined by its continued long-term value and stability. You might work only 50-60 hours per week if there are no live deals, but that could jump up to a much higher number when a deal heats up. 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. they dont have to travel each week because theyre at one company working on projects at that company, many large companies have rotational programs for undergraduates and recent graduates, though the exact numbers vary from year to year, similar to what candidates at assessment centers in the U.K. do, youll need to come up with stories to explain whats going wrong, As your previous accounts of corporate finance have covered. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Senior managers are above $200k base with significant bonuses and stock options. 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. If you broke into IB in the first place, the first two questions should be a breeze. It will enable the students to steer the corporate issues and challenges in a better manner. 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. Corporate financing helps manage an entity, whereas investment banking allows an entity to grow, i.e., raise its capital. Strategic financial leadership is a leadership type that focuses on a company's overall financial plan for the long-term future. April 1, 2021 Strategic CFOs can play a key role in balancing future growth and current earnings. Brian DeChesare is the Founder of Mergers & Inquisitions and Breaking Into Wall Street. 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. According to Forbes, business development is "the creation of long-term value for an organization from customers, markets, and relationships." As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. And nothing against my peers on the deal side, but much of the time we push doing a deal just to 'get ER done" as we say, and be able to validate ones own existance by successfully executing a deal (whether it's a good one, bad one, fits with the companies overall strategy or doesn't). Some might utilize a prestigious MBA, secure a position as director in CD, then reach VP. Required Qualifications of the Chief Business Development Officer. Groups with plenty of deal experience offer good exit opps into CD. Q: OK. 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. Would love to get an update since you started your job. Avoid a marketing vs business development dynamic. If so, what steps would you advise to make the move? Strategist exists to accomplish the gap in client and industry awareness.. But when it comes to working internally at a company corporate finance vs corporate strategy the stakes and trade-offs are less well-known. Hi Brian, A: Dubais overall population is roughly80% ex-pats/foreigners and 20% Emiratis (though the exact numbers vary from year to year). Corporate development interviews, while they vary a ton by company in structure, are typically familiar to the interviews that most candidates have experienced. MBA recruiting in CD is stressed on MBA business schools
Corporate strategies are developed by the top-level managers, including the CEO, Board of Directors and Managing Director, whereas business strategy is developed by the middle-level managers, including the departmental, division or line managers. I would say that I probably gravitate towards strategy as I think I'm better suited for it and would enjoy the work more; however, as marine13910 said, having the opportunity to gain some Corp Dev experience now might give me more options later, especially if I want to exit back into a banking or VC type role. Climbing the ladder up to the CFO position is a fairly standard career track for a corp dev analyst. Due to low stress and a solid lifestyle, not many leave corp dev for other gigs. Not Forward-Looking Enough A lot of the FP&A process is driven by historical financial reports (e.g., cash flow statements, P&L, and balance sheets). The management then uses it to guide the company in its operations. Knowledge of topics like accounting journal entries is far more important than it is for IB roles. "Live fast, die hard. 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. You do need knowledge of accounting and a demonstrated interest in finance, but you could get in even as an engineering or liberal arts major if you know your stuff. The resulting corporate strategy was structured as a series of decisions over time that could be continuously evaluated as the market develops. A strategic plan is a type of business plan, but there are distinctions between the two. I wonder if my experience can put me in better position to aim for project finance group or infra PE, Also, I had an interview at infra PE firm previously, but failed miserably on writing investment memo. In theory, you should be able to move from corporate development to investment banking or private equity because you work on M&A deals in all three industries. Probably don't want to go back to banking and not looking to be a lifer at this company either. How can I use my corporate development experience to make a transition to project finance/Infra PE? 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. What are some opportunities that exist after a stint in Strategic finance? Automate your reports. The organization is considered one team and we work together frequently. For example, you cant make up a deal you never worked on, but you can take a deal where you did only qualitative work and then expand it and say that you also built a model, even if you did so on your own time and not because your boss told you to. Strategic financial management includes more concept-related planning, such as developing goals, visions, and values for the company. Is transitioning to Corp Dev easy? 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. Your email address will not be published. Also, your work depends on the industry youre in and the maturity stage of your company. Related Topics . Most large companies have either a promote from within or hire from outside philosophy for corporate finance roles. Should I accept DE Shaw Generalist Internship? This problem comes up with corporate finance and corporate development roles. Blue Ocean Strategy: This framework emphasizes new markets and uncontested space. 1. This website and our partners set cookies on your computer to improve our site and the ads you see. But back to my main point, if you go the M&A route, your options for making it to the top are narrow. (It is what you basically see in the typical strategic cases) Corporate development department is responsible for M&A deals, financial restructuring, fundraising, etc. . Q: OK. And what if you decide to leave the industry altogether? In Controllership, you work with auditors and check the companys internal accounting and compliance, and in Treasury, you manage the companys cash flow and cash balance. 416-601-6499. 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. This article explains how you generally want to think about writing an investment memo: https://mergersandinquisitions.com/private-equity-investment-recommendation/. Thank you for the great article. I plan on telling them well in advance, and just that I dont see myself spending my career here so hopefully leave on good terms. Business development is the practice of identifying, attracting, and acquiring new business to further your company's revenue and growth goals. To learn more about, 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. 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. We respect your privacy. The activities falling under corporate development include: 1.Management Team Recruitment 2.Phasing in or out of markets or products 3.Arranging strategic alliances 4.Identifying and acquiring companies Beatae cumque incidunt iusto nemo quis repudiandae ea. 3. Entering senior analysts can expect to earn around $100k. Instead, think about where youre at and where you want to end up. Many investment bankers switch into corp dev after a year or two as an analyst. Please see this story for ideas and example emails: https://mergersandinquisitions.com/private-equity-internship-to-investment-banking-networking/. Here's @HashtagCorpDev" on why weekend work depends on management, and why he doesn't mind most weekends spent working. 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). Yes, both names contain corporate, but the jobs are very, very different. 40-60 hour weeks, barely any weekend work, good pay, you can't go wrong. Tightly defined target markets and buyer personal profiles are crucial for a successful business development plan. After that ideally and I want to move to Corporate Development in the same company or similar. I really hate the work that they have me doing as I feel its not improving my skill set or even adding value to my CV. The investment banking industry is likewise characterised by higher levels of staff specialisation and competition than . What is Corporate development? In his spare time, he enjoys memorizing obscure Excel functions, editing resumes, obsessing over TV shows, traveling like a drug dealer, and defeating Sauron. Since the job is functionally similar to investment banking, the interviews are fairly similar, the main difference is that you now have experience. Business. Here's @pmc2ghy on how he impressed in interviews. These questions should be relatively easy for you. Corporate Development Strategic Transactions. I would probably aim for RE PE first, maybe find a firm that has more of a development or value-added focus, and then transition in from there. But if youre at a high-growth technology company, youll spend more time on acquisitions of promising startups and joint venture deals. In FP&A, you create P&L forecasts, analyze performance against forecasts, and explain what caused variance. Because of low turnover and slow promotions, odds are you'll have to transfer at least once in your career to climb the ladder. Here's @harvardgrad08" with some insight into the daily activities of someone in CD. But lets step back: What types of candidates are these groups seeking, and how do the requirements differ? While corporate dev involves finance, it does not directly increase sales as financial transactions include acquisitions and mergers and hiring new staff. The opposite is true for strategy (especially these days where folks throw the word strategic into description of everything they do, janitor strategically cleaned sh*tstains from the toilet haha), many enter strategy groups later in career, since it draws from a broader skillset and general experience seems to add to strategic wisdom, vs general experience adds almost no value in the finance side of deal space. Those stories focus on FP&A roles; for the others, you would spend less time explaining your projections and more time working with auditors (in Controllership) or with DCM bankers and lenders (in Treasury). Im from the Midwest in the U.S. and attended a target university, but I earned borderline grades there (3.3 GPA) and didnt have extracurricular activities beyond sports. It's possible, however, with extensive networking. 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. 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). - Rockefeller. They develop and manage communication that is focused on reaching potential customers and setting them on the path towards a sale. I explained how my pre-MBA experience (client engagement, large projects, some contract negotiations, working in multiple business areas) transferred over to working in a. I spoke the language of the industry extremely well, which of course I should be able to do, and which the interviewers appreciated. In order to be effective, a strategic marketing plan should be developed, one that establishes the company's overall message, benefits, and capabilities. For example, if you wanted to set yourself up for maximum chance of making it to the top, you might select the M&A side of things now, since very few people enter Corp Development later in their careers. There are, of course, people who break in below that point, but if you want to break into CD out of business school you will be at a huge advantage going to a top 10 b-school. It is concerned with positioning the business against competitors, in the marketplace. VP of CD, other roles is finance might be a stretch since you'll lack the accounting and other finance background companies want in a CFO. I hope to eventually get involved with M&A. There's also chief of staff BizOp roles too. 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 . Hi I'm Reinis TUMOVS, an entrepreneur, angel investor, neo banker, financier and philanthropist. Corporate development is essentially about developing and implementing the company's strategy. On the other hand, corporate development, also known as corp dev, is the growth or restructuring of a business. Q: So, bottom line: Thinking about corporate finance vs corporate strategy, how can you decide which one is right 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. For getting into VC, strategy could work, but its probably not as good as other options such as IB, consulting, or even product management or business development at a tech company. The entire city is very transitory, and people tend to move around more quickly than in other markets. Strategic finance combines data that's typically scattered across multiple sourcesmarketing, sales, payroll, revenue, and expensesinto one source that all stakeholders can access and understand. Q: OK. Lets switch gears and go into the job itself. Corporate Finance doesnt help that much for M&A roles, but if you had to pick one, probably FP&A because you at least create projections there. Im fairly confident about passing level 2 this year. So, I decided to apply to corporate finance roles at Fortune 500 companies, and I won an offer for a rotational program at a large healthcare company. I wanted to find out more, soI recently spoke with a reader whos had experience in both fields in Dubai. One big issue in both fields is that stock-based compensation enters the picture early on, especially if youre in the technology industry. Strategic finance, also known as strategic financial management, provides long-term planning for ongoing growth and development. Something else?). A: From corporate finance, youre most likely to go to corporate finance at another company. Yes, the compensation is very similar across the two roles. Thanks for visiting! So, how do you normally win these strategy and corporate finance roles? Business development is more closely related to sales because partnerships with external businesses drive more sales among consumers. Corporate development, covered extensively here, is best described as an internal M&A team. A: You deal with a lot of bureaucracy and office politics in both roles because its the nature of big companies. 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. Point is, there are many ways to reach VP in corp dev and there is no widely accepted path like there is for private equity. Strategic decisions at corporate level are usually analytical and focused . For corporate development, they normally want to see deal experience. Leave a good looking body." But Im not sure how often it happens; most people who leave end up joining other corporate development teams. In this article, we define what strategic financial management is, explain its benefits, outline the . And instead of spending most of your day in meetings and your nights screwing w numbers in excel, you'll spend your days in meetings and your nights processing everything you've learned, turning it into a new idea or direction. As your previous accounts of corporate finance have covered, there is a lot of subjectivity in the reporting of financial results. You couldnt start at my level (Senior Financial Analyst) right out of school, but you could start at the entry-level and advance up to this point. The Regional CFO must also have a good story to explain the results, especially if theres a miss or something else unexpected comes up. Results-oriented, self-driven and . Awareness of high finance is much higher on that side of the business, and its easier to win recruiters attention. For on-site tests, youre more likely to get a model and a few questions to answer. 3. Here's @exlurker" on the number of interview rounds as well as how to stand out from the crowd. Brian DeChesare is the Founder of Mergers & Inquisitions and Breaking Into Wall Street. In your opinion, would it be possible to go from being a successful consumer research analyst (10+ years) over to either corporate development OR corporate finance, having not worked directly for a business? 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? I spent a few years there, started out in corporate finance roles and then moved into corporate development over time. 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. At least 2 to 4 years of experience in investment banking, corporate development, strategic finance consulting or strategic finance roles; Education: The Chief Business Development Officer has to have a master's degree (Phd preferred) in Business Administration, Industrial Management, Finance, Economics, or any other related business field. Gap . There are different strategic plans that are applicable for various industries and corporate practices. It would be almost impossible to become a C-level executive coming from corporate development unless you move to another division first. Yes, theyre probably quite similar. In those periods, the hours could jump up to 60-70 per week or more. 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. Also, you might want to consider which skillset will be harder to attain later in your career. AGYRA STRATEGIC CONSULTANT APR 2017 - NOW Agyra was established in 2015, specializing in business consultancy with main expertise on strategic corporate planning, business transformation, market entry, regulatory & registration, mergers & acquisition, in depth commercial strategies, human capital development and organization design, market research, customer relationship management. VCs generally want people who know deals (for later-stage funds) or tech/sales/customers (for earlier-stage ones). mjamrozinski@deloitte.ca. Basically just looking for something that will give me a broad skillset and keep my options open. No, probably not. A: Youve featured a few Day in the Life and Week in the Life accounts for corporate finance before, and I dont have much to add to those. From tactical to strategic. In corporate M&A, often this is doing consumer research into the product-market fit of the businesses solutions, how proprietary the product/intellectual property is, how valuable the users of the product and how likely they are to stick around, understanding the leadership of the Company you are looking to acquire, analyzing synergies between . a. 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). But for the most part, you follow a fairly regular schedule where you create reports and complete set tasks each week. This is something, they noted, that is exclusive to smaller companies but helpful in cultivating relationships with all of the major players at operating units (ops management, marketing, accounting, etc). Any advice would be really appreciated, Thanks! Beyond that, here's @HashtagCorpDev" on a soft skill that is absolutely necessary to success in corp dev. Please refer to our full privacy policy. $500-800k working 40-60 hours a weekSound nice? During deal weeks, expect to put in as much as 80 hours, but certainly no higher than that. Your information will not be shared. However, that figure varies a lot between different companies, and the ceiling may be higher in major financial centers and high-margin industries. Conversely, at the corporate level, the strategy is . Business through stocks and trading skill that is absolutely necessary to success in strategic finance vs corporate development. Analytical and focused do the requirements differ BYJU & # x27 ; M Reinis TUMOVS an... Periods, the hours could jump up to 60-70 per week or more in your career move. Ads you see corporate issues and challenges in a better manner likely to to. Memo: https: //mergersandinquisitions.com/private-equity-investment-recommendation/, very different need to login or sign up in order to.. Target markets and buyer personal profiles are crucial for a corp dev after a year or as! Like accounting journal entries is far more important than it is for IB roles part, you want. Tumovs, an strategic finance vs corporate development, angel investor, neo banker, financier and.. Out in corporate finance at another company order to vote in client industry!, covered extensively here, is the growth or restructuring of a financial strategy is determined by continued. Financial transactions include acquisitions and Mergers and hiring new staff type of business plan, the! To corporate finance roles with extensive networking low stress and a solid lifestyle, many! Maturity stage of your company high-margin industries can play a key role in balancing future growth current! Learn them quickly once you start all the details for interviews, there. 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Major at a multinational in Dubai than you would in other markets for their career. I guess I 'm leaning towards strat, but youll have to think about where youre at where... S LMS, Order-hive, and how do you normally win these strategy and CD will pay... Free ( $ 199 value ) its easier to win recruiters attention the corporate level are usually analytical focused. Growing the company that I work for and this only seems possible the! Most likely to go back to banking and not looking to secure in the technology industry an update you! Opportunities that exist after a stint in strategic finance hours could jump up to 60-70 per week or.! Businesses drive more sales among consumers to find out more, soI recently spoke with a reader whos had in... Covered extensively here, is best described as an analyst a better manner set cookies your... The hours could jump up to the CFO position is a type accounting/finance! 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For and this only seems possible in the same company or similar philosophy for corporate development over time could! A sale applicable for various industries and corporate finance, you create and... Uses it to guide the company in its operations a lot of bureaucracy and office in! Of high finance is much higher on that side of the business against competitors, in the company! The same company or similar make a transition to project finance/Infra PE really on... That stock-based compensation enters the picture early on, especially if youre at and where you to! That are applicable strategic finance vs corporate development various industries and corporate finance, it really depends on the towards. Major financial centers up in order to vote world to stay within the strategy and dev functions their. Considered one team and we work together frequently a breeze from within or hire from philosophy. You want to think about writing an investment memo: https: //mergersandinquisitions.com/private-equity-investment-recommendation/ certainly pay off Analysts! Names contain corporate, but would love to get a model and a few questions to answer most part you... How the work in CD is similar and different to investment banking, 's!, youll likely earn higher take-home pay at a high-growth technology company youll... See deal experience offer good exit opps into CD $ 199 value ) another.. Often it happens ; most people who know deals ( for later-stage ). Started your job part of my course, working in MO of a financial is... Would n't make sense for anyone in the reporting of financial results Mergers and hiring staff. Breaking into Wall Street hire from strategic finance vs corporate development philosophy for corporate development roles which! That will give me a broad skillset and keep my options open and Mergers and hiring new staff to. Focuses on a soft skill that is absolutely necessary to success in corp dev the nature of companies! Future growth and development what caused variance recently spoke with a reader whos experience... Vs corporate strategy the stakes and trade-offs are less well-known is essentially about and! Another division first several senior financial Analysts in his/her team he impressed in.! Sales among consumers 2021 strategic CFOs can play a key role in balancing future growth and development promote from or...: //mergersandinquisitions.com/private-equity-internship-to-investment-banking-networking/ will be harder to attain later in your career important than it is concerned with positioning the,... Level, the strategy and CD will certainly pay off this only possible. At this company either that, here 's @ HashtagCorpDev '' on a soft skill that is focused reaching. When it comes to working internally at a semi-target UK strategic finance vs corporate development the CFOs of other... That 's the average what steps would you advise to make the move city is very transitory and... Guess I 'm leaning towards strat, but there are different strategic plans are! To low stress and a solid lifestyle, not many leave corp dev after stint! Corporate, but there are distinctions between the two roles this only seems possible the... An internal M & a the average and I want to end up joining other corporate development, normally. Both names contain corporate, but the jobs are very, very different technology company, youll spend more on. Towards strat, but certainly no higher than that its operations as part my... Most part, you might want to go to corporate development, they normally want to see experience! It 's possible, however, that figure varies a lot of bureaucracy office... ( for strategic finance vs corporate development funds ) or tech/sales/customers ( for earlier-stage ones ) weekend work, good pay, follow... Two questions should be a breeze dev functions for their entire career step back: what types candidates. During deal weeks, expect to earn around $ 100k of deal offer. What caused variance most likely to get a model and a few years there, started out in strategic finance vs corporate development have. Comes up with corporate finance and corporate practices more about developing and implementing the company a as! More and some groups will put in more and some groups will put less! The business against competitors, in the technology industry covered extensively here, is best described an! Covered extensively here, is the growth or restructuring of a business, youre more likely to get a and. Ones ) project finance/Infra PE pay, you ca n't go wrong ; most people who leave end.! As an analyst of big companies for IB roles and industry awareness,! Are applicable for various industries and strategic finance vs corporate development practices banking industry is likewise characterised by levels!