Corp Dev career path

Discussion in 'Business, Careers & Education' started by Souper, Mar 23, 2011.

  1. Souper

    Souper Senior member

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    I was considering my long term career options and I've been having trouble figuring out what the career progression is like for F500 Corp Dev.

    Assuming you've done 2 years as a banker out of school, what title/salary do you start out with when moving to F500 corp dev? How much of this is cash/deferred? Specifically for someone coming from this exact background, I guess I might do 2 years in this position before going back for an MBA.

    I'm also trying to figure out what the title progression is like(with timelines and salary levels)

    Any insight would be appreciated.
     


  2. cchen

    cchen Senior member

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    your title would likely be Senior Analyst, Manager, or Associate. The salary would be comparable to what you'd earn as a 3rd yr analyst or 1st yr associate but the bonus will be minimal.

    Stock?? dream on....
     


  3. Flambeur

    Flambeur Senior member

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    your title would likely be Senior Analyst, Manager, or Associate. The salary would be comparable to what you'd earn as a 3rd yr analyst or 1st yr associate but the bonus will be minimal.

    Stock?? dream on....


    This is pretty accurate, but I've seen that it really varies between companies.
     


  4. Souper

    Souper Senior member

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    Thanks. I was not aware that these positions generally pay all cash and not deferred. Is promotion after 3-4 years common, or is the progression slower?
     


  5. kasper007

    kasper007 Senior member

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    Thanks. I was not aware that these positions generally pay all cash and not deferred. Is promotion after 3-4 years common, or is the progression slower?
    While some very large corp may have a structured program, promotions are generally driven by needs, not merits, especially in smaller team. That means that may get promoted after 2 years because the person above you quit / got promoted and the position opened up, but could have to wait more than 3-4 if no more positions opens up. That goes for every level. Unlike investment banks, F500 are extremely pyramidal so there's a lot less "room" at the top and it can lead to frustrating career progression. Pay is generally unlike anything you'd get in banking and the progression is very slow until and if you can get an executive position.
     


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