Corporate Development Careers

Top 4 Corporate Development Careers

Below is the list of top Corporate Development Career path that you can look for –

Corporate Development Careers

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Corporate Development Careers Overview

Corporate development refers to the process of planning and implementing organizational strategies for the growth of the company. It is a team which focuses more on merger & acquisitions, divestituresDivestituresDivesting, also known as divestiture, refers to the sale or transfer of the significant assets, divisions, investment of the business due to some financial, political or social reasons such as a business can sell the department which is not a core part of the business and is not providing benefits to the company so that the business can focus on the units that can provide better earnings.read more, joint venturesJoint VenturesA joint venture is a commercial arrangement between two or more parties in which the parties pool their assets with the goal of performing a specific task, and each party has joint ownership of the entity and is accountable for the costs, losses, or profits that arise out of the venture.read more, and strategic alliances in order to accelerate the company’s growth and reach in the market and gain a larger market share ultimately. It is headed generally by the Chief Executive Officer of the company under the guidance and support of the promoters.

Corporate Development is one of the most crucial departments of any company since it plays a vital role in shaping Business in the long term. Let us now look at the top 4 career options in Corporate Development –

#1 – Analyst

Who is an Analyst?

Analyst prepares deal books on the companies that are open for acquisition for the CEO to make strategic decisions. This is an entry-level position in the company which helps the analyst to understand the markets and the industry in which he is working

Analyst – Job Description
ResponsibilitiesResponsible for updating the deal books on the potential acquisition opportunities on a periodic basis and perform industry analysis as well to complement the decision-making process.
DesignationAnalyst
Actual RoleIs to work on company profiles in the market and highlight the potential opportunity to the CEO looking out for Acquisition.
Job StatisticsNo data has been shared by the Bureau of Labor Statistics in the US.
Top CompaniesGoogle, Facebook, Apple, Microsoft, Goldman Sachs are some of the Top 5 Companies that are active in the M&A space and there will be plenty of opportunities there in the corporate development team.
SalaryThe median annual salary for an analyst will be between $50,000 to $60,000. This is a very broad number and can vary from company to company.
Demand & SupplyHighly demanded profile since it requires extensive presentation skills to prepare different types of pitches on the companies and report the same to the senior management.
Education RequirementCFA/CPA / MBA from Tier -1 Universities with at least 2-5 Yrs of Exp
Recommended CoursesCPA/ MBA / CFP/ CFA
PositivesBe a part of the entire deal cycle and chances to earn huge bonuses at the end of the year
NegativesLong working hours on building presentations can be boredom.

#2 – Associate

Who is an Associate?

The associate oversees the work done by the junior analyst and guides him in the deal process. He leads the execution of the deal and is the single point of contact between the CEO and the other company.

Associate – Job Description
ResponsibilitiesResponsible for checking the work done by the analyst and mentoring him with the required knowledge and expertise required for the job.
DesignationAssociate
Actual RoleSupport the vice president in the entire deal cycle and play an important role in the execution as well as he is supposed to handle a team of analysts under him.
Job StatisticsNo data has been shared on the Bureau of Labour statistics of US.
Top CompaniesGoogle, Facebook, Apple, Microsoft, Goldman Sachs are one of the Top 5 Companies who are active in the M&A space and there will be plenty of opportunities there in the corporate development team
SalaryThe median annual salary for an investment banking associate can be anywhere between $1,00,000 to $1,20,000 since it is a professional role.
Demand & SupplyHighly knowledgeable and skilled role since it requires practical experience to execute an M&A deal in the company.
Education RequirementCFA/CPA / MBA from Tier -1 Universities with at least 7-10 Yrs of Exp
Recommended CoursesCFA/CPA/ MBA
PositivesLead a team of analysts and report to the vice president.
NegativesLong working hours and is responsible for all the work done by the junior analyst.

#3 – Vice President

Who is Vice President?

Vice President leads the corporate development division in the company with a team of analysts and associates and reports to the director about the potential opportunities in the M&A space and draft strategies as to how we can accelerate the company’s growth.

Vice President – Job Description
ResponsibilitiesResponsible for corporate development and execution of deals.
DesignationVice President –Corporate Development
Actual RoleTo build relationships and alliances with corporate in the markets and help the organization to prosper
Job StatisticsThe Bureau of Labour Statistics of the US does not display data on this role.
Top CompaniesGoogle, Facebook, Apple, Microsoft, Goldman Sachs are one of the Top 5 Companies who are active in the M&A space and there will be plenty of opportunities there in the corporate development team
SalaryThe median annual salary for a general manager can be anywhere between $ 1,00,000 – $2,00,000
Demand & SupplyHighly demanded profile in corporate development because he is a Single point of contact between the companies.
Education RequirementCFA/CPA/MBA/Valuation expert with 10-15 Yrs of Exp
Recommended CoursesCFA/CPA/MBA from Tier I Universities
PositivesLeads the department and allocates deals to the team members for performing the required due diligence.
NegativesThe salary component is less fixed and more variable or performance pay.

#4 – Director

Who is the Director?

Director spearheads the corporate development department of the company and reports to the CEO about the potential M&A opportunities and the strategic alliances that can be made for the betterment of the company in the future.

Director – Job Description
ResponsibilitiesResponsible for sourcing potential deals from the market that will complement the current status of the company and help the same to accelerate.
DesignationDirector
Actual RoleLead the corporate development vertical and update the CEO about the future plan.
Job StatisticsNo data has been displayed by the Bureau of Labor Statistics.
Top CompaniesGoogle, Facebook, Apple, Microsoft, Goldman Sachs are one of the Top 5 Companies who are active in the M&A space and there will be plenty of opportunities there in the corporate development team
SalaryThe median annual salary for the same can be anywhere between $ 5,00,000 to $10,00,000.
Demand & SupplyIs a specialized professional role which the highest degree of networking skills and contacts to get the work done.
Education RequirementCFP/CPA / MBA from Tier -1 Universities with at least 15-20 Yrs of Exp
Recommended CoursesCPA/MBA/CFA
PositivesSpearhead the most highly paid department of any organization. Opportunity to visit large corporate and develop a relationship that may have synergies in the long term.
NegativesRisky profile to work with as one wrong transaction may blow the company in no time.

Conclusion

Corporate development is one of the most favored roles in the industry since it comes with very high compensation and knowledge. With the Kind of technological advancement in the world, the M&A industry is going to get doubled from where it is now. Going forward, there will be a lot of scope in the corporate development profile. Since it is a CEO level role, it requires an extensive amount of technical and business management skills in order to drive the company strategy and lead the same to the topmost position in the market and further maintain the same in the long run.

Recommended Articles

This has been a guide to Corporate Development Careers. Here we provide the list of top 4 corporate development job options & career paths that a person can reach in his career, for e.g., Analyst, Associate, Vice president, Director, etc. You may also have a look at the below articles –

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