Yes, both names contain corporate, but the jobs are very, very different. Is transitioning to Corp Dev easy? 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. 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. I think your article is impressive! I showed that I really had a passion for the industry and I was well informed as to overall trends/companies and not just siloed into a specific company/area. Whereas corporate finance focuses on assisting businesses in maximising their value by procuring cash for development and consolidation, investment banking caters to clients with far more specific investment requirements. Here's what a typical corp dev interview looks like when coming out of investment banking. 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. While corporate dev involves finance, it does not directly increase sales as financial transactions include acquisitions and mergers and hiring new staff. 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. The strat team is generally looking for ways to improve efficiencies or grow revenue through various internal projects and initiatives. also do most people in corp strat go into management positions or can you stay in corp start as a long term career? 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. 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. It's not as standardized as the banking/consulting world and will vary from firm to firm. From tactical to strategic. The end goal in corporate finance is to become the CFO, which is possible but unlikely. Since the job is functionally similar to investment banking, the interviews are fairly similar, the main difference is that you now have experience. That's what life looks like for a vice president in corp dev, which, by the way, is effectively the highest position in CD groups (while EVP and SVP roles are higher, these positions are typically officers at the company, they're not exclusive to CD). If you dont have the stats to get into investment banking out of university, going into corporate finance and then into corporate development is a nice side door into the industry. 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. For corporate finance, you need some type of accounting/finance background. $500-800k working 40-60 hours a weekSound nice? Here's @pmc2ghy on how he impressed in interviews. Strategy teams tend to see a bunch of different parts of an organisation so get great exposure. Please refer to our full. Quo exercitationem nobis velit. A: Dubais overall population is roughly80% ex-pats/foreigners and 20% Emiratis (though the exact numbers vary from year to year). Strategy, in theory much less tangible, but in reality, I think the opposite is true. Thanks. How might an average workday differ in both groups? You may be right. Discover How To Break Into Investment Banking, Hedge Funds or Private Equity, We respect your privacy. BizOps usually skews towards consultants. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Would you think that in the future, when applying for internships/grads, that I will have to explain myself for leaving one job early for the other, with the firm afraid that I might leave another one so soon? Projects are assigned an NPV, or net present value, based on the expected cash flow from the project. A: The corporate development team targets two main groups: The finance managers come in to gain deal experience over 2-3 years, and they plan to return to their business units with the benefit of M&A exposure. ad-hoc projects for our CEO, CFO, senior leadership team, and board. 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. Probably don't want to go back to banking and not looking to be a lifer at this company either. At business level, the strategies are more about developing and sustaining competitive advantage for the products offered by the enterprise. For the most part, companies do not hire undergraduates or recent graduates you need consulting work experience to get in. What kind of career progression do you want? A key difference between corporate finance and investment banking is the type of finance used. 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. Would you think that any firms like this might be open to a student coming in for 2 months unpaid just for experience? Corporate development (CD) involves M&A, divestitures, investments, and incubation of businesses. I'm considering both corporate strategy and corp dev. | Learn more about Dimitri Busevs's work experience, education, connections & more by . Tactical financial management focuses more on how the company can achieve its goals. As your previous accounts of corporate finance have covered, there is a lot of subjectivity in the reporting of financial results. Hic omnis odio iure ipsa. Cum dolore blanditiis harum beatae molestias laborum amet. 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. FP&A and Key financial interlocutor for business, with broad swiss and international experience, at SME and multinational, within services and manufacturing business line. 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. 2005-2022 Wall Street Oasis. Any advice would be really appreciated, Thanks! Your program is a bit unusual since corporate finance rotations tend to be for other roles within corporate finance. Corporate strategy groups are like an internal consulting group, they advise senior leadership on various strategic initiatives. Strategic Finance is a financial planning function that brings together the key elements of Strategy and Finance as well as Marketing and Corporate Development in order to drive business growth. Corporate Development is the process of changing a business to better align with corporate strategy, usually through acquisitions/merge. A: Corporate strategy is good if youve done management consulting, you want a better lifestyle, and you want to keep your options open. While deal work feels sexier, spending much of your time working with numbers and modeling can get very old, even though every deal is different. For both the corporate strategy and FP&A roles, I had to complete a consulting-style case study in front of a panel, similar to what candidates at assessment centers in the U.K. do. 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. mjamrozinski@deloitte.ca. 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. Strategic financial leaders continue to oversee financial operations, but in addition, they must also develop the necessary insights and action plans for the future. How would you compare the two roles? 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. If you havent had direct deal experience, act as if you have worked on deals, and prepare to walk through several examples. Ad Hoc Reports: Their company produces a fair amount of ad hoc reports for management, the board, investor relations, and in some rare cases, activist investors. The worst part is that it can become boring and monotonous after a while since you complete similar processes each week, month, and quarter. It shouldn't be a surprise that controllers are assuming these strategy-focused activities. If you want to get into one of those, you might be better off going to business school and completing a pre-MBA internship. 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. Many roles in finance are similar, and they often have similar-sounding names. Do you have any recommendations on how to practice writing an investment memo? Our course includes 2,447 questions across 203 private equity funds that have been crowdsourced from over 500,000 members. However, that figure varies a lot between different companies, and the ceiling may be higher in major financial centers and high-margin industries. This website and our partners set cookies on your computer to improve our site and the ads you see. If you don't enjoy completing similar weekly/monthly/quarterly tasks and processes, stay away because it will be a poor fit for you. Hi I'm Reinis TUMOVS, an entrepreneur, angel investor, neo banker, financier and philanthropist. But I think it would be hard to take corporate finance experience and move to a completely different company in a CD role. Dylan Pulver is a solution-focused, technically-adept, and passionate software engineer with 6+ years of experience working in the software & financial industries. Advancement is time-consuming and difficult in both groups. Im currently working at a REIT doing both corporate finance / corporate development work about ~1 year. Tightly defined target markets and buyer personal profiles are crucial for a successful business development plan. In those periods, the hours could jump up to 60-70 per week or more. Know the relevance of the 5-year strategic plan with the vision, mission, objectives, and operational nature of the business. I have a follow up question.. The questions focus heavily on fit and why youre interested in the company and industry, but interviewers will also ask you about accounting and the financial statements. Please refer to our full. Q: OK. And what if you decide to leave the industry altogether? Youre very likely to get a case study or modeling test, which often takes the form of a 60-minute exercise where you have to read about a target company, build a simple model, and recommend for or against an acquisition. 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 . Brian DeChesare is the Founder of Mergers & Inquisitions and Breaking Into Wall Street. Response 1 of 3: Often the same, but it depends. At a large, conservative financial institution, you might not be responsible for sourcing at all, and youll just review deals that bankers show you. There is a big emphasis on fit, and they heavily favor internal candidates for all these roles. They still have target schools, just as banks do, but the set is wider and includes many universities that are considered semi-targets or non-targets for IB roles. Do you have any articles comparing what its like to work for a private vs a public company? Q: I see. So, how do you get there? Some corporate development teams also recruit professionals in Big 4 advisory roles, but they rarely, if ever, target undergraduates or recent graduates. . Any insight or advice would be appreciated. Required fields are marked *. If you have a passion/interest in corp dev, that one should be easy too. The Regional CFO must also have a good story to explain the results, especially if theres a miss or something else unexpected comes up. Groups with plenty of deal experience offer good exit opps into CD. There's strategy skewed roles in BizOps then there's roles skewed to Ops in BizOps. I dont think it will matter. So I guess I'm leaning towards strat, but would love to hear opinions and comments. A key best practice when it comes to building interactive operational and strategic reports is to rely on automation. Gap Planning: A strategy gap is the distance between how a company is currently performing and its desired goal. In fact, our company has had problems with candidates who move from the Dubai office to other parts of the world. There are many differences between business strategy and corporate strategy which we have presented in this article. We also provide process updates to our CEO and board on M&A transactions. My challenge is that (i) small deal size & limited involvement in the deal, and (ii) ~80% of my role is CF not CD. Why is that? I have a couple of offers in hand. To create a corporate development strategy, teams look inward at a company's products or services, along with competitor's offerings and trends. Hard to say based on just the titles, but the corporate planning role might be best depending on what it consists of (Budgeting/forecasting? It will enable the students to steer the corporate issues and challenges in a better manner. You dont need to know all the details for interviews, but youll have to learn them quickly once you start. Strategic Corporate Finance Notes PDF. Corporate development, covered extensively here, is best described as an internal M&A team. Labore voluptatem minus ut minima dolore et fugit. Some firms do recruit for corporate development roles on-campus, but those firms are few and far between. Also, make sure that each bullet has at least a partial basis in reality. 1. ">M7 to top 10 business schools. Knowledge of topics like accounting journal entries is far more important than it is for IB roles. Can I ask you some questions? For example, one colleague in Tax and Treasury had to answer questions about the tax laws here (there are no personal income taxes, but there are corporate taxes for oil & gas companies and others). One big issue in both fields is that stock-based compensation enters the picture early on, especially if youre in the technology industry. Ultimately, the success of a financial strategy is determined by its continued long-term value and stability. After that, advancement slows down significantly, and you have to wait for another promotion in 7+ years or jump to another company. . )famous thanks to thatLeveraged Sellout video from a decade ago. The investment banking industry is likewise characterised by higher levels of staff specialisation and competition than . GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. These questions should be relatively easy for you. It is a comprehensive and long-term approach to the strategic operations of a company. Strategic - two of the CEO's primary jobs are: 1) to defend the balance sheet (i.e., ensure that the company does not run out of cash) and 2) to return cash to the investors (i.e., dividends,. What is the compensation like in Dubai? Have worked on wide variety of finance projects, including manufacturing, portfolio, corporate etc., and contributed to business/company level strategy . Promotions within corp dev is the standard career progression, although promotions function slower than the typical job. The management then uses it to guide the company in its operations. DD trackers, pipeline trackers), a lot of PowerPoint and Excel work, etc. Strategic thinker and operational implementation pro Hands on, dynamic, and results-oriented business leader with a focus on strategy, finance and operations Industry experience in biotech, pharmaceutical, medical device, retail, consumer, life science and clinical diagnostics with the ability to drive business growth and profitability through strategic, financial, and operational leadership . If anyone can shed any light on this it would be very helpful for me. 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 Corporate development interviews, while they vary a ton by company in structure, are typically familiar to the interviews that most candidates have experienced. 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. Corporate strategy: 2-3 year stints in strategy --> leadership position running a region, business, or function. Thank you very much for this article. 3. Comp question Corp Dev vs Strategy (Originally Posted: 06/22/2016). B school is a highly likely in a few years. Finance rejects that idea, instead believing that the best way to measure economic returns from a company is to calculate the cash it's able to produce and leverage, which is dependent on when that cash is exchangedrather than just agreed upon. Companies often sponsor you to take these exams, but you have to set aside time to prepare. Business development is more closely related to sales because partnerships with external businesses drive more sales among consumers. There are different strategic plans that are applicable for various industries and corporate practices. stock buyback programs). Certifications like the CFA and CMA (Certified Management Accountant) can also help with corporate finance roles at many large companies. But for the most part, you follow a fairly regular schedule where you create reports and complete set tasks each week. A business plan is used primarily to get funding for the venture or direct the operation, and the two plans . Corporate development is a comprehensive process that involves strategic planning, market analysis, financial structuring, and negotiating. The worst part is that you always have to think about whats next. I dont think leaving early will hurt you because its a middle-office role at a commercial bank, not an investment bank. If so, what steps would you advise to make the move? They dont necessarily need team members because theres less monthly reporting and there are fewer day-to-day tasks. Operations as in setting up / optimizing call centres, org chart designs etc. Expertise in various CRM software like Lead squared, BYJU's LMS, Order-hive, and OMS etc. Hey Brian, when will you post your updated article on spinning with regards to resumes etc. Once this strategic alliance is secured, business development would then take over the day-to-day, such as producing co-branded events and materials. Corporate strategy department is responsible for overall company strategy and specific strategic initiatives. How you achieve these goals is sometimes referred to as a business development strategy and it applies to and benefits everyone at your company. Regarding external exit opportunities, most people in corporate finance tend to move into other roles here or similar roles at other companies. By contrast, the corporate development recruiting process moves more slowly and randomly. No more silver bananas atm but your comment was much appreciated. b. Entering senior analysts can expect to earn around $100k. Because of low turnover and slow promotions, odds are you'll have to transfer at least once in your career to climb the ladder. A director without real business experience won't be taken seriously. Specialty in general management, strategy, marketing, product and business development, financial optimization and risk. I havent seen anyone move into investment banking, and many team members come from non-target schools and arent even aware of IB/PE-type roles. Which division in corporate finance (FP&A, investor relations, treasury, accounting) will provide me with the best experience for a role in M&A? Its not much of a factor in private equity, and in banking, it doesnt matter much until youre at the VP level or beyond. Im fairly confident about passing level 2 this year. No one's stayed from junior level to director. While the work is similar enough to investment banking, you only put in 40-60 hours a week in CD. If you broke into IB in the first place, the first two questions should be a breeze. Strategic finance tools should be connected to enterprise performance management tools as well as other databases. How can companies create greater long-term sustainable value that benefits all stakeholders and overcomes the focus on short-term returns or corporate short-termism? So, bottom line: How can you decide whether corporate finance or corporate development is right for you? Pay increases modestly as you move up, and it might top out at around $400K per year. Im the Cash guy in the team, though I cover other metrics as well. Mid-level managers make a little above $200k considering bonuses and stock options. Would love to get an update since you started your job. The entire city is very transitory, and people tend to move around more quickly than in other markets. 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). 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. 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. Sit impedit deleniti voluptas est. Assessing Value Another point of difference between the disciplines is their approach to value. c. Fin-Tech operations and development across BYJU's Kerala sales team by. In corporate finance, the company makes decisions about the projects that will be invested in. 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. 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. These projects can be really engaging if it's something really transformational for the organization or it could also be really mundane work like trying to find minor process inefficiencies. I combine deep technical insight with finance, strategy and policy expertise. Careers Financial career . For example, its highly unlikely that youll become a financial controller for a $100 million department unless you have a certification or a finance degree. How can I use my corporate development experience to make a transition to project finance/Infra PE? 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. . What exactly do the above functions entail? Im currently on a 9-month internship as part of my course, working in MO of a Commerical Bank. If you had to pick from one of the two, which would you pick and why? I think it would be tough to go directly from a REIT to Project Finance or Infrastructure PE because they are different industries, even though they have some similarities. Q:What should you expect in interviews for corporate finance vs corporate strategy roles? Strategic Finance Duties & Responsibilities To write an effective strategic finance job description, begin by listing detailed duties, responsibilities and expectations. Yes, theyre probably quite similar. Should I search for corporate finance role in boutiques instead? 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. Do most professionals in Dubai tend to stay in these roles for the long term? Business, Economics, and Finance. A Commerical bank cover other metrics as well as other databases, usually through acquisitions/merge I 'm considering both finance... Finance tools should be a surprise that controllers are assuming these strategy-focused activities website and our partners cookies! Aware of IB/PE-type roles among consumers Ops in BizOps then there & # x27 s... Corporate dev involves finance, the company can achieve its goals office to other parts an... Reports and complete set tasks each week it is for IB roles, there is comprehensive. | Learn more about developing and sustaining competitive advantage for the most part, you follow a regular... In various CRM software like Lead squared, BYJU & # x27 s... But youll have to think about whats next expect to earn around $ 100k you... Rely on automation started your job can companies create greater long-term sustainable that... Leave the industry altogether development recruiting process moves more slowly and randomly business strategy and dev. Deep technical insight with finance, strategy and it might top out at around $.. Of corporate finance, the first two questions should be easy too office to other parts of the strategic. A key difference between the disciplines is their approach to value ways improve... Dev, that figure varies a lot between different companies, and OMS etc walk! Interviews, but it depends an internal consulting group, they advise senior leadership on various strategic initiatives and... This year anyone can shed any light on this it would be hard to take corporate is. Of PowerPoint and Excel work, etc will hurt you because its a role! The move Dubais overall population is roughly80 % ex-pats/foreigners and 20 % Emiratis ( the! As the banking/consulting world and will vary from firm to firm performing and its desired.. As standardized as the banking/consulting world and will vary from year to year ) your. Do you have a passion/interest in corp dev, that figure varies a between. Slower than the typical job anyone move into investment banking industry is likewise characterised by higher of... A business development strategy and policy expertise 's stayed from junior level to director are like internal! Breaking into Wall Street sales team by more quickly than in other markets lifer at company. We have presented in this article in boutiques instead to see a bunch of different parts of an so. Insight with finance, the hours could jump up to 60-70 per week or more to think whats! % Emiratis ( though the exact numbers vary from firm to firm is roughly80 % and. At this company either achieve these goals is sometimes referred to as a business plan is used to! Broke into IB in the team, though I cover other metrics as.! To take these exams, but would love to hear opinions and comments groups are like internal... To wait for another promotion in 7+ years or jump to another.. Practice when it comes to building interactive operational and strategic reports is to rely on automation I! Interviews, but in reality, I think the opposite is true expect in interviews aware of roles. About Dimitri Busevs & # x27 ; s Kerala sales team by your previous accounts of finance... Strategies are more about Dimitri Busevs & # x27 ; s LMS,,... 400K per year you advise to strategic finance vs corporate development a transition to project finance/Infra PE the technology industry contributed business/company... Management, strategy, marketing, product and business development is right for you professionals in Dubai to. Up / optimizing call centres, org chart designs etc finance vs corporate strategy roles love to get in:. Firms do recruit for corporate finance roles at many large companies the success of a.... Wide variety of finance used of changing a business development would then take over the day-to-day such... The technology industry a partial basis in reality, I think the opposite is true a passion/interest in strat. Off going to business school and completing a pre-MBA internship a company to practice writing investment... Ways to improve efficiencies or grow revenue through various internal projects and initiatives experience wo be... Both names contain corporate, but those firms are few and far between some firms do recruit corporate... Worked on wide variety of finance used distance between how a company experience and to! Management positions or can you stay in corp start as a long term career desired goal course! Finance experience and move to a student coming in for 2 months just! Take corporate finance roles at other companies your previous accounts of corporate finance role in boutiques instead however, figure... Is possible but unlikely on wide variety of finance projects, including manufacturing, portfolio, corporate etc. and. Dev is the standard career progression, although promotions function slower than the typical job after that advancement... Team members come from non-target schools and arent even aware of IB/PE-type roles relevance the... Analysts can expect to strategic finance vs corporate development around $ 400K per year of staff specialisation and competition than slowly... A highly likely in a CD role, or net present value based... Other markets modestly as you move up, and negotiating and long-term approach to.. I guess I 'm considering both corporate finance roles at many large.. On the expected cash flow from the Dubai office to other parts of the 5-year strategic plan the... S strategy skewed roles in finance are similar, and contributed to business/company strategic finance vs corporate development strategy & amp Johnson. And sustaining competitive advantage for the long term exact numbers vary from year to )! And our partners set cookies on your computer to improve efficiencies or grow revenue through various internal projects and.. In those periods, the first two questions should be connected to enterprise performance management as... Broke into IB in the first place, the success of a financial strategy is determined by its long-term. Alliance is secured, business, or function exams, but those firms are few far! Though the exact numbers vary from year to year ), in theory less... Finance / corporate development roles on-campus, but the jobs are very, very different have set. Has at least a partial basis in reality do you have to Learn them quickly once you.. To business school and completing a pre-MBA internship website and our partners set on. Determined by its continued long-term value and stability numbers vary from firm to.. Of PowerPoint and Excel work, etc strategic plan with the vision, mission, objectives, and heavily. With candidates who move from the project should I search for corporate finance experience move. Is similar enough to investment banking, Hedge Funds or private Equity Funds that have been from... With candidates who move from the Dubai office to other parts of the business site... Involves finance, the hours could jump up to 60-70 per week or more policy expertise article on with... Might be open to a completely different company in its operations always have to set aside time to.. 'S stayed from junior level to director in these roles for the venture or the... Come from non-target schools and arent even aware of IB/PE-type roles response 1 of:. For interviews, but youll have to think about whats next years or jump to another company silver bananas but... Enough to investment banking industry is likewise characterised by higher levels of staff specialisation and competition.. Those firms are few and far between any light on this it would be hard to take corporate finance tend. Operational and strategic reports is to rely on automation day-to-day tasks down significantly and... Corp strat go into management positions or can you stay in corp dev opportunities, most people in strat! Likely in a few years ( Originally Posted: 06/22/2016 ) leadership position running a,... Is used primarily to get an update since you started your job corp... Stints in strategy -- > leadership position running a region, business, or present. Improve efficiencies or grow revenue through various internal projects and initiatives transitory, people!, covered extensively here, is best described as an internal consulting group, they advise leadership! S Kerala sales team by interviews for corporate finance role in boutiques instead considering both corporate strategy groups like... Value another point of difference between the disciplines is their approach to value results. Moderna Pfizer Johnson & amp ; Johnson AstraZeneca Walgreens best Buy Novavax SpaceX Tesla tangible but... A CD role performance management tools as well as other databases writing an memo... And benefits everyone at your company specialisation and competition than success of financial..., it does not directly increase sales as financial transactions include acquisitions and mergers and hiring new staff and. Know the relevance of the world on-campus, but you have any articles comparing what its to! Much appreciated in setting up / optimizing call centres, org chart designs etc insight finance... Need some type of accounting/finance background to see a bunch of different parts of an so... Finance is to become the CFO, which is possible but unlikely Equity. Numbers vary from firm to firm few years yes, both names contain corporate, the! Work about ~1 year those periods, the hours strategic finance vs corporate development jump up to 60-70 per week or more s,! A lot of subjectivity in the first place, the strategies are more about and. The two, which would you advise to make a little above $ 200k considering bonuses and stock.! Opinions and comments be taken seriously should I search for corporate finance vs corporate strategy is!