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Prep/Corporate Development

Corporate Development

534
questions
Start the Behaviorals set

New to this? Read the lessons first. 6 tracks, in the order to learn them.

Open Learn

Drill sets7 sets

  • All topics534 questionsMixedEvery topic in one set, shuffled, the way a real interview jumps from your story to a DCF to a market question.Sign in to save scoresStart this set
  • Behavioral101 questionsBehavioralsWhy corp dev, why this company, working with business units, and the STAR questions.Sign in to save scoresStart this set
  • Technicals86 questionsStrategic M&AWhy companies buy, the deal process from the buyer's side, synergies, and when to walk away.Sign in to save scoresStart this set
  • Modeling91 questionsValuation and accretionValuing a target as a buyer, synergy value, accretion and dilution, and what you can afford to pay.Sign in to save scoresStart this set
  • Technicals86 questionsIntegrationDay one, retaining people, capturing synergies, and why most deals miss their plan.Sign in to save scoresStart this set
  • Markets84 questionsStrategyBuild, buy, or partner, market sizing, competitive position, and portfolio choices.Sign in to save scoresStart this set
  • Technicals86 questionsAccountingPurchase accounting, goodwill, earnouts, and how a deal shows up in the company's statements.Sign in to save scoresStart this set

More ways to practice

  • Cases8 cases played step by step, with exhibits, the math, and a model answer. The first is free.→
  • Speed drills1 timed math drills, new problems every run.→
  • Voice mockAn interviewer asks out loud and you answer out loud.→
  • Timed interviewsA first round and a superday on the clock, scored at the end.→
  • Modeling testsBuild the model in a sheet against the clock.→
  • Terms68 Corporate Development terms, each with a worked example.→
  • Company sets13 firms, how each one interviews and what it asks.

How the interview runs5 stages

  1. 1ApplicationResume through the company's careers site. Many corp dev internships sit inside a finance rotational program, so the screen is the program's.
  2. 2Recruiter or phone screenWhy this company, why corp dev, and whether you know what the business sells and how it makes money.
  3. 3First roundA corp dev associate or manager. Your story, a deal the company did, valuation and accretion basics, and how a buyer thinks differently from a banker.
  4. 4Final roundSeveral team members and sometimes a business unit leader. A strategic case (should we buy, build, or partner), a deal critique, integration questions, and fit with an in house team.
  5. 5OfferOften tied to a rotational program. Timelines follow the company's calendar, not the banks'.

What gets askedShare by topic

  • Fit and why this company30%
Read next7 outside sources
  • How to get a Corp Dev/strategy job out of undergraduateWhy most corp dev teams want banking first and the rotational programs that skip that step.WSO
  • Corporate Development programs out of undergradNames companies that take undergrads directly into corp dev or strategy programs.WSO
  • Corporate Development - Any real life info?People in corp dev describe the work from deal screening to negotiating LOIs, plus hours and pay.WSO
  • Q&A: Corp DevA corp dev professional takes questions on the day to day and how it compares to banking.WSO
→
Strategic M&A and deal judgment25%
  • Valuation and accretion20%
  • Strategy and integration15%
  • Accounting10%
  • Mergers & Inquisitions: corporate developmentMergers & Inquisitions
    What the job is inside a company and who hires undergrads into it.
    Site
    Free
  • Investment Banking: Valuation, LBOs, M&A, and IPOsRosenbaum and Pearl, WileyThe M&A chapters. Corp dev interviews are banking interviews with a strategy twist.BookPaid
  • Corporate Finance InstituteCFIFree primers on accretion and dilution and deal structures.CoursePaid