Currently working in Corporate Banking supporting the finance of M&A transactions but have been speaking with a few MD’s in Transaction Advisory Services with RSM. I eventually would like to move into a strategy based role like Corporate Strategy/Corp Dev. Is a move like this common? Or would a move like this be taking a step back?

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Posting as :
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Tbh the role you have now probably aligns way more with what you're looking for. TAS (assuming you mean FDD) is strictly the diligence portion of the deal. It's not a finance job, even though we'd like to think it is. The PE firms and others on the deal will literally call you "accountants" or even sometimes "auditors" lol.

It's a step up from audit but you're still at the bottom of the totem pole compared to people with actual finance (forward looking) experience like modeling. There is an occasional jump to corp dev but I don't see why FDD would make you any more marketable than you are now. You'll end up formatting excel workbooks and Ebitda waterfalls at 2am and idk if that's worth it when you're already in finance.

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Much appreciated for the comment! Thanks.

Don’t let RSM MD’s fool ya boss
It’s just audit on roids

Just network strat consulting if you want it.

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I see lol, thanks!

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