Any insights on Tencent business development role?
Hi all,
I am recently invited for a role at Tencent and any insight would be highly appreciated. The role would be senior business development manager based in Asia.
- How is corporate rank structured at Tencent? Is it Analyst/Manager > Senior Manager > Associate Director > Director > Head of division? What years of experience is typically required for a senior manager role? I have total 6.5 years of experience coming from banking/PE and would like to know by getting senior BD manager title, if I am discounting myself or if this would be in-line with the market. Based on linkedin search, people with similar experience tend to also have senior manager titles, but surprisingly sometimes associate director or director titles.
- With 6.5 yoe from banking/PE, what should be my expectation on comp package? Glassdoor data says median USD 270k (150k base + 120k bonus) for Tencent senior BD manager based in the US with 7-9 yoe. I am based in Asia, currently at MM PE and my total comp is USD 260k (130k base + 130k bonus). Should I expect senior BD manager role in Asia to offer similar total comp (c. 260~270k, with base portion being higher as I wouldn't expect corp dev role to pay 100% of base as bonus?), or significantly lower package in Asia (e.g. USD 130~140k base + 10~20% bonus)? Per my search on this forum, for corp dev role with c. 7 yoe, USD 150-160k base + 10-20% bonus seems to be the market in the US
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