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I've heard corporate finance in 2 very different contexts, one referring to IBD, S&T, PE, VC and hedge funds, the other referring to a more financial accounting oriented role (at the same level w/ internal audit, treasury, FP&A)

  • What's the difference?
  • Why are they called the same?
  • How do I know which one someone's referring to?
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Context is everything; these aren't scientific terms with clearly defined meanings. Language is fluid, and is most meaningful when there is a shared understanding of intent between the speaker and the listener. Case in point - when I googled IBD [a term I had never heard of], I had to change to "IBD finance" before "irritable bowel syndrome" dropped off the top page.

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