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growl252's picture

Meal Allowance

Meal Allowance

Any analysts out there no if the BBs have reduced meal allowances yet?
More specifically, does anyone know what the meal allowance plan is at Credit Suisse?
Thanks

No votes yet
RossGellar's picture

$75/week

$75/week

DaniNo's picture

damn =/

damn =/

ginNtonic's picture

Not yet. It's tough to eat

Not yet. It's tough to eat for less than $25 in New York. WHat they are cutting down on though is early ordering and using multiple seamless accounts for one person.

bnkrchick's picture

$25. Where are they giving

$25. Where are they giving $75 at?!

joefish's picture

he said 75/week...not 75/day

he said 75/week...not 75/day :)

giocatoredoro's picture

yup 25 also, down from 30.

.

Juwanna Mann's picture

have to disagree

ginNtonic wrote:

Not yet. It's tough to eat for less than $25 in New York.

If you're talking about $25 a day, then yeah that's tough, but for dinner alone $25 is very reasonable. All a cut back from that means is people will no longer be able to load up on beverages.

Warhawk_1's picture

still at 30 here. Also get

still at 30 here. Also get 20 for lunch on weekends in addition.

Oconnor's picture

Yeah most of the time the

Yeah most of the time the allowance is too generous in terms of just dinner since people buy other stuff for the following day (drinks and sometimes something I can eat for breakfast since I'm a cheapskate). I can't imagine them cutting down on stuff like that too much though since it really doesn't affect the bottom line in comparison to md's taking private jets whereas it will piss off a lot of vp's and downwards.

big unit's picture

at MBB its a 120 per diem

at MBB its a 120 per diem (or at least the one I'm at)

captk's picture

I've got $25 for dinner,

I've got $25 for dinner, plus $25 for breakfast/lunch on weekends.

- Capt K

x35109's picture

120 per diem? do you mean

120 per diem? do you mean while you're on the road? we have 100 per day when we are on the road. i think people are referring to how much they get to spend per night on seamless. 25 here

joefish's picture

"Yeah, that's my per diem,

"Yeah, that's my per diem, so who do I give it to?"

Vince Vaughan is a genius

curiousmonkey's picture

not only on the road

x35109 wrote:

120 per diem? do you mean while you're on the road? we have 100 per day when we are on the road. i think people are referring to how much they get to spend per night on seamless. 25 here

don't think that's exclusively for on the road.

i was at a boutique consulting firm and we had a very generous limit (more than twice as much as the numbers being bandied about here) for dinner every day, even at the office or client site.

i think on the road we could expense lunch and breakfast as well.

big unit's picture

"120 per diem? do you mean

"120 per diem? do you mean while you're on the road? we have 100 per day when we are on the road."

Yeh on the road and after 7 pm in the home office. Since there isn't work on Fridays, its pretty much just Mon-Thursday evening. But I think you can pretend its after 7 when you leave and still expense.

x35109's picture

i'm getting fat on 25

i'm getting fat on 25 dollars a day in the office after 8pm. i can't imagine what would happen if i ate 100 per dinner.

GameTheory's picture

...

Oconnor wrote:

Yeah most of the time the allowance is too generous in terms of just dinner since people buy other stuff for the following day (drinks and sometimes something I can eat for breakfast since I'm a cheapskate). I can't imagine them cutting down on stuff like that too much though since it really doesn't affect the bottom line in comparison to md's taking private jets whereas it will piss off a lot of vp's and downwards.

I can't think of one instance in which an MD took a jet, other than for roadshows, which are paid for by the client.

joefish's picture

yum

x35109 wrote:

i'm getting fat on 25 dollars a day in the office after 8pm. i can't imagine what would happen if i ate 100 per dinner.

hehe you'd probably eat a lot more sushi :)