ER perks?
Anyone know what perks ER gets? By perks I mean Ubers home after a certain hour, meals comped, etc?
Just wondering, bc at my bank we get lunch under $15, but no Ubers home even during earnings.
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Based on the most helpful WSO content, it seems that the perks in Equity Research (ER) are quite different from those in Investment Banking. Here are some of the perks that have been mentioned:
Work-life balance: ER offers a better work-life balance compared to many other roles in finance. You can expect to work only 55 - 70 hours per week on average in ER, which is significantly less than the typical 80-90 hours per week in Investment Banking. This allows for more personal time, such as being able to go to the gym 4-5 times a week, attend happy hours on Fridays, and even catch Knicks/Yankees games when you're able to get tickets.
Flexibility: The nature of ER work allows for more flexibility. There are no ongoing deals that might blow up, so the unpredictability that everyone hates in Investment Banking isn't as much of a factor in ER. People can take time off in a more flexible way and it's not very likely you leave the office at 7, take your girl for a nice dinner and get called back to the office in the middle.
Compensation: The compensation in ER is also competitive. For example, a first-year ER associate can expect to make around $130k - $140k, including a base salary of $85k, a signing/relocation bonus of $10k, and a performance bonus of $30k - $50k.
However, it's important to note that the perks can vary depending on the firm and the specific role. For example, some firms might offer meal allowances or transportation benefits, while others might not. It's always a good idea to ask about these details during the interview process or when you're considering a job offer.
Sources: Unironically - ER is a paradise, https://www.wallstreetoasis.com/forum/equity-research/qa-er-analyst-at-top-bb-plus-about-er-general-advice?customgpt=1, Q&A: ER Analyst at Top BB (Plus About ER & General Advice), Equity Research: Wall Street's Best Kept Secret, Unironically - ER is a paradise
Ubers and meals after 8PM. No lunch
Standard?
I was under the impression that it was pretty standard, but could be wrong
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