Banks' Perks

Based on the most helpful WSO content, here are some notable perks and benefits offered by different banks:

1. Dinner Stipends:

   • Truist: Offers an essentially unlimited dinner stipend.
   • Jefferies: Provides a $30 dinner stipend.

2. Catered Meals:

   • KKR: Known for offering catered breakfast, lunch, and dinner whenever needed.

3. Transportation:

   • Some banks provide paid-for transportation (e.g., Uber policies) to ensure employees can work late and get home safely.

4. Corporate Amex Usage:

   • Certain Upper Middle Market (UMM) funds allow employees to use corporate Amex cards for a wide range of expenses.

5. Private Jets:

   • Some UMM funds offer private jet travel for work-related purposes.

6. Work-Life Balance (WLB) Initiatives:

   • While not as common in investment banking, there’s a growing focus on improving WLB to retain talent. However, the banking industry still lags behind other sectors like tech or law in this regard.

7. General Observations:

   • Perks in investment banking are often structured to keep employees at their desks longer, such as paid meals and transportation. While these benefits are appreciated, they are often seen as a way to maximize productivity rather than enhance personal well-being.

If you're looking for specific perks at a particular bank, feel free to ask!

Sources: 2017 Commercial/Corporate Banking Bonuses, Anyone else fed up with the banking/finance industy?, Best Perks & Benefits?, Work perks?, Why Banking in 2018?