Recently changed firms and my new firm’s meal allowance policy is a bit more generous than my old firm’s (ex. $35 vs. 25 for weeknights). Was curious what the policies were across the street ($$, time restrictions, weekend policies, etc.). Looking forward to seeing people’s responses.
| +413 | Change My Mind: Banks Shouldn’t Hire Foreigners at All | 111 | 2h |
| +208 | Article - UBS’ Investment Bank Keeps Losing Ground | 34 | 11h |
| +103 | Don’t work at UBS - UBS Sucks | 13 | 1h |
| +80 | An Exhaustive Guide: How to Solve Every Single Accretion/Dilution Question | 7 | 4h |
| +52 | When to Leave Office as Intern | 6 | 32m |
| +43 | Best IB Group Overall? | 25 | 1d |
| +34 | Would you rather be a Touse Squid or a Bouse Mogger in IB | 2 | 2d |
| +31 | What do you say to ppl who don’t know EVR/LAZ/CVP/PJT | 22 | 1d |
| +31 | STEM student lost in London IB recruiting | 17 | 21h |
| +20 | Still recruiting SA'27 | 13 | 20h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
EB: 35 weeknights both in office and wfh (after 7 I believe), weekend depends on hours worked but same amount per meal.
Your post is useless without the firm name. You are anonymous and 100s of other people work there or have worked there that would know. Just post the firm name / go double anonymous. Gd.
PWP?
JPM: recently bumped from $25 to $30. One meal at 8pm, one more after midnight. On weekends, one meal if working 4 hours, one additional if working 8.
This seems pretty standard, i know Citi is still at $25 (maybe some others) but most BBs seem to have bumped up to $30
.
Yes
Do they comp/provide anything for breakfast/lunch
What can you even order after midnight?
Seems group dependent - we can order one meal at 6pm if working after 8pm, and another 4 hours after the first one if working after midnight
Weekends, I think its one meal every 4 hours (so can have up to 3)
JEF and CVP?
CVP breakfast provided and lunch catered. Generous dinner allowance but can’t recall the numbers.
Credit suisse?
UBS?
Do these follow for the buyside?
25 weekdays, 45 weekends. Can expense anytime no one cares. I personally haven't worked a weekend in 3 months but still get lunch and dinner free at UBS on weekends
That's solid. Does it apply for SA's? Also what group are you in?
What UBS are you working for? I've worked every single weekend I can remember hahaha
BMO: $35, must place order after 5pm, have to “work” until 8. $70 on weekends. In office or wfh.
In 2021 we were getting $15 for breakfast and 25 for lunch if you were in the office.
Damn that's pretty damn good. Don't know too many banks that comp for lunch. It's usually just for dinner right?
Yes, it's generally just for dinner. Also I work at BMO and have never heard of anyone getting breakfast or lunch covered, but I guess that could be true. Can confirm the 35/70
At a BB. Meal allowance for dinner is still $25.
Do you get allowance if you wfh
Yes, but you have to work either 12 hours or until 9 pm
Roommate at Barclays gets $25, has to wait until 6:30 to order but 'has to know they're working until 9'. Here's what shocked me.If you are working in the office (M/T/Th) and go home at any point before 9, you're NOT supposed to order from home. Even if you leave at 7 and continue working. So they want you in the office until 9 if you're ordering food. WTF?Draconian policies.
Meals at office are deductible I think.
WF?
I’m pretty sure none right now since they are WFH.
yep
JEF: 4 meals a week after 6pm for WFH. $25.
Its max of 4 for the whole week? So u cant expense more than that if working after 6pm M-F? Any allowances for weekends?
Max 4 for the whole week for WFH. It's everyday including weekends if you go into the office.
Barclays?
Not great...see above
Does anyone know Stifel’s meal stipend?
$50 I heard from a prior thread. Insanely nice
Yep, Stifel is $50 for dinners. Just need to be working past 6PM if WFH or 7PM if in the office (not sure why it's later for in office but I'm not complaining). Applies to weekdays and weekends.
On a tangent, do your guys’ banks let you pay a yearly fee to receive points if you’re on the corporate Amex? I know some companies do. Idk about banks though. Ordering every night would add up.
For most people I know at BB and MM this is not the case. Would be curious if some shops do.
$30 work from home Sunday through Thursday
Weekend $30 for 4 hours min or two meals if working 12 hours or more. Friday meal if in the office. MM.
Mind sharing the firm if you’re anon?
Anyone know for Oppenheimer?
$25 after 7 during week days, up to 4 times a week working from home. $15 for lunch on weekends and $25 after 6(?) for dinner.
Thanks! so I guess there's no meal allowance for weekday lunches?
HL: $40 a night Mon-Fri and Sunday after 6pm. $20 for lunch on Sundays.
RX or M&A?
Both
I know a few Banks which have $35 for NYC/SF for offices like Houston, Chicago, Charlotte etc
What?
Any info on DB?
$25 after 7pm but you have to stay in the office till 9pm. $0 any days you're not in the office (including WFH, weekends, etc.)
Do these apply to research at most firms? Just joined a BB and it isn't too clear
Used to work in research at a BB, could order $25 for delivery after 7 but had to stay until at least 8. Could only order to the office, no wfh meals.
CVP: catered breakfast and lunch, unlimited for dinner as long as you don't abuse it and no time restriction
what is the catering like? is it good
Catering is pretty great yes
What would qualify as abusing it?
Abuse would be like ordering something super expensive (like a $75 steak), ordering multiple meals that clearly aren't all for yourself, getting every add-on imaginable to add $40 to cost, etc.
What counts as abuse?
Anyone know typical allowance for William Blair
$35 for anything ordered after 6pm, rules are diff for weekends (higher allowance)
Evercore?
-
.
Mizuho: $35, if working past 8pm on weeknights or more than 4 hours on weekends
That’s pretty good
Anyone know for BofA?
Credit suisse is still $25 a night when we’re WFH, nothing on weekends
Piper Sandler: Lunch is catered and you get a $30 dinner stipend and Uber home if you work past 9:00. Nobody gives a shit though and people will order dinner at 7:00 and then leave when it gets there if they can.
I indeed found out the hard way that all the Dan's Wings and Sushi I ordered through Seamless to my apartment during WFH was not in fact reimbursable.
BofA- 30$ after 6:30 pm and 20$ after 11pm, weekdays.
Same for Sunday but you get an extra 30$ for lunch after 12pm.
Saturday too if you gotta work but need an exception.
Anyone know Raymond James?
This is all first hand or close friend:
BAML: $35 weekday with $20 “late night snack credit”, $70 weekend, free acai bowls in office
BMO: $35 weekday, $70 weekend
FT Partners: $35 weekday, $70 weekend, also heard food on the firm anytime a more senior member takes a more junior member out for dinner, like associate with analyst
RBC: $25 weekday $50 weekend
Barclays: same as RBC
Wells: Same as RBC (might’ve bumped since)
Wrong about FT Partners.
Buddy of mine recently did an internship there.
Lunch is catered M-F ($~17) and for dinner you get $25 if you work past 9pm.
Weekends is $10 (lol) if you work 6 hours and $25 if you work 12 hours (you will).
Uber was like $20 if you stay past 9pm.
As an aside, place was a total sweatshop (heard the same from SF and London).
William Blair (UK) - 30 GBP on weekdays, 75 on weekends
PJT: $35
EVR: $30
LAZ: $30
PWP: $0
CS: $25
HL: $25
JEF: $25 and a Peloton
PWP slacking
Morgan Stanley??
Anybody still at 25? My bank is...
bump
BARC bumped up to $30 a while ago. Does not apply for WFH days.
Citi at $25. Past 7pm weekdays and twice each weekend. Used to be 2 WFH meals per week but that was just cut
Also heard WFH meals are getting cut come January, do you know if it's just NYC or regional offices as well
Nobis possimus quasi quos exercitationem cum. Nesciunt consequatur aut corporis consequatur. Nesciunt sed expedita ut quia aspernatur. Eveniet cum quae id. Eum deserunt ea id labore.
Aliquam vel necessitatibus voluptatem at maiores ex. Vel reprehenderit alias optio omnis modi iusto. In accusantium iste tenetur eaque expedita nihil fuga officia. Est numquam aliquam accusamus delectus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Assumenda sed mollitia illo est. Nemo dolores nostrum et sed pariatur minus aut omnis. Aut iste nostrum voluptatem sunt. Ullam voluptate qui facilis.
Sed temporibus maxime ipsa quae perferendis laudantium ad dolor. Et et consequatur dignissimos commodi dignissimos dolorum. Aperiam ex dolor quia dolor sint nisi totam.
Ut et natus sapiente dignissimos culpa accusantium praesentium. Officiis nemo vitae blanditiis tempora unde assumenda nihil.
Vitae facilis minima et fugiat. In eos laborum quasi accusantium. Delectus illo quod quos voluptatem voluptas laudantium qui.
Qui culpa optio qui quas magni voluptatem. Aut id enim aut qui mollitia unde qui qui. Et est rerum rem dolore.
Soluta cum modi perspiciatis sed perferendis. Est ipsum saepe ipsum sapiente. Illo eos culpa officia placeat. Et eos cumque dolor enim.
Soluta soluta aliquam nostrum consequuntur mollitia fuga totam. Qui qui saepe vitae voluptatibus.
Assumenda eveniet velit ducimus dolorem veniam aliquam. Nihil cum similique rerum ex.
Est vel omnis aut inventore vitae. Quia animi suscipit quia sequi. Quod voluptatum deserunt quibusdam nam tempore magni consectetur.
Neque cumque eaque ea. Consequatur temporibus quis quod non.
Minus reprehenderit ex ea dolor illum dicta. Et illum accusantium voluptas fuga. Facilis autem facilis iure commodi esse rerum rerum. Qui delectus reprehenderit tempora. Quasi nisi rem provident sunt et animi est. Blanditiis non ipsa voluptas libero voluptatem. Quisquam vel laborum facere aut autem quis.
Quam tempore natus ea corrupti impedit. Autem error dolores facere et voluptate.