Just wondering what other PE/finance guys are tipping their MD this year. It's been a tough year for everyone with the continued ripples of COVID, high deal flow, etc. so want to make sure I'm not off-market. Luckily I just got my year-end bonus ($250k) so feeling generous. Was thinking $100 for each ASO/VP, then 20% of one paycheck to the MD (so 20% of my paycheck would be 20% * $3,600 = ~$720). Does that sound fair to you guys? Don't want to look like a cheapskate vs. their other analysts so just curious what "market" is
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So confused - we're tipping MDs now? What? These guys should fucking tip us
If youre not tipping your MD then you shouldn't be in banking
Well, now you know what you really need to do so you can really stand out and be placed top bucket!
8/10 shit post
Everyone knows that the only acceptable way to tip your MD is to humbly offer him a night with your partner. Please get with the times or you won't make it.
The Annual Sacrifice.
How bout 365 nights/ year with me! Damn it my bad he’ll get that either way
Sage Kelly has entered the chat
I personally only tip with blowjobs since I'm broke, hopefully my MD will be understanding
If you're an LGBT diversity hire, he probably has to be.
No one:
Weiro conservatives: diversity recruiting is the worst thing since Nazi Germany
lol
MongooseCoin
Hold on...people aside from EAs are getting tips?
Give him the whole tip, but just the tip. Otherwise it’s gay
I love how this got helpful bananas
The market will regulate itself
You got a bonus in December lol?
10% of base
Tip MD? Did she give you a lap dance or?
This is a direct Shit post of tipping your landlord post on here a week ago.
Yup I know. Just wanted to say MD giving lap dance.
Wait a sec… you guys are getting lap dances and I’m here waiting for a thx.
I once met an Analyst who didn’t tip his MD after year 1.
Needless to say, he’s probably still doing LBOs in the cubicle in the next to the secretaries, every Friday, Saturday and Sunday night.
All he had to do was tip the guy a mere, say, 5,000-10,000 for all the MDs work, guidance, and general emotional support he had provided to the Analyst over the year.
This year, I’ll likely tip my MD anywhere from 25-35k after my bonus hits. Take notes.
Wait a sec I am asking the real question: Is it a thing to tip MD? I have never done that before - is it why I am a 5th year associate?
It's a bit oldschool thing but some analysts still do. Steve Schwarzman (you know, that guy from Blackrock) has mentioned in many interviews that during his days at Lehman Brothers he got tips from several analysts and now these folks are MDs at his fund.
Im sorry but what….???
I spent the whole freaking year grinding through the late nights and have to give MD/VP/Associates a few grands?
Maybe just tell me this: I don’t wanna give any, and is there anyone with me?
Yup. That's how I avoided the worst staffings and got a referral for a MF PE gig
Life isn't free, got to earn that shit, even tips. I vote fairness opinion over the Christmas holidays.
4.2069% of bonus is plenty
Might as well tip the staffer while you’re at it.
Give him just the tip? No man all the way in.
Sorry is this just an NYC thing or also UK?
I spent 6 months in my firm's London office. Wasn't there for the holiday season, so I don't personally know the answer here.
Would recommend asking your fellow analysts how much they tipped the MD last year.
10 Shiba Coins, "Don't spend it all in one place, and you might be a billionaire one day. If you Live that long" wink and walk away
Wasn’t aware tipping fellow employees, either subordinates or superiors, was actually a thing. Should have have been doing that?
I'm a little surprised at the cheapness and lack of character in some of the responses. My admin gave me $250 this year and I thought that was a little light.
For all the "exit opps" talk on this site, why would you not take care of those who make it possible?
Gave my MD a second hand patek philippe the same day I handed in my resignation letter and announced I was moving to buyside. I could immediately tell from his frown that he had been expecting at least a brand new rolex. The next day the recruiter called and told me my PE offer had been withdrawn. Don't make the same mistake that I did, kids.
New analyst here, so how does this work? I just tip all my coworkers with amazon gift cards or what? This is my first ft job after college too
yeah basically
Just tipped my MD. He started carrying my suitcases during business trips. Bit awkward.
Standard 20%
While you're at it have you remembered to tip your landlord?
In the event this isn't fake - why would you tip your MD? Like ever? They're not a valet or whatever. Express your gratitude verbally and offer to go to dinner or drinks. It's just plain weird to give a few hundos to someone who's making way more than you in the first place. And as to looking a cheapskate, I sure hope that your firm hasn't normalized tipping senior folks. These are the guys paying you for your work - what in the hell does the tip even mean?
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