How much to tip MD? (NYC Only)

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

Comments (56)

  • Analyst 2 in IB-M&A
Feb 19, 2022 - 9:20pm

iggs99988

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.

Sage Kelly has entered the chat

  • Intern in IB-M&A
Dec 20, 2021 - 12:54pm

I personally only tip with blowjobs since I'm broke, hopefully my MD will be understanding

Dec 20, 2021 - 3:42pm
BBA18, what's your opinion? Comment below:

If you're an LGBT diversity hire, he probably has to be. 

I come from down in the valley, where mister when you're young, they bring you up to do like your daddy done

  • 19
  • 5
Dec 20, 2021 - 4:44pm
Leverage Hero, what's your opinion? Comment below:

Hold on...people aside from EAs are getting tips?

Most Helpful
  • Associate 1 in PE - Other
Dec 20, 2021 - 4:47pm

Give him the whole tip, but just the tip. Otherwise it's gay

Dec 20, 2021 - 11:02pm
PeRmAnEnTiNtErN, what's your opinion? Comment below:

This is a direct Shit post of tipping your landlord post on here a week ago. 

  • 1
  • VP in PE - LBOs
Dec 21, 2021 - 11:48pm

Yup I know. Just wanted to say MD giving lap dance.

Dec 21, 2021 - 12:06am
mergelord11, what's your opinion? Comment below:

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.

  • Analyst 1 in IB - Gen
Dec 21, 2021 - 1:46am

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?

Dec 21, 2021 - 2:14am
Dazzling-External-29, what's your opinion? Comment below:

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.

  • Analyst 1 in IB - Gen
Dec 21, 2021 - 2:20am

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?

  • Associate 1 in PE - Other
Dec 21, 2021 - 3:16am

Yup. That's how I avoided the worst staffings and got a referral for a MF PE gig

  • VP in PE - LBOs
Dec 22, 2021 - 1:46am

Give him just the tip?  No man all the way in.

  • Associate 1 in IB - Cov
Dec 23, 2021 - 11:38am

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.

Dec 22, 2021 - 2:57pm
LevKong, what's your opinion? Comment below:

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

  • Analyst 2 in IB-M&A
Dec 23, 2021 - 11:45am

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.

Dec 23, 2021 - 11:02pm
finch77, what's your opinion? Comment below:

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

  • VP in PE - LBOs
Dec 27, 2021 - 2:30am

Just tipped my MD. He started carrying my suitcases during business trips. Bit awkward.

Feb 19, 2022 - 6:34am
TheBuellerBanker, what's your opinion? Comment below:

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?

  • 1
Feb 19, 2022 - 7:36am
Leon Dragonov, what's your opinion? Comment below:

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Feb 19, 2022 - 3:32pm
Anonymous88990, what's your opinion? Comment below:

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