In London.
How the hell do my consultant friends get free breakfast and snacks? Even the ones at Tier 2 shops like OW. It’s not about wanting to eat the food, it’s simply about the gesture and optics. Even their coffee system is better — JPM’s free coffee is absolutely horrid. IBs need to step up their game
| +165 | Americas M&A League Table Q2 Updated | 70 | 6h |
| +132 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 25 | 1d |
| +90 | Restructuring: Anti-climactic Experience | 17 | 1h |
| +71 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 12 | 20h |
| +58 | IB Net Worth / Savings Check | 21 | 1h |
| +51 | Boutique firm wants access to my LinkedIn? | 41 | 1h |
| +37 | Investment Banking is Hard | 16 | 3h |
| +33 | Investment Banking in Mexico | 9 | 2d |
| +28 | PWP vs BofA | 21 | 14h |
| +21 | Excel macros for QOL formatting | 0 | 6d |
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.
Laughs in EB.... Congrats on paying £2.50 for a Diet Coke at MS though!
Almost all of the consultant companies are private companies with a fraction of the number of employees of big banks. They are not micromanaged on margin by the street and retention is way more important to them.
Banks are publicly traded and have hundreds of thousands of employees. Their expenses and margin are heavily scrutinized - look at Citi which has been struggling on margin, the bad publicity and stock performance behind peers is impacting their business. Banks can't only give free perks to one or two divisions - feeding all of those employees would be a major expense.
Tech companies are the same way - they did meals and perks when they were private or during the golden days of being public, but as soon as they actually need to turn a profit or come under margin scrutiny, they pull most of the perks.
I'm all for good coffee, but for a full catered breakfast you've pretty much gotta go to a private company
Ok fair. Still, it’s a pisstake to pay for snacks
What about saving a penny to lose a pound? Food would def boost morale and productivity without too much of a cost. And why is it that higher margin segments can’t get special treatment? Isn’t that the same as paying some employees more since their work is more valuable?
The banks I have seen had subsidized meals, but they were never free.
If you are in for the perks, tech used to be the place (massages, free food, free transportation schemes, ..).
But think of how many meals you can expense with your clients. It's not irrelevant or a small amount.
EBs are public and still have these perks lol
Their margins aren’t being diluted by other (lower margin) business units.
? Do they not even have free shit in the pantry. Like even insurance firms leave some sweets out and stuff for the employees
I mean I’d take a banking salary over a consulting salary + some free snacks…
Reiciendis qui sunt cupiditate sed omnis quis. Quibusdam eum et repudiandae debitis voluptatem omnis. Eligendi necessitatibus saepe voluptatem voluptas quos molestiae.
Autem cupiditate aliquam in incidunt dolorem neque ut. Veniam necessitatibus vitae eum deleniti eos sunt beatae. Qui ad id consequatur ut soluta.
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...