The Ask:
Folks, as we approach the ninth month of work from home, some IBD divisions in banks are finally coming around to allowing late night and weekend meals while wfh. The purpose of this post is to gather information on which banks give a meal allowance while wfh, and which banks do not.
Using this information, people at the banks that do not offer a meal allowance will be able to point to benchmarking of peers that do offer a meal allowance. So, go ahead and fire off the following information if you want to help your peers in the industry:
- Firm
- Division
- Monday - Friday meal stipend structure: in office vs wfh
- Weekend meal stipend structure: in office vs wfh
If you don't want to publicly post what bank you work at, go ahead and PM me the stats and I will keep a running list that I'll edit into this post. I expect that a considerable quantity of EBs have already come around, and so have some BBs.
What We Know So Far:
Allows stipend while wfh:
- Evercore: $100 per week in groceries, food, or delivery
- Lazard: Seamless 4 days per week, $35
- Centerview: Seamless every day, twice per day on weekends, $35 per meal
- PJT: Seamless every day, $35 for dinner weekdays, $25 weekends
- PWP: Seamless every day, $30 after 8pm
- Houlihan Lokey: Seamless every day, $25 per meal
- BAML: Seamless every day, $35 for dinner, another $20 after 10pm
- JPM: Seamless every day, $25 after 7pm, another $25 after 12am
- MS: Seamless every day, $35 after 7pm
- UBS: Seamless every day, $25 after 8pm, weekends @ $20 for breakfast or lunch, $25 for dinner
- BMO: Seamless every day, $35 weekdays, $75 weekends
Does not provide stipend while wfh:
Pjt is $20 lunch + $35 dinner on sat/sun