Meal Stipends London
What is the current situation with IBD meal stipends in London?
Have heard lots about the US but not about London.
Which banks in London are giving stipends and how much are they for?
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What about BofA London during WFH?
£25 dinner allowance after 6.30pm
£15 late night snack allowance after 11pm
Weekend: 25£ lunch or dinner, and allowed a second £25 meal if working longer than 3 hours
(EDIT: just to add, this was already the case before WFH)
And to confirm this is for interns aswell? Thanks
wow, very generous, mind disclosing which bank ?
JPM MS HSBC
most banks do 20 pounds
William Blair does 30
BofA, Jefferies, CS range I think is 20-25 GBP
No stipend at citi and gs in continental Europe, but I guess that's the same for both these places in London and US as well
UBS in London is £17/ night during the week and £17/ day during the week-end. Think the requirement is to work at least until 22:00 during the week and 4hours of work during the week-end. Deliveroo, grocery shopping and a few other specific restaurants allowed.
Understand they are more generous with continental Europe (like €25)
How do banks keep track of the minimum 4 hour work at the weekend? And also can you save you daily allowances and spend on a weekly shop like do the allowances expire after a certain time? Thanks
They don’t really track it and expect people to be reasonable. The stipends are not cumulative, you either spend your allowance on a given day or you lose it.
Thanks
Heard Evercore doesn't give but people got a one off bonus of around £2k (which was taxed) for meals.
Any info on S&T divisions at BBs in London?
WFH meal stipend..
S&T meal stipend? You want vacation meal stipend as well? LOL
what about bnp london?
Can confirm for BofA in London
£25 dinner allowance after 6.30pm
£15 late night snack allowance after 11pm
We get a number of BofA bankers taking a chance and spinning the wheel at https://idgaf.lol.
What about BofA S&T in London?
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