For full-time junior bankers, do banks cover anything besides meals and which cover the following-
laptops -
cell phone bill / work phone -
fitness -
taxi -
setup stipends- to pay for wfh desk and desktop set
| +250 | UBS Layoffs (October 2026) | 71 | 4h |
| +112 | Do people still want to go PE? | 34 | 16h |
| +76 | UBS Tech layoff | 23 | 3h |
| +62 | Bloomberg - New UBS Investment Bankers See Smaller Pay Gain on Promotion | 15 | 1d |
| +46 | Think I'm fucking up my analyst years | 16 | 4d |
| +36 | What Differentiates the Best Analysts as AI Improves? | 9 | 1d |
| +33 | Lazard hirevue | 11 | 1d |
| +26 | Ambitious CC Student trying to break into IB | 14 | 6d |
| +24 | Cornell Club T10 Rankings (UPDATED 10/2026) | 15 | 8h |
| +23 | Quitting After First 4 months | 10 | 12h |
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.
Bump
Depends on the bank. They will tell you what they pay for closer to your start date. My first bank provided laptop + wfh tech (monitors, mouse, keyboard etc) and either a work phone or 50/month for phone bill. They also reimbursed up to $400/year for “wellness”
At a different bank now and they have a 1k wfh stipend and you use your personal phone.
Almost every bank pays for an Uber home if you stay late enough (8-10pm typically) and dinner (some wfh/others only in office) if you work late enough.
You obviously have to return it if it's company provided equipment. Stipends are slightly different and depends on the firm, but I have seen it both ways.
They only asked for the phone and laptop so that’s all I gave them back :)
That’s been the case for everyone I know at that bank. Obviously all the wfh stuff wasn’t at the office and when you quit for a competitor you’re cut off. My bank gave me 3 options, I could hand deliver my equipment, mail it back (they provide label/box… I took this route, the shipping label was for up to 5lb and the box tiny) or they would send someone to my house to collect the stuff. It’s probably too much of a hassle to collect everything else. I woulda happily gave them everything else.
Mine provides a wfh setup- monitor and mouse/keyboard/headset/speaker, dinner stipend, 50/m for phone, ~1500/year for fitness and cabs home after 9
.
Bump
Bump
Voluptatibus fugit impedit et ipsum non. Qui dicta tempore rerum necessitatibus atque sed qui. Culpa pariatur consequuntur dignissimos sapiente. Deserunt quae id ut vel et eos quisquam placeat.
Eos provident adipisci voluptas impedit. Sed enim sed vero eos sunt sit. Nam placeat occaecati veniam rem. Ut delectus eveniet et.
Facilis et facere quos quasi non molestiae. Eum laudantium suscipit molestiae doloribus reprehenderit. Eaque soluta ab et minus exercitationem. Quasi aut cumque qui aspernatur maiores fugiat quas. Autem qui libero exercitationem suscipit aut.
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...