By perks, I'm obviously not including salary and bonus compensation. I know a girl who works for the black card group at AMEX, and she gets invited to dinners at the best NYC restaurants, cool parties, fashion week events, gets flown out to aspen, and recently was in VIP seating at the NBA All-Star game in Dallas. I imagine some of the entertainment companies in L.A. will also have awesome perks, like access to hollywood parties and movie premieres.
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PM's & prop traders can really get hooked up by brokers. I've heard some insane stories about sales guys at smaller brokerages throwing down for some wild shit. My buddy's a PM for a big fund in NYC and this sales broker from TD took him to the SI swimsuit release party and he got to meet some of the models. The bigger banks can't shell out for shit like that anymore because of the crisis, but the MM market is were it's at for getting hooked up. Friend, the PM, pays for research and strategy from this one broker who is a fucking idiot, couldn't tell you what the S&P closed at on Friday, just because his hook up's are so sick. This broker makes insane bank, and all he does is plan events for traders and PM's; and he works for ....... Piper.
goldman sachs
what greater perk is there in the universe then telling people you work at THE goldman sachs.
i would kill for you loyd!!!
LOL... Saying that does have its perks
The data warehouse firms (intralinks, debt domain etc..) have an awesome budget for this sort of thing, pushing $10,000 per week per client (obviously have to be able to justify the expense).
Am I the only one who thinks these dataroom companies will be put out of business in 5 years? They charge retarded amounts just to host some files online.
Someones got to do it. Some banks have regulations about ripping docs on to disc so you can even courier a docs bible across town if you wanted. And email just isn't an option. If you're trying to distribute a waiver or update of some sort to the whole lender group they are the best way, no doubt. If you talk to someone in syndications they live off them.
Sabbaticals: http://money.cnn.com/magazines/fortune/bestcompanies/best_benefits/sabb…
Isn't Google known having amazing perks, such as free food, transpiration, dry cleaning, massage, pool table, swimming pool..
A lot of firms, even tech firms like Google, have toned down their perks a bit. They're still there and awesome, just not what they used to be. That will probably change when the economy bounces
Jobs w/ best perks (Originally Posted: 09/29/2007)
What industries(Ib and non-IB)have the best perks?? Who's getting the car service, free meals at the best restaurants, tickets to all the big sports games, broadway shows, etc.
I've heard buyside Investment Management gets the best perks.... but I've also heard some alternative industries (non-prestigious industries) like advertising get the tickets to the best of everything, get to eat in the best restaurants, etc.
What do you guys think? Although this is in monkeying around because I thought it was off-topic, I'd like some serious responses.
Mike
Consulting definitely has it better than banking. It's pretty standard for people to do alternative travel for the weekend, go somewhere, get a room at the Ritz for the weekend, rental car, meals paid for (assuming you plan it right and book the original flight expensive enough, haha).
A friend of mine is the babysitter for the Johnson family (read: Fidelity). There are few people who get better perks than she does ...
I think the consulting lifestyle is pretty bad actually...traveling gets old really quickly. The thing is to be offered tickets, dinners, etc, but be able to turn them down if you want. S&T is great in this respect.
I dated a girl once who was in advertising...good perks there, but since they were usually sell events for the clients, she had to go, often manytimes a week. That's a bit like being an interdealer broker.
Jimbo
friend at American Airlines. Gets free travel basically anywhere. She works in revenue analysis (pretty boring) but takes trips all over the place.
Pornstar
i have a friend that works for a production house (that may or may not be the correct terminology, but basically some film editing company) in LA and they have great meal benefits. In their office they have Buffett style meals for lunch/dinner and have xbox, ps2, various arcade games, etc. Awesome.
my friend is a mechanic. he gets to sleep on an old ratty couch, have use of a black and white 13" tv, and occasionally can pick up a few inches of a subway that's recently been thrown away out of the trash can.
those are perks. perhaps not? (condescending laugh ***)
You have a friend that is a mechanic??? Gross!
I worked as a mechanic part-time during high school. I wouldn't blame anyone who laughs condescendingly at them. It's even shittier than it seems!
they can gouge the hell out of people though, the market for mechanics skills wont decline either. Its a steady job, i know people that have done EXTREMELY well.
I moved from LevFin Origination to Syndication a few years ago and love the perks. Golf invites, dinners, drinks, shows, games etc. - however things have of unfortunately slowed down over the last few months given that we're now in a buyers market. Just means we take our investors out instead so you still get to do the same stuff.
and can take it, maybe bieng the president of the US. Or a CEO that does as (s)he pleases.
but then again if you are happy with what your doing with whom you are doing it with, who am I to argue?
If you want the best perks, work for Google...great hours, good pay, every benefit imaginable, great collegiate culture...
I think you mean "collegial." But hard to tell with Google.
I meant collegiate but like you said, hard to tell. Your life is laid out for you, transportation, meals, onsite healthcare. Definitely a good choice for people who never want that college bubble to burst
I'm interning at Zegna in Milan. Perks include:
It's not bad!!!
Lobbyists in DC get pretty sweet perks, at least they used to. Box seats for sporting events, lunches and dinners at premier restuarants, golf, potential for travel in corporate jets.
among the banks, GS is one of the best - onsite health care, prescription delivery services, meal & drink allowance for socializing with other GS employees to build camaraderie - aka, you and your fellow analysts can go out for a nice dinner and drinks once a month and bill it to the firm as a team building exercise. free museums, amazing gyms, as much free education as you want, lateral movement is fairly easy etc.
Congressman or Senator...
You make like $160,000, have awesome health benefits, if you can get re-elected a few times you have lifetime health coverage, plus social security and pension benefits. You can vote to increase your own compensation. You get to spend other people's money and make policy on a whim. You have around 2 million dollars to staff your office to get other people to do shit for you and generally make your life even easier. You don't even have to vote if you don't want to or show up for that matter. Also, as a congressman you are much more low profile so people don't blame you if you fuck up (or ever find out) and will actively have to check your voting record to really cause problems.
The best job is a Summer Associate at a top 10 Law Firm. They wine and dine you like you're royalty. Three hour lunches at amazing restaurants, dinners at even better restaurants, more free stuff than you can handle, and you get paid $3,000 per WEEK.
All this because once you become a full-time Associate upon Law School graduation, you will work I-Banking+ hours.
The perks at my current employer are far above what I got in banking, that's for sure.
^ please tell.
I feel like they're pretty standard for the industry, although I can't be sure. Catered lunch everyday, premium car service everywhere business related, about 80% of air travel is private. Annual conferences span multiple days in very nice vacation spots (domestically). Board dinners at good restaurants, board meetings that double up as ski or golf vacations, etc. The first and only time I have dined at a three-star Michelin restaurant was with the firm.
There are others more specific to my firm but I think from talking with my friends that this is pretty par for the course.
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