How much do you tip your admins?
I have heard 10bps of base salary or is it based on total comp?
Also how does this change by level
Is it 10bps for analysts
15 for associates
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Bump
Offer to take them on a date
^
Also who tips people? That makes no sense outside of a restaurant context.
Haha I tip the building staff at both my condo building, even though we have 15 staff members and the building staff at my office building/gate keepers for garage. But yea I don't tip the Admins, on the IS/Originations side, certain teams split their comp pool based on revenue of the team. Aka like if they had a really good year might be a bit more than regular Carry and stuff. But never heard it called tipping. I just heard it called bonus or profit share.
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