What perks are you seeing on the buyside (PE/HF) these days? Ill start - currently at a $30bn Credit Hedge Fund: Lunch and Dinner ($25) stipend, fully stocked pantry, car rides after 8PM, monthly fitness stipend, great health/dental/vision plans, partial phone bill stipend, and a lot of outings (which sometimes may or may not be a perk ha!)
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25 bucks combined for lunch and dinner? What, are you just eating street meat all day? Also, car rides after 8pm ain't that great - sounds like you're just a modern day slave being tricked into thinking you're doing well
Think he means $25 for lunch and $25 for dinner
25 for dinner is ass. I got 35 at a third rate IB as a summer analyst
Lmao what's with the personal attacks ??
MM PE. $30 lunch, $45 dinner, stocked pantry/fridge, gym in building, car after 8.
nyc?
What shop is this? Pm me pls
OP, where is your fund? Currently interning in PC this summer. Interested in working at a Credit HF one day and would love to chat via PM.
MMPE, NYC
Endless food - fully catered breakfast, lunch, and dinner with like 3 pantries and fridges full of food / drinks. Downside of fully catered is you don’t get to choose where you go (of course you can order whatever on your own dime), but it does remove the price limit
Ubers home. Premium economy on all flights, business class if over a certain distance or if you have to take the redeye.
Summer offsites in the Hamptons or Miami, winter offsites in Aspen. Company paid-for Equinox (or other gym of comparable price). Company paid phone and phone plan, and company paid WFH equipment
It’s nothing particularly special for the industry, but it’s really nice when you compare against most jobs out there
Which MM
My MM PE does not give me these perks :(
Reading this and now I'm extra motivated to break in lmao
Y'all gotta start name dropping these firms. I don't wanna go back to my BB where even the coffee isn't free
what BB doesn't have free coffee??
CS - they made you pay for crappy pantry coffee when they were a BB/still alive. What a joke!!
I mean we had free coffee but yeah, it was shitty pantry coffee. Not a big coffee guy anyways but at least having the option of a free cappuccino or espresso would have been nice
Unlimited lunch / dinner. WFH 4 days a week. Yearly offsite in nice areas. Great benefits. Premium hotels / first class flights. Black cars home.
What size fund is this? MM?
Cap
Definitely cap.
kkr?
Prob
Lol no, KKR is in 5x per week - you think Kravis is letting the cogs in the machine WFH??
At my fund, we have breakfast laid out in the morning, you can order from Feedr for lunch (2-3 options to choose from), and £25? dinner, as well as Uber/cab home if working late (although I don't remember the specs for the evening stuff because I have a kid and try to be home earlier / tube is faster). Good insurance, nice hotels when traveling, business class for any flight longer than 5h. I'm pretty happy about it.
I am however very jealous of a colleague's partner, who works at TDR. They have the proper, old school PE type benefits. The guys bought the bar across the street from them as their "hangout spot" - which yeah sure it's cool, although I don't drink. But they have a masseuse come in every day, she's the personal masseuse of one of the guys on the door and she sticks around for whoever else needs straightening out.I have such a bad back, if I got a massage every 2nd day, it'd be heaven...
thats awesome
My VP touches me inappropriately, we have to buy sandwiches out of a vending machine, and my chair gives me piles
Any BX data points?
$20 lunch / $35 dinner
Car after 8
No wfh
None at all? Like come in the office saturdays/Sundays if work needs to be done?
Bump. Any west coast MM data points?
LMM PE
No perks, mandatory 5 days in the office.
MM PE (~$2Bn fund size). I think we’re on the bourgier side of things but pretty standard.
- Top notch insurance coverage for free (no premiums, deductibles, etc.)
- Wellness subsidy with a very loose definition, i.e., can be used on gym membership, personal trainer, running shoes, athleisure wear, massages, classes/education, etc. You can be creative (a coworker used his on cooking classes)
- First class travel everywhere, stay at nice hotels. Partners have a jet that you’ll occasionally tag along on
- Pay for b school prep expenses (GMAT, consultants, trips to visit schools, etc.)
- No WFH policy (i.e., no set days in office. Default is 5 days a week but no one bats an eye if you take a day or two from home per week, it’s not tracked or mandated)
- Catered lunch on Mondays, free dinner whenever (not time limited). No special approval needed to use corp card for social events/team building, so random Thursday/Friday HHs are comped as is the odd team lunch when everyone is slow and can sit down somewhere nice
Mind PM'ing fund?
Would you mind PMing fund name here too?
Mind pming the name of the fund please? Thank you!
^same if possible
Can you PM firm name too please? Thank you
Single family office:
How typical is this for a family office? Must be a $10B+ family, right?
Entirely depends on who the principal is from what I've seen (more so that than AUM). Some places you'll be incredibly pampered and will fly first class everywhere for example, and I have a buddy who got to use the principal's PJ during COVID when he had to travel for work (as in he'd take the plane by himself). Others are incredibly strict and can't fly business / first class for any reason, have to stay at cheaper hotels, etc.
Are these comments typical or above average perks? Some of this seems much more lenient than banking
Is this a humble brag thread ? I can basically do whatever I want for WFH. Some weeks 1-2 days and some weeks more or less. 45 for lunch and 45 for dinner. Cabs are a "soft" 8pm. Business class always but if it's obscene like a 40 minute flight for a grand I'll take economy. Trying to not miss the forest. 5 star hotels etc. They're much stricter on our associates though - but it's all about perceived value add. If the partner feels like you're a rockstar he is not going to care about a grand here and there
Correct me if Im mistaken but firms in London are much more stingy.. Most MMs dont even provide lunch stipends at all
Curious to learn the perks at some tech PE firms
Have heard from buddies there that Sixth Street has incredible perks
What perks?
Associate at credit arm of UMM PE shop. We get $100 to spend on food a day starting with coffee on your way to office. The rest is stanadard: mediocre wellness stipend, stocked pantry, free late night Ubers, nice hotels (no first class flights). Overall, we don’t have anything crazy but the meal stipend is pretty elite.
MF - unlimited seamless for lunch/dinner, very good healthcare package at no cost, profit share, Ubers past 8pm, first class flights, MBA sponsorship for HBS/GSB/Wharton
Warburg?
Yeah
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