2023: What are your buy-side perks?
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!)
Unlimited lunch / dinner. WFH 4 days a week. Yearly offsite in nice areas. Great benefits. Premium hotels / first class flights. Black cars home.
Cap
My VP touches me inappropriately, we have to buy sandwiches out of a vending machine, and my chair gives me piles
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