Business class flight tickets standard?
Hey all, been at a solid MM PE fund for a few years. Our travel policy allows partners to purchase business class fares for work travel (board meetings, MPs, site visits, conferences, etc.) but everyone else is only allowed economy+. Is this standard for MM PE? I fly at least once a month, sometimes twice a month.
Expectation is that we work on flights. Working is a lot easier in business class with the extra space.
We are first class for flights more than 90 min
Business class for anything above 3 hours except for MDs and above. Crazy they won't give you business class
Well if 3 hours is the threshold, I'd rarely meet it because we are not on the east or west coast. I only have 1 portco that has 3 hour flights. Business class would be very nice on those flights..
You're luckier than us. At a $10B+ UMM that's too cheap to allow anyone from Associate to VP to fly anything but standard economy. If it's a coast to coast domestic flight, you get economy plus, and only if flying international can you book business. Given 90% of our travel is to flyover states, you're flying economy pretty much all the time, and are expected to work on the flight. Don't worry though, through all the money we've saved by making the travel experience as miserable as possible for juniors, we have extra cash for things like branded napkins and notebooks along with a bunch of other things collecting dust throughout the office. Yes I know it's a first world problem, but I have friends working standard 9-5 corporate chiller jobs with better travel policies than even our VPs have lol.
Lol sounds similar to my old place. $5bn fund and not allowed to fly business, only MDs.
I'm at a 200bn AuM multi-strategy manager and everyone below MD flies economy for sub-4h flights
I used to work at MBB in Europe and it as different by country. So i.e., an intern based in German office would fly business class (were allowed to always fly business class) while a french associate partner would fly economy. Lmao.
At a $2B aum firm and it's all economy and hard caps on hotel firm's. Managing Partner needs another boat
Why dont your raise your own fund "Principal in PE"?
Good idea, "rainmaker"
Maybe I'm too fat but how do you guys get work done in economy+, let alone regular economy. It is already a pain in economy+...
Well I haven't had to sit in economy once this year and that was just due to last minute flight. Absolutely impossible to work in those seats as a tall guy. I just reviewed Q&A on my ipad. Definitely would not be able to pull out my laptop in the space allotted.
You guys fly commercial?
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