I'm moving from a large global bank with tens of thousands of employees to a MM PE fund with 30sih employees. Should I be expecting the benefits (i.e., health insurance, 401K offerings / match, etc.) to be significantly worse given that the company is smaller? Haven't seen any posts on this. Intuitively, I would think yes
| +71 | First year PE analyst on medical leave after insane hours | 18 | 10h |
| +62 | Take the Layoff or Quit? | 21 | 1d |
| +45 | PE downturn- Impact on a PortCo CFO / Operating Partner | 9 | 1d |
| +38 | Is being an LP super chill? | 18 | 6h |
| +33 | Why are so many bankers exiting to tech? | 15 | 12h |
| +31 | How Do You Train PE Juniors When Banks Do All the Modelling? | 10 | 5h |
| +19 | Tier 4-5 City - Go to work for micro PE? | 3 | 17h |
| +19 | Career in PCA: GP-Led or LP-Led? | 6 | 2d |
| +17 | PE on cycle guide | 3 | 2d |
| +17 | Dealing with Cold Seniors | 9 | 5h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Indeed, especially with things like flights/meals and getaways etc.
Bump
Lol I'm in the same situation and I've barely thought about this.... I think a bunch of this stuff is outsourced now, so it shouldn't be a huge step down (esp. healthcare and 401k). Still, can anyone in similar situations in the past explain how this works?
The lesson here is that you should generally be asking about benefits before you accept a new job.
The answer is that it could go either way. For things like health insurance, a small company has little room to negotiate premiums down so the per person cost is going to be higher than it would at a bank. Some companies will eat that cost themselves and others will let you fend for yourself. The same applies for most other benefits. Firms will usually partner with a TriNet or ADP and plug into some standard outsourced benefits package.
Given a 30 person company is probably closely held by a few founders, your expense policy, insurance subsidy, and 401k will be a function of how generous they are.
Officia odio consequatur quod aspernatur et quisquam. Ipsam sunt atque aut aut et consequuntur incidunt. Quae perspiciatis deserunt commodi provident eligendi sapiente aut qui.
Culpa libero dolores voluptas non exercitationem sequi dolor. Iusto eveniet vel dolorem pariatur. Consequuntur quidem doloremque odit. Perspiciatis cum hic aspernatur ipsum excepturi.
Qui tempore quisquam vel inventore. Quae quis non corporis explicabo. Optio accusantium qui molestias corrupti.
Et minus nihil architecto sequi enim. Aut consectetur error doloremque nisi odit in.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...