Curious to know what other funds offer!
I can go first. UMM fund, premium health insurance, gym subsidy, phone bill subsidy, dinner stipend 25 pounds, taxi post 9pm, free gifts occasionally, fruits + soda supply in the office
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MF - private health (incl. partner and children), taxi post 8pm, dinner stipend ~£25 (no hard cap, just be sensible), Friday catered lunch, daily selection of snacks (healthy and less healthy) and fruit, fridge full of sodas and juices, phone bill subsidy, monthly sponsored drinks, quarterly team activity (e.g. F1 arcade), annual European offsite (2 days outside London), bi-annual global offsite (week in NYC)
Do most MFs provide lunches?
No idea, I can only confirm for my fund. And that's only on Friday though
Did an internship at a London-based MM / UMM fund in another European region. Not sure if the perks are fully identical in London but should give an indication at least.
- Free lunch on Mondays
- Dinner stipend ~£25
- Breakfast available at the office (yoghurt, cereal, juice, fruit, vegetables, bread, cottage cheese etc.)
- Lots of snacks at the office (energy drinks, protein bars, candy, fruit, vegetables, nuts, smoothies etc.)
- ~£1,000 gym subsidy per year
- Annual ski-trip and off-site in southern Europe. Often around 2-3 days but a lot of people travelled a few days earlier so they got close to a full week.
- Taxi after 8pm
- Pretty loose policy when it came to expensing lunches. For example, my VPs took me out for £50 per person lunches multiple times and just expensed it
- Business Class if flight was above 2 hours
- A lot of team events (drinks, Christmas lunches, Christmas parties, summer parties etc.) where there were no limits whatsoever
Perks were great and feels like shit to be back in banking where I have to get robbed by the vending machine if I want anything other than a rotten banana.
Where is this
Triton, was there as an intern a couple of years ago
So they offer these perks only in London Office?
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Depends, one of the major benefits at my firm is 6 months paternity/ maternity leave most of the senior guys take 3 months then another 3 months a year after having a baby. Also tonnes of opportunities to move internationally i.e: Hong Kong etc
Is it a large-cap fund? I am also considering an international move to Asia SG/HK/JP
Following too, would be great to know the name of this fund or any other with similar international mobility opportunities
Yeah it’s a mega AM
It's a tier 1 AM think blackrock, fidelity
- Lunch and dinner stipend
- Breakfast provided at the office (cereal, bread, yogurt, fruit, etc.). Proper catered breakfast provided every 4-6 weeks
- Fully stacked kitchen with drinks and snacks
- Private health and dental insurance, plus separate fertility, mental health and GP allowances
- Annual budgets for personal development, technology and wellness. All pretty flexible as long as you can justify some link to each category
- Gym subsidy
- Free Ubers/tube/preferred method of transport to and from the office. I think there is a monthly limit but it's generous enough I don't need to worry about it
- Business class flights irrespective of distance
- Quarterly team and associate events
- Generous expense policy for anything vaguely team-building related, e.g. random coffee with another associate, spontaneous team drinks
- Annual offsite
Worth flagging that some of these are considered taxable benefits so not 100% free.
What’s the fund?
US MF?
He said tube so I assume London….
Can you guys just name your fund?
Why does the fund name even matter? Most large cap funds aren't cheap so the benefits are great.
I'd also add that even MFs have a pretty small number of associates. It's not ridiculous for people to want anonymity if they're only one of ~5 second year associates somewhere. While this thread isn't particularly controversial, it's different when someone could piece things together from other WSO posts made by Associate 2 at a certain fund.
Kind of defeats the point of the thread - OP asked what are the perks at your firm, so it probably helps to say the firm along with the perks to give a better picture. This isn’t really a topic to be conservative about - if anything you’re marketing your firm to other people lol. You can always post anonymously too…
What is the WFH policy like?
Large cap.
Team dependant. Some are 3 days in, some are 4. I'm more 3/4 with a 5 if we have team drinks.
MF - 5 days in the office, suit (and tie on most days)
Brookfield?
- Lunch and dinner stipend
- Breakfast provided at the office (cereal, bread, yogurt, fruit, etc.).
- Fully stacked kitchen with drinks (fizzy and high end fizzy) and healthy snacks
- Private health (top of the street imo) and dental insurance (standard)
- Annual travel stipend
- Business class flights irrespective of distance
- Adhoc team events, quarterly junior (across firm) events
- Various firm wide events
- Generous expense policy
- Annual offsite
- Some global offsites here and there
Guess I'm missing the tech and gym subsidies.
What type of fund?
Credit
15-25bn US fund in London:
-On-site chef preparing breakfast & lunch buffet Mon-Fr
-Deliveroo £35 after 7pm in the office (2x£35 weekends in office)
-Uber Exec after 8pm week days
-Uber Exec in & out weekends
-50% gym reimbursement
-good private healthcare
-10% of base salary as pension (incremental)
-Fully stocked kitchen (snacks, drinks, nuts, fruits, …)
Where is this?
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