NYC Market Perks (meals, gym credit, etc.)

Currently at a large REPE shop in NYC. Based on conversations with friends at other shops in the city, it seems like my firm does not provide market perks at the junior level (think dinner credits, Ubers home after 10p, gym credits, etc - not bonuses or 401ks). Wondering what everyone else is getting. Thanks in advance.

  1. Firm / Cohort: Top 10 asset manager
  2. Firm Focus: REPE  
  3. Team: Transactions
  4. Seniority: 1st-year associate
  5. Perks: None

Comments (18)

4mo
Steam, what's your opinion? Comment below:

You really think that's a good idea?

Array
  • Analyst 2 in RE - Comm
4mo

Let me elaborate on "approach management." I have a few senior level individuals who would socialize this initiative on my behalf. Would have adequate political cover. From a management perspective, especially in a tight market for junior talent, I'd want to understand how my company stacks up against the competition in terms of perks - just another tool to retain talent.

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  • Associate 1 in RE - Comm
4mo

Appreciate the response but giving you a 1/10 for critical reading. I clearly defined perks as the following in the OP: "think dinner credits, Ubers home after 10p, gym credits, etc - not bonuses or 401ks." Yes, I receive a bonus and match on 401k.

  • Associate 1 in PE - LBOs
4mo

Stocked Kitchen where you can make yourself a viable breakfast

Free Lunch

Free Dinner

cell phone reimbursement

Hybrid Work schedule

+ a comp package that makes people on WSO go "what firm is this? How many YOE do you have?" Etc etc 

4mo
AnalystCRE, what's your opinion? Comment below:
  1. Firm / Cohort: Top Brokerage
  2. Firm Focus: Brokerage
  3. Team: Commercial Investment Sales (+ some debt when things aren't busy)
  4. Seniority: 1st-year analyst
  5. Perks: Expense card for clients, dinner paid and ubers home after a certain time. We get a small discount on equinox and some other meaningless shit like that

Comp is decent, should be more tbh.

4mo
CREmonke, what's your opinion? Comment below:

Bank / CRE Lending

Absolutely no perks. I negotiated 1 day to wfh on Friday for the summer.

Most Helpful
4mo
mrcheese321, what's your opinion? Comment below:

I'm at a debt fund inside of a family offie. We have on site Gym, $18 lunch credit, $25 dinner credit after 7, free soda, quarterly drink events, Ubers after 8, 50% cell phone reimbursement, huge discounts at the hotels we own (like $100/day for several four seasons properties around the country), 401k is a profit share, but there is a minimum 15k per employee, heavily discounted healthcare (I pay 100/year for one of the best healthcare plans ever + 30/year for a really good dental plan, to the point that the receptionists/billing people at my doctors have commented how good it is). For employees making less than 150k/year, they provide 1 a week personal training sessions in the gym.

About 6 years ago, HR revamped the perks because they were tired of losing candidates to tech companies. Therefore, we have a lot of perks to draw talent.

P.s. I WFH on Fridays. And we have a leverage program for investments in our funds. 

4mo
Sham Wow, what's your opinion? Comment below:

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