Best Perks & Benefits: AM

I saw a thread for IB and PE, interested if AM has anything similar at the shops y'all are at. Or is the WLB the sole perk?

Hedge Fund Interview Course

  • 814 questions across 165 hedge funds. Crowdsourced from over 500,000 members.
  • 11 Detailed Sample Pitches and 10+ hours of video.
  • Trusted by over 1,000 aspiring hedge fund professionals just like you.

Comments (8)

Oct 6, 2021 - 5:44pm

Hi Prospect in IB - Gen, just because I'm a bot doesn't mean I don't have feelings...I'm hoping these links are helpful. If not, feel free to throw monkey shit at me...

More suggestions...

If those topics were completely useless, don't blame me, blame my programmers...

  • Analyst 1 in ER
Oct 9, 2021 - 8:04am

Surprised by the lack of responses, does AM really have that few benefits vs. PE/IB?

Oct 9, 2021 - 12:42pm

Did banking and AM.

So far the work in AM is more interesting, hours are better, the people there just feel smarter (banking MDs are first and foremost good networkers, AM PMs love and study the markets), client relationships in AM are less transactional (literally), many AMs have good benefits when it comes to coinvesting in their funds at higher levels, comp is high at high levels (AM has more comp inequality than banking. Partner at Wellington or a MD at PIMCO is making banking MDs look impoverished), name brand AM is often band 1 for MBA recruiting, on and on.

I am very biased though since I left banking after 6 months in a not very fun environment to a very good AM I have loved so far.

  • Analyst 1 in ER
Oct 9, 2021 - 8:16pm

Very interesting - thanks for sharing. Any colour you can add on perks/benefits etc? I previously did banking too, and you could get meals after 7 and taxis after 9. During the lockdowns some banks (ex. GS) would also pay for taxis to and from the office everyday regardless of time. Anything similar in AM or are these benefits more of a IB/PE thing?

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Most Helpful
  • Analyst 2 in IB - Cov
Oct 9, 2021 - 9:44pm

I really think you're missing the point and looking at this from the point of view of a toxic IB work environment. An Uber home at 1am and eating at the keyboard at 8pm is not a perk, it just makes the job marginally less abusive. 
 

You don't get dinner at 8pm because you're not in the office past 8pm. Instead you eat dinner with your partner or friends. You don't get a taxi to/from work because there's no FaceTime and you're not forced into the office. 
 

Beyond the great WLB, the perks in AM blow IB out of the water. The benefits (401K, etc) are far more generous. The people are incredible. There are tons of after work events that are free / firm sponsored. There are countless professional development programs and learning opportunities. People are generally understanding and flexible. The list goes on. 

Oct 9, 2021 - 10:32pm

thembb

Did banking and AM.

So far the work in AM is more interesting, hours are better, the people there just feel smarter (banking MDs are first and foremost good networkers, AM PMs love and study the markets), client relationships in AM are less transactional (literally), many AMs have good benefits when it comes to coinvesting in their funds at higher levels, comp is high at high levels (AM has more comp inequality than banking. Partner at Wellington or a MD at PIMCO is making banking MDs look impoverished), name brand AM is often band 1 for MBA recruiting, on and on.

I am very biased though since I left banking after 6 months in a not very fun environment to a very good AM I have loved so far.

This is pretty much spot on. I agree with all of the above, especially the intellectual aspect of it. I will add that as far as perks go, we have lunch/dinner together often and the company puts together some great events for holidays and parties. My firm also subsidizes parking/transit. Also pretty much never have to work after 4pm unless it's QE or some one off request.

Oct 11, 2021 - 12:10pm

Dolor reprehenderit distinctio necessitatibus voluptatum dolor id sed. Odit ipsum alias placeat reprehenderit. Quis dolore fuga iure. Veniam ea laudantium rerum facilis laboriosam pariatur dolor. Exercitationem distinctio et doloribus rerum voluptates. Ipsum voluptatem repellendus commodi ratione.

Ut ea accusantium vitae voluptatem. Veniam incidunt et beatae adipisci. Sed culpa excepturi nostrum in minima id at. Dolores possimus molestias accusamus animi. Aut vero corrupti maxime totam amet. Repudiandae et nostrum vel necessitatibus reprehenderit. Eos rem quis quos eum.

Start Discussion

Total Avg Compensation

October 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (39) $363
  • Associates (228) $232
  • 2nd Year Analyst (137) $154
  • 3rd+ Year Analyst (30) $147
  • Intern/Summer Associate (103) $143
  • 1st Year Analyst (499) $135
  • Intern/Summer Analyst (385) $83