Bulge bracket analyst perks

Anyone got insights on analyst perks on bulge bracket banks? In particular Deutsche Bank or UBS?

Any insights on dinner, car service or other perks?

Comments (105)

 
  • Incoming Analyst in IB - Gen
Apr 19, 2020 - 12:43pm

Why do you write "UberX" - Ive worked at a BB and get Uber Black lmao

 
Apr 19, 2020 - 12:58pm

Because most firms (yours clearly notwithstanding) prefer you take - or only give you the option of - UberX.

Also, they may just have been cutting you some slack on expense policy during your internship. COO office doesn't want to appear draconian (say, demand $4 incremental cost back if an intern takes a Black) before you're locked in.

 
Apr 19, 2020 - 3:17pm

I thought you get black cars home after a certain time. Isn't that the case? Or by "black cars" does it mean Uber black.

Array

 
  • Business School in IB - Gen
Apr 19, 2020 - 8:05pm

Incoming EB Associate here who lives in Newport/Hoboken area - are banks generally ok with people taking Ubers to Jersey, or is there an "accepted radius" which is only in and around midtown Manhattan? That being said, I'm sure there are a number of people who live in the Jersey City area

 
Most Helpful
Apr 20, 2020 - 12:08pm

Thanks, very helpful. Yes, that's logical. Truth is, if you forced people to commute by public transport at that hour, they simply would not survive the sheer exhaustion long-term.
I used to take cars home nightly years ago, never an issue, but we had a car service and I didn't see cost. I often napped (no missed train/bus stop at all hours, imagine?), or caught up on a personal call, etc. I had the same guy almost every night, I could request him, he knew the route I preferred! It was funny, he treated me like a princess; very formal, elegant older man, neatly dressed in a suit, opened the door with a flourish LOL. Lovely guy. Once he took me and my MD to the airport, daytime, and I walked out of the building, he greeted me with a smile "hello, Ms. ---" and grabbed my suitcase and put it in the trunk, opened the door for me, as the MD just stood there. MD kinda looks at me, and says "Is this your guy?" It was a hilarious moment, one of the few times the MD wasn't greeted like the King of England and given priority. Beauty before title! Good times, good memories.

 
Apr 20, 2020 - 12:15pm

One other question - do they still do the big closing dinners, at crazy $$$$$ restaurants, with the whole team and the attorneys? Those were the BEST.
I had one law partner we worked with on almost all deals. Not only did he only pick the best restaurants in NYC, but he would advance-select the wine for each course. Forget it - some of us (me!) are not good drinkers - a few sips and I'm sloshed - trying to sample 5 different glasses of wine, forget it! These dinners were definitely the few times I tried really unusual, exorbitant items that I didn't care if I wasted if I didn't like it (never happened tho-)

 
  • Intern in IB - Ind
Apr 19, 2020 - 12:41pm

Not sure if this is a "perk" but UBS pays interns on an hourly basis. So 85K base turns into $40/hr with an overtime pay of $61/hr. I heard GS and MS also offer overtime compensation, not sure about the other BBs.

 
  • Intern in IB - Ind
Apr 19, 2020 - 12:53pm

That's weird. Incoming intern for UBS. Just signed the paperwork and it literally states that figure in the offer letter and the New York State employement forms. What did your friend say about his pay? Is he in banking?

 
Funniest
  • Prospect in PropTrad
Apr 19, 2020 - 1:15pm

BBS tends to offer you free housing in the building!

 
Apr 19, 2020 - 4:36pm

I sometimes get a "Thanks" instead of "thx" from my MD

Array
  • 30
 
  • Business School in IB - Gen
Apr 20, 2020 - 12:03pm

Perhaps in light of this whole COVID/WFH situation, banks will now start issuing laptops to junior bankers rather than chaining them to desktops, and making people VPN through a personal device at home (which is slow as hell). I was under the impression that EBs issue laptops to Analysts/Associates, and am surprised to read here that BBs don't do the same

 
Apr 20, 2020 - 1:51pm

Technology is an absolute joke at most banks.

Part 1: Regs/Compliance (Some considerate and well thought out, but most ridiculous and assume we are all out to cripple our professional reputation and client relationships)

Part 2: Cost (massive delayed attention to systems to save short-term costs that build in to serious long-term costs and implementation risks)

Part 3: Poor user application and troubleshooting (Hardos in IT/Tech who are seemingly committed to over complicating code & process fundamentals to prove how smart they are to one another)

 
  • Incoming Analyst in IB - Gen
Apr 21, 2020 - 11:19am

What bank is this? Dont have to answer if u dont want to- just curious what you buy for dinner with $35- I have trouble spending $25 (usually have to get a drink/side or something to hit the limit)!

 
  • Intern in 
Apr 21, 2020 - 11:25am

statistically more likely this BB's name contains Morgan
given we all know Jamie D is not likely to extend $35...
Probably Morgan Stanley.

 
  • Incoming Analyst in IB - Gen
Apr 25, 2020 - 2:46pm

I thought the second was only if you stay past midnight (did they change it since last summer?)

 
  • Associate 1 in IB - Ind
Apr 25, 2020 - 3:01pm

Yup - for the 2nd dinner you can start ordering from 10pm but need to stay until midnight. I mostly just used it for fruits / snacks / drinks

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