Meal Stipend Benchmarking

The Ask:

Folks, as we approach the ninth month of work from home, some IBD divisions in banks are finally coming around to allowing late night and weekend meals while wfh.  The purpose of this post is to gather information on which banks give a meal allowance while wfh, and which banks do not. 

Using this information, people at the banks that do not offer a meal allowance will be able to point to benchmarking of peers that do offer a meal allowance.  So, go ahead and fire off the following information if you want to help your peers in the industry:

  • Firm
  • Division
  • Monday - Friday meal stipend structure: in office vs wfh
  • Weekend meal stipend structure: in office vs wfh

If you don't want to publicly post what bank you work at, go ahead and PM me the stats and I will keep a running list that I'll edit into this post.  I expect that a considerable quantity of EBs have already come around, and so have some BBs.  

What We Know So Far:

Allows stipend while wfh:

  • Evercore: $100 per week in groceries, food, or delivery
  • Lazard: Seamless 4 days per week, $35
  • Centerview: Seamless every day, twice per day on weekends, $35 per meal
  • PJT: Seamless every day, $35 for dinner weekdays, $25 weekends
  • PWP: Seamless every day, $30 after 8pm
  • Houlihan Lokey: Seamless every day, $25 per meal
  • BAML: Seamless every day, $35 for dinner, another $20 after 10pm
  • JPM: Seamless every day, $25 after 7pm, another $25 after 12am
  • MS: Seamless every day, $35 after 7pm
  • UBS: Seamless every day, $25 after 8pm, weekends @ $20 for breakfast or lunch, $25 for dinner
  • BMO: Seamless every day, $35 weekdays, $75 weekends

Does not provide stipend while wfh:  

Comments (38)

  • Analyst 1 in IB - Cov
Nov 17, 2020 - 9:49pm

UBS gets 2x on weekends. $20 for breakfast or lunch and $25 for dinner 

  • Analyst 1 in IB - Cov
Nov 17, 2020 - 10:18pm

Very annoyed that my firm doesn't provide anything now that I'm seeing the number of banks that do. 

Jun 29, 2021 - 10:37am
PeRmAnEnTiNtErN, what's your opinion? Comment below:

Because they expect people to line up to fill the ranks if people quit

  • Analyst 1 in IB - Gen
Nov 17, 2020 - 10:40pm

Why are banks not providing meal stipends? Its not like they're paying them anyways right - isnt it the client? Not sure why it cant be BAU desite wfh format...

  • Analyst 1 in IB - Cov
Nov 17, 2020 - 10:55pm

Nah if you use a general marketing or whatever your firm calls it code the company pays for it

Nov 17, 2020 - 11:22pm
Spacejam, what's your opinion? Comment below:

Typically its only allowed when you're working late while in the office.  They don't want to establish a precedent for post-covid that you can leave your office at 5pm, work from home the rest of the night, and still get your meal stipend.  Idea is to keep people in the office as much as possible.

  • Analyst 1 in IB - Gen
Nov 17, 2020 - 11:33pm

But why is that an issue? I just cant wrap my head around why banks want to control where their staff works... interned at a consulting firm and we got a dinner stipend that could be delivered home instead of having to eat in office. My productivity goes down significantly at night without a shower to re-energize

Most Helpful
  • Principal in PE - LBOs
Dec 1, 2020 - 1:52am

Pjt is $20 lunch + $35 dinner on sat/sun

  • Associate 2 in IB - Gen
Feb 12, 2021 - 3:33pm

Ok screw BBB, I'm going to BMO lol

  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
May 2, 2021 - 5:04pm
Anonymous Monkey, what's your opinion? Comment below:

Not sure if it makes the most sense to pick an employer based on the quality/budget of the food. That is important for sure but not sure if it is primary 

  • Analyst 1 in IB - Restr
Jun 16, 2021 - 9:38am

$35 dinner on week nights and $35 breakfast / lunch + $35 for dinner on weekends / holidays both wfh and in office 

  • Analyst 1 in IB-M&A
Jun 16, 2021 - 8:13pm

they made it for WFH too about a month and a half ago

  • Associate 2 in IB-M&A
Jun 16, 2021 - 11:56am

Citi $25 after 7pm everyday doordash/ubereats 

Jun 29, 2021 - 8:06am
puggins, what's your opinion? Comment below:

Optio recusandae ad vitae. Excepturi quod sunt inventore qui. Recusandae maxime nemo assumenda accusamus aliquid.

  • Analyst 1 in IB - Gen
Jun 29, 2021 - 8:20am

Enim quaerat molestiae impedit magnam. Et cupiditate debitis vel libero. Sed ut eos quod eaque sapiente temporibus ratione deleniti. Quae ex ut beatae minima. Quis qui animi accusantium provident dolor dolor. Sint omnis dolores et corporis vel ut officiis. Corrupti deleniti repellat dolor assumenda facilis sequi quis debitis.

Magnam minima fugiat omnis totam officiis. Nobis sequi sint aliquam totam dignissimos. Veritatis rerum qui dolor recusandae veniam. Architecto quasi aperiam suscipit et autem mollitia maxime. Optio non eveniet et. Totam vero quidem sunt laborum corporis consequuntur.

Start Discussion

Total Avg Compensation

May 2022 Investment Banking

  • Director/MD (9) $661
  • Vice President (36) $393
  • Associates (179) $247
  • 2nd Year Analyst (109) $161
  • 3rd+ Year Analyst (17) $156
  • 1st Year Analyst (348) $148
  • Intern/Summer Associate (73) $146
  • Intern/Summer Analyst (272) $91