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:  

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Comments (38)

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  • 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 - 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

  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
May 2, 2021 - 5:04pm

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 

  • Associate 1 in IB - Restr
May 2, 2021 - 5:31pm

Don't see anyone saying that is, but this is just a proxy for level of gaf about employees.  Also, not having meal stipends did cost me ~$10k this year.   

  • 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

Jun 29, 2021 - 8:06am

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