For my BB, it's $25 if you're working until 8pm. Everyone uses seamless web, so you don't need to worry about providing receipts.

After 9pm, your entitled to a taxi cab for a reasonable amount. Don't abuse the policy with inconsistent amounts and/or unusually high cab fares during your summer. Also, wouldn't exactly have all my receipts showing 9:01 as the time you have on your receipts. You don't want any unwarranted attention on these things, as the clients are billed according to the project you work on..

Asatar:
Usually £20 (USD equivalent) for dinner if you're there until around 9pm, taxi for 10pm. We always ordered dinner at around 6:30 or 7 though. Weekends was 1 meal every 4-5 hours but no taxis.
interesting. i've seen £15 meal weekdays. taxis after 9(ish) and whatever on weekends; mentality of 'I'm here on a fuckin' weekend, i'll do what i like'.
"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

anybody know if dinner/cabs apply for MM's as well? if so - roughly the same deal? I assume its not purely BB's...

“Success means having the courage, the determination, and the will to become the person you believe you were meant to be”
 
ibanker12:
Also, wouldn't exactly have all my receipts showing 9:01 as the time you have on your receipts. You don't want any unwarranted attention on these things, as the clients are billed according to the project you work on..

If you want to avoid this problem and still dip out at 9:01 on the reg (when possible, of course), just wait til the last week after offer decisions have already been made to turn in all your receipts to a secretary.

 

During the week: $25 dinner allowance after 7 PM, cab fare after 9 PM.

Weekends: $10 breakfast, $15 lunch, $25 dinner, two free cabs.

"For all the tribulations in our lives, for all the troubles that remain in the world, the decline of violence is an accomplishment we can savor, and an impetus to cherish the forces of civilization and enlightenment that made it possible."
 

Consequatur ipsam enim reiciendis dignissimos exercitationem aspernatur. Omnis velit ut nobis sed velit maiores. Quis voluptatem non eius architecto enim accusantium est. Architecto odio eligendi aut facere.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”