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Plus don't most have large expense accounts and a lot of things like dry cleaning and meals paid for?

I know one director in finance who works in Midtown butblives in upstate New York. She obviously works long hours. If she works past 8 I think, the company has to drive her the 2-3 hours back to her home instead ofnletter her take the train she usually does

As far as I am aware, that is de rigueur in big law, investment banking, and strategy consulting (along with certain marketing firms, advertising agencies, some tech firms, some auditing places, etc.).

I am not exactly sure how it works in big law or banking, but in strategy consulting, your travel points are considered part of your compensation package, and the benefits kind of compound on each other. You're working late because you're working a lot and you're traveling a lot; you're earning a ton of points on airlines and hotels; you're not only expensing a lot of your own expenses (meals, Ubers, flights, etc.), you are, just as importantly, not spending your own money on daily living expenses - and that is just as important as expensing items.

So what is on paper is a $150,000 or whatever salary it is, in effect, a $175,000 or $180,000 salary before bonus because of what you're earning in points, saving on expensing food and trans and other forms of entertainment, and so forth.

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Posted by athenslife101

Member since Feb 2013

18616 posts

Posted on 6/4/18 at 11:47 pm to AbuTheMonkey

Yeah, the management consultant I know probably gets at least 30-40k a year in travel benefits. They take Ubers to work every day and still have travel expenses left over. And they get car services all the time and some pretty heft other travel benefits. I think they got like 60 dollars extra per diem knxe because the flight didn’t arrive home by like 6:30. It arrived at 6:45. So they took me out to eat at a nice restaurant

The director I mentioned was front office that had responsibilities that are hard to describe but they had a trade desk than answered to them and they negotiated business development with clients in certain obscure processes. She certainly didn’t travel that often. But if you remember a few years ago, there was a huge freak out when an intern died from being “overworked.” So every firm on Wall Street had a bunch of rules that restrict how much time you can spend working and does stuff like pay for dinner if you work long hours. One of those rules was if you work a certain amount of time with commute, they have to ensure you get home safely and wouldn’t leave it up to you. They had a black car service for her

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