How much to tip MD? (NYC Only)

Just wondering what other PE/finance guys are tipping their MD this year.  It's been a tough year for everyone with the continued ripples of COVID, high deal flow, etc. so want to make sure I'm not off-market.  Luckily I just got my year-end bonus ($250k) so feeling generous.  Was thinking $100 for each ASO/VP, then 20% of one paycheck to the MD (so 20% of my paycheck would be 20% * $3,600 = ~$720).  Does that sound fair to you guys?  Don't want to look like a cheapskate vs. their other analysts so just curious what "market" is

 

iggs99988

Everyone knows that the only acceptable way to tip your MD is to humbly offer him a night with your partner. Please get with the times or you won't make it.

Sage Kelly has entered the chat

 

If you're an LGBT diversity hire, he probably has to be. 

I come from down in the valley, where mister when you're young, they bring you up to do like your daddy done
 
Most Helpful

Give him the whole tip, but just the tip. Otherwise it’s gay

 

I once met an Analyst who didn’t tip his MD after year 1.

Needless to say, he’s probably still doing LBOs in the cubicle in the next to the secretaries, every Friday, Saturday and Sunday night.

All he had to do was tip the guy a mere, say, 5,000-10,000 for all the MDs work, guidance, and general emotional support he had provided to the Analyst over the year.

This year, I’ll likely tip my MD anywhere from 25-35k after my bonus hits. Take notes.

 

Im sorry but what….???

I spent the whole freaking year grinding through the late nights and have to give MD/VP/Associates a few grands?

Maybe just tell me this: I don’t wanna give any, and is there anyone with me?

 

Yup. That's how I avoided the worst staffings and got a referral for a MF PE gig

 

I spent 6 months in my firm's London office. Wasn't there for the holiday season, so I don't personally know the answer here.

Would recommend asking your fellow analysts how much they tipped the MD last year.

 

10 Shiba Coins, "Don't spend it all in one place, and you might be a billionaire one day. If you Live that long" wink and walk away

 

Gave my MD a second hand patek philippe the same day I handed in my resignation letter and announced I was moving to buyside. I could immediately tell from his frown that he had been expecting at least a brand new rolex. The next day the recruiter called and told me my PE offer had been withdrawn. Don't make the same mistake that I did, kids.

 

Just tipped my MD. He started carrying my suitcases during business trips. Bit awkward.

 

In the event this isn't fake - why would you tip your MD? Like ever? They're not a valet or whatever. Express your gratitude verbally and offer to go to dinner or drinks. It's just plain weird to give a few hundos to someone who's making way more than you in the first place. And as to looking a cheapskate, I sure hope that your firm hasn't normalized tipping senior folks. These are the guys paying you for your work - what in the hell does the tip even mean?

 

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