What are the expense policies typically like / how strict are they at PE funds? Eg. is it typical for junior folks to travel business class, expensing meals during WFH, etc.

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At my firm, travel policy is same as McK. For junior levels, it’s economy until it passes a certain duration than it’s business. For meals, my fund is providing a daily stipend to us, which is more so than what McK has.

That said, consulting usually treats these “perks” as charging back to the clients so it’s a little different.

There isn’t that much difference between PE and MBB in that sense. Go where you learn more and can grow instead of the place that can provide you a daily meal.

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Think 30 daily? Not much, but definitely enough for grocery and 1-2 meals a week eating out.

It’s pretty good but I’d say a little worse than my experience at McKinsey. In general slightly worse perks are made up for in pay

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