Bonus Tracker: Early Indications Show Big Rise

The early reports are in and it’s looking like Santa’s going to be very, very good to Wall Street this year. According to MarketWatch, bonuses in general at Wall Street banks are projected to be up on average between 10% and 20% over last year. Goldman Sachs alone has set up a bonus pool of $9.2 billion for its staff in 2005, according to a Dow Jones Newswires story last month. On average, this works out to--now get this--$420,000 for each of Goldman’s 22,000 workers worldwide. On top of that, New York officials think bonuses just for bankers working in that city could approach $20 billion this year. We’d love to hear from any little birdies about how the bonus pool is looking in your firm or group.
Wall Street Bonus Party Coming Soon [MarketWatch]

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