According to London recruiting firm Armstrong International, investment bank employees in Europe may be overly optimistic about the bonuses coming their way this year. While the head hunters note that derivatives marketers who sell to hedge funds and senior investment bankers that deal with more than one product should rake it in, it ain’t lookin’ so good for others. ”There’s misplaced optimism among many bankers,” says Aidan Kennedy, Armstrong’s head of research. Profit margins “are being hit across the board, so it’s very difficult to be a single-product oriented banker and protect your value.” The study also predicts that top credit derivatives traders will top out at $2 million, not the $3 million they saw last year, and the the best equity derivatives salespeople should bank north of $1.5 million.
Bankers, HF Salespeople to Win Top Bonuses [Bloomberg]
I happen to think there will be a lot of disappointed people in certain departments this year. I trade bonds and even though I’ve done okay personally, my group’s P/L is definitely off this year. I’m guessing the bonuses will be off 10-15% but one can always hope.
You may be right Stay-C but one of my friends in M&A;is sounding pretty optimistic these days
I’m banking a buck this year, suckas!
Is that 1 Mil, 100k or $1 ?
Hey, Da Man, how much did you make the year before? What do you do?
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