Bonuses, Egos Expected to Rise on Wall Street

It’s that time of year again when Wall Streeters start licking their chops in anticipation of the tasty bonuses coming their way at year end. And from all accounts, this year will be a five-star feast. Johnson Associates, a compensation consulting firm that just conducted a survey on the subject, is predicting pay hikes in the 10 to 20 percent range. What does this mean your average, run-of-the-mill investment banking managing director should expect in his stocking this year? Oh, somewhere between $1.2 million and $1.8 million. And while The Times is quick to point out that this is still shy of the go-go years of 1999 and 2000, it’s more than enough to cover a few Buckley and Spence tuitions. Prime Brokers are expected to do even better, with expected increases in the 20 percent range, while fixed income traders won’t get much more than last year (though that still puts them near the top of the list). The Masters of the Universe this year: Giving new meaning to the phrase “Your loss is our gain”, some Commodity and Energy traders will pocket in the range of $15 million to $20 million. Most people will find out their number in December but have to wait until January to cash the check.
Optimism Over Size of Bonuses [NY Times]
Banking Big Shots Get Ready [Under the Counter]
Bonus Tracker: Early Indications Show Big Rise [Under the Counter]

Comments:

<< Back to main