Wall Street’s bonus expectations remain high for 2011, especially those of employees in hedge funds, boutique banks and professional services firms, according to a new survey by the job search site eFinancialCareers.com.
A full 62% of the Wall Street employees surveyed expect their bonuses this year will be higher than or the same as their 2010 bonuses. This is down slightly from 71% in 2010, a decline attributed to lower expectations on the part of employees of large banks, 38% of whom expect bonus payouts to decrease this year, compared to 36% that expect higher payouts.
Personal performance (45%) and firm performance (22%) are the primary drivers of bonus optimism.
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