Half of Wall Street Employees Expect Bigger Bonuses

Almost half of Wall Street employees expect their year-end bonuses to be higher this year than they were a year ago, according to an eFinancialCareers.com survey. Of the 911 U.S. financial professionals who responded to the e-mailed survey, 48 percent anticipate a higher payout, up from 41 percent in a similar survey last year, the job-search website said today in a statement. Employees of hedge funds and other asset managers were more optimistic than those at banks and broker-dealers, according the statement. Of the respondents, 82 percent work for U.S.-based companies. Wall Street’s five biggest banks, which set aside money throughout the year to pay annual bonuses, reported their worst first-half revenue since 2008. That’s reduced the estimate for bonuses from earlier in the year, compensation consultant Johnson Associates Inc. said in August…... Read all about it at http://www.bloomberg.com/news/2012-10-09/half-of-wall-street-employees-expect-bigger-bonuses.html