Half of Wall Street Employees Expect Bigger Bonuses

by Beth Connolly on October 9, 2012

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.

“The mood is better, some people will be happier, but we still have another quarter to go,” Constance Melrose, eFinancialCareers.com’s managing director in the Americas, said in a telephone interview. “People are less pessimistic than they were a year ago.”

Read the full story at Bloomberg.

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