Bonuses on Wall Street are thought likely to be at least 50% down on last year and around 3 in 10 people will probably get no bonus at all. For some, having a job at all will be a bonus.
Although top revenue generators will continue to be well rewarded, the 'millionaire's club' will probably have around 15% fewer members this bonus round. Top earners are also likely to suffer, however, receiving bonuses of between 80-90% of last year's figure.
Wall Street analysts are to see their total compensation shrink considerably due to this year's many federal and state probes on firm's stock research practices. Many feel that the days of the million-dollar analyst are gone forever. Most M & A bankers are also likely to have had better years and will be lucky to receive anything but a nominal bonus.