Pay expectations of senior City workers below board level have leapt in 2013, amid predictions of a 44% bonus increase for senior staff.
Salaries have risen almost twice as fast as inflation at 6%, a survey found, while predicted bonuses for staff just below board level are tipped to rise 44%.
The research from Astbury Marsden, a financial services recruitment firm, surveyed 1,500 City staff and found that managing directors are now expecting a bonus averaging £166,955 in 2013, up from £115,618 in 2012.
The research also found managing directors were receiving an average 29% pay increase when switching firms, almost double the increase in 2012.
The findings also suggested that the best-paid City workers were enjoying a much bigger increase in rewards than middle-ranking colleagues, with median pay unchanged since 2011.
However, Mark Cameron of Astbury Marsden warned that the staff they surveyed may have been overly optimistic, adding: "Business conditions in the City have improved markedly over the last six months, but 2013 might not be the bumper year some are hoping for."
The average City worker's bonus will be far outstripped by those of the biggest earners after the European Banking Authority softened its proposals for a bonus cap, potentially allowing an estimated 12,000 bankers to avoid the limit on their pay. The chancellor George Osborne had launched a legal challenge to the cap.
Last month a survey showed the overall income of the City's highest-paid bankers rose by a third last year, with more than 2,700 paid more than €1m (£830,000) in 2012.
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