Most London-based bankers working on mergers and acquisitions (M&A) and advising companies on deals received higher bonuses in 2014, with junior bankers seeing payouts rise sharply, new data showed on Thursday.
Reuters reports that bonuses were up on average 23% at £59,400 ($99,299) for associate-level staff and were 20% higher at £12,000 ($20,060) for analysts, according to figures from Emolument.com, the salary data specialist.
The survey, based on data from 626 bankers, showed the most senior staff, Managing Directors, were paid on average £305,000 ($509,868) in bonuses, up 1.6% versus the year before.
It marks a turnaround from the previous year when bonuses were mostly lower or flat versus 2012 levels.
A return to rising bonuses is likely to irk some in Britain, where many believe high levels of rewards encouraged the excessive risk taking that led to the financial crisis.
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image: © Matthew Hine