Morgan Stanley employees will be happy with 2014 bonuses

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It’s the best time to be a Morgan Stanley banker in years.

The New York Post reports that James Gorman’s bank is paying its workers more up front as it seeks to bring compensation in line with competitors.

Morgan Stanley lowered the portion of bonuses it will defer to 50%, down from a peak of 100% in 2012.

That’s still high relative to rivals, CEO Gorman said during a conference call Tuesday to discuss fourth-quarter results. But, he added, 'it continues to tie our employees to the firm'.

In the meantime, Reuters reports that Morgan Stanley said it would pay a smaller portion of revenue in bonuses to its bankers and traders this year even in a better revenue environment.

The firm said on Tuesday it would pay 39% or less of revenue from its institutional securities business to employees in 2015. Chief Executive James Gorman said in June the ratio would be 40% or less.

Morgan Stanley to pay bankers more up front

Morgan Stanley to pay smaller proportion of revenue in bonuses

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