Tempers said flaring about 2016 bonus pools

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Bankers are raising hell for bigger bonuses in another rough year for Wall Street revenues and employment.

The New York Post article hit the link below average bonuses are forecast by Johnson Associates to be 5% to 10% smaller in 2015, down for a second consecutive year — and tempers are flaring.

Dealmakers are lobbying hard with their bosses for a bigger slice of a shrinking pie, according to insiders and compensation experts. The average bank bonus pool has plunged 30% since 2009.

“They can lobby their departments, and that is all happening right now,” said Scott Rostan, chief executive of Training The Street, a financial training firm.

Investment bankers may see a drop up to 20 percent. Equity traders face rewards down 5 to 15 percent; debt traders down 10 percent to flat.

To access the complete New York Post article hit the link below:

Wall Street bonuses are down nearly 10% from last year

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