Is your bonus this year going to be bigger ?
Incentive compensation should increase an average of 5% - 10% across financial services this year with the exception of merger advisory, according to Johnson Associates.
Bloomberg News reports that the biggest increase will likely be in equity sales and trading, where bonuses could climb as much as 20%, the compensation consulting firm said Friday in a report. Increased volatility and heightened client activity are behind the boost, the company said.
The only position not reaping the benefits is advisory within investment banking, where incentives could fall as much as 10%. Managing Director Alan Johnson said the decrease is due to the cyclical nature of the business.
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