That whole ‘death of Wall Street’ was short lived, wasn’t it?
A survey conducted by eFinancialCareers.com found that more than a third of Wall Street finance professionals expect their bonuses to increase for 2009. A full 11 per cent said they expect their bonus will jump by at least 50%.
About 83 per cent of those polled expect to receive some kind of bonus this year, according to eFinancialCareers, a unit of Dice Holdings Inc. The company conducted the survey from Sept. 15 to Sept. 29.
About 52 per cent of financial-services workers said their firms have changed bonus policies, with 60 per cent saying current payouts have no impact on their risk-taking decisions. About 28 per cent said new policies constrained risk and 12 per cent said they are “emboldened” to take additional risk.