As the expression goes: tis the season to be jolly.
And that certainly rings true for Wall Streeters, who are expecting fantastic bonuses this season.
Over three-quarters of Wall Streeters expect a bonus this year, according to eFinancialCareer’s latest Bonus Expectations Survey.
And of those, 60% per cent are expecting the bonuses to increase.
These numbers are significant jumps from last year. Only 59% expected a bonus last year, and of those only 42% expected an increase.
“Money is important for a significant proportion of survey respondents: nearly half of respondents (45%) say that compensation is the most important reason in their decision to work in the financial services industry, and the majority (56%) would not be open to a reduced bonus in exchange for additional benefits,” the report states.
Survey respondents are split on whether this major bonus bump is a longer trend at firms, or just happening this year.
Regardless, this season’s looking really good.
If you’re interested in the breakdowns, here’s eFinancialCareer’s survey results: