Hedgies Eye Bigger Bonuses On Downcast Wall Street

Oct 10 2011 | 2:05pm ET

More Wall Streeters than not expect a smaller bonus this year—unless they work at a hedge fund.

While 38% of professionals at big banks are bracing themselves for a smaller bonus this year than last—compared to 36% who expect a larger one—about half of hedge fund pros are looking forward to a bonus bump, according to a survey by eFinancialCareers.com.

The pessimistic among the survey respondents blamed firm performance and market conditions overwhelmingly for their underwhelming bonus expectations. And more than a third blame the Dodd-Frank financial regulation law at least a little bit for the layoffs on the Street. And going forward, financial pros are even less optimistic, with 46% saying bonuses will decrease over the next three years, against just 20% predicting higher bonuses.

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