Friday, 29 May 2015
Last updated 10 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…