This year is a good year to be a trader. Why? That’s the group on Wall Street expected to see the biggest bump in bonuses. Bond traders are expected to see a jump of 10% to 20%, while equities traders should see a 5% to 15% increase.
Senior executives also should be pretty happy — they are expected to get bonuses at least equal to last year’s, and up to 10% higher.
Investment bankers, on the other hand, don’t have quite as much to celebrate. Their bonuses could see a 5% increase, but the lower end of the range comes to a 10% drop from the year before.
Overall, bonuses are should rise a moderate pace across Wall Street as a whole for 2012.
For individual firms that are in the midst of scandal, though, compensation may not be as nice. Barclay’s (NYSE:BCS), JP Morgan (NYSE:JPM) and Knight Capital (NYSE:KCG) are just a few names that could suffer.
As compensation consulting firm Johnson Associates told Reuters, “Libor scandal, errant trades, and other high profile errors and losses weighs on an already hampered investor confidence, and payouts of firms experiencing specific issues.”
Related headlines:
