Nearly every Wall Street professional will receive a year-end bonus – and for those collecting more, the amounts are double the previous year’s payouts, according to a survey on the bonus season’s early results by eFinancialCareers, a career site for financial professionals.

The survey found that 92 percent of financial services professionals received bonuses. That number easily surpasses the 79 percent who received a year-end bonus when a comparable group was polled last year.

Two-thirds of financial services professionals who saw bonuses in both years took home the same or more than the previous year, including nearly half of respondents (46 percent) who received fatter bonuses.

On average, those outperformers saw their bonuses more than double versus the previous year, while their Wall Street counterparts who earned less year-over-year (31 percent) saw their bonuses cut in half.

"This bonus season demonstrates the pay-for-performance nature of Wall Street compensation," said John Benson, founder & CEO of eFinancialCareers.com. "Lost in the uproar is how a responsive compensation structure does modulate based on firm and personal performance. With one-third of financial professionals making less this year, it’s up to them to decide if it’s rightly deserved or not. If not, opportunities are growing and they should be galvanized to look elsewhere."

Survey Finds Nearly All Financial Pros Take Home Bonus

by Banker & Tradesman time to read: 1 min
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