FT: 80% of City workers see bonus rises or stable - Spear's Magazine

FT: 80% of City workers see bonus rises or stable

Four-fifths of City workers expect their bonuses this year to be higher or similar to those last year in spite of public concern over the role the pay-outs played in the banking crisis, according to a report to be published on Wednesday.

Four-fifths of City workers expect their bonuses this year to be higher or similar to those last year in spite of public concern over the role the pay-outs played in the banking crisis, according to a report to be published on Wednesday.

But Morgan McKinley, the financial recruitment specialist, said its findings did not signal a return to boom times because bonuses were at depressed levels a year ago.

With the annual bonus season approaching, Morgan McKinley surveyed 200 financial services professionals in London. Thirty-nine per cent said they expected their bonus to be higher than last year’s and 40 per cent expected the pay-out to be similar.

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