Wall Street's Green Christmas // Upcoming Bonus Scorecard (WSJ)IB
All of this is from Page C1 of today's WSJ.
"investment bankers and traders can expect 10% to 20% higher year-end bonuses -- roughly the same increase as last year."
"Bonuses will rise 15% to 20%, according to estimates in a study to be released this week by Options Group, a New York-based executive-search firm. Another survey, by compensation consultants Johnson Associates Inc., puts the bonus increase at 10% to 15%."
"For senior bankers with the title of managing director, this will translate into an average pay range of $2.2 million to $3.8 million, according to the Options Group report. For entry-level analysts fresh out of college, it means $130,000 to $150,000."
Global head of IB: $10 to $12 million
Global head of prime brokerage: $5 to $7 million
IB, Managing Director: $2.2 to $3.8 million
IB, first-year associate: $300,000 to $425,000
Note: #s for top-tier securities firms