1. Wealth
October 13, 2010

WBrief: Half expect higher bonuses in 2011

By Spear's

Nearly half – 48 per cent – of financial services professionals polled in London expect their bonus in 2010/2011 to be higher than the one they received in 2009/2010, according to the latest employment survey by recruitment firm Morgan McKinley.

Nearly half – 48 per cent – of financial services professionals polled in London expect their bonus in 2010/2011 to be higher than the one they received in 2009/2010, according to the latest employment survey by recruitment firm Morgan McKinley.

Of the 235 financial services professionals surveyed, 88 per cent of professionals in the City expect to receive a bonus overall, with 73 per cent expecting their bonus to be up to 30 per cent of their base salary. Whilst 48 per cent expect their bonus in 2010/11 to be higher than the previous year, 41 per cent expect it to be the same.

“These expectations are a reflection of improving business performance across the sector – key to continued market recovery,” said Andrew Evans, managing director, Morgan McKinley Financial Services.

To read the full story, visit wealthbriefing.com

Content from our partners
How Guernsey’s private trustee structures can protect assets 
Luštica Bay: The Adriatic's most coveted address
AI, growth and public policy: What is the future for Britain?

Websites in our network