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  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

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