Bankers Predict Bonuses And Pay Rises

By Author: Katie Byron
Total Articles: 4
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Most finance professionals expect a bonus and a pay rise this year, according to a survey from recruitment specialists Robert Walters. However, a third are expecting a pay increase broadly in line with inflation, with very few anticipating more than a 10% pay rise.

The survey also reveals that most people working in the investment banking sector are more likely to move roles to secure a job that offers improved career progression opportunities rather than more money.

The survey, which asked more than 1,000 investment banking professionals about their pay and bonus expectations for year-end, reveals that:

• 88% expect a bonus
• More than half expect this bonus to be up to 20% of their basic salary
• Almost three quarters of investment banking professionals expect a pay rise
• 34% expect this pay rise to be in line with inflation and 88% expect it to be less than 10%
• 41% are looking to move post bonus pay out, 31% may move depending on their bonus
• 80% say career progression or a pay rise is their primary motivation for moving

Andrew Hanson, Director of ...
... Robert Walters’ Financial Services recruitment division, comments:
“The results reveal that banking professionals are keen to refocus on their career development. With more than 70 per cent of people working in the sector currently considering their career options, there looks set to be a significant amount of movement post compensation review.”

About Robert Walters - Robert Walters Plc is one of the world's largest professional recruitment consultancies, with the largest recruitment team focusing on financial services and
banking jobs in Singapore.