By Lisa Barron
Asset managers are expected to see another year of strong growth in bonuses, with a rise of 5 percent to 10 percent over last year’s payouts, according to projections from Johnson Associates.
On the other hand, for major investment
and commercial banking firms compensation is projected to be flat, it said.
Private equity professionals will likely see a 5 percent to 15 percent rise in bonuses, while those in the hedge fund industry can expect anything from a 5 percent decline to a 10 percent increase over last year. Those in senior firm management may receive something between a 10 percent drop to a 5 percent rise.
At the bottom of the scale are those in fixed income, who may see a 15 percent drop in payouts to a flat compensation level, according to the projections.
“Business mix and cost management, speed of economic recovery, and ongoing uncertainty in world markets continue to be key 2014 incentive drivers,” Johnson Associates said.
Originally published on BenefitsPro.com