
Investment Banks Bringing Bonus Joy This Holiday Season

According to a new Investment Bank Bonus Survey conducted by Vault, 44% of investment bankers anticipate receiving a higher bonus than last year's. Vault's 2005 Investment Bank Bonus Survey, conducted in mid-November, consists of 226 responses from I-bankers across the U.S.
Regarding the amount, 44% anticipate a higher bonus than last year's, while 17% think the bonus they receive will be "about the same." Only 5% of investment bankers expected to see a decrease in their bonus amount. One survey respondent stated, "I expect it to about double&."
A majority of investment bankers expect to be satisfied with the bonus amount; 17% anticipate an "excellent" bonus, while 36% expect their bonuses to be "pretty good." Not all investment bankers anticipate a good bonus, however; 32% expect their bonuses to be just "average," while 15% of bankers classify their upcoming bonus as "poor." One banker said that he expects his bonus to be "Enormous. (I) would imagine any bank paying sub-street levels will see a huge flight of talent..."
When asked how they'll be spending this year's bonus, investment bankers overwhelmingly said they'll be saving or investing the money. Some other responses: buy a house, buy a car, get out of debt, buy gifts for the family, get a new watch, and pay for a wedding. One lucky woman will benefit greatly from her husband's bonus, as he'll be purchasing "a new Bentley for my wife."


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