Following record-breaking payouts final yr, many funding bankers will probably be glad simply to hold on to their jobs this bonus season as incentive pay takes a nosedive.
The prospect of recession and a pointy drop in international dealmaking has precipitated banks to take the knife to bonus swimming pools in addition to employees numbers, however nonetheless, some merchants nonetheless anticipate to be effectively rewarded.
Following the success of our annual bonus survey last year, FT Cash wish to ask readers working in finance to finish an nameless, three-minute on-line survey about their 2023 bonus spherical expectations.
FT Cash bonus survey
Click here to entry the survey, or kind FT.com/bonus into your browser. That is an nameless reader ballot, and we don’t require you to offer any private info or contact particulars.
In addition to the doubtless dimension of your bonus in relation to final yr, we wish to know the way you propose to speculate, save or spend the cash.
Final yr, the vast majority of readers advised us they supposed to speculate their bonus, however 13 per cent mentioned they’d pay a lump sum off their mortgage, and seven per cent supposed to sink a few of their bonus into shopping for crypto.
How may readers’ monetary priorities have modified in 2023?
Additionally, you will have the chance to touch upon market dynamics and whether or not the removing of the cap on bankers’ bonuses is more likely to make any distinction to your future remuneration package deal.
“Few folks in funding banking can have excessive expectations this yr given the dearth of IPOs and declines throughout fairness and bond markets final yr,” mentioned Jason Hollands, managing director at Evelyn Companions. “Having a job is your actual bonus in opposition to that backdrop.”
Nevertheless, because the FT has reported, some traders in areas akin to fixed-income and foreign money buying and selling anticipate to see will increase to their bonus payouts this yr.
Within the coming weeks, FT Cash will collate and publish the findings alongside specifically tailor-made content material for readers who’re eager to be taught extra about investing their cash tax effectively.
Please direct any queries to our traditional electronic mail handle: money@ft.com
