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December 17, 2004 11:08 AM

‘Tis The Season For Wall Street Bonuses


Excerpt: Investment bankers, traders and other Wall Street types are starting to find out how big, or in a few cases how small, their year-end bonuses are, and unlike recent years, when profits were lean and budgets were tight, there’s something to cheer about in 2004.


Investment bankers, traders and other Wall Street types are starting to find out how big, or in a few cases how small, their year-end bonuses are, and unlike recent years, when profits were lean and budgets were tight, there’s something to cheer about in 2004.

With the stock market edging higher again and the pace of corporate deal-making strong, compensation experts and recruiters expect this year’s bonus pool for Wall Street firms to be up 10 percent to 15 percent over 2003 levels. That’s decent, but not as impressive as the fat bonuses doled out in the late '90s, compensation experts say.

“Some companies are doing better, and others are doing less well, but on the whole this has been a solid year for Wall Street bonuses,” said Alan Johnson, managing director of the compensation consulting firm Johnson Associates.

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