Wall Street bonuses were expected to be big after a surge in activity last year — but how big?
As the biggest banks have started to announce year-end bonuses, the requisite celebrations and grumblings are trickling out. Early investment banking compensation data from recruiting firm Prospect Rock Partners indicates that bonuses are up a modest 1 to 2% overall compared to last year, and that VPs may be emerging as the primary winners.
Now that some are hearing their much-anticipated number, Business Insider wants to know how expectations compare with reality — and where the money, however much, is going.
Do you work in finance? We want to hear from you about your bonus this year.
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