Firm Predicts 15% Drop in London Bonuses
By BankersBall on Sep 18, 2007 in Cube Life
The 10 to 15 percent figure going around seems to apply to London banks, too.
Bloomberg is out with a story today with a 15 percent figure, citing London-based consulting firm the Centre for Economics and Business Research. The firm predicts a bonuses will drop from about 8.8BN pounds in 2006 to 7.5BN pounds this year.
B’berg also cites the Options Group as predicting bonuses down by “as much as 5 percent” in the U.S.
Previous predictions by other recruiting/compensation firms have put the figure at about 10 to 15 percent.


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