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Bankers Bullish on Bonuses, According to Survey

eFinancialCareers survey of mostly American bankers finds they're much more optimistic about bonuses than last year.

Bankers are quite optimistic about their 2011 bonuses, according to a survey conducted by eFinancialCareers. This year, about 40% expect their bonus will be bigger than it was last year, 21% expect no change and 9% expect no bonus. Asked why they expect a bigger bonus this year, 34% cited personal performance and 33% noted firm performance. (Among those who expect their bonus to drop, the majority, 52%, said it would be because of firm performance. And among those who don't expect a bonus at all, most, 57%, say it's because their job is not bonus eligible.) And 70% of respondents think industry bonuses in general will increase or remain the same this year as compared to last year.

Last year, among a similar group of bankers, 35.7% expected higher bonuses, 21% expected no change in their bonus and 17% expected no bonus. However, many of these bankers were pleasantly surprised to find at the end of the year that their bonuses did in fact go up. In a follow up survey conducted in January 2010, 46% of the bankers said their bonus had increased and 23% found it had stayed the same.

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