Banker bonus expectations fall, shows research

28 November 2011

Professionals in the UK's banking sector are expecting an average bonus of 24 per cent on top of their basic wage for 2011, new research has revealed.

According to a study published today (28 November) by international recruitment firm Astbury Marsden, employees in the City of London are anticipating receiving a typical supplement of £19,920 for their work this year.

This figure is based on an average salary of £83,000 and represents a proportional decline on the 35 per cent expected this time last year.

Mark Cameron, chief operating officer (COO) at Astbury Marsden, explained there has been a change in the attitude of such professionals with the effects of the global economic downturn continuing to be felt.

"In the pre-credit crunch days bonuses were talked about in many multiples of base pay - this year the expectations are for fractions of salary," he noted.

This comes after the company revealed last week (21 November) that average base pay in the City has climbed 12 per cent over the last year.

By Gary Cooper

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