Bonuses rise in equities

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The Monks survey covers medium and small financial institutions only, rather than big investment banks.

The bonuses of senior equity salesmen jumped to 55% from 41%, while equities traders received 31%, up from 22%, says the May 2001 survey.

Senior Eurobond traders, however, received a bonus of 42% of salary, down from 50% in 2000. Bonuses of medium-level eurobond traders were down to 25% from 35%.

The salaries of most equities and bond staff rose over the year, in some cases by as much as 10%.

Monks said that in 2002 bonuses of equities specialists might fall, because of volatility in the stock markets this year.

For more details on this survey and for other salary surveys, visit the Pay section on eFinancialCareers.com

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