More than 10% of finance professionals are expecting salary increases of more than 25% in the next 12 months, according to research.
Almost one-third (29%) of the 500 accountancy workers surveyed are expecting a payrise of between 1-9% in the next review, and 13% are anticipating an increase of between 11-15%.
On the bonus front, about 17% are anticipating bonuses between 10-20% of their base salary, and 11% are predicting payouts of more than 20%.
Six in 10 finance professionals (59%) said they felt “bullish” when asked how confident they felt about the market in 2007. But one in five (21%) described themselves as “neutral” and 9% said they were “bearish”.
Ian Brown, editor-in-chief of eFinancialCareers.com, which carried out the research, said: “Many of our respondents work in the City of London for the investment banks, hedge funds, and private equity houses. The picture our stats are showing us is one of rapidly increasing expectations following a year of restraint in 2005. However, it would be premature for accountancy professionals to start popping any corks at this stage of the game as expectations alone do not sustain economies or pay packages.”
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