Ghost of Christmas past catches up with investment bankers

Grim
times in the City will see hundreds of investment bankers get no bonus this
year, with thousands of workers in research and mergers and acquisitions in
line for only half of last year’s bonus.

A
report compiled by City headhunters Armstrong International, predicts that most
investment bankers whose performance is ranked in the bottom 20 per cent of the
total workforce will not get a Christmas bonus.

Armstrong
said it believes analysts at smaller investment banks such as ABN Amro, HSBC
and ING Barings will fare worse than those working for firms such as Merrill
Lynch, Morgan Stanley and Goldman Sachs.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today and OHW+ - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

Name

This field is for validation purposes and should be left unchanged.

Δ

The
size of the payouts will depend on the area of investment banking in which
employees work.

By Quentin Reade