If broken up among the five-largest investment banks — Goldman Sachs Group Inc., Morgan Stanley, Merrill Lynch & Co., Lehman Brothers Holdings Inc. and Bear Stearns Cos. — the average bonus would reach $201,500 per person. Bloomberg says that a bigger bonus pool of $38 billion is attributable to a record $9 billion of fees for arranging acquisitions. Last year, Wall Street workers shared a then-record $36 billion in bonus money. — Gerald Magpily
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Comments
Interesting Article.
Please note that we will conduct our 2nd annual Wall Street Comps survey beginning of 2008, with results to be released in February.
Even though last year’s participation was already high, more submissions will result in more statistically relevant data points from which to draw comparisons and insights. Additionally, we strive to diversify our participant base across firms and tenure.
You can help to meaningfully increase the value of the survey by participating and by encouraging your friends and colleagues to participate at http://www.wallstreetcomps.com . The survey will be open on January 1, 2008.
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Regards,
The Wall Street Comps Team