If you’re an interest-rate trader, this year’s bonus will be getting to keep your job.

Interest-rate traders will probably suffer Wall Street’s biggest pay cuts for a second straight year, while firms add investment bankers and boost their pay, Options Group Inc. said in a report. Employers may dismiss interest-rate traders and pay the remaining ones in the U.S. 18 percent less on average than in 2013, the New York-based recruitment firm said in a mid-year report released yesterday. Investment bankers in the U.S. and Europe may see a 15 percent jump in total pay, and people working in equity derivatives may get an even larger boost.

Bankers’ Pay Seen Rising While Rates Traders Extend Slump [Bloomberg]

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  1. Posted by IR Trader | June 26, 2014 at 4:58 PM

    My last 10 trades involved sushi for handjobs, and I'm top 10%.

  2. Posted by theShizznitt | June 26, 2014 at 9:06 PM

    Obviously this dour comp outlook had something to do with the UBS summer intern's decision to go back to hockey camp.