Bonus/Layoffs Watch ’14: Investment Banking Good, Interest-Rating Trading Not So Good

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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2 Responses to “Bonus/Layoffs Watch ’14: Investment Banking Good, Interest-Rating Trading Not So Good”

  1. IR Trader says:

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

  2. theShizznitt says:

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