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Forecasts for 2015 Bonus Vintage

NOTE: if using the data below, it is essential to us that you please refer to Emolument.com as ‘salary benchmarking site’ and use hyperlinks to www.emolument.com

Emolument.com has examined bonus data from 360 professionals working in front office in IBD, FICC and equities in London for 2014
 

Highlights:
  • Origination and advisory professionals have momentum: thanks to a strong year of dealmaking by M&A departments, trickling down to new issuance for DCM and ECM markets, we expect bonuses to be up by 25% on average
  • Equities bonuses should be in slight decrease: despite a satisfying year across many equity desks, especially in prime services, bonuses are expected to be unchanged to down slightly (3%), which is mainly due to losses in the equity derivatives market
  • Notable decline for FICC bonuses: affected by poor results on Rates, FX and emerging markets, FICC industry professionals will see there bonus melt away by 5%, but we expect Credit to stand out, having benefitted from new issuance in 2014

Average bonus figures 2014 (bonuses paid in 2014) and estimated average bonus 2015 (bonuses paid in 2015)
Red cells show the higher figure between 2014 and 2015e
Figures based on the Coalition Index and extrapolated from Emolument.com data 2011-2015 (BAML, BARC, BNPP, CITI, CS, DB, GS, JPM, MS, UBS)


Thomas Drewry, CEO at Emolument.com said:
"
While our forecasts look at bonus pools per business line and the historical distribution by title, we expect to see a strong trend of rewarding more junior bankers in 2015. Many teams encountered a major retention issue with young talent keen to make the switch to the buy side or private equity firms, where they can expect bonuses uncapped by regulation, and often a less intense corporate culture. This exodus away from banking have left entire teams depleted of their Associates and VPs, leading to incapacity to pitch or execute new business."
Emolument.com – an overview
 
Emolument.com was launched in 2012 as the only real-time bonus & salary-benchmarking site dedicated to finance and other professional services industries. With over 37,000 contributions from individuals at over 7,500 institutions, the service has become the leading provider of validated real-time remuneration data.
 
Emolument.com sources salary and bonus data directly from individual professionals who contribute anonymously. In return, contributors receive free access to aggregated market results broken down by title, location and sector.  Emolument’s mission is to provide greater transparency about what professionals really earn to help them make more informed career decisions.
 
Emolument.com has recently launched its Alumni service which allows users to benchmark themselves against their university peers by viewing their ‘Education’ report alongside their original Emolument ‘Job’ report. Reports are searchable by university and degree type and allow users to see where a given class is based, in which industry they work and how much they earn. Alumni is a free service.
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