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Nearly half of Wall Street expects bigger bonuses, survey finds

October 09, 2012|By Andrew Tangel
  • On the floor of the New York Stock Exchange.
On the floor of the New York Stock Exchange. (Scott Eells / Bloomberg )

NEW YORK -- Nearly half of Wall Streeters expect bigger annual bonuses this year, an industry study has found.

Forty-eight percent of the 911 financial-services employees surveyed by EFinancialCareers believe their payouts will be higher than last year, the survey found.

That's an increase from last year, when the survey found 41% believing their bonuses would jump.

“The mood is better, some people will be happier, but we still have another quarter to go,” Constance Melrose, a managing director for EFinancialCareers, told Bloomberg News. “People are less pessimistic than they were a year ago.”

EFinancialCareers' Bonus Expectations survey was conducted from Sept. 25 through Oct. 3.

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