2014 compensation - the likely winners (and losers)

Graph And Coins

Someone has gotta pay.

Wall Street interest-rate traders will probably suffer the biggest compensation cuts for a second straight year, while firms add investment bankers and pay them more, Options Group said in a report.

Bloomberg News reports that employers may dismiss interest-rate traders and pay the remaining ones in the U.S. 18% less on average than in 2013, the recruitment firm said in a mid-year report. Investment bankers in the U.S. and Europe may see a 15% jump in total pay, and people working in equity derivatives may get an even larger boost.

'There’s not that much movement in the rates business, so the overall environment for rates is quite bleak', said Options Group Chief Executive Officer Michael Karp. 'Couple that with banks having to reduce headcount and cut risk over the last two years in that business'.

To access the complete Bloomberg News article hit the link below:

Bankers Seen Getting Raises as Rates Traders' Pay Slumps

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