Bank hopping, salaries and bonuses

In a recent survey published by eFinancialCareers, 77% of participants say that the power of negotiation lies with employers and not candidates as expectations on salaries and bonuses boom.

Bank hopping has been a lively theme this year and has picked up steam in the past month when not a day has gone by without headlines of a recent hire or bank restructuring.

“There certainly was musical chairs’ at the start of the year,” said Fraser Douglas, a fixed-income specialist at Hutton Consulting in Hong Kong. But as market conditions and investor appetite deteriorated, hiring began to tail off, only to pick up again during the recent return to positive fundamentals.

“There has been some movement again in the last month with a few firms replacing key people they lost to competitors,” Fraser...

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