Half of Wall Street certainly views the recession as over, at least with regard to their bonuses, according to a survey released Monday. The eFinancialCareers Global Bonus Expectations Survey, conducted between Sept. 15-28 in the U.S., U.K., Germany, Australia, Hong Kong and Singapore, found that 50% of U.S.-based financial professionals expect bigger bonuses for their 2010 performance than they got for their work in 2009.
Those at hedge funds, commercial banks, independent trading or research firms and professional services companies are less likely to expect more money in their bonus envelopes, but those who do, whatever their company, list personal performance and firm performance (34% and 33%, respectively) as the chief reasons for their expectations. Nine percent chalk up expected bonus increases to job-hopping.