Discover your dream Career
For Recruiters

Would You Cut Your Bonus to Aid Your Firm?

So the market's rocky and financial giants are taking billions of dollars in write-downs. Would you trade part of your bonus for better job security?

We asked eFC users whether they'd take a smaller bonus in order to help their firm. The results:

- Absolutely - 9.5 percent

- Only because I have to - 22.9 percent

- I worked, I earned - I expect a full bonus - 53.5 percent

- What happens, happens - 14.1 percent

We're not really surprised by these responses. In fact, they make a certain amount of sense to us. But what do you think - You may have worked hard, but if your bank's s got a sub-prime mortgage problem, do think bonus time is going to as happy this year as it was in 2006? Let us all know...

author-card-avatar
AUTHORMark Feffer Insider Comment
  • as
    ashu
    11 December 2007

    i think bonus is just a part of firm's profit and if needed then firm can cut down little bit to raise the fund to grow further.

  • ma
    mattyboy
    5 December 2007

    Not a chance....typically bonus has been so far behind industry / NY standards that I feel the need to catch up...If we experienced such a bad year that coworkers would loose their jobs then I would reconsider.

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.