Banking Bonus Pool Will Be 'Huge,' Robert Walters Says

The transcript discusses the current trends in bonuses among investment banks, highlighting a significant bonus boom aimed at retaining top performers. It explores the impact of the great resignation trend on the financial industry, particularly in Hong Kong, where recruitment challenges are intensifying. The discussion also compares the competitiveness of Chinese banks in terms of salaries and bonuses, noting differences in payment structures and overall compensation packages.

What is the primary reason for the large bonus pools in investment banks this year?

• To attract new talent from other industries

• To compensate for lower base salaries

• To reward all employees equally

• To retain top performers and prevent them from being headhunted

How are bonuses expected to compare to last year for front office employees?

• They are expected to be lower than last year

• They are expected to be the same as last year

• They are expected to range from 12 to 20 months

• They are expected to be non-existent

What is a significant factor contributing to the 'great resignation' trend in Hong Kong?

• Lack of job vacancies

• Desire to work in fintech

• Limited career opportunities outside Hong Kong

• High tax rates

Which group of employees is most affected by the talent movement in Hong Kong?

• Senior executives

• Core working level employees like AVP or VP

• Junior staff

• Interns

How do Chinese banks' base salaries compare to those of Wall Street banks?

• They vary significantly by region

• They are generally higher

• They are generally lower

• They are about the same

What is unique about the bonus payment method of Chinese banks?

• They pay bonuses in multiple tranches

• They do not pay bonuses

• They pay bonuses only to senior executives

• They pay bonuses in a single lump sum

In terms of total compensation, which banks are perceived to offer better packages?

• Chinese banks

• Neither offers competitive packages

• Wall Street banks

• Both offer similar packages