How to get the bonus you deserve for 2014
How to get the bonus you deserve for 2014 Achieve your bonus, like this. This year’s bonus round will be…complicated. Revenues haven’t been great and certain areas (FX) have been hit by mammoth fines. European banks globally and U.S. banks in London are constrained by the EU’s bonus cap. In London, at least, the era of mega-bonuses for senior staff is probably over. Nonetheless, banks like UBS and Morgan Stanley seem to be hiking pay for 2014. And the watchword this year – as in the past few years, is ‘differentiation’. In other words, if you perform well you’ll get some sort of bonus. If you don’t, you’ll join the ranks of the pejoratively-named ‘zombies’ who receive nothing at all. We asked a selection of current and ex-bankers (and one psychologist) for advice on bonus-maximization. This is what they said. 1. Don’t think personally – maximiz...