City Bonus Season Anticipated
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big bonusesEvening Standard
•Sports
Sports
Bumper bonuses are back after the cap on City payouts is axed

77% Informative
This year’s “bonus season’ - rewarding performance in 2024 - has been particularly keenly anticipated.
It comes as the end of the first full calendar year since the cap on bonuses was scrapped in the UK in October 2023 .
Desks that seem to have been particularly well rewarded include private equity and debt capital markets.
The rebalancing of compensation back towards a more typical split of 20% fixed to 80% variable will start to end a distortion that saw base salaries for many City workers soar to make up for the shortfall in bonuses.
The tricky part for employers will be cutting the salaries now that big bonuses are back.
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