Financial Services Professionals in Asia Set to Receive Record Bonuses
If you work in financial services, you may be in for a pleasant surprise this year, as bonuses are expected to increase significantly compared to last year. According to Options Group, an international search firm, this year’s bonus increases globally are predicted to be the largest in a decade, with Asia leading the way.
Positive Outlook for Asian Bonuses
Options Group’s forecasts reveal that Asian bonuses are projected to rise by 9.3%, surpassing the expected increases of 4.3% in EMEA and 6.7% in the US. This data indicates a promising trend for professionals in the financial services industry in Asian markets.
These forecasts are backed by insights from local recruitment consultants, as well as data from the firm’s intelligence unit and SEC filings. Additionally, other industry reports from Johnson Group and the New York State Comptroller have also been optimistic about this year’s bonus outlook.
Shift in Bonus Trends
Compared to last year, where Asian bonuses were projected to increase by only 4%, this year’s forecasts paint a more promising picture. In particular, Asian commodities bonuses are expected to rise by nearly 2%, with significant increases in equity derivatives and prime finance.
These positive trends indicate a favorable climate for financial services professionals in Asia, especially in Hong Kong and Singapore.
Conclusion
As professionals in the financial services industry gear up for bonus season, the outlook appears bright for those in Asian markets. With record increases expected in bonuses, this year could be a lucrative one for bankers and traders in the region.
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