Blog Archive Compensation Report Bankers Dollars Wont Go As Far

Blog Archive Compensation Report Bankers Dollars Wont Go As Far This morning, the New York Times (“Rich and Rejected”) reported on a a familiar story and a surprising trend.   The familiar story is that banking bonuses are expected to fall by 30-40% this year, according to compensation consultants. Further,  these consultants expect that bonuses will not increase again until 2010 . The surprising trend is that some mortgage providers are no longer  willing to extend credit based on bankers expected bonuses and are demanding higher down payments, meaning that bankers dollars simply wont go as far as they have in the past. What does this mean for aspiring MBAS? Well, for those applying now, it might not mean that much. If the market were to recover by 2010,   todays applicants  will be shielded from the worst of the downturn and will discover rising bonuses when they graduate. However,  students graduating in 2009, can expect a tougher hiring environment and lower bonuses, meaning that their MBA ROIs will be affected in the short term. Share ThisTweet Blogroll Compensation Report