Investment bank bonuses are set to reach up to $5 million this year, up 50% from 2002, according to a survey by headhunters Armstrong International.
Interest-rate traders have the highest earning capacity, rather than credit derivative marketers who were expected to be the top earners in 2002.
The next highest expectations at the top end are in equity and credit derivatives. Managing directors in these areas can expect somewhere in the range of $700,000 to $2.7 million and $900,000 to $2.5
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