Do you deserve a bonus for your work this year? Now that bonus formulae are a discretionary mix of personal and divisional productivity, ‘living the values’ and making money for your employer, it might be hard to tell.
However, the following three charts from financial services research firm Tricumen offer some pointers on whether you’re deserving at a divisional level. Based upon data derived from Tricumen’s own research, they indicate the changes in profit and revenue market share by bank and by business area for January to September 2015 versus the same period one year earlier.
The biggest changes in Tricumen’s figures are in profitability market share. With profits rather than revenues now the main determinants of bonuses, we’d suggest that the grey lines in the charts below are the best indicator of divisional bonus payments.
1. If you work in IBD at J.P. Morgan, you deserve a bonus. If you work in IBD at Deutsche Bank, you probably don’t
IBD revenue and profit market share, the first nine months of 2015 vs. the first nine months of 2014
2. If you work in FICC trading at UBS, you deserve a bonus. If you work in FICC trading at RBS, you probably don’t
Fixed income currencies and commodities (FICC) market share, the first nine months of 2015 vs. the first nine months of 2014
3. If you work in equities trading at Deutsche Bank or UBS, you don’t deserve a bonus. If you work in equities trading at BAML or SocGen (despite a seemingly bad Q3), you probably do
Equities market share, the first nine months of 2015 vs. the first nine months of 2014