Many bankers are expecting the worst as bonus season approaches and news has potentially leaked from Merrill Lynch that its bonus pool will drop by 50% this year. Still, Bloomberg attempts to offer an encouraging note: “Even if Merrill set aside nothing for compensation in the fourth quarter, the firm’s 60,900 employees still would reap an average of $184,000 in compensation and benefits for the full year.” Of course, this would only be encouraging if your bonus was less than the average last year; it is doubtful that the average MBA at Merrill earned less.
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