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Junior U.K. Merger Bankers Get 70% Bonus Jump, Survey Shows

Junior U.K. merger bankers received a 70 percent jump in 2015 bonuses as their employers seek to stem departures after two years of low payouts, according to salary benchmarking website

The median bonus of a vice-president working in the mergers department paid out this year rose to 85,000 pounds ($130,500) from 50,000 pounds, while a director-level banker saw a 6 percent gain to 127,500 pounds, it said in a statement on Wednesday. Bonuses for VPs were as high as 98,000 pounds in 2011 and hit a low of 42,000 pounds in 2013.