Lower bonuses for domestic insurance bankers as firms' revenues take a hit

Domestic investment bankers may take home 30-50 per cent of annual pay as average bonuses, far lower than the 100-200 per cent they pocketed in the last financial year. 

FY19 saw a lull in equity capital market (ECM) activity, particularly in the latter half of the year, impacting revenues. The amount mopped up by way of initial public offerings (IPOs) and qualified institutional placements (QIPs) dipped about 80 per cent over the previous fiscal, while the quantum of buyback offers declined 17 per cent. 

“The revenues on the ECM side have fallen 50-60 per cent over the previous year and only a few select bankers will pocket sky-high bonuses this year,” said a senior investment banker from a top domestic