City expects lower bonuses

City workers expect their bonus to be equal to about a quarter of their salary this year, down from 35 per cent last year, according to a survey by recruitment firm Astbury Marsden. That translates to an average bonus of some £20,000 (assuming average pay of £83,000). However, managing directors think they will get bonuses equal to 70 per cent of their salary, or an average of £166,000. Fixed income investment bankers expect a bonus of only 13 per cent, however.