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On Wall Street, the rich keep getting richer.

For a fourth consecutive year, year-end bonuses are forecast to be highly lucrative, with the payouts rising 10 percent to 15 percent from 2005, according to Alan Johnson Associates, a leading executive compensation consultant.

Investment bankers, who give advice to corporations, are expected to experience the biggest percentage jump, about 20 percent to 25 percent this year, from 2005. But it will again be the traders, who make investment bets for their firms, and those who operate in the complex world of structured products and derivatives that will take home the biggest checks this year, with top-end estimates in the range of $40 million to $50 million, Wall Street executives say.

Of course, the $50 million trader is the exception, not the rule.

The year-end bonus, which makes up most of a Wall Street professional’s compensation, can vary widely.

The average managing director at a top Wall Street bank is expected to take home a bonus of $1.7 million this year, up from about $1.2 million last year. The range of managing director total compensation, according to Mr. Johnson, is $1.7 million to $2.3 million. While those may seem stately sums to many, it puts those executives back where they started before the technology bubble burst and their pay tumbled nearly 50 percent.

Then there are the rainmakers. Senior investment banking executives say top bankers can expect bonuses of $20 million to $25 million. Financial sponsors, the bankers who cater to the private equity funds that have driven much of the frenzied merger activity this year, have had a strong year in particular.

Traders, in comparison, can make extraordinary sums because they use the bank’s capital to make bets, allowing them to take big risks that either result in big rewards or gigantic headaches. Traders can make 5 percent to 10 percent of what they earn. For example, a trader who makes $500 million for the bank might take home $50 million.

And if a rising tide lifts all boats, Wall Street’s booming fortunes are producing more yachts.

First-year associates, those just out of business school, can expect a range of $200,000 to $270,000 in total compensation — base pay, bonus and long-term compensation — while a first-year analyst, just out of college, can expect to make $105,000 to $145,000. Guarantees — contracts which promise to pay bankers a fixed amount for a certain number of years — are back, but only one- and two-year contracts, Mr. Johnson said. At the height of the technology boom, three-year guarantees were commonplace.

And Wall Street giants’ compensation still pales in comparison with their hedge fund counterparts. In 2005, the top hedge fund manager took home $1.5 billion in pay while the price of entry to be on the list of the top 25 paid managers, compiled by Institutional Investor’s Alpha magazine, was $130 million.

Nada mau.