1st Quarter 2020

Compensation Trends and Projections

May 2020

Preliminary projections for 2020 indicate likely a year of wide variations in incentive outcomes between stronger and weaker competitors. Number of compensation scenarios that could ultimately occur depending on virus recovery timetable, but the overall incentive trend is down based on data as of Q1 2020. Major investment & commercial banks seized opportunities in trading offset by sharp declines in advisory and retail banking.