Wall Street Girds for Less Growth in Pay

Compensation for many employees of big banks and asset managers is expected to stay flat or drop this year… Equities trading and underwriting will probably be hardest hit, according to a new report by the compensation consultancy Johnson Associates. Their annual pay packages could fall by as much as 15 percent from last year. The…

Expecting a Raise? Asset Mgmt Staff Set for Pay Disappointment

Asset gains will not push incentive compensation up due to the shift in assets to lower-fee products and the rebalance out of equities into fixed income strategies, the compensation consulting firm states in its second-quarter trends and year-end projections report released today. Revenues have replaced market gains and assets under management as predictors of incentive…