Money management professionals can expect to see a 20% to 25% decrease in year-end bonus payouts from last year, said projections from compensation consultant Johnson Associates.
Johnson Associates’ quarterly analysis projects broad and substantial decreases in incentive compensation across financial services. Incentive compensation for asset management is expected to be down broadly, with the coronavirus pandemic magnifying the ongoing challenges of many firms. Fees are down and revenues are declining as a result of the pandemic.
Pensions & Investments / May 13, 2020