2nd Quarter 2020
Compensation Trends and Projections August 2020 READ REPORT
Most Wall Street Bonuses Appear Set to Decline, Except for Sales and Trading Jobs, New Report Says
CNBC Squawkbox / August 10, 2020 WATCH TV SEGMENT
Bond Trading Seen as Bonus Bright Spot While Others Disappoint
“You’ll hear about some multimillion-dollar trader that got some multimillion-dollar increase in pay while you got less pay,” Alan Johnson, president and founder of Johnson Associates, said in an interview. “You’re not going to be able to make everybody happy and, unfortunately, this year you’re going to make many people unhappy. There are limited funds…
Layoffs, Shrunken Bonuses Coming in Asset Management
The largest private equity funds have enormous amounts of cash to invest, but face portfolio company defaults. Alan Johnson, head of the compensation and consulting firm, said PE outfits benefit from leverage when markets are up. “Now they’re on the other side of leverage and it hurts,” Johnson told Institutional Investor. “I won’t have a…
Asset Managers to Shrink Bonuses, Slash Jobs Despite Market Recovery: Report
“It is going to be a disappointing year,” says Alan Johnson, managing principal at compensation consulting firm Johnson Associates. And lower comp isn’t the concern for industry workers. “Headcount is going to be a big issue in the industry,” Johnson adds. Effective remote work not only came as a surprise to asset manager business leaders,…
Asset Managers Are Prepping Layoffs and Slashed Bonuses as the Pandemic Pressures the Already-squeezed Industry. Here Are the Jobs Most at Risk
Managing director Alan Johnson said employees on the support and operations side of the business, like those involved in processing and lower-level technology functions, will likely be most vulnerable. The dim projections underscore how asset managers are under pressure as they navigate falling fees for products and thinning profit margins in a highly uncertain economic…
Another Down Year Seen for Manager Bonuses
“It’s not just where the markets are, it’s the fees you collect,” said Alan Johnson, managing director of Johnson Associates, in a phone interview. “We have these systemic changes within the market. We’ve moved from active to passive; we’ve moved to ETFs.” Mr. Johnson added that the decline is only “moderately worse” than estimates made…
Wall Street Bonuses Likely to Tumble, Job Cuts to Start in Late 2020: Report
Only traders and investment bankers who work in underwriting are likely to receive bigger bonuses in 2020, compared with 2019, according to the report… Layoffs could begin at traditional asset management firms and investment and commercial banking divisions later this year or in early 2021, as banks struggle to make a profit as the pandemic…