“2021 will be a very strong year for investment banking and we anticipate firms paying bonuses that align with individual, group, and overall firm performance,” said Chris Connors, vice president at Wall Street compensation consultants, Johnson Associates.

While M&A and equity capital markets dealmakers will be the big winners, banks are unlikely to match bonuses to the stellar performance this year, he added.

“Banks typically overlay business unit results with overall firm results and we expect overall firm bonus pools to be +15% vs 2020. With that in mind, we expect incentives to increase 30%+ in equity underwriting and advisory,” said Connors.

Financial News / October 15, 2021