3rd Quarter 2023
Compensation Trends and Projections November 2023 READ REPORT
Wall Street Takes the Subway: Banker Bonuses Set to Decline for Second Year in a Row
A weak year for Wall Street businesses is pointing towards a sour bonus season. It’s the second straight year of sagging compensation after a windfall in 2021, when markets surged and corporate dealmaking reached a frenzy. “It’s another disappointing year, and you overlay that with inflation, people’s incomes are down meaningfully,” said Alan Johnson, managing…
Wall Street Bonus Season Won’t Be Pretty This Year. Leadership Needs to Prepare.
Employee incentive compensation at institutional firms, including investment banks and traditional and alternatives managers, could fall between 5 and 25 percent, a new analysis from compensation consulting firm Johnson Associates… “If you overlay inflation and employee expectations, it’s going to be a hard year to manage morale,” said Alan Johnson, founder of the firm. “The…