How big a pay bump bankers and traders get will depend on the type of work they do. Those who work in the hot market for bond sales are set to see their bonuses jump by as much as 35%, according to a study by Johnson Associates, an industry pay consultant. Those who help companies sell stock should see increases of 15% to 25%, on average, with stock traders receiving raises of up to 20%.
“If you’re in the securities industry, you better be pretty optimistic,” said Alan Johnson, the firm’s founder. “Most of these firms will communicate a positive message: ‘We’re on an uptick and climbing the hill, and we’re halfway there. We expect to go even further next year.’”
The Wall Street Journal / November 12, 2024