3rd Quarter 2018

Compensation Trends and Projections

November 2018

After the third quarter, Johnson Associates projects modest increases in incentive compensation across financial services for year-end 2018.  Incentive compensation for asset management is expected to be up moderately. Major investment & commercial banking firms continued strong performance in equities trading and underwriting.  Although some firms increased headcount, year-end layoffs anticipated due to overstaffing and technology efficiencies.  Most layoffs will occur in operations and support functions.