“We’re expecting this to be the second best year in the last five years,” Christopher Connors, a principal with Johnson Associates, told Yahoo Finance.
“While we’re projecting bonuses to go up from 2023, it’s not quite a return to the glory days of 2021 on an absolute dollars level,” Connors added.
After a record 2021, bonuses across the financial services industry fell sharply in 2022 with underwriters seeing the biggest declines, according to Johnson Associates. Last year, payouts either declined further or remained flat.
But so far this year, investment banking has recovered. Fees earned from equity trading have also rebounded.
Yahoo! Finance / November 12, 2024