Private-Equity Pay Growth Disappoints as Industry Slumps

“There’s a more optimistic environment in private equity and financial services in general, but we’re not seeing it translate immediately into staffing build-outs,” said Chris Connors, a principal at compensation consulting firm Johnson Associates. “We’re seeing tepid hiring, with head counts flattish.” In a Nov. 12 report, Johnson Associates said 2024 bonuses in private equity…

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3rd Quarter 2024

Compensation Trends and Projections November 2024 Projections: Traditional asset management boosted by market appreciation and active ETF inflows. Hedge funds rise on inflows and strong performance. Investment banking higher led by equities trading and debt underwriting. Small to mid-sized illiquid alternatives flat to up modestly while largest funds up more despite fundraising challenges. Geopolitical issues…

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Wall Street Welcomes Back Fatter Bonuses

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…

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Private Credit Competition to Drive Bonus Bump

According to a third-quarter update from Johnson Associates, private credit managers are likely to see a 10 per cent jump in their year-end payout compared with 2023. In contrast, private equity incentives are expected to be up five per cent. With banking regulation shifting momentum to private credit firms, ongoing partnerships among major banks and…

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Wall Street is Bullish About Bigger Bonuses Again

“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,…

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