Posts by doubleup
Bonuses Seen Soaring for Bond Desks, Traders in Early Prediction
Bankers who underwrite debts may see payouts swell as much as 25% as deals pick up this year, according to a report Tuesday from compensation consultant Johnson Associates Inc. For bond traders and equity underwriters, incentives may rise 20%. “In general, employees in financial services should be pretty pleased: The amount of money they earn…
Read More1st Quarter 2024
Compensation Trends and Projections May 2024 Projections: Traditional asset management boosted by market appreciation and stabilizing flows. Hedge fund incentives rise on inflows and strong performance. Investment banking higher as capital markets activity rebounds from multi-year lows. Illiquid alternatives flat to up modestly despite challenging fundraising. Headcount down 2% – 4% from 2023 across financial…
Read MoreWall Street Bonuses to Rise This Year as Deals Return, Says Report
Bonuses are poised to recover on Wall Street this year, fueled by strong equity market gains and recovery in investment banking, according to financial services compensation firm Johnson Associates. Investment bankers helping companies issue debt are expected to have the highest raises in bonuses this year, from 15% to 25%, as companies sell record volumes…
Read MoreFTC’s Non-Compete Ban Could Lead to ‘Draconian’ NDAs, Non-Solicit Agreements
Asset managers typically use non-competes when hiring certain C-suite executives, portfolio managers and other “high-end” roles, especially in technology and alternatives, said Alan Johnson, a managing partner at compensation consultancy Johnson Associates. It is also fairly common for top distribution, sales or product development leaders to have non-compete agreements, as reported. The ban may also…
Read MoreFinancial Services Compensation Webcast March 2024
Location: Virtual 2023 Recap and Unfolding 2024 Changes
Read MoreWho Gets Bigger Bonuses – a Losing Super Bowl Team or the Average Wall Street Employee?
Meanwhile, each Kansas City Chiefs player is slated for $338,000 in bonus pay… In the world of professional sports, six-figure sums are small potatoes. Super Bowl MVP Patrick Mahomes is working under a 10-year contract worth $450 million, according to Spotrac. “This is not even chump change for him,” said Alan Johnson, managing director at…
Read MoreBanker Bonuses Take a Hit
Bonuses dropped by as much as 25% for the year, according to compensation consultancy Johnson Associates. “After a terrible ‘22, people were hoping that things would be a lot better — but they weren’t,” Alan Johnson, CEO of Johnson Associates, tells The Finance Files. “Most people were pretty disappointed.” Johnson says that, for many bankers…
Read MoreFinancial Sector Pay Wavers Amid Broad Uncertainty
According to Alan Johnson, managing director at executive pay consulting firm Johnson Associates, boards in the financial services sector are struggling with how to set performance goals for certain equity compensation plans because the sector is heavily impacted by short-term turbulence. Additionally, it has become increasingly difficult to forecast how the market will behave over…
Read MoreDealmakers Bemoan Brutal Wall Street Bonus Season: ‘People Were Shocked’
“As you look at the firm-by-firm data, each bank is starting from a different place,” said Chris Connors of Wall Street compensation consultant Johnson Associates… “With bonus pools generally down, the strongest performers take a relatively outsized portion,” said Connors. “As the banks await an M&A rebound, they want to retain their best performers. On…
Read MoreCarried Interest White Paper
Assessing Current and New Methodologies on Valuation February 2024 Alternative investment firms, including private equity, have often used simple methodologies for describing carried interest values with the shorthand of carry dollars-at-work. While this approach often works well for like-for-like funds, as firms expand into other investment strategies with differing timelines and return expectations, it…
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