Posts by doubleup
Banker Bonuses Are Down Again — but It Stings This Time
This bonus season is shaping up to be another underwhelming one for bankers on Wall Street as lackluster deal activity pushes down the closely watched annual payouts. The bonuses that some bankers are getting are flat or down from what they received a year earlier, bank employees and recruiters said. Investment-banking bonuses have fallen as…
Read MoreWall Street Bonuses Fall Short of Already-low Expectations: ‘Absolute S–t’
An annual report from compensation consulting firm Johnson Associates at the end of last year predicted bankers could see bonuses dropping 15% to 25% this season. “Most Wall Street professionals will have to wait another year for a rebound in year-end bonuses,” Alan Johnson, managing director of the firm, said. “For most… it will be…
Read MoreBank Bonuses are Starting to Drop. Here’s When JPMorgan, Goldman Sachs, Morgan Stanley, and Others Tell Employees How Much They Made.
The year 2023 was marked by industry-wide layoffs, bank failings, and slow but unsure disinflation that left Wall Street wary. So this year, many bank and hedge fund professionals can expect lackluster bonus checks for a second year in a row, according to Wall Street compensation expert Alan Johnson, with most remaining flat or slumping even further…
Read More3rd Quarter 2023
Compensation Trends and Projections November 2023 Equity markets have fallen sharply from 2023 peak but remain positive. Year-end incentives somewhat delinked from stock market performance across asset management, hedge funds, private equity, and banks. Business challenges and costs in focus heading into uncertain 2024.
Read MoreWall Street Takes the Subway: Banker Bonuses Set to Decline for Second Year in a Row
A weak year for Wall Street businesses is pointing towards a sour bonus season. It’s the second straight year of sagging compensation after a windfall in 2021, when markets surged and corporate dealmaking reached a frenzy. “It’s another disappointing year, and you overlay that with inflation, people’s incomes are down meaningfully,” said Alan Johnson, managing…
Read MoreWall Street Bonus Season Won’t Be Pretty This Year. Leadership Needs to Prepare.
Employee incentive compensation at institutional firms, including investment banks and traditional and alternatives managers, could fall between 5 and 25 percent, a new analysis from compensation consulting firm Johnson Associates… “If you overlay inflation and employee expectations, it’s going to be a hard year to manage morale,” said Alan Johnson, founder of the firm. “The…
Read More2nd Quarter 2023
Compensation Trends and Projections August 2023 Johnson Associates projections at Q2 2023. Incentives at traditional asset management projected flat despite surging markets as investors shift to lower fee products. Private equity, hedge funds, and major investment and commercial banks flat to up moderately. Underwriting, advisory, and equities trading fall.
Read MoreThere’s Less and Less Financial Incentive to be CEO as Other C-suite Roles Earn More and More Money
Some C-suite jobs also command higher pay because the job has changed. “If you were the CFO 20 years ago, you were the chief accountant,” says Alan Johnson, a New York–based compensation consultant who focuses on financial executives. “Now your job is bigger and may have operations reporting to it.” For example, a Deloitte survey…
Read MoreUncertain Markets Drive Drop in Bonus Payouts
Among financial institutions, it’s been more of a mixed bag, with bigger winners and bigger losers than in recent years, said Alan Johnson, president of Johnson Associates. “Usually there’s a vignette or two, but there are multiple this year,” he added. “We haven’t even had the debt crisis yet. It’s more uncertain and there’s greater…
Read MoreExecutives and Directors Need to Comply with New Stock Trading Rules
“The biggest change here, and the reason the SEC wanted to amend the rule, was to keep public reporting companies and their executives from essentially abusing the rule by creating new plans whenever they wanted to trade,” said Alan Johnson, a managing director at compensation consultancy Johnson Associates. Agenda / May 30, 2023
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