Dealmakers 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 the flip side, they may be okay with their weaker performers voluntarily leaving.”

“Strong performers with long track records have had, and will have, opportunities to move,” said Connors.

Financial News / February 4, 2024