Wall Street Compensation & Benefits Association (WSCB)

Location:  New York City

2011 Compensation and Lessons for 2012 and Beyond

March 2012

For 2011, significant unexpected broad decline in incentive funding by sector and area, including major investment and commercial banks (down 20% to 40%+), driven by Fixed Income and Equities declines.  Investment banking currently scaled for bigger volumes.  Asset / wealth management expected to be up 5%, while Hedge Funds and Private Equity both expected to be down (10% and 5% respectively).  Challenging to manage employee expectations, decipher market trends and recognize performance.  Combination of impact of regulation and market sentiment.  Very heavy Wall Street deferrals continue for 2011.