Wall Street workers set for highest bonuses since 2009

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FILE PHOTO: A street sign is seen outside the New York Stock Exchange (NYSE), Wall Street, in New York City, New York, US January 3, 2019. Businesshala/Shannon Stapleton
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NEW YORK (Businesshala) – Year-end bonuses for Wall Street employees are set to be the highest this year since 2009, with investment bankers and equity traders vying for the biggest bonuses, compensation firm Johnson Associates Inc. said on Tuesday. Said to

Overall, incentives later this year, which include cash bonuses and equity rewards, will be significantly higher than last year, when most professionals saw a decline in rewards, the study showed.

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The awards reflect record levels of deal-making and trading activity as government stimulus measures helped propel global stock markets to all-time highs.

According to research, bonuses for investment banking underwriters are projected to jump up to 35%, while investment banking advisors and equity sales and trading professionals can expect to see a 20%-30% increase in rewards.

“This year’s bonus season on Wall Street should be one for the record books,” said Alan Johnson, managing director of Johnson Associates. “Almost all financial services industry segments, including investment banking, asset management and alternative investments, are performing at record levels. This, in turn, will translate into incentive rewards growth that we haven’t seen in the industry before the Great Recession. ,

Double-digit growth is projected for private equity and asset management firms, hedge funds and those in management and staff positions.

The study shows that retail and commercial banking employees are projected to receive payments that will increase marginally over 5%. Payouts for fixed income sales professionals and merchants are projected to be similar or slightly lower than last year.

Reporting by Matt Scuffham; Editing by Dan Grebler

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