Payouts for investment bankers who underwrite deals will
probably drop 40% to 45% this year, while incentive compensation
for those advising on transactions is estimated to fall 20% to
25%, according to compensation consultancy firm Johnson
Associates.
"Headcount will decrease as firms scale back after increasing
headcount in 2021 and into 2022," Alan Johnson, a managing
director at the consultancy, wrote in a report.
While investment bankers have come under pressure from turmoil
in financial markets, their counterparts in trading have
benefited from a surge in volatility and client activity.
Fixed income traders and salespeople will probably get pay bumps
of 15% to 20%, while bonuses for stock traders could rise 5% to
10%, according to the report.
(Reporting by Lananh Nguyen; Editing by Sandra Maler)
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