Banker Bonuses Are Rising, But Traders Aren't as Lucky
- Pay consultant Johnson Associates issues year-end projections
- Asset and hedge fund managers may see little or no increase
Investment bankers can expect some hefty bonus gains this year while traders may have to settle for little or no increase this year. Bloomberg's Laura Keller reports on 'Bloomberg Daybreak: Asia.' (Source: Bloomberg)
Wall Street investment bankers can expect some hefty bonus gains this year, while traders may have to settle for little or no increase.
That’s the year-end projection from compensation consultant Johnson Associates Inc. after sedate markets helped boost business at investment banks. Fees from advising on mergers and selling stocks and bonds for companies rose at four of the five biggest firms last quarter, offsetting lower trading results. Bankers who underwrite equity and debt will probably see annual bonuses surge 10 percent to 20 percent or more, while those in retail and commercial banking can expect raises of 5 percent to 10 percent.