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Wall Street Bonuses Poised to Plunge Following Slowdown in Deals

  • Incentive pay could fall 45%-plus for some investment bankers
  • ‘This is a real downer,’ consultant Alan Johnson says of drop
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Wall Street Bonuses Set for a Fall as Deals Dry Up

A warning for investment bankers who enjoyed lavish bonuses for 2021, when banks opened their wallets to reward busy dealmakers amid a war for talent: don’t expect a repeat this year. 

Incentive pay for those underwriting debt and equity could plummet more than 45% this year, while their counterparts advising on mergers and acquisitions could see their bonuses slump 25%, according to a closely watched report Thursday from compensation consultant Johnson Associates Inc.