Reported 2 months ago
Bonuses are set to rise again for Wall Street bankers as a resurgence in dealmaking in 2024 leads to increased profits for major financial institutions. Debt underwriters can expect incentives to jump by 25% to 35%, while those involved in equity underwriting may see bonuses increase by 20% to 30%. After two years of declining bonuses, investment banking is experiencing a recovery with major banks reporting higher revenues. However, sectors like mergers and acquisitions may not enjoy the same boosts due to regulatory challenges and economic uncertainties.
Source: YAHOO