Reported about 5 hours ago
Wall Street professionals are set to enjoy their biggest bonus increase since 2021, with projections indicating that nearly all bankers will benefit from strong revenue growth and improved business performance. According to Johnson Associates, traders, especially those in stock trading, are expected to see bonuses rise by up to 25%. M&A bankers will see a 12.5% increase, while wealth managers anticipate a 9% rise as the stock market continues to flourish. This positive outlook follows a challenging period of stagnant bonuses in 2022 and 2023, with overall bonus payouts projected to exceed last year's record.
Source: YAHOO