Wall Street bankers and traders are in line for the biggest bonuses since Great Recession – By Hannah Miao (CNBC) / Nov 16 2021
- Wall Street is set to see the highest bonuses since the Great Recession after a busy and profitable 2021, according to a pay consultancy report.
- Investment bankers and equities traders are expected to see the biggest year-over-year increase in bonuses within the financial services industry.
- A sharp rebound in business activity this year has translated to unprecedented workloads for Wall Street professionals — and a competitive job market as companies fight to retain top talent and nab new hires.
Wall Street is set to see the highest bonuses since the Great Recession after a busy and profitable 2021, according to a report from pay consultancy Johnson Associates.
Booming deal activity, a hot IPO market and climbing equities mean bankers and traders are in line for outsized performance-based compensation, the report released Tuesday said.
But the sharp rebound in business activity this year has translated to unprecedented workloads for Wall Street professionals — and a competitive job market as companies prepare to shell out a premium to retain top talent and nab new hires.
Firms are “very concerned about turnover, even though pay is going to be up significantly,” Johnson Associates managing director Alan Johnson told CNBC
