Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Will Fundsters' EOY Bonuses Fall? Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, November 12, 2020

Will Fundsters' EOY Bonuses Fall?

Reported by Neil Anderson, Managing Editor

Fundsters, your bonuses may take a bit of a hit this year, but other Wall Street niches may have it far worse.

This morning the Johnson Associates team released their expectations about financial services companies' year-end incentive payments. They predict that fundsters and other asset managers will suffer a five-percent bonus drop, on average. That's similar to the New York City-based team's expectations for bonus changes at large private equity firms and high network players.

On the one hand, fundsters look to be better off than many other Wall Street areas. The Johnson Associates team predicts that hedge funds will see bonuses fall five to ten percent, small private equity firms will see a ten percent drop, investment bankers in advisory will see a 15 to 20 percent drop, and retail and commercial banking will see a 25 to 50 percent drop.

Yet, on the flip side, those in fixed income sales and trading will see bonuses leap up by 40 to 45 percent, the Johnson estimates. Other big predicted winners include: investment bankers in underwriting, up 35 to 40 percent; and those in equity sales and trading, up 20 to 25 percent.

"The pandemic is wreaking havoc on many parts of the U.S. economy this year, and the financial services industry is no exception," states Alan Johnson, managing director of Johnson Associates. "And while many industry segments have bounced back, the majority of professionals at traditional and alternative asset firms as well as retail and commercial bankers will see smaller bonuses."

Johnson also looks ahead to next year.

"Headcount reductions will continue in the first half as companies transform and adapt," Johnson states. "For 2021, we expect some stabilization with early projections for modest salary increases, and flat to slightly increased incentives." 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use