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

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

Rating:So Much For Fundsters' Post-2018 Bonus Gains Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, August 10, 2022

So Much For Fundsters' Post-2018 Bonus Gains

Reported by Neil Anderson, Managing Editor

Fundsters' 2022 bonus prospects are looking worse, after big gains in 2021 and 2020.

The folks at Johnson Associates predict, in their "Financial Services Compensation Second Quarter Trends and Year-End Projections" report, that bonuses at asset managers will fall 15 to 20 percent this year compared to 2021 on a headcount-adjusted basis (an increase from their 10 to 15 percent prediction from three months ago), falling more than five percent below 2018 levels. They point to AUM (thus revenue) drops thanks to market declines and outflows (especially among active equity funds).

The Johnson team still expects asset managers' base salaries to rise five percent this year. Yet that increase looks like it will be overwhelmed by the expected bonus drop and the cost-of-living hit from inflation (which Johnson puts at eight percent).

And the Johnson team also warns that they see asset managers' hiring decelerating in an effort to evaluate headcount and temper costs.

"'War for talent' slowing and headcount will decrease as firms scale back after increasing headcount in 20212 and into 2022," the Johnson team writes. 

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
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
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. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use