Tue, 06/11/2012 - 10:15
Wall Street professionals can expect to receive flat to moderately larger year-end incentive payouts compared to the previous year, according to an annual compensation analysis released by Johnson Associates.
The analysis found that this year's incentives results are an improvement over 2011, when incentives fell sharply throughout the financial services industry.
"The recovery in financial services continues to be a struggle, and while incentives will be modestly up, few professionals will have reason to cheer. With wide variations in outcomes, and an uncertain outlook, the bonus season will be rightfully subdued," says Alan Johnson, managing director of Johnson Associates. "Following a year when year-end incentives declined by as much as 30 per cent, the fact that many firms are able to keep this year's bonuses flat or slightly larger, is notable."
The Johnson Associates third quarter compensation analysis shows that overall year-end incentives, which include cash bonuses and equity awards, will be flat to moderately larger (five to 10 per cent) this year compared to last year. There will be significant variation by firm and business.
Fixed income traders, who were hardest hit last year, will be the winners this year. Their year-end incentives will jump 10 to 20 per cent. On the other hand, investment bankers and equities traders will see their year-end bonuses either flat or trimmed by 10 per cent or more. Incentive payouts for the rest of the financial services industry, including prime brokerage, asset management, high net worth, retail and commercial banking and hedge funds will be flat or slightly higher (five to 10 per cent) than last year.
"Looking ahead to 2013, we expect to see a continued modest recovery in many segments of the financial services industry. Barring further economic weakness, incentives for investment and commercial bankers and those in asset and wealth management and alternatives could rise by five to 15 per cent next year. Additionally, firms will continue to reduce headcount in the US but will add to staff in emerging markets where many companies are expanding or shifting their business operations," says Johnson.
Mon 22/12/2014 - 06:30
Wed 23/07/2014 - 12:01
Mon 21/07/2014 - 12:08
Mon 21/07/2014 - 10:05
Thu 15/01/2015 - 08:19
Mon 22/12/2014 - 06:30
Tue, 24/02/2015 - 19:14
New regulations are allowing hedge fund managers and institutional investors to take advantage of fresh opportunities in the Swiss market, from innovative new fund platforms to new fund strategies and structures that provide significant portfolio diversification opportunities... »
Tue, 10/02/2015 - 13:49
Global gross domestic product (GDP) growth should accelerate somewhat in 2015 and 2016 from the pace of the last three years because of much lower oil prices, the avoidance of special drags on the world economy, and continuing easy monetary policies from global central banks, according to BNY Mellon Chief Economist Richard Hoey. Hoey (pictured) made the comments in his February outlook. ... »
Wed, 21/01/2015 - 09:44
Read how prime brokers of all shapes and sizes are becoming both operational and balance sheet-efficient, and broadening out their product suites for hedge fund managers... »
Tue, 20/01/2015 - 10:06
This Hedgeweek Special Report explains not only why managed futures should be reconsidered by investors, but also how a more effective risk allocation strategy can benefit investor portfolios in both correlated and non-correlated markets... »
Fri, 30/01/2015 - 10:12
55% of private equity firms surveyed by Preqin at the end of 2014 stated they would deploy greater levels of capital in 2015, although 39% suggested it is more difficult to find attractive investments. Preqin’s Christopher Elvin comments: ... »
Mon, 02/Mar/2015 - 14:00
Mon, 02/Mar/2015 - 12:00
Mon, 02/Mar/2015 - 11:00
Mon, 02/Mar/2015 - 10:30
Mon, 02/Mar/2015 - 09:00
Mon, 02 Mar 2015 00:00:00 GMTJunior Sales to Corporates (FX/IR)
Sat, 28 Feb 2015 00:00:00 GMTVP IG Credit Sales, NA Investment Bank
Sat, 28 Feb 2015 00:00:00 GMT