Wall Street bonuses are on track to be bad again this year. Here's the breakdown by job and business line, according compensation expert Alan Johnson.
by NY state Comptroller Thomas DiNapoli. Wall Street's average bonus in 2022 was $176,700, down from $240,400 the year before, the comptroller's office found.
"The last two years were pretty clear — one year was straight up and one was straight down. This is going to be a mixed, confusing kind of year," Johnson said. a slow first half of the year, with expectations that business prospects will improve in the second half of the year. And while there have been some signs that things"I think people were optimist that the first half of 2023 would be a lot better," Johnson said."Now the second half isn't looking so good either.
But don't feel too bad. Johnson was quick to point out that what financiers make in bonuses alone tends to exceed the average American's yearly income"When you're talking about pay on Wall Street, these people make multiples of what real people make," he said."It's not that we're trying to have a charity benefit for them."
Scroll down for more on Johnson Associates' 2023 bonus report, including its predictions for M&A advisory, underwriting, sales and trading, private equity, commercial banking, which sectors remain hot, and where the firm predicts more layoffs. Private equity bonuses will be flatAsset managers stand to be crushed by investors shifting from active to passive funds
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