Big bonuses are on the way back at big Wall Street banks

Bonuses are on track to rise once again for some Wall Street bankers as a dealmaking revival in 2024 boosts profits for the country’s biggest financial institutions.

The biggest pay days will likely go to bankers involved in debt and equity underwriting, as well as traders.

Debt underwriters are likely to see a boost of 25% to 35% in their incentive pay while those who help companies issue equity via initial public offerings are expected to see 20% to 30% bonus pay rises, according to a new report from compensation consulting firm Johnson Associates.

Bonuses in equity sales and trading are expected to increase 10% to 15% from last year. Fixed income traders and asset and wealth managers should see bumps of 5% to 10%.

 

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