Bonuses are poised to recover on Wall Street this year, fueled by strong equity market gains and recovery in investment banking, according to financial services compensation firm Johnson Associates.
As initial public offerings come back, bonuses for equity underwriters are expected to rise 10% to 20% this year.
"We are seeing almost all segments on Wall Street raising compensation", said the firm's founder Alan Johnson.
Higher trading volumes are expected to increase bonuses for bond traders between 10% and 20%, and 5% to 15% higher for equity traders.
Executives working at wealth management will probably have 5% to 10% higher compensation, whereas asset management and hedge fund employees are expected to receive 5% higher bonuses.
Persons:
Johnson, Alan Johnson
Organizations:
Johnson Associates, Investment
Locations:
U.S