DIRS.INFO The most relevant business & tech news

☆ Wall Street bonuses to rise this year as deals return, says report
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: +1 min

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

☆ Wall Street bonus season is on track to be stressful this year. Here's the breakdown by job and business line, according to compensation expert Alan Johnson.
▼ + stars: | 2023-11-14 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +5 min

"Your whole year boils down to a 15 to 30-minute conversation," explained compensation consultant Alan Johnson. And that will result in some difficult conversations when bonus numbers start getting passed out early next year, said Johnson. This year, Johnson's New York-based compensation consulting firm, Johnson Associates, expects bonuses to be largely down from last year. The only exceptions would be for equity underwriting, retail and commercial bankers at large institutions, and wealth management. Scroll down for more on Johnson Associates' 2023 bonus report, including its predictions for M&A advisory, underwriting, sales and trading, private equity, and commercial banking.

Persons: Banks, Alan Johnson, you've, Johnson, You've, Wall, Thomas DiNapoli, It's Organizations: Labor, Business, NY, Johnson's, Johnson Associates, JPMorgan, Bank of America Locations: Johnson's New York

☆ Wall Street Takes the Subway: Banker Bonuses Set to Decline for Second Year in a Row
▼ + stars: | 2023-11-14 | by ( ) www.wsj.com time to read: 1 min

That’s according to a new survey from compensation consulting firm Johnson Associates. The analysis found that bonuses for investment bankers focused on advising corporate clients are likely to fall 15% to 25% from a year ago, including both cash and stock-based compensation.

Organizations: Johnson Associates

☆ Wall Street bonuses expected to stay flat or decline -study
▼ + stars: | 2023-11-14 | by ( Tatiana Bautzer | Thomson Reuters | Tatiana Bautzer Is A U.S. Banking Correspondent At Reuters In New York. She Previously Covered Banks In Brazil | ) www.reuters.com time to read: +2 min

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. Commercial and retail bankers at regional banks will receive bonuses that are 10% to 20% lower than the previous year, the report showed. Retail or commercial bankers working in large institutions could see year-end bonuses stay flat or rise about 10%. Bonuses for debt underwriters are expected to stay flat or drop as much 10%, while payouts for equity trading could fall 5% to 10%. Finance professionals working in fixed income trading, hedge funds, private equity firms and asset managers can expect flat bonuses or small gains or losses, according to the estimates.

Persons: Carlo Allegri, ”, Alan Johnson, Tatiana Bautzer, Lananh Nguyen Organizations: New York Stock, REUTERS, Johnson Associates, Thomson Locations: Manhattan, New York City , New York, U.S, New York, Lincoln

The pay bumps could help win over some employees who balked at smaller bonuses last year that they blamed on losses from the retail operations. The firm's allocation for bonuses fell by as much as 40% in 2022, according to another source, after earnings slid 48%. Wall Street pay varies widely based on performance and market conditions, and bonuses account for a large share of compensation - in some cases more than double an employee’s annual salary. Goldman was involved in several major transactions in recent months that spurred optimism about a nascent market recovery. WALL STREET BONUS SLIDEThe potential compensation gains contrast with expectations for a broader industry slide.

Persons: Goldman Sachs, Stephen Biggar, Goldman, David Solomon, hasn't, we're, We're, Julian Salisbury, Dina Powell McCormick, They've, Christopher Connors, WALL, Thomas DiNapoli, Sheffield, Banks, Natalie Machicao, Lananh Nguyen, Saeed Azhar, Megan Davies, Matthew Lewis Organizations: Argus Research, Wall, Goldman, Sixth, MSD Partners, Bloomberg, Natural Resources, Exxon Mobil, Arm Holdings, Johnson Associates, York, Sheffield Haworth, Thomson Locations: Biggar, Sheffield Haworth, New York

But the plunge in the deal pipeline prompted soul-searching and job-hopping among investment bankers accustomed to a feast. Barclays, which has struggled to retain bankers following a shake-up in the management of its investment banking division, has lost at least nine top technology bankers in recent weeks. Traditionally, smaller firms have been reluctant to offer investment bankers guaranteed compensation, in order to have more of their pay tied to performance. Alan Johnson, managing director of compensation consultancy Johnson Associates, said that first-year guarantees were common practice in the hiring of investment bankers, but second-year guarantee used to be rare. "You get paid a higher percentage of revenue than in a big bank, but you have to generate the revenue with perhaps less help," Johnson said.

Persons: Goldman Sachs, Sam Britton, Britton, Anthony Keizner, Goldman, Nick Pomponi, Rob Chisholm, Troy Broderick, Goldman's, Perella Weinberg, Laurence Braham, Richard Hardegree, Steve Markovich, Ron Eliasek, Jason Auerbach, Alan Johnson, Johnson, Milana Vinn, Anirban Sen, Greg Roumeliotis, Jamie Freed Organizations: YORK, Goldman, Bank of America, Barclays, Qatalyst Partners, Jefferies Financial, Technology, LSEG, Intelligence, Search, Evercore, UBS, Centerview, Jefferies, SVB Securities, Bank, Reuters, Johnson Associates, Thomson Locations: Qatalyst, New York

☆ Wall Street Is on Track for a Another Tough Bonus Season: Johnson Associates
▼ + stars: | 2023-05-09 | by ( Emmalyse Brownstein | Kaja Whitehouse | ) www.businessinsider.com time to read: +4 min

From M&A to trading, things have been slow on Wall Street this year. Life on Wall Street can be grueling — filled with long hours and strict in-office work policies. According to compensation consultancy Johnson Associates, Wall Street bonuses are on track to be disappointing — again — this year. Wall Street pros have been predicting a slow first half of the year, with expectations that business prospects will improve in the second half of the year. "When you're talking about pay on Wall Street, these people make multiples of what real people make," he said.

☆ Don't look now, but Wall Street bonuses are already trending in the wrong direction
▼ + stars: | 2023-05-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Wall Street, I'm sorry to say your 2023 bonus is already on some shaky ground. I realize we're not even halfway through the year, but after an awful first quarter, bonuses in plenty of areas of finance are trending in the wrong direction. It's a mixed bag, with some areas trending toward a double-digit percentage increase over 2022, while others are heading the opposite way. If that isn't a certainty, you can bet people, especially those earlier in their career, will look for greener pastures. Six of the largest European and US oil companies have a combined nearly $160 billion in cash and cash equivalents on their balance sheets, The Wall Street Journal reports.

☆ Bankers are expecting a terrible bonus season. A survey says 72% will consider quitting if theirs gets cut.
▼ + stars: | 2022-12-28 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

A survey of 1,096 bankers saw 72% of respondents say they will consider resigning if their bonus is cut. "Most people think it's the worst year since the financial crisis," Alan Johnson, managing director of Johnson Associates, previously told Insider. "People are worried about a lot of departures, and the kind of departures of the first-quartile people," a person close to the situation previously told Insider. Other workers in M&A and tech could also face layoffs and slowdowns in hiring, Alan Johnson previously told Insider. On the other end, investment bank advisors will likely have their bonuses cut by 15% to 20%.

Bonus payout discussions are currently underway at Morgan Stanley globally, they said. Morgan Stanley, which does not disclose details of bonus payouts, declined to comment. Wall Street investment bankers can expect much smaller bonuses this year as the economy slows, according to projections published last month by Johnson Associates Inc, a compensation consultant in New York. This year's bonus discussions are taking place after Morgan Stanley CEO James Gorman said earlier this month that the bank was making "modest job cuts" worldwide. Morgan Stanley reported a 30% slump in third-quarter profit in October, missing analysts' estimate as a slowdown in global dealmaking hurt its investment banking business.

☆ Wall Street bonus survey shows that most bankers and traders think they will be the exception to the 2022 compensation slump
▼ + stars: | 2022-12-06 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +5 min

Wall Street bonuses are predicted to fall as much as 45% this year amid a dealmaking slump. But a recent survey of traders and investment bankers suggests few think the slump will apply to them. The word on Wall Street ahead of the holidays has been loud and clear: Bonuses won't be good this year. Senior traders who predicted big bonus increases said they were expecting to be paid up because their personal P&L was up, according to the survey. Are you concerned about your bonus or taking steps to secure a bigger slice of the bonus pool?

☆ Banker bonuses are set to be so bad even the firm's revenue drivers are going to get dinged
▼ + stars: | 2022-12-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

A man pauses outside of the New York Stock Exchange (NYSE) on January 15, 2016 in New York City. While they aren't internally announced and paid until early next year, firms are wrapping up discussions about the size of bonus pools that divisions will be able to disperse from. And for many firms, the pools are being resized from Olympic to kiddie. The Financial Times reported Friday that JPMorgan Chase, Citigroup, and Bank of America are considering cutting bonus pools within M&A and IPO teams by 30%. More on how crypto firms are hoping ads can quell trust concerns.

☆ Premarket stocks: Jay Powell's dream of the 90s is dead
▼ + stars: | 2022-12-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

The robust jobs market is good news for American workers, but concerning for the Federal Reserve and equity bulls alike. “To be clear, strong wage growth is a good thing,” Fed Chairman Jerome Powell said at the Brookings Institution on Wednesday. “But for wage growth to be sustainable, it needs to be consistent with 2% inflation.” The year-over-year wage growth rate increased to 5.1% in November, more than double that goal. Getting back to a sustainable level of wage growth and tamping inflation will require reducing demand for labor. The dream is over: For the past year, Powell has advanced the optimistic idea that wage growth could be lowered without slowing the economy into recession.

☆ Wall Street salaries revealed: How much Evercore, Centerview, Moelis, and other boutique banks pay from analyst to VP
▼ + stars: | 2022-11-22 | by ( Emmalyse Brownstein | Rachel Durose | ) www.businessinsider.com time to read: +9 min

Pay soared everywhere, but particularly at boutique firms, which tend to pay more than big banks. Some of the biggest beneficiaries of that trend were those at "boutique" firms — smaller banks lesser known to industry outsiders — like Moelis, Lazard, and Evercore. It has more than 3,000 employees according to LinkedIn and more than 200 open positions. Rothschild & Co.Based in Paris, but with offices in several US cities, Rothschild has 3,600 employees, according to their website. 2 in number of completed transactions for the first half of 2022, according to their August press release.

☆ Premarket stocks: Wall Street bonus outlook is grim
▼ + stars: | 2022-11-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN Business —Ferragamo belt-buckles are being tightened across Wall Street as bankers prepare for a gloomy bonus season. “This is a canary in the coalmine for the economy, if the canary dies that’s not good for anybody,” said Johnson. In recent years, Amazon has gradually been growing its footprint in the health care sector. Earlier this year, Amazon agreed to acquire One Medical, a membership-based primary care service, for $3.9 billion. The big picture: Amazon isn’t the only Big Tech company attempting to cash-in on a chunk of the health care industry.

☆ Wall Street bonuses predicted to fall as much as 45% amid a drought in dealmaking. Here's who will get hit the hardest.
▼ + stars: | 2022-11-15 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +4 min

The dramatic decline follows bumper bonuses in 2021, which resulted in record pay. Last year was especially bountiful, thanks to record M&A and IPO dealmaking, which led to bonuses not seen since before the Great Recession. But this year, compensation consulting firm Johnson Associates predicts, bonuses will drop by as much as 45% amid a drought in Wall Street's main business of IPOs and M&A. Meanwhile, those in advisory positions of investment banks won't be as scathed as their underwriter colleagues — the analysis predicts bonuses down 15% to 20%. The analysis predicts their awards could be 15% to 20% more than last year.

☆ New York City's pay-transparency law is coming. Wall Street's big paydays will stay secret, but other changes could shake up finance.
▼ + stars: | 2022-10-27 | by ( Danielle Walker | ) www.businessinsider.com time to read: +8 min

With so much Wall Street pay linked to bonuses, the law has less bite for financial-services firms. A new salary-transparency law is about to take effect in New York City, the nation's financial capital. Will law firms take advantage of the ambiguities of the law?" "I think banks have unique problems because they have so many administrative employees. 'No way to post bonuses up front'In April, the group and chambers of commerce for the city's five boroughs sent a joint letter to the New York City Council.

Search resuls for: "Johnson Associates"

17 mentions found