"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.

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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