Bonus season may not be as merry as in past years as a new estimate from compensation experts say bonuses could drop as much as 15%.
The financial community may not have a happy holiday as this year's bonus season may not look anything like last year.consulting firm Johnson Associates is flashing a caution signal to fund managers, bankers and brokers when the time arrives for those annual checks.
Payouts for private-equity fund managers could drop as much as 15% this year compared with 2021 while public equities investment managers could endure cuts of as much as 25%, according to the Wall Street Journal. Investment bankers at the largest institutions stand to absorb the sharpest cuts of as much as 40%, the firm added.The forecast said the declines stem partly from inflated incentive payments coming out of last year's record level of activity for private equity, investment bankers and others on Wall Street.
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