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Fund managers, bankers and brokers will see up to 40% pay cut, Wall Street compensation experts warn
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fnlondon.comWall Street compensation consulting firm Johnson Associates is flashing a caution signal to fund managers, bankers and brokers not to expect anything like last year’s bonus when the time arrives for those annual cheques.
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%, the firm said Tuesday. Investment bankers at the largest institutions stand to absorb the sharpest cuts of as much as 40%.
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