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06.12 - 11:27
Wall Street bankers and traders are in line for biggest bonuses since Great Recession, report says
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cnbc.comWall Street is set to see the highest bonuses since the Great Recession after a busy and profitable 2021, according to a report from pay consultancy Johnson Associates.
Booming deal activity, a hot IPO market and climbing equities mean bankers and traders are in line for outsized performance-based compensation, the report released Tuesday said.
But the sharp rebound in business activity this year has translated to unprecedented workloads for Wall Street professionals — and a competitive job market as companies prepare to shell out a premium to retain top talent and nab new hires.
Firms are «very concerned about turnover, even though pay is going to be up significantly,» Johnson Associates managing director Alan Johnson told CNBC.
Johnson
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