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Big banks are expected to impress with year-end bonuses this year

Business Insider·Alice Tecotzky·26 days ago
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Investment banks are back on top as private equity loses its grip on Wall Street's biggest paydays A report from compensation consultancy Johnson Associates found that investment bankers could see the biggest bonus bump. Nicolas Economou/NurPhoto via Getty Images Big banks are expected to impress with year-end bonuses this year, according to a new report. Investment bankers are expected to see the 10% bonus bumps, compared to up to 5% at PE firms. AI is threatening to upend junior bankers' career pipelines, even as the broader banks excel. After years in private equity's shadow, Wall Street's biggest banks are reclaiming their status as some of finance's top-paying employers. A new report from compensation consultancy Johnson Associates found that major banks are projected to increase bonuses by 39% from 2022 levels, outpacing wealth management and hedge funds, which are expected to increase bonuses by 29% and 24%, respectively.…

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