Wall Street Bonuses Predicted To Fall 20% In 2016
// Zero Hedge
Wall Street bonuses could decline by as much as 20 percent this year according to estimates from compensation consultant Johnson Associates Inc.
While bonuses are predicted to fall across the board, the firm believes that fixed income trading and investment bank underwriting will be hardest hit, estimating that bonuses for those roles will fall as much as 15 percent to 20 percent from last year.
Johnson Associates also predicts that hedge funds may cut bonus compensation by as much as 15 percent as well, while other asset managers will probably see a drop of 5 percent to 10 percent. PE firms and high net worth managers are estimated to ....