Wall Street stock traders, money managers, commercial bankers, underwriters and even bean counters are poised for bigger year-end bonuses.
But if you advise on mergers and acquisitions, sorry.
For a second straight year, much of the industry will get “moderately” higher incentive payouts in coming months, according to a closely watched annual report released Monday by compensation consultant Johnson Associates Inc. Its projections for raises of as much as 20 percent show jittery markets can be hard on people who help companies execute takeovers, but not so much for stock traders and investors making long-term bets:
-Equities sales and trading 15 - 20%
-Private equity 5 - 10%
-Investment banking underwriting 5 - 10%
-Corporate management 5 - 10%
-Hedge funds and asset management 5%
-Fixed-income sales and trading 0 - 5%
-High net worth, retail and commercial banking 0 - 5%