此前，整个行业经历了两年的限制，而投资银行在疫情最严重的时候，难以维持它们处理的交易和交易狂潮。一年前，在大多数办公桌上，相对不温不火的涨幅还不足以跟上通胀的步伐。现在，经理们正在计划加薪，以反映业务好转，以及对未来一年的一些乐观情绪。毕竟，这四家公司去年前九个月的交易收入增长还不到10%。更快地提高奖金可以帮助确保员工留下来争取更多的业务。Source: Zhithon Finance
Executives from the largest investment Banks on Wall Street are making plans to grant traders and brokers their highest bonuses since the pandemic.
According to sources familiar with the plans, executives from the largest investment Banks on Wall Street are working on a strategy to offer traders and brokers their highest bonuses since the pandemic, with many departments expected to see bonuses increase by 10% or more. $Bank of America (BAC.US)$ This is the average pay raise for investment bankers and traders responsible for Stocks and fixed income products. $Morgan Stanley (MS.US)$ In addition to its larger competitors. $JPMorgan (JPM.US)$ The bonuses for traders will increase by more than 10%. Morgan Stanley investment bankers' bonuses will rise by about 15%. $Goldman Sachs (GS.US)$ The rewards for certain trading departments will be even greater.
Previously, the entire Industry experienced two years of restrictions, and investment banks struggled to maintain the trades they handled during the peak of the pandemic. A year ago, the relatively lukewarm increases at most desks were not enough to keep up with inflation. Now, managers are planning to raise salaries to reflect the improvement in Business and some optimism for the coming year. After all, the trading income for these four companies grew by less than 10% in the first nine months of last year. Increasing bonuses more quickly can help ensure employees stay to chase more Business.
However, the average numbers described by industry insiders do not reflect the most generous returns that key executives are about to receive, nor do they reflect the conditions that those rated as underperformers by their superiors are about to face.
It is well known that Wall Street's year-end bonuses are highly volatile as the Industry cycles through boom and bust. When the economy is good, individual windfalls can reach millions of dollars—several times the salary income of bankers and traders.
When the pandemic spread in 2020, Wall Street firms were initially reluctant to hand out what could prove to be temporary windfalls. However, as competition for talent intensified, they raised compensation in 2021. Subsequently, rising interest rates dampened trading, keeping bonuses in check. Banking leaders started setting the latest bonus pools at the end of last year, and in recent weeks they have been communicating these decisions to middle management. The Bank of America will begin to announce financial performances next week.
Compensation consulting firms have forecasted for months that the pay increases for investment bankers, traders, as well as professionals in asset and wealth management will reach double digits, while certain businesses in the broader sector may see increases exceeding 20%. For example, a report from Johnson Associates Inc. in November predicted that the pay for stock underwriters could be up by 25%, and the pay for bond underwriters could be up by 35%.
编辑/jayden
