Bankers expected to get higher bonuses this year

Nov 17, 2021
201 views
0 comments
Share
Background Checks

Every year, as tradition, Wall Street Bankers try to negotiate higher bonuses, this year owing to the economic progression, they might actually get bigger cheques.

The deals and stock trading markets have been supercharged as the country works furiously for an Economic Recovery post-pandemic, subsequently, American bankers have made significant profits. Johnson Associates, a Wall Street compensation consultancy has predicted that the bankers might see these profits in the form of 30 to 35 percent higher bonuses. These payouts will be the highest since the 2008 financial crisis. While the 30-35 percent bump is for bankers who underwrite equity or bond offerings, financiers who advise on mergers and acquisitions and equity traders and salesmen are expected to get an increase of 20 to 25 percent in their bonuses. Another reason why financial firms are giving out massive bonuses is that during the time of The Great Resignation, these firms cannot afford to and do not want to lose their top performers. Therefore like all other employers in America, they too are working towards keeping their talent. Alan Johnson, Managing Director of Johnson Associates said that usually during a time of crisis there is a lull in job turnovers as employees try to lay low and hold on to their jobs, on the contrary, 2021 and 2022 is expected to witness higher job turnovers with top-performing bankers jumping ship three months within the bonuses.

Source: The New York Times

201 views
0 comments

Tags In

Previous days news

Nov 16 Nov 15 Nov 12 Nov 11 Nov 10

Best tech jobs in the United States : BLS data

Sep 06, 2022
472 views
0 comments
Background Checks

For several reasons, the IT sector is appealing to job seekers. ...Read more

Salaries for Californian fast food employees might rise to $22 per hour

Sep 06, 2022
448 views
0 comments
Background Checks

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Workers leave as job dissatisfaction grows

Aug 17, 2022
505 views
0 comments
Background Checks

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

Microsoft offers graduates from African nations job prospects in the US & Canada

Aug 17, 2022
421 views
0 comments
Background Checks

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

Casper is hiring professional sleepers

Aug 10, 2022
478 views
0 comments
Background Checks

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Bankers expected to get higher bonuses this year

Bankers expected to get higher bonuses this year

Tags In

Others news

Category

Tags

Articles