Equities Traders, Underwriters on Track for Biggest Bonus Bumps
- Johnson Associates says underwriters may see a 40% jump
- Wall Street pay expected to ‘increase meaningfully’ this year
Photographer: Pichsakul Promrungsee/EyeEm/Getty Images
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Equities traders and underwriters are on track for the biggest bump in bonuses this year, thanks to the flurry of blank-check companies that have debuted on public markets, according to compensation consultant Johnson Associates Inc.
Incentive compensation for equities traders may climb as much as 30% while underwriters could see a 40% jump, Johnson said Thursday. Stock underwriters -- who worked on a record number of special-purpose acquisition companies in the first three months of the year -- are “significantly outperforming” their counterparts in debt capital markets, the consultancy said.