Wall Street workers set for highest bonuses since 2009
Year-end bonuses for Wall Street staffers are set to be the highest since 2009 this year, with investment bankers and equities traders in line for the biggest bonuses, compensation firm Johnson Associates Inc said on Tuesday. Overall, incentives at the end of this year, which include cash bonuses and equity awards, will be significantly higher compared with last year, when most professionals saw a decline in awards, the study shows. Bonuses for investment banking underwriters are projected to jump by as much as 35%, while investment banking advisers and equities sales and trading professionals can expect to see awards increase 20%-30%, according to the research.
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