Wall Street Bonuses to Drop by up to 25% as Dealmaking Dries Up

Retail and Commercial Bankers at Large Institutions Could See Pay Increase, Equity Underwriting and Wealth Management Professionals to See Bonus Increase

Wall Street bonuses are expected to drop by as much as 25% this year, with investment bankers taking the hardest hit.
Retail and commercial banking employees at large institutions could see a pay increase of up to 10%, while those at regional banks could face a decline of 10% to 20%.
Equity underwriting and wealth management professionals are expected to see a bonus increase of 5% to 15% and 5% respectively.
Bonuses for debt underwriters could stay flat or drop by as much as 10%, while payouts for equity trading could fall by 5% to 10%.
2024 is expected to be another challenging year due to higher interest rates and geopolitical uncertainty.