Wall Street Bonuses Set to Surge as Market Conditions Improve

After years of decline, Wall Street bonuses are expected to increase significantly in 2024, driven by a rebound in investment banking and equity markets.

• Investment bankers, particularly debt underwriters, anticipate the highest bonus increases, ranging from 15% to 25%.
• Equity underwriters and traders in fixed income and equities are projected to see bonus rises between 10% and 20%.
• Despite overall sector improvements, bonuses in commercial and retail banking are expected to remain flat or decrease.
• Private equity remains the only segment where compensation has surpassed 2021 levels, reflecting a smaller but highly compensated workforce.
• The resurgence in initial public offerings and higher trading volumes are key factors contributing to the anticipated bonus hikes.

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