Overview

• Equities traders are forecast to notch 20% to 30% higher bonuses for 2025.
• Fixed-income desks should see 10% to 20% increases with activity driven by rate fluctuations, refinancing demand.
• Debt underwriters are expected to earn 5% to 15% larger payouts thanks to a surge in corporate refinancing.
• M&A advisory bonuses are forecast flat to up 5%, with private equity pay diverging, large-cap funds steady, mid-cap, small-cap firms cutting bonuses by up to 5%.
• Executives in wealth management, hedge funds are expected to see up to 5% gains; asset managers could receive bumps of 2% to 7.5%.