Wall Street’s dealmakers may see bonuses for 2022 drop as much as 40% as initial public offerings and underwriting businesses continue to slow.
That’s according to the latest projections by Alan Johnson, managing director of the compensation consultancy Johnson Associates Inc. This year’s once-in-a-generation levels of inflation will also weigh on pay, Johnson said Thursday in a report.
“For the first time in decades, inflation has a significant impact on real compensation outcomes,” he said.
Rising interest rates and the ensuing increase in borrowing costs are hindering deals, while volatility has sapped the market for equity underwriting. As a result, Johnson predicted that dealmakers will see bonuses
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