Incentive awards on Wall Street expected to improve

Year-end incentive payouts for Wall Street professionals are estimated to either remain flat or experience moderate increases from last year when they tanked throughout the industry, according to an annual compensation analysis released today by Johnson Associates Inc., a New York-based compensation consulting firm. 

“The recovery in financial services continues to be a struggle, and while incentives will be modestly up, few professionals will have reason to cheer,” says Alan Johnson, managing director of Johnson Associates. “With wide variations in outcomes and an uncertain outlook, the bonus season will be rightfully subdued. Following a year when year-end incentives declined by as much as 30 percent, the fact that many firms are able to keep this year’s bonuses flat or slightly larger is notable.”