Bonus Watch ’22: Baby, It’s Cold Outside

There is a distinct chill in the air on Wall Street this morning. It is emanating from executive suites across the financial industry, from which there shall be no help with those fast-rising heating bills.

Industry experts expect that year-end incentive compensation will drop by double digits for many financial services professionals after a year of challenging market conditions.

Those dire predictions of August are freezing into place: Underwriters will have to make due with up to 45% less this holiday season. Asset managers will be down by as much as a quarter. Advisory siders by a fifth. Private equity folks by 15%.


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