After $159.4 billion in commissions in 2021, bonuses are expected to rise sharply.
More than ever, the bonus season is eagerly awaited by investment bankers. 2021 has been an excellent year and they hope that variable remuneration will be up to par. In the United States, at the end of December, several major Wall Street banks, such as Goldman Sachs, JPMorgan or Bank of America hinted that their bonuses would be colossal, up 40 to 50% compared to 2021!
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“Since mid-2020, almost all engines have been running at full throttle in global investment banks”, explains Matthieu Prieuret, partner at Eurogroup Consulting. The mergers and acquisitions market has never been so active with $5.8 trillion in deals signed last year. And the equity markets flew from record to record. Only the bond market shone a little less.
As a result, global merchant and investment banks earned a total of $159.4 billion in fees in 2021, according to statistics provider Refinitiv…
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