Wall Street Bonuses Take a 26% Hit Amid Dealmaking Slump and Rate Hikes.
TL;DR
Wall Street bonuses fell by 26% in 2020 due to a slump in dealmaking caused by the pandemic. The average bonus was $176,000, down from $240,000 in 2019. The decline in bonuses was most significant in the fixed-income sector, where payouts fell by 44%.
- Wall Street bonuses tumbled 26% last year amid dealmaking slump Financial Times
- The average Wall Street bonus fell by 26% last year CNN
- Wall Street Bonuses Plunge to $176700 Amid Dealmaking Slump Bloomberg
- Wall Street bonuses fall 26% to $176,700 on average Newsday
- Wall Street Bonuses Drop as Rates Rise. The Average Is Still $177,000. Barron's
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