Wall Street Bonuses Projected to Decline in 2023 Due to Lower M&A, Outflows
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Low M&A volumes, fund outflows, and higher costs likely to drive down 2023 Wall Street bonuses vs 2022.
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Investment bank M&A advisors may see bonuses down 15-25% year-over-year.
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Regional retail and commercial bank bonuses could be 10-20% lower than 2022.
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Asset management bonuses projected 5-10% lower than last year due to outflows.
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Equity underwriting groups may buck trend with bonuses up to 15% higher with increased business.