Money management professionals can expect to see a jump of 5% to 10% over last year's bonus payouts, according to projections from compensation consultant Johnson Associates.
This is down from the projected 10% to 15% jump expected in 2013 from the year before.
Incentive payouts for professionals in private equity is expected to rise anywhere from 5% to 15%, while professionals in the hedge fund industry can expect anywhere between a 5% drop from last year's bonus and a 10% increase. Those professionals in equities might see a 10% decrease to no increase in incentive payouts.
“Johnson Associates projects mixed incentive compensation across financial services,” a report about the projections said. “For major investment and commercial banking firms, incentive compensation is projected to be flat. Incentive compensation for asset management is again projected to increase. Business mix and cost management, speed of economic recovery and ongoing uncertainty in world markets continue to be key 2014 incentive drivers.”
The projections are based on first-quarter trends in the financial services industry, according to the report.
