Wall Street Braces for Weak Bonuses
It’s Week 1 of 2023, but many of Wall Street’s top talents are starting to think about their Act 2.
Traders on the floor of the New York Stock Exchange on Jan. 3.
Photographer: Bloomberg
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It’s Week 1 of 2023, but many among Wall Street’s top talent are starting to think about their Act 2. I spent the week ringing people just to ask what’s up and got the sense that they’re having tons of soft conversations on new job opportunities as they await the receipt of their bonuses, which are expected to often be down 20% or, in some cases, 50%. Some might be “zeroed out,” meaning they won’t receive a bonus at all.