Investment Banking

M&A dealmaker bonuses to stay flat as debt underwriting payouts jump 25%

Most business lines in investment banks are predicted to rise in 2024 after a lean few years

Wall Street bonuses are set to increase after two consecutive years of declines
Wall Street bonuses are set to increase after two consecutive years of declines Photo: CHARLY TRIBALLEAU/AFP via Getty Images

M&A dealmakers could endure another difficult bonus year, but payouts for bankers in debt and equity underwriting are set to surge by as much as 25%.

Bankers in the advisory units of large investment banks are the only ones not expected to receive an increase in bonus payouts for 2024, according to closely-watched predictions by Wall Street compensation consultants Johnson Associates.

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