Johnson Associates expects Wall Street bonuses to rise for a third straight year, led by equity and deal bankers. Here is what the forecast, third-quarter pay accruals and the bonus calendar mean if you are thinking about a move. Wall Street bonuses are set to rise...
“Partner” is the most prized word on the Street and one of the least consistent. Here is how to tell what a partner offer is actually worth before you take it. Every other autumn, Goldman Sachs calls a group of managing directors and tells them they have...
A reorg memo rarely tells you what it means for you. But it can change who staffs you, who credits your deals and who speaks for you when bonuses are set. Year-end is reorg season. The memos tend to land between October and January, after the budget is set and before...
Every coverage group has a cycle. The bankers who come out ahead in a sector downturn are the ones who read it early, stay useful while it turns and move for the right reasons, not out of panic. Six weeks ago, AI and tech infrastructure was the easiest story in...
A few senior moves this fall say a lot about how banks think about talent right now. Goldman Sachs hired Joseph Servi, SMBC’s co-head of asset-backed securities and head of digital infrastructure and esoteric ABS origination, as a managing director in AI...
Every fall, bankers ask us some version of the same question. The deal tape looks better. Profits are up. Why is my bank still talking about cuts? This year the question is sharper. Barclays says it will cut about 5,000 roles in 2026, roughly 5% of a workforce of...
