Investment Dealers' Digest on analyst earnings
IDD (Investment Dealers' Digest) looks an analyst earnings.
The consultancy(*) forecasts that pay of senior management on Wall Street
will rise 10-15% this year, in line with the average pay rise. Equities groups
may receive pay hikes of 20%, and prime brokerage employees are set for
15% increases, according to Johnson Associates. Professionals in the
fixed-income area, which fueled profits in past years, are now expected
to get pay raises of only 5-10%. Pay in commercial banking and retail
banking divisions is expected to climb 5%.
(*) Johnson Associates.