Bankers are expecting a terrible bonus season. A survey says 72% will consider quitting if theirs gets cut.

Dec 28 2022 by Business Insider

 
Wall Street has been hit by a brutal market sell-off this year.

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Wall Street saw job cuts and hiring freezes in 2022, and is expecting conditions to worsen in 2023. Banker bonuses are expected to fall as much as 45% as M&A and IPO activity slows on Wall Street. A survey of 1,096 bankers saw 72% of respondents say they will consider resigning if their bonus is cut.

Bankers are facing cuts to their bonuses this year amid slowing dealmaking activity and worsening...

Continue Reading Bankers are expecting a terrible bonus season. A survey says 72% will consider quitting if theirs gets cut.