Week of 12/9/2024: Director Bonus Watch: Canadian Bonus Pools Released

This week, the buzz on Wall Street is all about Canada, bigger bonus projections, and a potential income boom in 2025. Here's what you need to know:

💵All 6 Canadian banks report an average of a 12% increase

🔝Search firm Options Group predicts US debt capital markets professionals will get a 23% increase

✅Johnson Associates Inc. forecasts an even bigger 25% to 35% rise for bond underwriters

Stay tuned for how these shifts may impact your compensation—and your next career move.💼

Banker Bonus Pools Increase 12% at Canada's Six Largest Lenders

• Bonus pay at Royal Bank and CIBC increased by 16.2% and 19.1%, respectively
• Bank of Montreal and Bank of Nova Scotia boosted by 5.1% and 4.2%, respectively
• TD was up 10.2% despite $3.1 billion settlement with US regulators

Wall Street Bond Sellers Look Toward Bigger Bonus Rewards

• Search firm Options Group predicts US debt capital markets professionals will get a 23% increase  
• Johnson Associates Inc. forecasts an even bigger 25% to 35% rise for bond underwriters
• Volumes don't directly align with compensation, but the two tend to have a "decent correlation"

🗣️Let's talk: mike@mikemittleman.com