Los Donald Trump tariffs They are still the issue of concern on Wall Street. Is that Bag bonuses They could be the Next victim. Being able to go down compared to six months ago, according to David Hollerith en Yahoo Finance.
The majority of Wall Street workers are expected to experience a decrease in their remuneration, but it is estimated that OPV bankers They will be the ones who most experience a drop in their bonuses (up to 20% compared to last year), according to the compensation consultant Johnson Associates.
This compares to an increase of up to a 25% In the bonuses for these same OPV specialists as Johnson Associates initially predicted at the end of last year.
«With luck, in three or six months we will look back and say that we are wrongly wrong and that things have improved a lot,» he said Alan Johnson, director general de Johnson AssociatesYahoo Finance in an interview.
«That is what we always expect, but I would not bet on it,» Johnson added.
Negotiations of all kinds, especially those of OPV, stopped last month when President Trump announced broad ads of «reciprocal» tariffs for the rest of the world, while the stock market faced a volatile fall.
According to Johnson, this is also expected that this «congestion» The private capital sector, which seeks to generate profitability for investors.
Although the markets have recovered from that fall, many companies continue postponing new public offers Until more clarity on the complete set of tariffs by the Administration, which is still negotiating new commercial agreements with numerous countries.
The actions of traditional financial companies throughout the sector have fallen since the beginning of the year, with private assets managers, such as Apollo, Blackstone y KKR, experiencing the greatest falls, followed by regional banks.
Not only is the OPV responsible bankers expected to experience a reduction in their remuneration. It is expected that those who work in Coverage funds, private capital companies and asset management, as well as mergers and acquisitions, commercial and retail, and even corporate personnelexperience a salary decrease of up to a 10%.
One of the few groups that are expected to get higher income It is the Wall Street sector that normally benefits from volatility: The operators.
Bag operators and their teams, who sell trading strategies, probably see their bonuses to increase to a 25%. According to Johnson, it is also expected that Debt subscribers And those who work in the niche of the alternatives, known as secondary instruments, benefit from turbulence.
The report is a change with respect to what Wall Street anticipated six months ago.
In last NovemberJohnson Associates hoped Bonuses in 2025 werebetter in almost all areasand was emerging as the second best year of the previous five in terms of net salary for those who work in the US financial sector.
«However, the evaluation of how things will develop during the rest of the year is far from definitive, since it is strongly affected by the result of the commercial war and geopolitical uncertainties,» according to the report.
The Trump administration announced Thursday that it achieved a Commercial Agreement with the United Kingdomwhich marks his first agreement from the president’s announcement in April on «reciprocal» tariffs.
The previous day, the Federal reserve He said that interest rates would be stable to «Wait to see how things evolve», Given the uncertainties around trade, despite the concern of the Fed for increasing inflation and unemployment in the coming months.
“After a 2021 recordbonuses in the financial services sector fell dramatically 2022being the subscribers who experienced the greatest falls, ”according to Johnson Associates. Last year, payments decreased even more or remained stable.
However, the performance improved thanks to the recovery of the investment bank and the rebound of the commissions obtained by the negotiation of shares.
«Together, incentive changes throughout 2025 would represent the greatest reduction of remuneration that has affected Wall Street since 2022,» according to the evaluation of Johnson Associates. And this is expected to affect employment.
«Our base scenario would be that there will be much less hiring and layoffs,» Johnson added.