Yes, banks paid bonuses this year.
I normally write our bonus predictions in May and then report on the actual numbers in August.
But I completely forgot about the actual numbers this year until someone asked me about it.
Probably not a good sign for bonuses.
In fairness, bonuses this year were not a disaster – they fell by far less than overall deal activity, for example.
And they came in at the upper end of my predicted ranges.
Since the base salary increases at many banks took effect midway through the year, all-in compensation was generally flat to slightly down.
So bonuses are not yet great again, but they also haven’t fallen off a cliff.
The Cold, Hard Numbers