Comp Expectations

Anyone?

I think comp will be really bad next year as 2023 is looking like a total dud

Might be totally off base here but seeing very early signs of things starting to open up. Think the combination of dry powder, lenders starting to test the waters and more realistic valuation expectations could create some decent activity in mid to late 23.

still means this year is going to be bad though at this point. 

I am also guessing that banks are going to hit the lower comp to try and get some turnover at the lower levels too.  I really would expect a lights out year.  

Thanks for the responses 

To clarify, I am not talking about what this year might be. I mean going forward, on average and not a good or bad year

We had a meaningful increase in base salaries across the board and then bonuses started moving down. Are you expecting to get bonuses 100%+ of base in the future? Or has the industry moved towards a much bigger base weighting in total comp? I have heard some say their target comp is close to pre-COVID but with a higher weighting of base. Do you agree?

What is your current base? I have heard wide disparity across EBs today when generally they were converging going into COVID outside of the ones who wanted to comp leaders

Even with "poor" bonuses in 2022 - total comp was up versus 2017 - 2019 levels. I'd expect something like this moving forward - adding what it used to be before the COVID boom in comp as well.

AN1: 110 + 50 // 85 + 55

AN2: 125 + 75 // 90 + 70-80

AN3: 150 + 80-100 // 95 + 90-120

AS1: 175 + 100 // 150 + 100

AS2: 200 + 150 // 175 + 150

AS3: 225 + 175-225 // 200 + 200

VP: 100 - 150% of base