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As financial giants such as Goldman Sachs and JPMorgan Chase are working to solve the serious shortage of bankers, although the demand for transactions continues to surge, it is expected that Wall Street bonuses will hit a record high this year.

According to the latest data from compensation consulting firm Johnson Associates, Wall Street financiers can now expect a double-digit increase in year-end bonuses after receiving a substantial salary increase this year-an increase that has not been seen since before the Great Recession.

The company said that with the continuous emergence of historical waves of mergers, IPOs, spin-offs, and other large strategic transactions, investment bankers’ bonuses will see the largest increase. From 2020, their bonuses will increase by 30% to 35. %.

The data shows that as the stock market soars to unprecedented heights, stock sales, trading and investment banking advisors will also receive healthy bonuses-an increase of 20% to 25% over last year. Johnson Associates said that asset management professionals, including those who manage hedge funds and private equity funds, will see more modest growth—about 15%.

As the economy recovers, banks such as Goldman Sachs and JPMorgan Chase have announced record earnings and expenditures have continued to expand. Alan Johnson, the company's managing director, said that at the same time, as the pandemic continues to subvert professional expectations, Wall Street bankers are facing more and more punitive work weeks and a wider range of choices.

"If you don't get the right salary for your employees, you can't hire," Alan Johnson, managing director of the Johnson Society, told The Washington Post. "This is the hottest labor market since the financial crisis, and this situation will continue until next year."

But the recruiter told the Washington Post that this may not be enough to prevent financiers from paying attention to the exit.

John Breault, the CEO of the recruitment company Breault & Smith, told the Washington Post: “It is not uncommon for analysts and related personnel to start shopping on their own after receiving bonuses each year.” “But this year. The situation is very different because they have such a big influence in the market. People not only want money, but also a better quality of life."

Some traditional companies, such as Goldman Sachs, may quietly take action to adapt to lifestyle considerations. Recruiters told The Post that Goldman Sachs and JPMorgan Chase will set expectations that people need to enter the office. But they are willing to work with employees they really want to retain or hire.

Johnson added: "Everyone has exceptions when working from home."

Johnson said that the shortage of talents also heralds unprecedented generous bonuses, which will bring cash to bankers. He said that for senior bankers, double-digit bonus growth could be worth hundreds of thousands or even millions of dollars.

In March, a leaked slide presentation was written by 13 junior Goldman Sachs analysts detailing a complaint about 100 hours of work per week. Some people complain that the 20-hour shift leaves them almost no time to eat, sleep or bathe, claiming that this torture damages their physical and mental health.

The complaint led Goldman Sachs and JPMorgan Chase to vowed to hire more employees, and the latter promised to increase their workforce by 200 people. According to reports, private equity firm Apollo Global Management has offered some employees up to $200,000 in retention.

Elsewhere, Citibank CEO Jane Fraser told employees that she will ban Zoom meetings on Friday to address Zoom fatigue. Investment bank Jefferies even offered primo Peloton bicycles to its junior employees as a "thank you" for working long hours.