2021 Wall Street bonuses projected to surge, particularly in investment banking and debt issuance, according to Johnson Associates survey.

Wall Street bonuses are expected to surge this year as investment banking, equity markets, and fixed income trading recover, according to a survey by financial services compensation firm Johnson Associates. Investment bankers helping companies issue debt are projected to see the highest bonus increases, from 15% to 25%, as record volumes of debt are sold. As initial public offerings return, bonuses for equity underwriters are anticipated to rise 10% to 20%.