Credit Traders Poised to See Biggest Wall Street Raises in 2020
- Options Group predicts 16% increase in pay for credit traders
- Yet that may not meet high expectations with revenue up more
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Credit traders may be the luckiest lot on Wall Street as banks set bonuses after a banner year for trading.
Desk jockeys who make their living matching buyers with sellers of company bonds are poised for a 16% jump in total compensation, on average, the biggest gain among Wall Street trading desks, according to a compensation report from recruiting firm Options Group. Managing directors in credit trading will typically pull in over $1 million in 2020, said the firm’s chief executive officer, Michael Karp.