Wall Street is in for a sweet payday this year, but AI could mean leaner teams ahead
1. Wall Street bonuses projected to increase across various sectors. 2. Traders expected to see bonuses rise 15% to 25% this year. 3. AI adoption may lead to 10%-20% job cuts in finance within 3-5 years. 4. Investment banking advisory shows rebound, with bonuses expected to rise. 5. Wealth management remains resilient, with bonuses increasing 8% to 10%.