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By Alicia Adamczyk
November 7, 2016
New York Stock Exchange, Wall street, Manhattan, New York, USA
New York Stock Exchange, Wall street, Manhattan, New York, USA
Matteo Colombo—Matteo Colombo

Pour one out for Wall Street: Bonuses are set to slide for the third year in a row, according to a report from compensation consulting firm Johnson Associates.

Bonuses are expected to fall by between 5 and 10%, backing up a report from October that found hedge funders will see a dip in pay this year. Investment bankers will experience the biggest pay decrease, while retail and consumer bankers will likely see an increase in bonus pay.

Read Next: CEOs Make 335 Times What Workers Earn

The New York Times blames “busted mergers, limited trading activity and muted hedge fund returns” for the declines. Alan Johnson, the founder of Johnson Associates, says the pay trend will likely continue into 2017.

Don’t feel too bad. Even with less bonus money to pad their bank accounts, Wall Streeters will be fine. As Money reported earlier this year, “wages for Wall Street bankers increased 117% from 1990 to 2014. Pay for the rest of the private sector, meanwhile, rose just 21%.”

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The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

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