NEW YORK (CNNMoney) -- Finance professionals' pay is set to drop this year to the lowest levels since 2008, the peak of the global economic crisis, according to a report released Tuesday.
Taking the biggest hit will be staffers in fixed income, currencies and commodities, whose compensation is forecasted to decline 33%. Those in equities face a 29% drop ,while those working in investment banking will see a 14% decline. Wealth management and electronic trading workers will see slight pay increases.
Year-end bonuses, which constitute a large portion of take-home pay for many finance professionals, will decline between 20% and 30% on Wall Street this year, according to compensation consulting firm Johnson Associates.