Investment bankers ride on record IPOs in FY22 to mint bumper pay

Bonuses in FY22 ranged from 100 to 200% of annual pay

The last financial year was an unprecedented one for investment bankers (I-bankers). Bonuses for bankers increased by up to 200 per cent in a year that saw the highest fundraise by way of initial public offerings (IPOs) and record fees for equity offerings.

Citi, ICICI Securities, Kotak Mahindra Bank, Axis Capital, and JP Morgan were the top five investment banks by way of equity capital market issuances for FY22, according to data from Bloomberg.

“It’s been one of the best years for investment banking, with large-sized deals and all-time high revenues. It’s not surprising that bonuses have been the best across the