Despite a potential uptick in hiring, candidates and employees across the industry may have to adjust their salary expectations to meet a significantly different compensation structure compared to recent years' model.

A study recently issued by Russell Reynolds reported shifts in compensation across the financial services industry, which could create a little sticker shock for some. For example, sales executives' bonuses will drop as little as 25% (for high-level managers at strong niche firms) to as much as 75% (for wholesalers).

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