NEW YORK — Wall Street’s sky-high annual bonuses are likely to fall a bit closer to earth this year.
Everyone from CEOs to entry-level analysts is preparing to see compensation cut as the end-of-year bonus season draws near.

Final decisions are weeks away, but several reports issued recently are predicting that average 2011 compensation at global investment banks will fall 15 percent to 30 percent from 2010.

Banks have already reported they cut compensation in the first three quarters of the year. Goldman Sachs Group, Wall Street’s most-watched name, set aside $10 billion from January through September – that’s down 24 percent from the same period in 2010.