Wall Street bonuses climb to record $257,500 per worker last year, New York’s fiscal chief says
https://www.cnbc.com/2022/03/23/wall-street-bonuses-climb-to-record-257500-per-worker-last-year-new-yorks-fiscal-chief-says.html
That’s because Wall Street workers make almost five times the $92,315 average salary in the private sector excluding finance, according to the report. Securities workers saw overall compensation climb 7.7% to $438,370 for 2020, the latest data the comptroller had.
There were 180,000 workers in New York’s securities industry in 2021, roughly unchanged from the previous year but 10% below its peak twenty years ago. New York remains the country’s financial capital, although its share of finance jobs has fallen as firms create new offices in Florida, Texas and other low-tax states.