+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

The Average Wall Streeter Still Makes A Staggering Amount More Than The Average New Yorker

Feb 26, 2013, 23:08 IST

Today, New York's Office of the Comptroller put out its annual Wall Street compensation report for 2012.

Advertisement

It's an important report because it gives the state and city and understanding of what kind of tax revenue they can expect from some of the city's highest earners.

Think of it this way: In 2011, the securities industry accounted for 23 percent of all private sector wages paid in New York City.

That's a huge chunk, and that makes sense, as Wall Streeters are paid an average salary of $362,900 including bonuses. That's higher than any other industry in the state.

How much higher?

Advertisement

"The disparity between the average salary in the securities industry and the rest of New York City’s private sector narrowed slightly in 2011, but it remained wide, at 5.3 times more than the rest of the private sector ($67,900)," said the report.

Bottom line: Wall Street jobs are hard to get, but they're good work if you can get them.

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article