Compensation on Wall Street

Wall Street pic

Wall Street
Image: nytimes.com

A veteran of executive recruiting, Craig Stocksleger leads Comprehensive Recruiting in Tempe, Arizona. Craig Stocksleger particularly focuses on sourcing and placing trading professionals on Wall Street.

In 2015, the New York Times reported that Wall Street continues to pay a higher salary than other industries. In fact, major investment banks increased spring base salary from $70,000 to $85,000 for recent college graduates. This is in direct correlation to the industry rebounding from the 2008 financial crisis, with reported profits similar to those of the early 2000s.

In terms of compensation, full-time employees in securities earn, on average, more than twice the salary of that of American workers in the 70 years preceding 1999. Reports indicate that by 2013 a securities salary was 3.6 times more than other professions.

In November 2015, a Johnson Associates analysis projected Wall Street year-end bonuses to fall between 5 and 10 percent of bankers’ salaries, which equates to more than the average income of 90 percent of households, according to the US Census Bureau.

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Financial Times Finds Growing Job Opportunities in Financial Sector

A successful executive recruiter with experience filling Wall Street positions and specializing in fixed-income markets, Craig Stocksleger founded Tempe, Arizona’s Comprehensive Recruiting in 2006. Craig Stocksleger and his team of skilled recruiters place experienced professionals in a wide range of roles in the financial markets sector.

According to a recent article in the Financial Times, increased regulation in the financial industry has led to the creation of numerous related jobs in recent years. The article states that the need for professionals who focus on regulation implementation and adherence has created more jobs in banking, auditing, and insurance. Along with regulation-related jobs, there is a growing need for risk-management experts with the ability to recognize and prevent risks for businesses.

Gregory Hutchings from Washington University’s Olin School of Business notes that there has been a significant increase in the number of job opportunities with buy-side companies, including private equity firms, hedge funds, and asset management companies.

After a slow in investment banking hiring following the financial crisis, experts assert that rising mergers and acquisitions activity is also stimulating additional job opportunities in investment banking. Furthermore, job security has increased for professionals in risk management, wealth management, and compliance and IT.