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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