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Securities Industry

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Wall Street bonuses climb to about $247k as profits surge
business4 hours ago

Wall Street bonuses climb to about $247k as profits surge

New York State Comptroller data show the average Wall Street bonus last year was $246,900, up 6% from 2024, with securities profits up more than 30% to $65.1 billion and the bonus pool reaching a record $49.2 billion (excluding stock options and other deferred pay); inflation-adjusted totals peak in 2006, and last year’s bonuses remain below the 2020–21 boom. The findings underscore a solid year for finance that supports state budgets, while officials warn of risks from slower job growth and geopolitical tensions.

finance2 years ago

Wall Street Sees 2% Decline in Average Bonus to $176,500

The average Wall Street bonus in 2023 was $176,500, down 2% from the previous year, despite a 1.8% increase in industry profits. This decline is attributed to a more cautious approach to compensation as the industry added more employees. The bonus pool for 2023 was $33.8 billion, similar to the previous year, and Wall Street remains a significant source of tax revenue for New York state and city.