How Lucrative Are Wall Street Jobs?
Posted By Barry Ritholtz On March 5, 2013 @ 12:30 pm In Markets,Wages & Income | 14 Comments
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[1]
Source: MillerSamuel [2]
The short answer is 7X the rest of the USA (assuming you have not yet been laid off from that job yet).
That astonishing data point came to us via Jonathan Miller. He used the state bonus compensation data for 1985-2011 [3].
As of 2011, the securities industry salaries + bonuses were 7x larger than private industry salaries Wall Street remains an important part of the local economy — and this is part of the reason why . . .
Source:
Wall Streeters Paid 7X The Private Sector [2]
Jonathan Miller
Miller Samuel February 27, 2013
http://www.millersamuel.com/blog/wall-streeters-paid-7x-the-private-sector/28511
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2013/03/how-lucrative-are-wall-street-jobs/
URLs in this post:
[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/03/MS2-27-13bonus.jpg
[2] MillerSamuel: http://www.millersamuel.com/blog/wall-streeters-paid-7x-the-private-sector/28511
[3] bonus compensation data for 1985-2011: https://www.osc.state.ny.us/press/releases/feb13/022613.htm
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