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Wall Street Pay Reaches Highest in Decade at Average of $422,500

Average pay, including bonuses, rose 13% to $422,500 last year
Industry’s pretax profits in first half of 2018 are up 11%

Bloomberg business news — Wall Street Pay Recovers to Highest Level in a Decade

By

Claire Ballentine

September 17, 2018, 2:07 PM UTC

The average Wall Street salary rose 13 percent last year to its highest level since 2008, when Lehman Brothers Holdings Inc. collapsed.

Annual pay, including bonuses, in New York City’s securities industry rose to $422,500 on average in 2017, New York State Comptroller Thomas P. DiNapoli said in a report Monday. Salaries gained as pretax profits rose 42 percent to $24.5 billion last year. In the first half of 2018, the earnings totaled $13.7 billion, up 11 percent from a year earlier, he said.