Investing
Wall Street’s Average Bonus Jumped 20% to $257,500 Last Year
- N.Y. state comptroller says another record unlikely this year
- ‘We like Wall Street being successful,’ DiNapoli says
This article is for subscribers only.
The average Wall Street bonus increased 20% last year as a flurry of initial public offerings and higher underwriting fees boosted profitability across the industry.
The typical bonus paid to employees in New York’s securities industry climbed to an all-time high of $257,500, according to an analysis by New York State Comptroller Thomas DiNapoli. Recent market turbulence driven by Russia’s invasion of Ukraine is likely to prevent such payouts from reaching another record this year, he said.