Finance
Average Wall Street Bonus Plunges 26% to $176,700
- Securities-industry employment rises to a two-decade high
- Industrywide bonus pool sinks to $33.7 billion, down 21%
This article is for subscribers only.
The average Wall Street bonus plummeted 26% last year as a slump in dealmaking and banks’ efforts to contain costs weighed on compensation.
The industrywide bonus pool sank to $33.7 billion last year, down 21% from 2021, according to an analysis by New York State Comptroller Thomas DiNapoli. That meant the typical bonus paid to employees in New York’s securities industry fell to $176,700, the lowest since 2019 and the biggest percentage decline since the financial crisis.