Compensation Watch '14: Wall Street Not Yet Working Pro Bono

And in fact got a nice li'l bump in pay last year.
Author:
Updated:
Original:

Not yet working on a barter system of exchange either.

The average salary, including bonuses, in the securities industry grew 14 percent last year to $404,800 — the third highest year on record after adjusting for inflation, according to a report from New York Comptroller Thomas DiNapoli. Wall Street has been shrinking since the financial crisis in 2008, and is still 9 percent smaller than it was in 2007, but those who still have jobs are reaping the dividends. “If you can get the work, it’s certainly very good,” DiNapoli said during a call with reporters Tuesday...While Wall Street is digging its way out of the regulatory rubble, the banks will continue to hire more lawyers and compliance personnel “in order to avoid future litigation,” DiNapoli said. “Compliance positions are going to continue to be a growth area within the industry,” he added.

It still pays big to work on Wall Street [Bloomberg]

Related

Compensation Watch '15: Wall Street Didn't Sign Up For This Sh*t

This sh*t being pay that in no way resembles the Scrooge McDuck dive into a pile of money.

Compensation Watch: It Sucked Slightly Less To Be Brian Moynihan Last Year

No cash bonus to speak of, but the li'l fella did get a bump year on year.

Bonus Watch '15: Wall Street Basically Living Paycheck To Paycheck Now

In an unimaginable nightmare from which no one can wake, bonuses grew a mere 2% last year.

Compensation Watch '15: New MBAs Have A Pretty Sweet Deal Worked Out For Themselves

Does more pay for less work sound like something you'd be interested in?