Mar
07
Wall Street Bankers’ Average Bonus Falls by Most Since 2011
By
Pedestrians walk past the New York Stock Exchange.
Photographer: John Taggart/Bloomberg
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Payout Drops 9% to $146,200 as NYSE members’ profits decline
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Industry added 4,500 jobs compared with 2,400 in 2014
Wall Street’s average bonus fell 9 percent to $146,200 in 2015, the biggest drop since 2011, according to estimates by New York State Comptroller Thomas DiNapoli.
The bonus pool was $25 billion, down 6 percent from a year earlier, even as the industry added 4,500 jobs in New York City, DiNapoli said Monday in a statement. The payouts shrank as profits from the broker-dealer operations of New York Stock Exchange member firms declined $1.7 billion to $14.3 billion…
Wall Street Bankers’ Average Bonus Falls by Most Since 2011
