The average Wall Street bonus in 2018 was…$153,700

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Wall Street paid out $27.5 billion in bonuses in 2018, according to DiNapoli’s office. The average Wall Street employee in New York City was rewarded with a bonus of $153,700 last year, the report said.

However, bonuses were down by 17% from 2017’s average of $184,400. That marks the steepest decline since 2011, when the average Wall Street bonus fell by 20% to $111,400.But don’t feel too badly for Wall Street. The industry’s average bonus (emphasis on average) was still double the average salary of the rest of New York City’s workforce, DiNapoli said.

The New York State Comptroller’s annual estimate of bonuses only includes payouts to employees who work in New York City. Bonuses paid to employees located elsewhere are not included.Wall Street continues to increase its payroll after sharp job cuts following the crisis. The industry’s headcount rose by 4,700 last year to 181,300, the highest level since 2008.

Despite the decline in bonus payments, the Institute for Policy Studies, a progressive think tank, criticized Wall Street’s post-crisis pay practices.”If you look at the overall trend, it’s clear that Wall Street is still maintaining their reckless bonus culture,” Sarah Anderson, the group’s director, said in a statement. “Meanwhile, the hardest hit by that crisis, the low-wage workers who are disproportionately women and people of color, have waited a decade for a raise in the minimum wage.”

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