Memphis Daily News Chandler Reports Nashville Ledger
» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 43 | NO. 43 | Friday, October 25, 2019

Average Wall Street salary dropped to $399K last year

Print | Front Page | Email this story

ALBANY, N.Y. (AP) — New York state's comptroller says salaries on Wall Street dropped by 5.6% last year.

Comptroller Thomas DiNapoli reports Friday that the average 2018 salary, including bonuses, for securities industry employees in New York City was $398,600. That's down from $422,500 in 2017, which was the highest level since the 2008 financial crisis.

The salary drop tracks with a decline in bonuses, which can account for more than a third of Wall Street wages.

Pretax profits in the securities industry reached $15.1 billion in the first six months of 2019. That's an 11% increase over the same period last year and the best start in a decade.

But DiNapoli said a slowdown in the global economy and other factors pose threats to Wall Street profits in the second half of 2019.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0