No one likes going into the offices of his boss to have tough conversations about salary increases, but someone must do it! Here are some tips for success. Buzz60
ALBANY, NY – Wall Street wages rose last year to their highest level since the 2008 financial crisis, according to a report released Monday by New York State Comptroller Thomas DiNapoli. .
The report sets the average salary for the New York City securities industry in 2017 at $ 422,500, an increase of 13% over the previous year, the highest since 2008.
"Wall Street has benefited every year since the end of the recession in 2009, and offsets reached last year's highest level since the financial crisis," said DiNapoli, a Democrat. "The industry is on track for another good year in the absence of a major setback later in the year."
Overall, Wall Street recorded pre-tax profits of $ 24.5 billion in 2017, up 42% from 2016. Earnings for the first half of 2018 amounted to 13%. , $ 7 billion, up 11% over the same period last year.
Securities sector jobs have the highest average salary of all occupations in the city. They represent 21% of all private sector salaries in the city, but represent less than 5% of all private sector jobs.
The DiNapoli report revealed that there are now about 120 companies operating brokers on the New York Stock Exchange. There were more than 200 before the financial crisis.
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Nearly 200,000 people work in the securities industry in New York, more than any other state. DiNapoli's report revealed that the sector continues to be dominated by men, with men accounting for more than two-thirds of the total jobs in the securities sector in the city. Nearly two-thirds of the companies are white.
Finally, the report revealed that the industry and its workers paid $ 14 billion in taxes to states, nearly 20 percent of all tax revenues last year.
"Whatever you think of Wall Street, positive or negative, when we have good news on earnings, it's certainly positive," DiNapoli said.
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Getting a pay raise is only a temporary welfare situation. Sean Dowling of Buzz60 has more. Buzz60
