The average Wall Street salary has risen to $422,500

While most Americans see stagnant wages, Wall Street workers are receiving a nice pay raise.
In a report released Monday, New York State Comptroller Thomas P. DiNapoli detailed that the average Wall Street salary increased 13 percent in 2017, to $422,500. This is the highest pay increase the New York City securities industry has seen since the 2008 financial crisis. The pay increase for the average worker, meanwhile, hovers around zero.
Almost 200,000 people in New York hold securities jobs. They have the highest average pay of any occupation in New York City, CNBC reports.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
"Wall Street has profited every year since the end of the recession in 2009, and compensation last year reached its highest point since the financial crisis," said DiNapoli. "The industry is on track for another good year absent a major setback later in the year."
Wall Street recorded $24.5 billion in pre-tax profits in 2017. Projections look good again this year, with Wall Street already earning $13.7 billion in the first half of 2018 — an 11 percent increase from the same period last year, per Bloomberg. Read more from the report here.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Amari Pollard is the social media editor at The Week and has written for Reader's Digest, Parents, and Inside Lacrosse. She studied journalism at Le Moyne College and can usually be found exploring Brooklyn, thrift shopping, or spending way too much money on brunch.
-
Amazon's 'James Bond' deal could mean a new future for 007
In the Spotlight The franchise was previously owned by the Broccoli family
By Justin Klawans, The Week US Published
-
Why are Republicans suddenly panicking about DOGE?
TODAY'S BIG QUESTION As Trump and Musk take a chainsaw to the federal government, a growing number of Republicans worry that the massive cuts are hitting a little too close to home
By Rafi Schwartz, The Week US Published
-
What is JD Vance's Net Worth?
In Depth The vice president is rich, but not nearly as wealthy as his boss and many of his boss' appointees
By David Faris Published
-
Trump's China tariffs start after Canada, Mexico pauses
Speed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
By Peter Weber, The Week US Published
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
By Peter Weber, The Week US Published
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US Published
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
Enron mystery: 'sick joke' or serious revival?
Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
By Peter Weber, The Week US Published