Wall Street’s surviving fat cats are getting even fatter.
The New York Post reports that the average salary, including bonuses, in the securities industry grew 14% last year to $404,800 — the third-highest year on record after adjusting for inflation, according to a report from New York Comptroller Thomas DiNapoli.
Wall Street has been shrinking since the financial crisis in 2008, and is still 9% smaller than it was in 2007, but those who still have jobs are reaping the dividends.
'If you can get the work, it’s certainly very good', DiNapoli said during a call with reporters Tuesday.
Average salaries on Wall Street were nearly six times higher in 2014 than in the rest of the city’s private sector at $72,300. Nearly a quarter of the employees earned more than $250,000 in 2013, compared with less than 3% in the rest of the city’s work force.
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