Working on Wall St very good - for those who still have jobs

Wall Street Bull

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.

To access the complete New York Post article hit the link below:

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