Underpaid and lacking security

Oliver Twist

Welcome to the banking industry.

For many traders, Wall Street has become Bawl Street.

The New York Post reports that most traders and bankers — who take home an average salary of about $404,000 a year — feel they’re paid unfairly and lack job security, according to a soon-to-be-completed survey.

The sour attitude comes after a tough year on Wall Street that saw bank profits take a hit and many banks tighten their belts through layoffs.

“The climate is not robust for hiring,” said Michael Karp, chief executive of Options Group, which is taking the survey of Wall Street workers through May.

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

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