There are no fancy introductions here. Getting right down to it, the average salary for Wall Street is $289,664, while the average for all of New York City is “only” $56,634.
The Reuters report includes more money figures, but the only piece I find particularly interesting is the average bonus per person: $125,000. My bonus last year was a partly 2% of that amount.
There are a few at the top of the scale whose salaries and bonuses skew the average (mean) higher than the median.
On the topic of salaries, I had a successful interview prescreen (over the phone) for a position in New York (but not Wall Street), similar to what I’m doing now, albeit with fewer responsibilities. The expected salary mentioned by the HR representative is a good $10,000 more than what I’m earning now.
Updated October 15, 2016 and originally published October 17, 2006.