Who Says Wall Street Isn't Hurting?

Pay among big banks is expected to drop 27 percent this year to its lowest level since 2008

December 1, 2011 RSS Feed Print

Despite the cutbacks, Wall Street firms are still paying some of the highest salaries in the country. According to the New York comptroller report, the average salary in the securities industry in 2010 grew by 16.1 percent to $361,330, 5.5 times higher than the average salary in the private sector of $66,120.

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