Wall Street Bonuses Decline Slightly to $176,500 Average in 2023

The average Wall Street bonus saw a 2% drop from 2022, amidst a cautious compensation approach and increased employment in the securities industry.

The average bonus for Wall Street employees in 2023 was $176,500, marking a 2% decrease from the previous year's $180,000.
New York State Comptroller Thomas DiNapoli attributed the decline to a more cautious approach to compensation and a rise in the number of employees in the securities industry.
Despite the slight decrease, Wall Street bonuses remain significantly higher than the median US household income, highlighting the sector's substantial economic influence.
The securities industry in New York City employed 198,500 people in 2023, contributing to both state and city tax revenues.
Wall Street's economic activity is crucial for New York, with DiNapoli emphasizing the importance of a full economic recovery across all sectors.