Wall Street bonuses jumped by more than 20 per cent in 2021, with the average payout hitting a record high of $257,500, according to a report from the New York State Comptroller.
The New York City securities industry bonus pool grew 21 per cent to $45bn in 2021. The bonus pool grew 25 per cent in 2020, when the average payout was $213,700.
“Wall Street’s soaring profits continued to beat expectations in 2021 and drove record bonuses,” said New York State Comptroller Thomas DiNapoli. But “sluggish” and “uneven” markets so far in 2022 would probably drive near-term profitability and bonuses lower this year, he added.
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