Wall Street bonuses drop 2% in 2023, banks grow ‘more cautious’

Wall Street bonuses drop 2% in 2023, banks grow ‘more cautious’

The average Wall Street bonus fell slightly last year to $176,500 as the industry added employees and took a “more cautious approach” to compensation, New York state’s comptroller reported Tuesday. The average bonus for employees in New York City’s securities industry was down 2% from $180,000 in 2022. The slight dip came even as Wall … Read more