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Bonus Chart 2010

The document summarizes Wall Street bonus pools and average bonuses in New York City from 1985 to 2010. Over this period, bonuses grew substantially until peaking in 2007 before the financial crisis, then declined sharply in 2008 before recovering partially in 2009 and 2010. The bonus pool reached a high of $34.3 billion in 2006 but fell 47% to $17.6 billion in 2008 in the wake of the crisis. Estimated average bonuses similarly peaked at $191,360 in 2006 but dropped 43% to $100,850 in 2008. Bonuses have since rebounded somewhat but remain below pre-crisis levels.

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310 views

Bonus Chart 2010

The document summarizes Wall Street bonus pools and average bonuses in New York City from 1985 to 2010. Over this period, bonuses grew substantially until peaking in 2007 before the financial crisis, then declined sharply in 2008 before recovering partially in 2009 and 2010. The bonus pool reached a high of $34.3 billion in 2006 but fell 47% to $17.6 billion in 2008 in the wake of the crisis. Estimated average bonuses similarly peaked at $191,360 in 2006 but dropped 43% to $100,850 in 2008. Bonuses have since rebounded somewhat but remain below pre-crisis levels.

Uploaded by

jspector
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PDF, TXT or read online on Scribd
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New York City Securities Industry

Bonus Pool

Wall St Avg. Wall St


Bonuses Change Bonuses Change
($bil) (percent) ($000) (percent)

1985 1.9 45% 13.970 36%


1986 2.2 16% 14.120 1%
1987 2.6 19% 15.610 11%
1988 2.0 -21% 13.290 -15%
1989 1.9 -6% 13.260 0%
1990 2.1 10% 15.540 17%
1991 4.1 96% 31.100 100%
1992 4.9 18% 36.200 16%
1993 5.8 18% 39.660 10%
1994 4.9 -16% 32.190 -19%
1995 6.2 27% 41.410 29%
1996 9.8 59% 63.870 54%
1997 11.2 14% 67.800 6%
1998 9.1 -19% 53.040 -22%
1999 13.5 49% 75.020 41%
2000 19.5 44% 100.530 34%
2001 13.0 -33% 74.140 -26%
2002 9.8 -25% 60.900 -18%
2003 15.8 61% 99.930 64%
2004 18.6 18% 113.450 14%
2005 25.6 38% 149.800 32%
2006 34.3 34% 191.360 28%
2007 33.0 -4% 177.830 -7%
2008 17.6 -47% 100.850 -43%
2009 22.5 27% 140.730 40%
2010 20.8 -8% 128.530 -9%

Notes:
1. The bonus pool is for securities industry (NAICS 523) employees who work in New York City
2. The 2009 and 2010 bonus pools are estimates and subject to revision

Data Sources:
1. Historical bonuses are OSC estimates drawn from the NYS Dept of Labor's Quarterly
Census of Employment and Wages (QCEW) series.
2. The 2010 estimate was derived by OSC from personal income tax withholding collections
and reflects cash payments and deferred compensation for which taxes have been prepaid.
The estimate does not include stock options that have not yet been realized or other forms
of deferred compensation

Prepared by the Office of the State Comptroller, February 23, 2011

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