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Wages and Bonuses in Investment Banking

dc.contributor.authorBureau of Labor Statistics
dc.date.accessioned2020-11-25T15:39:44Z
dc.date.available2020-11-25T15:39:44Z
dc.date.issued2007-08-01
dc.description.abstract[Excerpt] For people working in investment banking, especially those in and around Wall Street, it’s hard to deny that late 2005 and early 2006 was very, very good to them. With steady employment totals, very handsome bonuses being handed out in fourth quarter 2005, and even larger ones awarded in first quarter 2006, it would seem to be an understatement to say that investment banking was thriving. In first quarter 2006, private sector investment banking and securities dealing recorded average weekly wages of $8,367, well above that of any industry with the exception of the other Wall Street bonus giant, securities brokerage. The investment banking industry’s quarterly total wages ranged from $6 billion to $18.9 billion in late 2005 and early 2006 and the industry’s average weekly wage was nearly 10 times the national average.
dc.description.legacydownloadsAugust_2007_2.pdf: 28 downloads, before Oct. 1, 2020.
dc.identifier.other4072143
dc.identifier.urihttps://hdl.handle.net/1813/78763
dc.language.isoen_US
dc.subjectwages
dc.subjectbonus
dc.subjectWall Street
dc.subjectinvestment banking
dc.subjectfinance
dc.subjectfinancial industry
dc.titleWages and Bonuses in Investment Banking
dc.typegovernment record
local.authorAffiliationBureau of Labor Statistics: True

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