Economics, Info-Graphs

2015 Wall Street Bonuses – Biggest Decline Since 2011

2015 Wall Street Bonuses

A report from the Office of New York State Comptroller Thomas DiNapoli indicated that the average bonus for a Wall Street banker declined by 9 percent in 2015. The decline is the largest fall since 2011, however, the average bonus remains at a lofty $146,200.

Specifically, The average bonus paid in New York City’s security industry declined by 9 percent to $146,200 in 2015 as industry-wide profits declined by 10.5 percent, according to an estimate released today by New York State Comptroller Thomas P. DiNapoli.

“Wall Street bonuses and profits fell in 2015, reflecting a challenging year in the financial markets,” DiNapoli said.  “While the cost of legal settlements appears to be easing, ongoing weaknesses in the global economy and market volatility may dampen profits in 2016. Both the state and city budgets depend heavily on the securities industry and lower profits could mean fewer industry jobs and less tax revenue.”

The securities industry reported that pre-tax profits for the broker/dealer operations of New York Stock Exchange (NYSE) member firms—the traditional measure of industry profitability—declined by nearly $1.7 billion to $14.3 billion in 2015. After a strong first half and a solid third quarter, the industry reported a small loss of $177 million in the fourth quarter, the first quarterly loss since 2011.

Even though expenses were lower in 2015, profits declined because revenues were weak, particularly from trading and underwriting. Profits declined for the third consecutive year, reaching the lowest reported level since 2011.

See the full 2015 Wall Street bonuses report here

2015 Wall Street Bonuses – See the following visualizations to highlight average Wall Street bonuses over time, as well as financial figures for the largest banks on Wall Street.

Average Wall Street Bonus Over Time

 

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Historical Assets of Largest Banks

 

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Big Banks Q4 Revenue 2014 vs. 2015

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Top 10 Most Profitable Sectors

 

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2015 Wall Street Bonuses
2015 Wall Street Bonuses

 

2015 Wall Street Bonuses