How does Wall Street vote?

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In its latest study, Emolument.com asked US professionals how they are planning to vote in the upcoming presidential elections. Based on 117 respondents, Finance professionals staunchly support Trump in comparison to national polls.

 

Results – Polls vs. Emolument users

http://www.langerresearch.com/wp-content/uploads/1184a12016ElectionTrackingNo1.pdf

  • Emolument users support Clinton. Emolument users are more in favour of Clinton than the national average (+10%). Emolument users are most likely to live in metropolitan areas such as NYC and Chicago, which have always had a strong Democrat tradition.1
  • Finance loves Trump. More finance professionals say they will vote for Trump than the national average (+8%). As high earners , they are probably largely enticed by the lower corporate and individual tax rates touted by the Republican candidate.2
  • Trump voters are richer : Trump voters earn more than Clinton voters (+$10,000). Most of Trump’s supporters in our sample are senior financial services professionals, while Clinton has more supporters among junior employees (see results by experience).

Results by experience

Professional Experience Clinton Undecided Trump
Less than 10 years 68% 14% 18%
More than 10 years 50% 14% 36%
  • The generation gap. Experienced professionals support Trump twice as much as younger ones (36% vs. 18%). This reflects a broader trend, as Republican supporters are traditionally older than Democrats’.3

Results by degree major

Degree Major Clinton Undecided Trump
Accounting, Business & Finance 55% 10% 35%
Engineering 80% 7% 13%
  • Business vs. Engineering : Almost three times as many business graduates as engineers say they’ll vote for Trump (35% vs 13%). This plays into the traditional ‘cliché’: business professionals might be inspired by Trump’s apparent business success and find him a convincing role model, while engineers are more likely to focus on pragmatic ‘core’ issues and more likely to be immune to soundbites and election tactics.

Results by gender

Gender Clinton Undecided Trump
Female 75% 21% 4%
Male 54% 11% 34%
  • Female voters don’t like Trump. Only 4% of women (college-educated) in our sample are planning to vote for Trump.

Alice Leguay, Co-Founder & COO at Emolument.com said: ‘While the core of Trump’s supporters are high-school educated white men, high-earning and highly-educated financial services professionals are likely to be swayed by concerns of tax hikes for the rich should Clinton win the election and overlook the more populist and distasteful elements of the Trump campaign when casting their ballot.’

1- http://www.theatlantic.com/politics/archive/2012/11/red-state-blue-city-how-the-urban-rural-divide-is-splitting-america/265686/
2- https://www.donaldjtrump.com/policies/tax-plan
3- http://www.gallup.com/poll/172439/party-identification-varies-widely-across-age-spectrum.aspx

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