Wall Street Bonuses Dip Slightly Despite Industry Growth

• The average Wall Street bonus last year was $176,500, down slightly from $180,000 in 2022 • The dip came despite a 1.8% increase in Wall Street profits last year • The securities industry employed 198,500 people in NYC in 2023, up from 191,600 in 2022 • The 2023 bonus pool was $33.8 billion, largely unchanged from 2022 • Wall Street accounts for an estimated 27% of NY state tax revenue and 7% of NYC tax revenue