New York City Securities Industry

Bonus Pool
Wall St
Bonuses
($bil)
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012

1.9
2.2
2.6
2.0
1.9
2.1
4.1
4.9
5.8
4.9
6.2
9.8
11.2
9.1
13.5
19.5
13.0
9.8
15.8
18.6
25.6
34.3
33.0
17.6
22.5
22.8
18.5
20.0

Change
(percent)
45%
16%
19%
-21%
-6%
10%
96%
18%
18%
-16%
27%
59%
14%
-19%
49%
44%
-33%
-25%
61%
18%
38%
34%
-4%
-47%
28%
2%
-19%
8%

Avg. Wall St
Bonuses
($000)
13.970
14.120
15.610
13.290
13.260
15.540
31.100
36.200
39.660
32.190
41.410
63.870
67.800
53.040
75.020
100.530
74.140
60.900
99.930
113.450
149.800
191.360
177.830
100.850
140.620
138.970
111.340
121.890

Change
(percent)
36%
1%
11%
-15%
0%
17%
100%
16%
10%
-19%
29%
54%
6%
-22%
41%
34%
-26%
-18%
64%
14%
32%
28%
-7%
-43%
39%
-1%
-20%
9%

Notes:
1.

The bonus pool is for securities industry (NAICS 523) employees who work in New York City

2.

The 2011 and 2012 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

2.

The 2012 estimate was derived by OSC from personal income tax withholding collections

Census of Employment and Wages (QCEW) series.
and reflects cash payments and deferred compensation for which taxes have been paid.
The estimate does not include stock options or other forms of deferred compensation
that have not yet been realized.

Prepared by the Office of the State Comptroller, February 26, 2013

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