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by freebee87 1381 days ago
"Thus, in New York, the median employee in the stock market sector who earns $440,000, according to the State Auditor’s Office" As someone who works in this sector, this does not look True. An investment Banking VP with 10+ years experience at a bulge bracket probably brings in this much in income however this is not the median worker. There is a huge workforce of admins, Ops, legal, IT that work in the sector and bring it down. Also there is a large amount of burnout/turnover/layoffs in these jobs so that in any given year someone is not getting their full bonus.
1 comments

Yeah I've seen that number before, its average, not median. https://www.osc.state.ny.us/files/reports/osdc/2020/pdf/repo...
Yeah, That makes sense. All those PE partners raising up the average.