Here's How Much Wall Street Salaries Rose Last Year

Photo: Flickr / joeduty

It’s not all blood and gore on Wall Street — at least, not if you look away from big banks.Most people on the Street got a raise in 2011, especially if they worked at a boutique bank or at an alternative asset management firm, according to an eFinancial Careers survey covered by Bloomberg (via Crain’s NY).

From Bloomberg (via Crain’s NY):

The online survey of 2,860 financial professionals found that 54% received salary increases—excluding bonus—and 40% reported no change from 2010, according to a description of the survey’s findings. Workers at so-called bulge-bracket banks got an average increase of 3%, compared with a 14% gain for people at boutique banks and a 13% raise for those at fund managers.

At big banks, like Goldman and JP Morgan, base salaries increased, but not enough to make up for lower bonuses — so overall, those employees were down for the year. Sorry guys.

Here’s more from the survey:

The survey, conducted Jan. 2 through Feb. 16, found that 12% of respondents were “very satisfied” and 35% were “somewhat satisfied” with their 2011 salaries. Some 37% reported being “very dissatisfied” or “somewhat dissatisfied,” down from 38% a year earlier.

While 35% of respondents said they plan to change firms this year, 55% said that a higher salary would persuade them to stay, according to eFinancialCareers, a unit of New York-based Dice Holdings Inc.

So yeah, what else is new?

 

 

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