The average Wall Street bonus grew to an average of $125,500 in 2005, a new record and an increase of 10 percent from 2004, according to a forecast by New York State Comptroller Alan G. Hevesi.
For a Limited Time receive a
FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with
customized information for your industry, location, and job.
Get Your Report Now!Hevesi said the Wall Street bonuses grew by an estimated 15.5 percent in 2005 to reach a record level of $21.5 billion, up from $18.6 billion in 2004 and the previous record of $19.5 billion in 2000.
"The industry paid record bonuses based on exceptional revenue growth and solid profits," Hevesi said.
Average bonuses in 2005 are more than $25,000 higher than bonuses paid in 2000 at the peak of the last Wall Street boom.