Wall Street Bonus Pool Reaches Record High
of $47.5 Billion in 2024
The average bonus paid to employees in New York City’s securities industry for 2024 reached $244,700, up 31.5% from last year, according to Comptroller DiNapoli’s annual estimate. The bonus pool for the city’s securities employees reached a record $47.5 billion, its first major increase since the COVID-19 pandemic highs. Wall Street’s profits rose 90% in 2024.
“The record-high bonus pool reflects Wall Street’s very strong performance in 2024,” DiNapoli said. “This financial market strength is good news for New York’s economy and our fiscal position, which relies on the tax revenue it generates. However, increasing uncertainty in the economy amid significant federal policy changes may dampen the outlook for parts of the securities industry in 2025.”
Celebrating Women’s History Month: Moving Forward Together! Women Educating & Inspiring Generations
An Interview with Kerry Kennedy
Comptroller DiNapoli sat down with a trailblazing woman, Kerry Kennedy, to celebrate Women’s History Month. Kennedy is a lawyer, author and human rights activist, the daughter of Robert and Ethel Kennedy and a longtime advocate for equality and justice. Throughout her life, Kerry has worked on a range of issues including women’s rights, child labor, indigenous land rights, ethnic violence, criminal justice reform, environmental justice and LGBTQ+ rights. Together, they talked about her career and reflected on the progress women have made and the challenges that remain.
The conversation serves as a reminder that while progress has been made, the fight for equal pay and gender equality is far from over.
“As we celebrate the remarkable contributions of women throughout history, we must also recognize the ongoing inequalities they face," DiNapoli said.
Read more below in Comptroller DiNapoli’s recently released Women and Persistent Pay Gaps in New York report.
Women in New York Still Earn Far Less Than Men
Women in New York earned 87 cents on the dollar compared to men in 2023, according to a report on the gender pay gap released by Comptroller DiNapoli. Women would have to work an extra 53 days to make what men in New York earned in 2023
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Office of the NYS Comptroller Thomas P. DiNapoli
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