Wall Street Bonuses Hit Highest Level Since 2008

The good times are back on Wall Street. Last year, the average Wall Street salary rose 13% to its highest level since 2008, just before the financial crisis shattered the financial world.

According to a report from New York State Comptroller Thomas P. DiNapoli, annual pay excluding bonuses hit $422,500 on average last year.

Data from Bloomberg show that salaries on Wall Street hit the high as pre-tax profits in the banking industry jumped 42% to $24.5 billion last year. And it looks as if 2018 could be an even better year for Wall Street’s financiers. In the first half of 2018, Street earnings totaled $13.7 billion, up 11% year-on-year.

Wall Street is...