By Allison Morrow, CNN BusinessLast year was a busy, chaotic one on Wall Street. But that’s part of the bargain on Wall Street: Work until you nearly collapse and wait for your lavish bonus check to hit your bank account. See here: The average Wall Street bonus for 2021 hit a record high of $257,500, up 20% from the year before, according to estimates by New York State Comptroller. Bonus pay on Wall Street is getting significantly reined in this year as deal volume dries up, fueling concerns that banks will lay off staff the end of the year. “But it’s still a ton of money.”It’s no surprise that Wall Street bonuses should wax and wane with the fate of the markets.

Source: CNN August 04, 2022 19:14 UTC