ALBANY, N.Y. — Wall Street cash bonuses for 2012 are expected to rise 8 percent to $20 billion, partly driven by deferred payments from previous years, New York’s state comptroller reported Tuesday.
The analysis shows the securities industry is still restructuring since the 2008 financial crisis, with almost 20,000 — or 10 percent — fewer jobs in New York City, Comptroller Thomas DiNapoli said. The 169,700 jobs in December were down 1,000 from a year before.
The average securities industry salary, including bonuses, rose slightly to almost $362,900 in 2011, higher than before the crisis and more than five times higher than the $68,000 average in the rest of the city’s private sector. The 2012 wage data was not available Tuesday.