Wall Street firms are expected to fork out a record $144 billion to employees this year, according to a recent analysis by The Wall Street Journal. The distribution of that booty will depend largely on hot sectors, one-time events and whether a company has a retail bank with legions of low-level workers who don't see stratospheric paychecks. But, generally speaking, here's where finance foot-soldiers can expect the biggest bucks this year:
Firm: Compensation-per-employee
1. Blackstone Group: $3,461,321
2. Och-Ziff Capital Management: $1,035,901
3. Fortress Investment Group: $796,655
4. Gamco Investment Group: $583,481
5. Lazard Ltd.: $504,388
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And here's where workers won't see sports-car salaries:
Firm: Compensation-per-employee
31. Ameritrade Holding Corp.: $117,552
32. Bank of America: $114,741
33. E*Trade Financial: $105,793
34. Waddell & Reed Financial: $92,752
35. Citigroup: $88,581
Source: The Wall Street Journal
Write to Kyle Stock
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