Trader Pay Beats Surgeons’, Shows Gap Weathering Crisis
Bloomberg
Jan. 13, 2011. 11:02 AM EST
Jan. 13 (Bloomberg) -- Bloomberg's Scarlet Fu reports on Wall Street trader pay. After the 2008 f... More »
Jan. 13 (Bloomberg) -- Bloomberg's Scarlet Fu reports on Wall Street trader pay. After the 2008 financial crisis, Wall Street started paying a larger portion of bonuses in stock and restricted cash. Yet there’s little sign the pay gap with Main Street is narrowing. An oil trader with 10 years in the business is likely to earn at least $1 million this year, while a neurosurgeon with similar time on the job makes less than $600,000, recruiters estimated. (Source: Bloomberg) « Less
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