These are the highest-paid degrees on Wall Street
A street sign for Wall Street hangs in front of the New York Stock Exchange. Image: REUTERS/Lucas Jackson
Wall Street professionals come from a variety of college degrees and majors, but there is one degree that's more lucrative than any other.
Executive MBA and MBA holders earn the most money of all finance professionals, according to Emolument, a salary-benchmarking website that collects self-reported pay data.
Emolument gathered data on 840 finance professionals in New York at the analyst, associate, vice president, and director levels and looked at which degrees earned them the most money.
Respondents come from a number of firms, including Citigroup, JPMorgan, Deutsche Bank, Barclays, and Bank of America Merrill Lynch, as well as smaller banks, asset managers, and hedge funds. They are all front-office professionals, and two-thirds work at banks while one-third work the buy side.
Of course, it shouldn't come as a surprise that executive MBA and MBA holders earn the most money.
They come in on top largely because Wall Streeters typically take those programs later in their careers. So the majority of people with MBAs are going to be vice presidents and directors, and therefore higher earners.
Still, the data helps shed some light on how much Wall Streeters earn at various stages of their careers based on their college degrees.
Here's a look at the results:
Read more:
Don't miss any update on this topic
Create a free account and access your personalized content collection with our latest publications and analyses.
License and Republishing
World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.
The views expressed in this article are those of the author alone and not the World Economic Forum.
Stay up to date:
Financial and Monetary Systems
Related topics:
The Agenda Weekly
A weekly update of the most important issues driving the global agenda
You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.
More on Financial and Monetary SystemsSee all
Max Floetotto
November 6, 2024