“This year we hope we got the balance right,” he said.

The bank employed 32,400 people as of Dec. 31, 900 fewer than the end of 2011. It allocated $12.9 billion for compensation, up from $12.2 billion in 2011. That averages $399,506 per employee. While that’s up from $367,057 in 2011, it’s 40 percent less than the $661,490 average for 2007.

That’s a reflection of how much the market has changed, Vogelzang said.

“It’s a very interesting case study in the supply-demand equation for high wage-earning, white-collar workers,” he said. “We’ve certainly seen it in manufacturing, we’ve seen it in lower-level services, but we’re now seeing it at places like Goldman and Morgan Stanley.”

First « 1 2 3 » Next