Since the beginning of 2012, the industry in New York City has lost 1,200 jobs, DiNapoli said. Wall Street firms cut 28,100 employees during the financial crisis and have added back only 7,900 since November 2007, he said.
Economic Concern
In 2011, the average salary reached $362,950, 0.5 percent higher than in 2010, DiNapoli said. That's higher than before the financial crisis, he said.
The central worry for Wall Street workers is the U.S. economy, with 59 percent saying that it has the biggest potential negative influence on financial-services compensation, according to the eFinancialCareers.com survey. Ten percent said Europe's debt crisis is the biggest concern and 12 percent chose the Dodd-Frank Act, which revamped financial regulation, according to the survey.
In fiscal 2008, Wall Street accounted for more than 20 percent of New York state's tax revenue and 12 percent of New York City's. By fiscal 2011, those percentages had dropped to 14 percent and 7 percent, respectively, DiNapoli said.