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By Ethan Wolff-Mann
April 11, 2016
Mario Tama—Getty Images

Some bankers aren’t all that happy lately. Goldman Sachs cut its executive pay by 4% to 5% as the firm buckles down amid middling results and an uncertain outlook. Tougher regulation of executive compensation on Wall Street is in the works as well.

But in the grand scheme, bankers have nothing whatsoever to complain about.

Looking at the past 25 years of Bureau of Labor Statistics data for salaries and bonuses, Bloomberg found that wages for Wall Street bankers increased 117% from 1990 to 2014. Pay for the rest of the private sector, meanwhile, rose just 21%.

This massive gap manifested itself as $264,357 average pay for bankers in 2014, about five times higher than the average for all other industries ($51,029). Understandably, the wage gap has been a main area of discussion in the election from all parties, from most candidates.

Calculate: What is my current net worth?

In some regions the gap is even more pronounced. Looking at New York City, Bloomberg found the average Wall Street salary and bonus to be six times higher than the private sector: $404,800 compared to the $72,300. The divide as of 2014 was wider even than it was when the Occupy protests brought the issue into mainstream in 2011.

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The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

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