Experience Stern | Faculty & Research

Excerpt from Reuters -- "The average investment banker could still be awarded $278,000 in annual pay for 2015, according to New Financial. But a 2009 research paper by academics Thomas Philippon and Ariell Reshef implies this could change in time. Pay for U.S. bankers was still declining relative to other industries almost 50 years after the Wall Street crash of 1929, the pair found. Given the scale of the disconnect between banker pay and everyone else’s, the industry’s standing might improve if history were to rhyme."

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