+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

This is how much you can hope to earn on Wall Street based on your degree

Jun 6, 2016, 19:21 IST

Facebook/UC Berkeley

Wall Street professionals come from a variety of college degrees and majors, but there is one degree that's more lucrative than any other.

Advertisement

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.

Advertisement

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:

Next Article