Earning on Wall Street

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

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

Executive MBA and MBA holders earn the most money of all finance professionals, according toEmolument, 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.

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:

The highest-paid analysts have MBA degrees.

Andy Kiersz/Business Insider

At the associate level, the highest earners have MBAs as well.

Andy Kiersz/Business Insider

Master of science grads take home the highest salaries at the vice-president level.

Andy Kiersz/Business Insider

Masters of science holders also earn the highest salaries at the director level.

Andy Kiersz/Business Insider

A more detailed look at Wall Street pay across all levels shows that MBAs and executive MBAs earn the most, followed by PhDs and masters of finance.

Andy Kiersz/Business Insider

The overall Wall Street sample is big enough to include additional degrees, while the breakouts by title have too few data points to include anything other than the five most common degrees.

http://www.businessinsider.com/highest-paid-degrees-on-wall-street-2015-11