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Wall Street bookies have the opportunity to be among the wealthiest in the nation, if not the world.
Wall Street is considered the financial capital of the world and those who work there tend to have what may at times seem like unlimited disposable income.
Just as bookies working this area hope to grab a piece of this action, so too do the few dozen Price Per Head Services that wish to manage this lucrative business.
While people do live in the Wall Street area, the target market for bookies focuses on those who work there during business hours Monday through Friday. The streets of Downtown New York often appear desolate after hours.
This 0.7-mile-long (1.1 km) street running eight blocks, roughly northwest to southeast, includes a workforce of 140,000 that are members of the Wall Street Oasis (WSO), an online community of financial professionals.
Check out the following Wall Street salaries and see why it is lucrative business being a bookie on Wall Street.
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Average total base pay (+bonus)
Summer interns/associate: $71,300 (+$9,400)
First year analyst: $85,300 (+$28,700)
Third year analyst: $111,400 (+$51,600)
First year associate: $120,000 (+$39,900)
Third year associate: $149,000 ($60,700)
Vice President: $255,700 (+$116,800)
Managing Director: $273,400 (+$135,600)
Hedge Funds:
Average total base pay (+bonus)
Summer interns: $58,000 (+$3,100)
First year analyst: $67,000 (+$21,000)
Senior analyst: $82,100 (+$21,100)
First year associate: $71,500 (+$33,000)
Senior associate: $99,200 ($36,200)
Vice President: $140,000 (+$100,700)
Principal: $145,600 (+$157,500)
Private Equity/Venture Capitalists:
Average total base pay (+bonus)
Summer interns: $37,800 (+$800)*
First year analyst: $68,200 (+$48,100)
First year associate: $86,500 (+$67,000)
Senior associate: $116,700 ($80,200)
Vice President: $150,400 (+$121,300)
Principal: $225,000 (+$135,000)
- Aaron Goldstein, Gambling911.com
