"Thus, in New York, the median employee in the stock market sector who earns $440,000, according to the State Auditor’s Office" As someone who works in this sec

"Thus, in New York, the median employee in the stock market sector who earns $440,000, according to the State Auditor’s Office" As someone who works in this sector, this does not look True. An investment Banking VP with 10+ years experience at a bulge bracket probably brings in this much in income however this is not the median worker. There is a huge workforce of admins, Ops, legal, IT that work in the sector and bring it down. Also there is a large amount of burnout/turnover/layoffs in these jobs so that in any given year someone is not getting their full bonus.