BUSINESS
08/01/2009 05:12 am ET Updated May 25, 2011

Wall Street Pay Approaches 2007's Record Highs

Financial markets are recovering and the jostling for talent is intensifying as securities firms once again are making money -- and they look set to spread the wealth with their employees should the good times continue.

Based on earnings forecasts for 2009, Goldman Sachs Group Inc. is on track to pay out $20 billion this year, or about $700,000 per employee. That would be nearly double the firm's $363,000 average last year, and slightly higher than the $661,000 for the average Goldman employee in fiscal 2007, according to analyst estimates reviewed by The Wall Street Journal.

Read more on The Wall Street Journal