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Wall Street is a weird place. There are people pulling down multimillion-dollar bonuses on top of million-dollar salaries. Those lucky few are people like Goldman, Sachs vice presidents. (Forty percent of all GS employees are vice presidents.) There are also floor brokers, specialists and cold callers, and those folks make between half a cent per share and three cents per share commission...regardless of the stock price.

The reason Wall Street compensation is so high is because of those really high earners. A large number of people on Wall Street make barely enough to live on, but average the $35,000 and $45,000 people with the $25 million people...

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