Total compensation and benefits at publicly traded Wall Street banks and securities firms was high in 2010, at a record $135 billion, according to the Wall Street Journal.
"Things are shifting back to where they were before," said J. Robert Brown, a law professor at the University of Denver who studies compensation and corporate-governance issues.
The Wall Street Journal attributes part of the 5.7 % rise in compensation and benefits to a higher revenue, which at an all-time high of $417 billion.
In 2010, many firms increased base salaries to improve employee performance, and decrease turnover, the Journal reports.
Wall Street Journal