How does Wall Street vote?
In our latest study we asked US professionals how they are planning to vote in the upcoming presidential elections. Based on 117 respondents, Finance professionals staunchly support Trump in comparison to national polls.
Results - Polls vs. Emolument users
|Clinton||Undecided / Other candidates||Trump|
|Median Salary (Emolument users)||$110,000||$110,000||$120,000|
Emolument users support Clinton. Emolument users are more in favour of Clinton than the national average (+10%). Emolument users are most likely to live in metropolitan areas such as NYC and Chicago, which have always had a strong Democrat tradition.
Finance loves Trump. More finance professionals say they will vote for Trump than the national average (+8%). As high earners , they are probably largely enticed by the lower corporate and individual tax rates touted by the Republican candidate.
Trump voters are richer Trump voters earn more than Clinton voters (+$10,000). Most of Trump's supporters in our sample are senior financial services professionals, while Clinton has more supporters among junior employees (see results by experience).
Results by experience
|Less than 10 years||68%||14%||18%|
|More than 10 years||50%||14%||36%|
The generation gap. Experienced professionals support Trump twice as much as younger ones (36% vs. 18%). This reflects a broader trend, as Republican supporters are traditionally older than Democrats'.
Results by degree major
|Accounting, Business & Finance||55%||10%||35%|
Business vs. Engineering Almost three times as many business graduates as engineers say they'll vote for Trump (35% vs 13%). This plays into the traditional 'cliché': business professionals might be inspired by Trump's apparent business success and find him a convincing role model, while engineers are more likely to focus on pragmatic 'core' issues and more likely to be immune to soundbites and election tactics.
Results by gender
Female voters don't like Trump. Only 4% of women (college-educated) in our sample are planning to vote for Trump.
Coming up trumps! While the core of Trump's supporters are high-school educated white men, high-earning and highly-educated financial services professionals are likely to be swayed by concerns of tax hikes for the rich should Clinton win the election and overlook the more populist and distasteful elements of the Trump campaign when casting their ballot.
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