Bloomberg: White House Offers Over $1.2 Million Annual Salary to Recruit Wall Street Talent

According to Bloomberg News, the Trump administration aims to recruit around 400 transaction and deal-making professionals to strengthen U.S. supply chains critical to national security, offering salaries of up to $400,000 (approximately NT$12.6 million).

Based on a new recruitment initiative, the White House is offering compensation comparable to the U.S. president’s salary to attract top-tier financial talent, while also allowing candidates to retain their stock options from private-sector jobs.

Multiple unnamed government officials revealed that the program is designed to bring in professionals who can assist the federal government in formulating financial agreements to develop supply chains and domestic industries vital to national security.

One official described the initiative as a solution to a major bottleneck: a severe shortage of skilled personnel within the government. Hundreds of projects are currently awaiting evaluation or approval, and high-skilled professionals are expected to help the U.S. deploy taxpayer funds more swiftly and prudently toward reindustrialization efforts.

The U.S. federal civil service pay cap is $197,200, and senior executive officials earn up to $228,000. However, the starting salary for this new recruitment program is $253,100—on par with cabinet secretaries—with the maximum reaching $400,000, equivalent to the U.S. president’s salary. This compensation level signals the government’s intent to compete with the private sector for elite talent.