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League table of first quarter pay

30 April 2009

Sarah Butcher

Suffice to say, Goldman is very on top. Morgan Stanley is very on bottom.

1. Goldman Sachs:

Average total comp per head: $169k

Headcount: 27,898

Total compensation expenditure Q109: $4.7bn.

2. Deutsche Bank (Corporate and Investment Bank)

Average total comp per head: $135k (€103k).

Headcount: 14,445

Total compensation expenditure Q109: €1.5bn

3. Credit Suisse (Investment Bank)

Average total comp per head: $135k (CHF155)

Headcount: 18,800

Total compensation expenditure Q109: CHF2.9bn

4. Greenhill

Average total comp per head: $129k

Headcount: 221 (based on the addition of 7 people since figures last disclosed)

Total compensation expenditure Q109: $28m

5. JPMorgan (Investment Bank)

Average total comp per head: $127k

Headcount: 26,142

Total compensation expenditure Q109: $3.3bn

6. Morgan Stanley

Average total comp per head: $47k

Headcount: 44,241

Total compensation expenditure Q109: $2.0bn

Comments (17)

Didn't realise Morgan Stanley had so many people. Maybe that is why they can't afford to pay them.

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Comments (17)

  • Didn't realise Morgan Stanley had so many people. Maybe that is why they can't afford to pay them.

    Amused 30 Apr 2009

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  • check total comp figure for Goldman. it cant be $102 mln

    Wanna join JPM IBD 30 Apr 2009

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  • Thanks. Amended that.

    Sarah, Editor, eFinancialCareers 30 Apr 2009

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  • What  is "Average total comp per head"?

    Do you mean that everyone is paid that amount?

    For example, I know for a fact that back-office folks (IT, OPs, Risk) compensation is not that level for most.

    What do calculations or metrics do you imploy to come up the figures for "Average total comp per head"?

    Simple man 30 Apr 2009

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  • Average total comp per head is mean compensation (total expenditure on compensation/total employees). It does not mean that everyone is paid that.

    Sarah, Editor, eFinancialCareers 30 Apr 2009

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  • Simple man - the saying goes there are no stupid questions, only stupid answers. You proved everyone wrong!

    Oscar 30 Apr 2009

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  • "Do you mean that everyone is paid that amount?

    For example, I know for a fact that back-office folks (IT, OPs, Risk) compensation is not that level for most. "


    LOL!
    The above's more like my monthly wage than quarterly..

    Henry 30 Apr 2009

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  • Since these are Q1 figures, does it mean that the annual should be about 4 times?

    Anon 30 Apr 2009

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  • Sarah,

    What a very generic piece of journalism! Do you only have data on 6 financial institutions?
    I would have thought that you would go into a little more depth on the numbers. At least perhaps have the same currency for your figures? Presumably these figures also incorporate bonus'? - Sorry, but very woolly!!!

    Frustrated reader 30 Apr 2009

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  • Frustrated reader - these are the only 6 that break out figures for investment banking (altho Morgan Stanley and ML also include wealth management). It's total compensation - salary and bonus. And the average figure are all given in the same currency - dollars.

    This isn't supposed to be a piece of indepth analysis, just an interesting snapshot of one metric from Q1 results.

    Sarah, Editor, eFinancialCareers 30 Apr 2009

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