League table of first quarter pay

30 April 2009

1 minute read

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

AUTHORSarah Butcher

Global Editor

Sa
Sawyer
11 May 2009
Are you sure this comparison is like for like? MS high headcount would appear to include the retail brokerage arm. Not sure how much of this was included in the Discover spin-off and whether you have pro formaed figures. It was always the case that the majority of employees at MS was at the labour intensive retail brokerage, but this only generated a minority of profits and bonus accruals. The investment bank should have a much higher comp per capita.
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bg
bgoodfellow
1 May 2009
I do hope simple man is not in banking. that would go someway to explaining things...
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Ke
Keith Chegwin
1 May 2009
Mr. Frank - its not total rev/ headcount.. its staff expenditure/ headcount.. very different.
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Mr
Mr. Frank White
30 April 2009
Simple man... ha ha ha... Always wanted to ask that question myself ... but as I am not simple,I figured out the answer by assuming that EFC is doing a straight division of Total Rev by headcount... Genius!!!!
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Sa
Sarah, Editor, eFinancialCaree
30 April 2009
Bonus=LIFE - they accrue money for annual bonus payments every quarter.
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