League table of first half compensation

28 July 2009

1 minute read

Needless to say, Goldman Sachs has accrued the most compensation per head in the first half of this year (although this may merely be an accounting convenience).

As things currently stand, Goldman is followed not particularly closely by Deutsche Bank. Morgan Stanley lags a long way behind everyone, but this may be more attributable to the fact that brokers are included in its count, than that it pays its investment bankers badly. Bank of America Merrill Lynch has not been included in the ranking as it doesn't split out pay for its investment bankers.

1) Goldman Sachs

Accrued compensation per head, 1H2009: $386k (vs. $244k 1H08)

2) Deutsche Bank (corporate and investment bank):

Accrued compensation per head, 1H2009: $298k (€209k) (vs. €174k 1H08)

3) Credit Suisse (investment bank)

Accrued compensation per head, 1H2009: $281k (CHF301k) (vs. CHF200k 1H08)

4) JP Morgan (investment bank)

Accrued compensation per head, 1H2009: $232k (vs. $118k 1H08)

5) Morgan Stanley

Accrued compensation per head, 1H2009: $95k (vs. $150k 1H08)

AUTHORSarah Butcher

Global Editor

lo
londonxdb
30 July 2009
how depressing it is to see my ex-employer being second when I am collecting the dole.
Reply
My
Myron Fischer
29 July 2009
Can someone scan the cocopops box with said formula on please? I need it so that I too can be one of those people that understands stats.
Many thanks
Reply
dh
d hasselhoff
29 July 2009
GS pays like cr@p if you are less than MD - the numbers mean nothing, over the years i know of many examples of GS not being able to compete on pay (me included)
i'd rather work for a much lower tiered bank for sure
Reply
St
Statto
29 July 2009
The only data they've got is total h1 comp and number of employees. How are you supposed to calc a median without the shape of the distribution big boy? Or are you one of those people that thinks they know stats because they read how the black-scholes model works on the back of a box of cocopops?
Reply
br
brett weir
28 July 2009
You and nine of your friends are at a party. Uncle Myron gives you $9,999,991, and each of your friends $1. So, the average compensation in the pool is a million per head. Seem accurate?
The mean is a pretty useless number when talking comp. We all know that 50% of the pool goes to about 1% of the employees. Can we please stop making it look like people in the mail room at Goldman make $360,000.!!!!!!!! This is statistics 101.
Reply