Based on average total compensation, Deutsche Bank paid the most among the big banks analyzed, with an average of $365,519 in combined salary and bonus for 2023.
Understanding Compensation at Top Investment Banks
Compensation in the financial industry, particularly at major investment banks, is typically comprised of two main components: a base salary and an annual bonus. While base salaries provide a steady income, bonuses can significantly impact total earnings, often fluctuating based on individual performance, team results, and overall bank profitability.
To determine which big bank offers the highest total compensation, it's essential to consider both these elements. Below is a breakdown of average compensation figures from 2023 for salaries and 2022 for bonuses, illustrating the full earning potential at these leading financial institutions.
Average Total Compensation by Bank
The following table details the average salary, average bonus, and the calculated total average compensation for key players in the banking sector:
| Bank | Average Salary (2023) | Average Bonus (2022) | Total Average Compensation |
|---|---|---|---|
| JPMorgan | $195,565 | $102,966 | $298,531 |
| Goldman Sachs | $199,590 | $165,789 | $365,379 |
| Deutsche Bank | $210,256 | $155,263 | $365,519 |
| BNP Paribas | $137,143 | $113,971 | $251,114 |
Note: Total Average Compensation is calculated by summing the average salary for 2023 and the average bonus for 2022.
As illustrated above, Deutsche Bank's higher average salary contributes to its leading position in overall compensation. It's important to note that these figures represent averages across various roles and seniority levels within each bank. For more detailed insights into pay scales across different roles and financial institutions, you can refer to resources like eFinancialCareers.
