Monday, April 29, 2013

JPMorgan Beats Goldman as Biggest Payer

JPMorgan Chase was the top payer among investment banks last year, awarding its senior employees a fifth more than Goldman Sachs Group Inc., according to a Bloomberg report that also highlights a growing divide between firms based in the U.S. and Europe.

Managing directors in JPMorgan’s mergers advisory and underwriting teams earned an average of 1.1 million pounds ($1.7 million) in total compensation for 2012, according to Emolument, a London-based salary data provider. Morgan Stanley  was the second-highest payer, with an average award of 903,000 pounds, followed by Goldman Sachs (GS) at 873,000 pounds.

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