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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