Analysts vs. CEOs : What's the pay gap?
We have analysed salaries and bonuses from 1,211 Front office Analysts Year 1-3 (junior bankers) working in Europe and the USA.
CEO / Analyst income (salary + bonuses)
Average analyst income
Analyst / CEO pay difference
*Deutsche bank had in 2 CEOs in 2014. This is the pay figure for each of them.
Analysts should aim for a bank where the CEO has the highest income : the 3 banks with the best paid CEOs (Goldman Sachs, Morgan Stanley, JP Morgan) are the ones paying their analyst the most (up to $111,000 a year for Bank of America Merrill Lynch).
...But high starting packages also equal highest Analyst/CEO gaps! Looking at absolute figures rather than Analyst/CEO pay ratios tells 2 different stories: while top banks pay their analyst the most in absolute terms, that is also where the pay gap is by far the highest (up to 1/218 for Goldman Sachs).
And banks with low analyst pay are actually the fairest ones: While offering below average salaries and bonuses to its analysts ($81,000 a year), Santander is by far the fairest bank, as its CEO pay ($5.4m) is also proportionally low compared to other CEOs.
The Deutsche Bank exception: Deutsche Bank is the bank where the pay gap is the lowest, as it has a below average CEO remuneration ($7m) and the highest analyst compensation ($114,000). It is however linked to the fact that they had 2 CEOs until recently (hence the total compensation allowed to executive income is actually twice of the one displayed).
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