Top firm analyst comp - What’s the pay gap ?
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).
This article was published in HITC, 24th June