Big Banks Don’t Pay Like They Used To


New data reveals that, compared to last year at this time, average compensation is down at Goldman Sachs (26 percent), JPMorgan Chase (8 percent), and Deutsche Bank (3.6 percent). At Bank of America — yes, that Bank of America — average pay is up. The average salary there is a quarter of the average Goldman employee, which gives hope that their good news is because bank tellers and branch managers got a raise. [Bloomberg]