Bonus Watch ’11: Which Bank Pays Employees The Most On Wall Street?
German group Deutsche Bank paid its investment bankers over $500,000 each on average last year, topping Goldman Sachs as the highest payer on Wall Street. Pay and benefits for all Deutsche’s 15,943 staff in its corporate and investment bank arm was 5.9 billion euros ($8.2 billion) last year, or an average of 373,000 euros, according to 2010 results announced on Thursday. Average pay was up from 357,000 euros in 2009, after investment bank revenues rose 11 percent to 20.9 billion euros…Even stripping out severance payments, pay for Deutsche’s investment bankers averaged 355,000 euros last year.
Wanker Banker, eh? Well, you're half right.
Great post. I'm sure there are about 6 members on this site that haven't already seen this elsewhere.
Any idea what the actual numbers translate to for the analyst/associate level?
no do some research
DB is last in leagues, like 15th.
15 in Leagues + #1 in Bonuses= 2 years away from UBS's cashflow situation haha
Deutsche is fucking huge in germany, UBS is not. And take into consideration DWS.
Deutsche has different criteria meaning that its list includes less lower folks than at other banks. They actually pay like their shitty name suggests.
Uh, what is 'shitty' about the name out of interest? For your information it's fewer 'lower folks', not less.
Lower meaning lower in rank not lower in number, douche.
If that's in reference to me, then a) I know b) you missed the point if you're writing that. I was correcting the grammar
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