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Salaries and bonuses for top performers at Goldman Sachs, JPMorgan, Citigroup, BofA and Morgan Stanley in London

Published: 06/22/2022

While 2020 was a year of rising junior salaries in banking, less attention was paid to seniors. Or, in the regulatory lingo, “material risk takers”. Material risk takers are employees who manage large teams or who are responsible for significant risk functions that can have a material impact on the bank. They are typically, but not necessarily, managing directors (MDs). Every year, banks operating in London must report on the compensation those material risk takers receive and break down the cash and stock bonus components of their pay.

Compensation for material risk takers in London

Table with 4 columns and 5 rows. Currently displaying rows 1 to 5.
FirmAverage SalaryAverage BonusAverage Total Compensation
Goldman Sachs UK (IBD, MBD, Global Markets and GIR)$700k$750k$1.45m
J.P. Morgan UK Corporate and Investment Bank (CIB)$756k$848k$1.60m
Bank of America UK Global Banking and Markets$613k$430k$1.04m
Citigroup UK Investment Banking Division$663k$821k$1.48m
Morgan Stanley UK Institutional Securities Group (Sales and Trading)$723k$946k$1.67m


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