League table of first half compensation

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Needless to say, Goldman Sachs has accrued the most compensation per head in the first half of this year (although this may merely be an accounting convenience).

As things currently stand, Goldman is followed not particularly closely by Deutsche Bank. Morgan Stanley lags a long way behind everyone, but this may be more attributable to the fact that brokers are included in its count, than that it pays its investment bankers badly. Bank of America Merrill Lynch has not been included in the ranking as it doesn't split out pay for its investment bankers.

1) Goldman Sachs

Accrued compensation per head, 1H2009: $386k (vs. $244k 1H08)

2) Deutsche Bank (corporate and investment bank):

Accrued compensation per head, 1H2009: $298k (€209k) (vs. €174k 1H08)

3) Credit Suisse (investment bank)

Accrued compensation per head, 1H2009: $281k (CHF301k) (vs. CHF200k 1H08)

4) JP Morgan (investment bank)

Accrued compensation per head, 1H2009: $232k (vs. $118k 1H08)

5) Morgan Stanley

Accrued compensation per head, 1H2009: $95k (vs. $150k 1H08)

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