Investment Banking

Boutique investment bank pay jumps 40%, as investors up pressure on exec awards

Analysis from compensation consultants Johnson Associates shows that CEOs at banks received a bigger increase than the rank and file

David Solomon, chief executive officer of Goldman Sachs, received a significant uptick in pay as well as an $80m incentive award
David Solomon, chief executive officer of Goldman Sachs, received a significant uptick in pay as well as an $80m incentive award Photo: Naina Helén Jåma/Getty Images

Boutique investment banks hiked pay for top executives by 40% last year, as firms faced more resistance from investors on compensation.

The average pay for chief executives in boutique investment banks jumped to $14.2m in 2024, according to analysis of banks’ proxy statements by Wall Street compensation consultants Johnson Associates.

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