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In 2023, the top five bank executives with the highest total compensation earned a combined salary of more than $147 million. The average salary for the 20 bank executives making the most money in 2023 was more than $21 million.
For this ranking, total compensation includes the grant date fair value of equity awards received during the fiscal year as well as the change in pension and non-qualified deferred compensation.
Read more about these high earning bank executives.
Source: S&P
| Rank | Name | Institution | Title | Total compensation ($) |
| 1 | James “Jamie” Dimon | JPMorgan Chase | Chairman and CEO | 3,50,93,780 |
| 2 | Paco Ybarra | Citibank | Senior Advisor and Former CEO – Institutional Clients Group | 2,94,95,659 |
| 3 | Daniel Eduardo Pinto | JPMorgan Chase | President, COO and Former CEO – Corporate and Investment Bank | 2,85,97,037 |
| 4 | Brian Thomas Moynihan | Bank of America | Chairman and CEO | 2,85,71,192 |
| 5 | Mary Callahan Erdoes | JPMorgan Chase | CEO – Asset and Wealth Management | 2,61,34,183 |
| 6 | Charles W. “Charlie” Scharf | Wells Fargo | CEO, President and Director | 2,59,66,198 |
| 7 | Jane Nind Fraser | Citibank | CEO | 2,54,58,313 |
| 8 | John Michael Howard | Truist Bank | CEO – Truist Insurance Holdings | 2,47,12,006 |
| 9 | Andrew J. “Andy” Morton | Citibank | Head of Markets | 2,45,89,465 |
| 10 | Andrew J. “Andy” Cecere | U.S. Bank | Chairman, President and CEO | 2,29,16,957 |
| 11 | James P. “Jim” DeMare | Bank of America | President – Global Markets | 2,17,28,048 |
| 12 | William S. “Bill” Demchak | PNC Bank | Chairman and CEO | 1,99,50,306 |
| 13 | Marianne Lake | JPMorgan Chase | Co-CEO – Consumer and Community Banking | 1,79,75,015 |
| 14 | Jennifer A. Piepszak | JPMorgan Chase | Co-CEO – Consumer and Community Banking | 1,79,25,847 |
| 15 | Andrew Mason “Andy” Sieg* | Citibank | Head of Wealth | 1,48,48,291 |
| 16 | Anand “Selva” Selvakesari | Citibank | COO | 1,47,43,246 |
| 17 | Jonathan Geoffrey Weiss | Wells Fargo | Senior EVP and CEO – Corporate and Investment Banking | 1,46,23,102 |
| 18 | Mark A.L. Mason | Citibank | CFO | 1,44,88,496 |
| 19 | Matthew M. Koder | Bank of America | President – Global Corporate and Investment Banking | 1,36,17,228 |
| 20 | Jeremy Barnum | JPMorgan Chase | CFO | 1,32,21,257 |
