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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 | 35,093,780 |
| 2 | Paco Ybarra | Citibank | Senior Advisor and Former CEO - Institutional Clients Group | 29,495,659 |
| 3 | Daniel Eduardo Pinto | JPMorgan Chase | President, COO and Former CEO - Corporate and Investment Bank | 28,597,037 |
| 4 | Brian Thomas Moynihan | Bank of America | Chairman and CEO | 28,571,192 |
| 5 | Mary Callahan Erdoes | JPMorgan Chase | CEO - Asset and Wealth Management | 26,134,183 |
| 6 | Charles W. "Charlie" Scharf | Wells Fargo | CEO, President and Director | 25,966,198 |
| 7 | Jane Nind Fraser | Citibank | CEO | 25,458,313 |
| 8 | John Michael Howard | Truist Bank | CEO - Truist Insurance Holdings | 24,712,006 |
| 9 | Andrew J. "Andy" Morton | Citibank | Head of Markets | 24,589,465 |
| 10 | Andrew J. "Andy" Cecere | U.S. Bank | Chairman, President and CEO | 22,916,957 |
| 11 | James P. "Jim" DeMare | Bank of America | President - Global Markets | 21,728,048 |
| 12 | William S. "Bill" Demchak | PNC Bank | Chairman and CEO | 19,950,306 |
| 13 | Marianne Lake | JPMorgan Chase | Co-CEO - Consumer and Community Banking | 17,975,015 |
| 14 | Jennifer A. Piepszak | JPMorgan Chase | Co-CEO - Consumer and Community Banking | 17,925,847 |
| 15 | Andrew Mason "Andy" Sieg* | Citibank | Head of Wealth | 14,848,291 |
| 16 | Anand "Selva" Selvakesari | Citibank | COO | 14,743,246 |
| 17 | Jonathan Geoffrey Weiss | Wells Fargo | Senior EVP and CEO - Corporate and Investment Banking | 14,623,102 |
| 18 | Mark A.L. Mason | Citibank | CFO | 14,488,496 |
| 19 | Matthew M. Koder | Bank of America | President - Global Corporate and Investment Banking | 13,617,228 |
| 20 | Jeremy Barnum | JPMorgan Chase | CFO | 13,221,257 |
