20 highest-paid bank executives

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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
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Jeremy Barnum of JPMorgan Chase ranked 20th with $13,221,257 in total compensation.
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Matthew M. Koder of Bank of America ranked 19th with $13,617,228 in total compensation.
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Mark A.L. Mason of Citibank ranked 18th with $14,488,496 in total compensation.
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Jonathan Geoffrey Weiss of Wells Fargo ranked 17th with $14,623,102 in total compensation.
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Anand "Selva" Selvakesari of Citibank ranked 16th with $14,743,246 in total compensation.
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Andrew Mason "Andy" Sieg* of Citibank ranked 15th with $14,848,291 in total compensation.
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Jennifer A. Piepszak of JPMorgan Chase ranked 14th with $17,925,847 in total compensation.
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Marianne Lake of JPMorgan Chase ranked 13th with $17,975,015 in total compensation.
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William S. "Bill" Demchak of PNC Bank ranked 12th with $19,950,306 in total compensation.
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James P. "Jim" DeMare of Bank of America ranked 11th with $21,728,048 in total compensation.
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Andrew J. "Andy" Cecere of U.S. Bank ranked 10th with $22,916,957in total compensation.
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Andrew J. "Andy" Morton of Citibank ranked 9th with $24,589,465 in total compensation.
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John Michael Howard of Truist Bank ranked 8th with $24,712,006 in total compensation.
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Jane Nind Fraser of Citibank ranked 7th with $25,458,313 in total compensation.
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Charles W. "Charlie" Scharf of Wells Fargo ranked 6th with $25,966,198 in total compensation.
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Mary Callahan Erdoes of JPMorgan Chase ranked 5th with $26,134,183 in total compensation.
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Brian Thomas Moynihan of Bank of America ranked 4th with $28,571,192 in total compensation.
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Daniel Eduardo Pinto of JPMorgan Chase ranked 3rd with $28,597,037 in total compensation.
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Paco Ybarra of Citibank ranked 2nd with $29,495,659 in total compensation.
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James "Jamie" Dimon of JPMorgan Chase ranked 1st with $35,093,780 in total compensation.
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