2,343 individuals working for EU banks and for investment firms have received a remuneration of more than EUR 1 million in 2023
The European Banking Authority (EBA) published its Dashboard on high earners for 2023. The analysis shows a slight increase in the number of individuals working for EU banks and decrease for investment firms who have received a remuneration of more than EUR 1 million.
In 2023, the total number of high earners receiving a remuneration of more than EUR 1 million remained constant at 2 343, while that of high earners in credit institutions slightly increased by 5.21% (from 2 017 in 2022 to 2 122 in 2023), and of high earners in investment firms decreased by 32% (from 325 in 2022 to 221 in 2023), with the biggest fall in the Netherlands (-62.6% or 72 high earners) – see figure 1.
„The growth in the number of high earners in institutions is mainly attributed to the good performance of institutions and the increase of salary levels related to inflation. While the drop in high earners reported by investment firms seems to be attributable to the less successful financial year and lower market volatility.” – EBA explained.
The larger number of individuals high earners are in the banks and investment firms from Germany, France and Italy – figure 2.
The EBA’s analysis includes data on the gender distribution among high earners, highlighting the existence of a persistent gender imbalance within the financial sector, and particularly the highest paid positions. A significant majority of high earners are male: 89.8% (2022: 90.9%) in institutions
and 95% (2022: 96.6%) in investment firms – figure 3.
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
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Many more interesting quotes in the video below:
