Bloomberg is reporting that Morgan Stanley set aside 71 percent of its revenue from the first 6 months of the year for employee's salaries, benefits, and bonuses, compared with 49 percent at Goldman Sachs and 38 percent at JPMorgan.
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Get Your Report Now!For the first six months of the year, Morgan Stanley set aside $5.91 billion for employee compensation, 71 percent of its $8.36 billion in revenue, the news service reports. The company had 62,215 at the end of June, making the compensation per employee about $95,000, according to the news service.
By contrast, Goldman Sachs, which had nearly four times the revenue, set aside a record $11.4 billion for employee compensation over the first six months of the year, or about $386,000 per employee.
Source: Bloomberg