JPMorgan has issued an unprecedented amount of information on the small proportion of its investment bankers who genuinely generate its revenues

eFC logo

JPMorgan’s Jes Staley made an investor presentation today. 

In it, he revealed that – despite being one of the most successful investment banks, and one of the only investment banks to have increased compensation per head since 2007, JPMorgan’s middle and back office professionals far, far, outweigh its revenue generators.

Hence, JPMorgan's investment bank has:

2,500 salespeople

2,000 traders

2,000 ‘bankers’

800 researchers


4,000 control and risk professionals

13,000 technical and operations professionals

In other words, only 30% of its staff are in revenue generating roles.

This doesn't sound like much. In fact, however, it may be fairly standard: at BarCap as few as 32% of staff are thought to be revenue generators. At SocGen, it’s more like 29%.

Popular job sectors


Search jobs

Search articles