Brokerage Managers At Big Banks Do Better

The largest financial institutions are being more generous with brokerage unit executives than typical financial institutions are.

Average compensation for brokerage managers at financial institutions with more than $15 billion in assets has increased 5.8% over the past 2 years, to about $411,000, according to a study written by Andrew Singer and distributed by the Bank Insurance Market Research Group, Mamaroneck, N.Y.

Average compensation for brokerage managers at all financial institutions fell 7.8% over the same period, to about $210,000, Singer writes.