From a review of US SEC filings and the Google Finance website, there are 16 US Financial Companies with Stock Market Caps above $100 bil recently.
From Company Proxy Statements filed with the SEC, the below table shows the Median Total Employee Pay and Benefits of each of these 16 largest US Financial Companies for annual 2020. The majority of these Companies have not yet filed their Annual Proxy Statements with the SEC related to annual 2021 Employee Compensation.
The employee pay of financial employees in the US is substantially higher than it is in any other country, and especially so in these larger countries with very low pay like China, India, Russia and Mexico.
To further illustrate this point. The bottom three US financial companies with the lowest median employee pay share the same characteristic ..... a substantial majority of their company employees are located in countries outside of the US:
- 76% of S&P Global's employees are located outside of the US
- 70% of American Tower's employees are located outside of the US
- and only 32% of Citigroup's employees are located in North America
