The 5 highest-paid CEOs in the financial services industry an earned average of $27.9 million each in 2019. Meet the CEOs from Morgan Stanley, JPMorgan Chase, Bank of America, Citigroup, and Goldman Sachs

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Jamie Dimon grew up in New York City into a banking family — his father and grandfather both worked in the industry. After majoring in economics and psychology at Tufts University, he got his MBA at Harvard Business School, and joined then-mentor and financial genius Sandy Weill at American Express. 

Dimon and Weill eventually left American Express for Commercial Credit, a Baltimore-based sub-prime lender, and, through a series of acquisitions formed financial services firm Travelers Group. Travelers eventually merged with commercial bank Citicorp to become Citigroup, Inc. As Dimon’s employer grew and acquired companies, he served in many roles at the acquired companies, from CEO to CFO to Chairman. 

In 1998, Weill and Dimon had a falling out and Dimon was fired from Citigroup. Dimon went on to become the CEO of Chicago-based Bank One, and led it through an acquisition from JPMorgan Chase. After joining JPMorgan Chase, he was named COO in 2004, then became CEO in 2005. Dimon brought JPMorgan Chase through the purchase of Bear Stearns and Washington Mutual during the financial crisis in 2008.

In 2019, Dimon made $31.6 million in total reported compensation, only about $30,000 less than Gorman, who had the largest total reported compensation amount. Some 78% of Dimon’s compensation was awarded in the form of equity.