A survey drawn from industry practitioners in London gives the US bank the highest ranking for its total pay for investment bankers.

Investment bankers at JP Morgan earn the highest total remuneration in London’s financial industry, with Morgan Stanley and Goldman Sachs in second and third spot, respectively, new figures show.

Rankings of front-office jobs in investment banking by Emolument, a crowdsourced organisation drawing pay and related data from the industry, drew figures from 493 associates. It found that the JP Morgan total pay package (average salary plus average bonus) was £155,500 ($241,149). This was ahead of Morgan Stanley, where the package totalled an average of £149,000, and Goldmans, at £143,000.

While not directly comparable with the pay scales of private bankers - a business which is, or which is supposed to be, less transactional - the survey may be indicative of broader pay trends and the relative salaries afforded by different groups.

In descending order from fourth were UBS ((£143,000), Credit Suisse ($126,000), Deutsche Bank (£124,000), Citigroup (£117,000), HSBC (£117,000), Barclays (113,000) and finally, in tenth spot, BNP Paribas (£105,000).

“As often, American banks top the chart, with salaries and bonuses above average, JP Morgan leading the way,” Emolument said in its report.

“Large bonuses deeply engrained in US pay culture: continental banks rarely pay bonuses above £30,000 with UBS standing out with bonus payments overtaking Goldmans',” it added.