The highest-paid positions within a commercial or investment bank are held at the executive C-suite level, specifically the Chief Executive Officer (CEO), Chief Financial Officer (CFO), and heads of specialized divisions like Investment Banking or Global Markets. Executive compensation packages for major banking institutions often feature modest base salaries supplemented heavily by performance-based cash bonuses, stock options, and long-term equity incentive awards. In major global investment banks, top-performing managing directors and senior merger-and-acquisition advisors can also earn multi-million-dollar annual compensation packages driven directly by the transaction fees and capital-raising revenues they generate.