Removing the EXIF info won't save you much. Usually in the range of 5-20KB. Not hardly even worth mentioning, especially on an 8-11MB file.
I'd suggest lowering the image quality a little. Because of the way JPEGs are compressed there's diminishing returns on the higher quality settings. That is to say that the higher the quality setting doesn't always mean a significant increase in image quality. But it will result in a much larger file.
For most intents and purposes 80-90% is a good setting. 60-70% is usually good for larger thumbnails, down to about 50% for smaller thumbs.
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James
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