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Bank Consulting Group Inc Salary

Bank Consulting Group Inc Salary

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As of August 2026, the average annual salary for employees at Bank Consulting Group Inc in the United States is $89,289. This translates to an approximate hourly wage of $43. Salaries at Bank Consulting Group Inc typically range from $78,559 to $100,953 annually, reflecting the diverse roles and experience levels within the company.
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Is Bank Consulting Group Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Bank Consulting Group Inc's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Redac Advantage Insurance Services LLC $99,984
+12.0%
Data suggests Redac Advantage Insurance Services LLC's workforce skews heavily towards veteran, high-tenure roles.
BeneUSA LLC $95,934
+7.4%
Driven by niche technical certifications required for BeneUSA LLC's specialized projects.
Insure1stop $99,868
+11.8%
Supported by Insure1stop's high-margin contracts allowing higher overhead.
TIC Financial $93,424
+4.6%
Influenced by prevailing union wage agreements specific to TIC Financial's sector.
Insurance Industry $123,858
+38.7%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Bank Consulting Group Inc's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Bank Consulting Group Inc. Click a company name to learn more.

Employee Reviews: Working at Bank Consulting Group Inc

Considering a career at Bank Consulting Group Inc? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
It is innovative, the company provides job security and standard benefits. The work-life balance is respected, with flexible scheduling options for those who need it. This company offers a stable work environment in the insurance sector. The benefits package is competitive, including health coverage, retirement plans, and wellness programs. The company follows traditional insurance practices, whi...
Commented in April 17, 2025
33
3
The workplace culture is engaging, and employee recognition programs are motivating. The benefits package is robust, including retirement plans and health incentives. Professional development opportunities, like conferences and courses, are readily available. The team is competent, though collaboration varies by department. This company stands out for its employee-friendly policies and growth oppo...
Commented in March 11, 2025
48
1
Company events foster a strong sense of community. While there aren’t many standout perks, the job provides stability and a predictable routine. The insurance products are top-notch, and client service is a focus.
Commented in May 27, 2024
24
2

Bank Consulting Group Inc Overview

Website
www.bankconsultinggroup.com
Founded In
2000
Employees
<25 employees
Industry
Insurance
Headquarter Address
6800 Paragon Pl Richmond Virginia VA 23230
Revenue
<$5 Million
Phone Number
+1 8042828305
Social Media
About Bank Consulting Group Inc
Bank Consulting Group, a firm national in scope, specializes in the design, implementation, financing and administration of nonqualified executive and director benefit plans. We bring experience, innovation, objectivity, integrity and long-term value to our clients organizations. By carefully listening to your needs and understanding your goals and objectives, we tailor our services so that you ca

What Benefits Does Bank Consulting Group Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Bank Consulting Group Inc offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Richmond?

Understanding the cost of living near Richmond is key to truly evaluating a salary offer or your current compensation at Bank Consulting Group Inc.
Richmond's Cost of Living Index is approximately 95.8 (4.2% less expensive than US average; 8.0% less than VA average). State capital, historic, arts/food scene, affordable housing. GRTC bus. When planning your budget based on a salary from Bank Consulting Group Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,100 - $1,600+ A significant portion of Bank Consulting Group Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (GRTC monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $580 Can be higher with more dining out or specialty stores.
Personal & Leisure $380 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,440 - $3,790+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Bank Consulting Group Inc

1. How much does a Bank Consulting Group Inc employee make?

Bank Consulting Group Inc pays its employees an average of $89,289 per year. The average salary at Bank Consulting Group Inc range from $78,559 to $100,953 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. Which similar company tend to pay more or less than Bank Consulting Group Inc?

The salary at Bank Consulting Group Inc is lesser than the similar company. The average annual salary at Bank Consulting Group Inc is $89,289, or an hourly wage of $43, in comparison to Redac Advantage Insurance Services LLC which pays $99,984 per year or $48 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at Bank Consulting Group Inc?

In many roles at Bank Consulting Group Inc, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

4. How does the cost of living near Richmond affect the perceived value of a Bank Consulting Group Inc salary?

Richmond's Cost of Living Index is approximately 95.8 (4.2% less expensive than US average; 8.0% less than VA average). This significantly impacts the purchasing power of a salary from Bank Consulting Group Inc based there. Our "Cost of Living Insights for Richmond" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does Bank Consulting Group Inc typically offer employees?

Bank Consulting Group Inc generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Bank Consulting Group Inc" section on this page.

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