Virginia Commonwealth Bank Salary

As of August 2026, the average annual salary for employees at Virginia Commonwealth Bank in the United States is $85,281. This translates to an approximate hourly wage of $41. Salaries at Virginia Commonwealth Bank typically range from $74,811 to $96,637 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Virginia Commonwealth Bank Pay for Different Roles?

Explore detailed salary information for specific jobs at Virginia Commonwealth Bank. Based on our data, the highest paying job is the Vice President, Business Development, with an annual salary of $199,041. The table below outlines the annual salary ranges for most popular roles within the company.
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Current Job Openings at Virginia Commonwealth Bank

Ready for your next career move? Explore current job openings at Virginia Commonwealth Bank. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Virginia Commonwealth Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Virginia Commonwealth Bank'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
Wells Fargo-supported $88,002
+3.2%
Reflects structural premiums typical of Wells Fargo-supported's large-cap national operations.
Akim Bosome Rural Bank Ltd $88,740
+4.1%
Reflects a supply-demand imbalance for the specific talent Akim Bosome Rural Bank Ltd targets.
Wauconda Community Bank $90,512
+6.1%
Supported by Wauconda Community Bank's high-margin contracts allowing higher overhead.
Velcan SA $89,088
+4.5%
Influenced by prevailing union wage agreements specific to Velcan SA's sector.
Financial Services Industry $121,514
+42.5%
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.

Employee Reviews: Working at Virginia Commonwealth Bank

Considering a career at Virginia Commonwealth Bank? 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.
Despite its size the company maintains an agile, innovative mindset. Leadership is approachable and open to innovation. Good benefits, though promotion opportunities are limited. Encouraged to take initiative and lead. Ramp-up periods are realistic.
Laptops refresh on a regular cycle. Training is accessible it is well-tailored to job needs. The chain of command is clear, but feedback loops are limited unless formally requested. The financial services firm invests heavily in employee training and career development. Collaboration occurs mostly within teams rather than company-wide. Reliable leadership during industry changes.
Personal days accommodate unexpected needs. There is strong focus on compliance and risk management, which sometimes affects decision-making and innovation. The benefits package is comprehensive and competitive, supporting health and retirement goals.

Virginia Commonwealth Bank Overview

Website
www.vcb.bank
Founded In
1984
Employees
<25 employees
Industry
Financial Services
Headquarter Address
300 32nd St Virginia Beach Virginia VA 23451
Revenue
<$5 Million
Phone Number
+1 7574149801
Social Media
About Virginia Commonwealth Bank
Virginia Commonwealth Bank is a company that operates in the Financial Services industry. It employs 1-5 people and has $0M-$1M of revenue. The company is headquartered in Virginia Beach, Virginia.

What Benefits Does Virginia Commonwealth Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Virginia Commonwealth Bank 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 Virginia Beach?

Understanding the cost of living near Virginia Beach is key to truly evaluating a salary offer or your current compensation at Virginia Commonwealth Bank.
Virginia Beach's Cost of Living Index is approximately 101.8 (1.8% more expensive than US average; 2.2% less than VA average). Large coastal city, tourism, military, housing near US avg. HRT bus/light rail. When planning your budget based on a salary from Virginia Commonwealth Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,300 - $1,900+ A significant portion of Virginia Commonwealth Bank salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (HRT monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $600 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $730+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,600 - $4,160+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Virginia Commonwealth Bank

1. How much does a Virginia Commonwealth Bank employee make?

Virginia Commonwealth Bank pays its employees an average of $85,281 per year. The average salary at Virginia Commonwealth Bank range from $74,811 to $96,637 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 Virginia Commonwealth Bank?

The salary at Virginia Commonwealth Bank is lesser than the similar company. The average annual salary at Virginia Commonwealth Bank is $85,281, or an hourly wage of $41, in comparison to Wells Fargo-supported which pays $88,002 per year or $42 per hour.

3. How much does a Vice President, Business Development typically earn at Virginia Commonwealth Bank?

A Vice President, Business Development at Virginia Commonwealth Bank typically earns an average annual base salary of around $199,041, with a general range of $180,259 to $218,036.

4. Do employees with advanced degrees (Master's, PhD) earn more at Virginia Commonwealth Bank?

In many roles at Virginia Commonwealth Bank, 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.

5. How does the cost of living near Virginia Beach affect the perceived value of a Virginia Commonwealth Bank salary?

Virginia Beach's Cost of Living Index is approximately 101.8 (1.8% more expensive than US average; 2.2% less than VA average). This significantly impacts the purchasing power of a salary from Virginia Commonwealth Bank based there. Our "Cost of Living Insights for Virginia Beach" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Virginia Commonwealth Bank typically offer employees?

Virginia Commonwealth Bank 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 Virginia Commonwealth Bank" section on this page.