Bank Rhode Island Salary

Bank Rhode Island Salary

How much does the Bank Rhode Island Pay for employees?

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As of August 2026, the average annual salary for employees at Bank Rhode Island in the United States is $104,478. This translates to an approximate hourly wage of $50. Salaries at Bank Rhode Island typically range from $91,553 to $118,537 annually, reflecting the diverse roles and experience levels within the company. Bank Rhode Island’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Bank Rhode Island Pay for Different Roles?

Explore detailed salary information for specific jobs at Bank Rhode Island. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
How accurate does the salary look to you?

Current Job Openings at Bank Rhode Island

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

Is Bank Rhode Island’s Pay Competitive? Salary Benchmarking Analysis

How does Bank Rhode Island’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Bank Rhode Island
Financial Services
Bank of America - Saco
htmlFIRST STATE BANK
Industry Comparison
Our data shows that, on average, compensation at Bank Rhode Island is below the average for the U.S. Financial Services industry by approximately 14%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Bank Rhode Island average annual salary with several similar companies. Bank Rhode Island average salary of $104,478 is higher than Bank of America - Saco, which has an average salary of $98,655. It is higher than htmlFIRST STATE BANK, with their average salary at $101,524. This places Bank Rhode Island in a competitive position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How Bank Rhode Island's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Bank Rhode Island

Considering a career at Bank Rhode Island? 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.
The resources available for professional growth are outstanding, from certifications to leadership programs. We're always looking for better ways to serve our clients and streamline operations. Flexible arrangements are possible, and there's a genuine understanding of personal commitments outside of work hours. Despite its size, the firm maintains a people-first approach, ensuring workloads are ma...
Commented in February 23, 2025
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Hiring practices promote equal opportunity. Strong leadership fosters professional growth and teamwork. Strong leadership encourages transparent communication and trust. What stands out most is the shared commitment to ethical finance and client success, making every day at work purposeful. Benefits include competitive salaries, healthcare, and retirement plans. There’s a well-designed infrastruct...
Commented in September 12, 2024
32
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The culture emphasizes responsibility, transparency, and ethical standards, which is important in the financial sector. I’m proud to work at a company that prioritizes both results and people. The company invests heavily in employee development, offering extensive training programs and mentorship opportunities. A truly inclusive workplace where diversity is celebrated.
Commented in February 28, 2024
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Bank Rhode Island Overview

Website
www.bankri.com
Founded In
1996
Employees
100 - 200 employees
Industry
Financial Services
Headquarter Address
PO Box 9488 Providence Rhode Island RI 02940
Revenue
$50 Million - $200 Million
Phone Number
+1 4014771100
Social Media
About Bank Rhode Island
Founded in 1996, Bank Rhode Island is a financial services company that provides personal banking services such as checking accounts, savings accounts, and personal loans. They are based in Providence, Rhode Island and they have branches located throughout Rhode Island.

What Benefits Does Bank Rhode Island Offer Beyond Salary?

A competitive compensation package is more than just a salary. Bank Rhode Island 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 Providence?

Understanding the cost of living near Providence is key to truly evaluating a salary offer or your current compensation at Bank Rhode Island.
Providence's Cost of Living Index is approximately 109.8 (9.8% more expensive than US average; 1.2% more than RI average). State capital, arts/culture (RISD, Brown), housing above US avg. RIPTA bus, Commuter Rail. When planning your budget based on a salary from Bank Rhode Island, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,500 - $2,200+ A significant portion of Bank Rhode Island salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (RIPTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $440 - $650 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $750+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,980 - $4,630+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Bank Rhode Island

1. What is the typical salary range (low to high) for most roles at Bank Rhode Island?

The typical annual salary range for most roles at Bank Rhode Island is approximately from $91,553 to $118,537. 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. How much does Bank Rhode Island pay compared to Bank of America - Saco?

The average annual salary at Bank Rhode Island is $104,478, or an hourly wage of $50, in comparison to Bank of America - Saco which pays $98,655 per year or $47 per hour.

3. Do salaries differ significantly between departments at Bank Rhode Island?

Yes, salaries often differ between departments at Bank Rhode Island due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Bank Rhode Island?

Experience level is a significant factor in determining salary at Bank Rhode Island, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Bank Rhode Island in Providence is fair given the local cost of living?

To determine if a salary offer from Bank Rhode Island in Providence is fair, first compare the gross salary to our data for similar roles at Bank Rhode Island and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Providence" to understand its purchasing power.

6. Are the salaries listed for Bank Rhode Island on Salary.com pre-tax or after-tax?

All salary figures displayed for Bank Rhode Island, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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