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Federal Reserve Bank of Richmond salaries
Federal Reserve Bank of Richmond salary estimate
$57,591yearly
Overview of Salaries at the Federal Reserve Bank of Richmond
At the Federal Reserve Bank of Richmond, employees enjoy a competitive salary structure that supports their financial goals. The estimated average salary for 2025 is $57,591, which reflects the bank's dedication to fair compensation. Salaries may vary depending on departments, with finance-related roles often commanding higher pay. For instance, finance positions typically offer some of the most lucrative salaries within the organization, making them attractive for candidates seeking growth in the financial sector.
Salary by Location
Moreover, salaries can differ by geographic location, with some regions offering higher compensation rates due to the cost of living and market demand. Understanding these dynamics helps prospective employees gauge their earning potential based on their desired position and location. Overall, the Federal Reserve Bank of Richmond not only values its workforce but also emphasizes equitable pay across its various roles.
Highest paying jobs at Federal Reserve Bank of Richmond
The highest paying jobs at Federal Reserve Bank of Richmond are economist, enterprise data architect, director, and market risk specialist. Economist jobs at Federal Reserve Bank of Richmond earn an average yearly salary of $134,072, Federal Reserve Bank of Richmond enterprise data architect jobs average $131,477, and Federal Reserve Bank of Richmond director jobs average $128,849.
The lowest paying Federal Reserve Bank of Richmond roles include communications operator and check processing clerk. Federal Reserve Bank of Richmond communications operator average salary is $31,356 per year. So while the average Federal Reserve Bank of Richmond salary is $57,591 there is a big variation in pay depending on the role.
Highest paying jobs at Federal Reserve Bank of Richmond
| Rank | Job title | Average Federal Reserve Bank of Richmond salary | Hourly rate |
|---|---|---|---|
| 1 | Economist | $134,072 | $64.46 |
| 2 | Enterprise Data Architect | $131,477 | $63.21 |
| 3 | Director | $128,849 | $61.95 |
| 4 | Market Risk Specialist | $119,489 | $57.45 |
| 5 | Cash Manager | $101,123 | $48.62 |
| 6 | Bank Examiner | $100,995 | $48.56 |
| 7 | Senior Software Engineer | $95,737 | $46.03 |
| 8 | Middleware Administrator | $80,874 | $38.88 |
| 9 | Senior Information Technology Auditor | $69,444 | $33.39 |
| 10 | Project Manager | $63,950 | $30.75 |
| 11 | Automation Test Engineer | $62,882 | $30.23 |
| 12 | Business Analyst | $59,862 | $28.78 |
| 13 | Technical Consultant | $59,406 | $28.56 |
| 14 | Finance Analyst | $54,184 | $26.05 |
| 15 | Research Associate | $52,891 | $25.43 |
| 16 | Human Resources Consultant | $50,649 | $24.35 |
| 17 | Accountant | $50,497 | $24.28 |
| 18 | Police Officer | $48,821 | $23.47 |
| 19 | Human Resources Generalist | $47,506 | $22.84 |
| 20 | Purchasing Agent | $42,731 | $20.54 |
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Average Federal Reserve Bank of Richmond salary by state
Federal Reserve Bank of Richmond pays the highest salaries in District of Columbia due to higher costs of living and competition in the state.
| Rank | State | Average Federal Reserve Bank of Richmond salary | Hourly rate |
|---|---|---|---|
| 1 | District of Columbia | $65,562 | $31.52 |
| 2 | Virginia | $60,637 | $29.15 |
| 3 | Maryland | $58,676 | $28.21 |
| 4 | North Carolina | $56,615 | $27.22 |
How much does Federal Reserve Bank of Richmond pay by location?
Highest paying Federal Reserve Bank of Richmond locations
| Rank | Location | Average Federal Reserve Bank of Richmond salary | Hourly rate |
|---|---|---|---|
| 1 | Richmond, VA | $60,551 | $29.11 |
| 2 | Baltimore, MD | $58,663 | $28.20 |
| 3 | Charlotte, NC | $56,651 | $27.24 |
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Federal Reserve Bank of Richmond salaries by department
Salaries at Federal Reserve Bank of Richmond vary depending on the department you work in. Federal Reserve Bank of Richmond salaries in the finance department are the highest with an average salary of $94,850. Employees in the research & development department at Federal Reserve Bank of Richmond receive relatively high salaries as well, with an average salary of $88,337 per year. Departments that don't pay as well at Federal Reserve Bank of Richmond include the retail and the administrative organizational functions, with employees earning average salaries of $32,201 and $33,790, respectively.
Average Federal Reserve Bank of Richmond salary by department
| Rank | Department | Average Federal Reserve Bank of Richmond salary | Hourly rate |
|---|---|---|---|
| 1 | Finance | $94,850 | $45.60 |
| 2 | Research & Development | $88,337 | $42.47 |
| 3 | Engineering | $60,968 | $29.31 |
| 4 | Education | $60,091 | $28.89 |
| 5 | IT | $56,060 | $26.95 |
| 6 | Marketing | $48,896 | $23.51 |
| 7 | Human Resources | $48,563 | $23.35 |
| 8 | Art/Design | $44,992 | $21.63 |
| 9 | Plant/Manufacturing | $43,032 | $20.69 |
| 10 | Accounting | $42,710 | $20.53 |
| 11 | Non Profit/Government | $41,698 | $20.05 |
| 12 | Facilities | $38,185 | $18.36 |
| 13 | Customer Service | $34,911 | $16.78 |
| 14 | Administrative | $33,790 | $16.25 |
| 15 | Retail | $32,202 | $15.48 |
How much does Federal Reserve Bank of Richmond pay by department?
Best paying Federal Reserve Bank of Richmond finance salaries
| Rank | Position | Average Federal Reserve Bank of Richmond salary | Hourly rate |
|---|---|---|---|
| 1 | Economist | $134,072 | $64.46 |
| 2 | Market Risk Specialist | $119,489 | $57.45 |
| 3 | Cash Manager | $101,123 | $48.62 |
| 4 | Bank Examiner | $100,995 | $48.56 |
| 5 | Change Manager | $90,795 | $43.65 |
| 6 | Project Analyst | $62,278 | $29.94 |
| 7 | Finance Analyst | $54,184 | $26.05 |
| 8 | Consultant | $44,728 | $21.50 |
| 9 | Finance Service Representative | $33,136 | $15.93 |
| 10 | Payment Processor | $32,790 | $15.76 |
Best paying Federal Reserve Bank of Richmond IT salaries
| Rank | Position | Average Federal Reserve Bank of Richmond salary | Hourly rate |
|---|---|---|---|
| 1 | Technical Advisor | $107,816 | $51.83 |
| 2 | Security Manager | $97,326 | $46.79 |
| 3 | Systems Analyst Programmer | $73,147 | $35.17 |
| 4 | Senior Information Technology Auditor | $69,444 | $33.39 |
| 5 | Senior Project Manager | $69,152 | $33.25 |
| 6 | Systems Administrator | $64,793 | $31.15 |
| 7 | Automation Specialist | $63,180 | $30.38 |
| 8 | Securities Analyst | $62,886 | $30.23 |
| 9 | Management Associate | $39,231 | $18.86 |
| 10 | Network Operation Technician | $36,880 | $17.73 |
| 11 | Console Operator | $34,750 | $16.71 |
| 12 | Technical Support Specialist | $34,148 | $16.42 |
| 13 | Information Technology Internship | $33,493 | $16.10 |
| 14 | Network Internship | $33,092 | $15.91 |
Best paying Federal Reserve Bank of Richmond administrative salaries
| Rank | Position | Average Federal Reserve Bank of Richmond salary | Hourly rate |
|---|---|---|---|
| 1 | Office Support Specialist | $35,450 | $17.04 |
| 2 | General Ledger Bookkeeper | $34,991 | $16.82 |
| 3 | Administrative Assistant | $33,882 | $16.29 |
| 4 | Project Management Internship | $33,510 | $16.11 |
| 5 | Administrative Internship | $32,752 | $15.75 |
| 6 | Executive Administrator | $32,456 | $15.60 |
| 7 | Staff Assistant | $32,284 | $15.52 |
| 8 | Data Entry Clerk | $32,105 | $15.44 |
| 9 | Data Entry Operator | $31,850 | $15.31 |
| 10 | Check Processing Clerk | $31,840 | $15.31 |
Federal Reserve Bank of Richmond competitors’ average salaries
Average salaries at Federal Reserve Bank of Richmond competitors, like Moody's, Fannie Mae, and CIBC World Markets, vary. Moody's employees earn the highest salaries, with an average yearly salary of $109,712. The average salary at Fannie Mae is $109,130 per year, and the average salary at CIBC World Markets is $106,863 per year.
Highest paying Federal Reserve Bank of Richmond competitors
| Rank | Company name | Zippia score | Average salary |
|---|---|---|---|
| 1 | Moody's | 4.9 | $109,712 |
| 2 | Federal National Mortgage Association | 4.6 | $109,130 |
| 3 | CIBC World Markets | 4.8 | $106,863 |
| 4 | Wellington Management | 4.9 | $100,217 |
| 5 | Federal Reserve Bank of New York | 4.7 | $92,408 |
| 6 | OCC | 4.9 | $91,809 |
| 7 | Federal Reserve | 4.4 | $91,007 |
| 8 | IIF | 4.7 | $81,038 |
| 9 | Council of Federal Home Loan Banks | 4.9 | $80,194 |
| 10 | Russell Investments | 4.5 | $78,130 |
| 11 | Federal Reserve Bank of Boston | 4.2 | $71,017 |
| 12 | PSRS/PEERS | 3.3 | $70,481 |
| 13 | CSBS | 3.7 | $68,555 |
| 14 | World Bank | 4.8 | $68,368 |
| 15 | Federal Reserve Bank | 4.7 | $61,679 |
| 16 | Federal Reserve Bank Services | 4.1 | $60,964 |
| 17 | Federal Reserve Bank of Dallas | 4.9 | $52,831 |
| 18 | Federal Reserve Bank of Minneapolis | 4.7 | $50,822 |
| 19 | Federal Reserve Bank of Cleveland | 4.9 | $49,559 |
| 20 | Federal Reserve Bank of San Francisco | 4.7 | $44,690 |
Recently added Federal Reserve Bank of Richmond salaries
| Job | Location | Date added | Salary |
|---|---|---|---|
| Research Intern | Minneapolis, MN | 06/30/2025 | $35,479 |
| Payroll Tax Analyst | Richmond, VA | 06/28/2025 | $85,000 |
| Facilities Engineer | Detroit, MI | 06/27/2025 | $99,882 |
| Openshift Engineer-Advanced | Richmond, VA | 05/27/2025 | $130,000 |
| Product Owner-Senior | Richmond, VA | 05/27/2025 | $103,900 |
What employees say about salary at Federal Reserve Bank of Richmond
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Frequently asked questions about Federal Reserve Bank of Richmond salaries
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Zippia gives an in-depth look into the details of Federal Reserve Bank of Richmond, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Federal Reserve Bank of Richmond. The employee data is based on information from people who have self-reported their past or current employments at Federal Reserve Bank of Richmond. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Federal Reserve Bank of Richmond. The data presented on this page does not represent the view of Federal Reserve Bank of Richmond and its employees or that of Zippia.
Federal Reserve Bank of Richmond may also be known as or be related to Federal Reserve Bank Of Richmond and Federal Reserve Bank of Richmond.