Bank of America Mumbai Analyst 1 Salaries by 10+ Employees

6 - 9 years exp.

₹10 Lakhs - ₹17.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

77% more than the average Analyst 1 Salary in Banking Companies for 6 - 9 years of experience

Interested in this particular role?

Salaries in different departments

Engineering - Software & QA Analyst 1 Salary 6 - 8 years exp. (10 salaries)	₹10 L/yr - ₹17.1 L/yr
Quality Assurance Analyst 1 Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹12.5 L/yr - ₹17.5 L/yr
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BFSI, Investments & Trading Analyst 1 Salary 7 years exp. (AmbitionBox Estimate)	₹11.8 L/yr - ₹14.6 L/yr

Last Updated: 13 Oct 2024

Companies similar to Bank of America for Analyst 1 in Mumbai

Bank of America Analyst 1 Salary

6 - 9 years exp. (15 salaries)

₹10 L/yr - ₹17.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Accelya Solutions India Limited Analyst 1 Salary 0 - 3 years exp. (19 salaries)	₹6 L/yr - ₹7.9 L/yr 45% less
Analytical Solutions Analyst 1 Salary 1 - 4 years exp. (17 salaries)	₹2.3 L/yr - ₹4.7 L/yr 75% less
Login to view exact salary
eClerx Analyst 1 Salary 1 - 3 years exp. (14 salaries)	₹2.1 L/yr - ₹3 L/yr 79% less
Integreon Analyst 1 Salary 0 - 6 years exp. (12 salaries)	₹3 L/yr - ₹5 L/yr 69% less
Citicorp Analyst 1 Salary 3 - 8 years exp. (11 salaries)	₹7.9 L/yr - ₹12 L/yr 19% less

Analyst 1 salary at Bank of America ranges between ₹10 Lakhs to ₹17.5 Lakhs per year for employees with experience between 6 years to 9 years. Salary estimates are based on 15 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Analyst 1 salaries in Mumbai

Last Updated: 13 Oct 2024

Experience	Avg Annual Salary
6 years (4 salaries)	₹10 L/yr - ₹20.5 L/yr
7 years (7 salaries)	₹10.5 L/yr - ₹17.1 L/yr
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8 years (3 salaries)	₹12.5 L/yr - ₹17.3 L/yr
9 years (AmbitionBox Estimate)	₹12.4 L/yr - ₹15.9 L/yr

From

Analyst 1

₹

Lakhs/yr

5 - 10 years exp.

Vice President

₹

Lakhs/yr

12 - 25 years exp.

Analyst 1

5 - 10 years exp.

Senior Analyst

3 - 15 years exp.

51% hike

Analyst Lead

8 - 15 years exp.

-7% hike

From

View 1 more level

Analyst 1

5 - 10 years exp.

Software Engineer III

9 - 15 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

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Business Analyst Salary

(18 salaries)

₹8 L/yr - ₹24.31 L/yr

Financial Analyst Salary

(11 salaries)

₹3.8 L/yr - ₹16.14 L/yr

Research Analyst Salary

(3 salaries)

₹8.65 L/yr - ₹9 L/yr

Top skills at Bank of America for Analyst 1

Risk Management Asset Management Unix Production Support Automation Troubleshooting Linux Business Services Application Support SQL Remedy Oracle CRM Networking Informatica

Salary related reviews for Bank of America

4.0

Rated by 1 employees for salary & benefits

Process Associate in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 28 Mar 2025

1.0

for Salary and Benefits

Likes

...e was good but now India Mumbai site leadership gang just exploiting employee...for their bonus and promotion..they are paying less to employees and keeping all the money in their pockets

Dislikes

Office politics. you can't grow if you are not part of gang ...old employee are forced to leave the company as now they are good for nothing for leadership team.....all the leaders got promotion because of old employees hard work but now they forgot everything and they are making their life miserable

Salary - Bad

+4 more

Assistant Vice President in Mumbai

Full Time

Project & Program Management Department

2.0

• posted on 16 Mar 2025

2.0

for Salary and Benefits

Likes

Work life balance Continue to work here if you are not looking for any growth and are happy with little increments every year. Outdated process etc

Job security - Good

Dislikes

Toxic work culture Bad managers No recognition No promotion Not good increments No bonus List goes on...

Salary - Poor

+4 more

Assistant Vice President in Chennai

Full Time

Engineering - Software & QA Department

1.0

• posted on 04 Oct 2024

5.0

for Salary and Benefits

Likes

Organization is beautifully structured ,salary wise and other benefits are very good

Salary - Excellent

Dislikes

Management is damn worst and they literally torcher without listening the issues from employees ,for new entry mid level seniors it's very very tough to survive...lots of politics and tech stack wise is very old we work

Skill development - Bad

+4 more

Assistant Vice President in Chennai

Full Time

Data Science & Analytics Department

4.0

• posted on 18 Aug 2023

4.0

for Salary and Benefits

Likes

Good Salary, work life balance.

Salary - Good

+4 more

Dislikes

Local management . Other than delivery there are many things to contribute. Local managers dont care about business and delivery. parallel leadership in india is killing the company. too many meetings without any use. Cab facilities are worst. No proper parking facilities. Heavy rush in small cafetarias.local management talk more about innovation but dont care about basic neccessities.All are puppets of senior managers(dont prefer to call them leaders)

Analyst in Gurgaon / Gurugram

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 07 May 2023

3.0

for Salary and Benefits

Likes

The pay is on time, reimbursements are not a problem. Lot of free time and not much stress over deadlines.

Job security - Excellent

+1 more

Dislikes

No deadline stress means no motivation to at all complete work. No promotions, you could possibly retire without a promotion, I seem to be on that journey right now. Also, any harassment complaints fall on deaf ears, even if you are a female employee..the harasser will just be moved to a different department.

Skill development - Poor

+2 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Bank of America Analyst 1 Salary FAQs

What is the salary of Analyst 1 at Bank of America in Mumbai?

The average salary of a Analyst 1 at Bank of America in Mumbai typically ranges from ₹10.0 Lakhs to ₹17.5 Lakhs per year, depending on experience (from 6 years to 9 years).

The top 10% of Analyst 1 in Mumbai at Bank of America earn more than ₹17.3 Lakhs per year, and the top 1% earn over ₹17.5 Lakhs per year. Analyst 1 Salaries at Bank of America can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 10+ Bank of America employees in India.

What is the estimated take home salary of a Analyst 1 at Bank of America in Mumbai?

The estimated take-home salary of a Analyst 1 at Bank of America in Mumbai typically ranges from ₹89,294 to ₹91,640 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹17.5 Lakhs per year for employees with experience ranging from 6 years to 9 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 10+ salaries received from various employees of Bank of America. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Analyst 1 at Bank of America in Mumbai?

To be a Analyst 1 at Bank of America in Mumbai, the key skills required include:

- Risk Management
- Asset Management
- Unix
- Production Support
- Automation

These skills are highly valued at Bank of America and are crucial for successful performance in a Software Engineering role.

What is the salary of a Analyst 1 in companies similar to Bank of America in Mumbai?

The salary of a Analyst 1 at companies similar to Bank of America in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Citicorp	₹7.9 Lakhs to ₹12.0 Lakhs per year
Accelya Solutions India Limited	₹6.0 Lakhs to ₹7.9 Lakhs per year
Integreon	₹3.0 Lakhs to ₹5.0 Lakhs per year
Analytical Solutions	₹2.3 Lakhs to ₹4.7 Lakhs per year
eClerx	₹2.1 Lakhs to ₹3.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Analyst 1 at Bank of America in Mumbai?

The salary growth for a Analyst 1 at Bank of America in Mumbai depends on factors such as experience, performance, and promotions. On average, a Analyst 1 in Mumbai can expect the following growth trajectory at Bank of America:

Experience	Average Salary Range
6 years	₹10.0 Lakhs to ₹20.5 Lakhs per year
7 years	₹10.5 Lakhs to ₹17.1 Lakhs per year
8 years	₹12.5 Lakhs to ₹17.3 Lakhs per year
9 years	₹12.4 Lakhs to ₹15.9 Lakhs per year

and so on.

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Bank of America Analyst 1 Salaries in Mumbai

Bank of America Analyst 1 salary in Mumbai ranges between ₹10 Lakhs to ₹17.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 15 Bank of America latest salaries received from various employees of Bank of America.