Bank of America Mumbai Assistant Vice President IT Salaries by 7 Employees (Updated 2025)

12 - 20 years exp.

₹22 Lakhs - ₹47.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

13% more than the average Assistant Vice President IT Salary in Banking Companies for 12 - 20 years of experience

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Salaries in different departments

Engineering - Software & QA Assistant Vice President IT Salary 12 - 15 years exp. (3 salaries)	₹22 L/yr - ₹47.5 L/yr
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Project & Program Management Assistant Vice President IT Salary 17 - 20 years exp. (3 salaries)	₹26 L/yr - ₹40.8 L/yr

Last Updated: 1 Apr 2025

Companies similar to Bank of America for Assistant Vice President IT in Mumbai

Bank of America Assistant Vice President IT Salary

12 - 20 years exp. (7 salaries)

₹22 L/yr - ₹47.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Assistant Vice President IT Salary 11 - 19 years exp. (45 salaries)	₹17 L/yr - ₹36 L/yr 26% less
IDFC FIRST Bank Assistant Vice President IT Salary 10 - 23 years exp. (16 salaries)	₹14.9 L/yr - ₹43.4 L/yr 13% less
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Yes Bank Assistant Vice President IT Salary 8 - 22 years exp. (13 salaries)	₹15 L/yr - ₹22.5 L/yr 50% less
RBL Bank Assistant Vice President IT Salary 9 - 20 years exp. (12 salaries)	₹15.5 L/yr - ₹26 L/yr 47% less
AU Small Finance Bank Assistant Vice President IT Salary 10 - 15 years exp. (6 salaries)	₹18 L/yr - ₹37 L/yr 22% less
Deutsche Bank Assistant Vice President IT Salary 10 - 14 years exp. (3 salaries)	₹24 L/yr - ₹45 L/yr 4% less

Assistant Vice President IT salary at Bank of America ranges between ₹22 Lakhs to ₹47.5 Lakhs per year for employees with experience between 12 years to 20 years. Salary estimates are based on 7 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Assistant Vice President IT salaries in Mumbai

Last Updated: 1 Apr 2025

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹30 L/yr - ₹38.3 L/yr
13 years (AmbitionBox Estimate)	₹30.8 L/yr - ₹39.4 L/yr
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14 years (AmbitionBox Estimate)	₹31.7 L/yr - ₹40.5 L/yr
15+ years (5 salaries)	₹26 L/yr - ₹47.5 L/yr

Similar Designation salaries in Bank of America

Software Engineer Salary

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₹6.76 L/yr - ₹25.89 L/yr

Technical Lead Salary

(8 salaries)

₹23.1 L/yr - ₹39 L/yr

Test Lead Salary

(5 salaries)

₹15 L/yr - ₹21.85 L/yr

Senior Engineer Salary

(3 salaries)

₹2.74 L/yr - ₹17.07 L/yr

Senior Associate Salary

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₹4.5 L/yr - ₹5.2 L/yr

Salary related reviews for Bank of America

Senior Software Engineer in Mumbai

Full Time

Engineering - Software & QA Department

4.0

• posted on 05 Jul 2023

4.0

for Salary and Benefits

Likes

Employee Friendly, Flexible work hours, competitive salary, Good Office infrastructure

Salary - Good

+5 more

Dislikes

Long term career growth is difficult, too much competition to reach higher job roles, employee skills not utilized correctly.

Team Lead in Gurgaon / Gurugram

Full Time

Engineering - Software & QA Department

4.0

• posted on 28 Jan 2022

4.0

for Salary and Benefits

Likes

Being an employee you'll get everything you'd ask for. A good work life balance, handsome package (though it depends on your last salary), nice work location with hefty of employee benefits including personal and family insurance. Overall this organisation takes care of its employees in a decent manner. P.S - There are few flaws but can be dealt easily.

Salary - Good

+6 more

Dislikes

The management plays a very vital role in terms of employees growth. Few are over burdened at the other hand few are on relaxing mode. The task allocation should be equal and associate should push to learn new things so that everyone can be involved equally. Secondly, associates who contributes in major tasks, should be recognized with better hike compared to others who are still in comfort zone.

Senior Software Engineer in Hyderabad / Secunderabad

Engineering - Software & QA Department

3.0

• posted on 29 Jan 2022

1.0

for Salary and Benefits

Likes

...de jobs( you will not have any focus or knowledge on open source technologies) Pay is not so great compared to other competitors.

Job security - Good

Dislikes

No open source technologies, you will post all your skills.. better to avoid this company. Do not choose GMSP - Fixed income projects.. all GMSP projects using quartz framework. No incentive,no bonus only fixed income. P

Salary - Bad

+4 more

Senior Software Engineer in Hyderabad / Secunderabad

Production, Manufacturing & Engineering Department

4.0

• posted on 21 Apr 2022

3.0

for Salary and Benefits

Likes

Work culture is very good and work life balance is impressive. Everyone in the office very cooperate and helping in nature. Managers and HR partners are very helpful. They will listen to your queries patiently and help you as soon as they can.

Job security - Excellent

+4 more

Dislikes

Salary hikes are average when compared to other product/bank related companies.

Team Lead in Gurgaon / Gurugram

BFSI, Investments & Trading Department

5.0

• posted on 20 Feb 2022

4.0

for Salary and Benefits

Likes

Work life balance is super duper great, job security is like govt.job,management is very supportive and company policies are employee friendly.

Salary - Good

+6 more

Dislikes

Yearly bonus is very less as compared to other companies of same industry. No gifts on diwali, no monetary reward

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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 Assistant Vice President IT Salary FAQs

What is the salary of Assistant Vice President IT at Bank of America in Mumbai?

The average salary of a Assistant Vice President IT at Bank of America in Mumbai typically ranges from ₹22.0 Lakhs to ₹47.5 Lakhs per year, depending on experience (from 12 years to 20 years).

The top 10% of Assistant Vice President IT in Mumbai at Bank of America earn more than ₹47.0 Lakhs per year, and the top 1% earn over ₹47.5 Lakhs per year. Assistant Vice President IT 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 7 Bank of America employees in India.

What is the estimated take home salary of a Assistant Vice President IT at Bank of America in Mumbai?

The estimated take-home salary of a Assistant Vice President IT at Bank of America in Mumbai typically ranges from ₹2,25,942 to ₹2,35,021 per month. This is based on the average salary range of ₹22.0 Lakhs to ₹47.5 Lakhs per year for employees with experience ranging from 12 years to 20 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 7 salaries received from various employees of Bank of America. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Assistant Vice President IT in companies similar to Bank of America in Mumbai?

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

Deutsche Bank	₹24.0 Lakhs to ₹45.0 Lakhs per year
IDFC FIRST Bank	₹14.9 Lakhs to ₹43.4 Lakhs per year
AU Small Finance Bank	₹18.0 Lakhs to ₹37.0 Lakhs per year
HDFC Bank	₹17.0 Lakhs to ₹36.0 Lakhs per year
RBL Bank	₹15.5 Lakhs to ₹26.0 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 Assistant Vice President IT at Bank of America in Mumbai?

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

Experience	Average Salary Range
12 years	₹30.0 Lakhs to ₹38.3 Lakhs per year
13 years	₹30.8 Lakhs to ₹39.4 Lakhs per year
14 years	₹31.7 Lakhs to ₹40.5 Lakhs per year
15 years	₹26.0 Lakhs to ₹47.5 Lakhs per year

and so on.

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Bank of America Assistant Vice President IT Salaries in Mumbai

Bank of America Assistant Vice President IT salary in Mumbai ranges between ₹22 Lakhs to ₹47.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Bank of America latest salaries received from various employees of Bank of America.