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Bank of America Associate salaries in India (Updated 2025)

Annual salary range
2 - 10 years exp.
₹8.5 Lakhs - ₹32.3 Lakhs
Salary of majority employees
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Fixed (100%)
₹20.4 Lakhs
Variable (0%)
₹0.0
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168% more than the average Associate Salary in Banking Companies for 2 - 10 years of experience

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Salaries in different departments

Finance & Accounting
Associate Salary
2 - 10 years exp. (26 salaries)
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₹7.7 L/yr - ₹31.5 L/yr

BFSI, Investments & Trading
Associate Salary
2 - 10 years exp. (25 salaries)
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₹9.5 L/yr - ₹38.2 L/yr

Data Science & Analytics
Associate Salary
6 - 10 years exp. (21 salaries)
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₹22.6 L/yr - ₹47.9 L/yr

Risk Management & Compliance
Associate Salary
2 - 8 years exp. (10 salaries)
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₹6.1 L/yr - ₹29.9 L/yr

Customer Success, Service & Operations
Associate Salary
2 - 6 years exp. (9 salaries)
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₹4.8 L/yr - ₹28.6 L/yr

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Last Updated: 20 Mar 2025

Companies similar to Bank of America for Associate

Company name Avg Annual Salary Open Jobs
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Deutsche Bank Associate Salary

2 - 15 years exp. (4.9k salaries)

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₹9 L/yr - ₹34 L/yr

arrow icon 3% less
35 job openings
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IDFC FIRST Bank Associate Salary

0 - 7 years exp. (633 salaries)

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₹1.5 L/yr - ₹5 L/yr

arrow icon 84% less
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NatWest Group Associate Salary

3 - 13 years exp. (473 salaries)

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₹7.2 L/yr - ₹24 L/yr

arrow icon 12% less
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Federal Bank Associate Salary

0 - 7 years exp. (158 salaries)

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₹4 L/yr - ₹9 L/yr

arrow icon 68% less
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State Bank of India Associate Salary

1 - 7 years exp. (148 salaries)

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₹3 L/yr - ₹11.4 L/yr

arrow icon 67% less
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Standard Chartered Associate Salary

1 - 13 years exp. (144 salaries)

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₹7.7 L/yr - ₹30 L/yr

arrow icon 14% less
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NatWest Markets Associate Salary

5 - 12 years exp. (144 salaries)

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₹7.3 L/yr - ₹31 L/yr

arrow icon 12% less
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₹1.9 L/yr - ₹7.9 L/yr

arrow icon 78% less
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State Street Bank Associate Salary

0 - 5 years exp. (135 salaries)

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₹2.1 L/yr - ₹6.8 L/yr

arrow icon 82% less
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ICICI Bank Associate Salary

0 - 5 years exp. (121 salaries)

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₹1.1 L/yr - ₹8 L/yr

arrow icon 85% less
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Associate salary at Bank of America ranges between ₹8.5 Lakhs to ₹32.3 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 142 latest salaries received from various employees of Bank of America.

Latest annual salaries shared by Bank of America Associate

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Experience wise Bank of America Associate salaries

Last Updated: 20 Mar 2025

Experience Avg Annual Salary
2 years  (17 salaries)

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₹3.5 L/yr - ₹11.1 L/yr
3 years  (18 salaries)

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₹4.6 L/yr - ₹20.6 L/yr
4 years  (10 salaries)

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₹5.8 L/yr - ₹20 L/yr
5 years  (13 salaries)

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₹7 L/yr - ₹31.4 L/yr
6 years  (18 salaries)

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₹8.2 L/yr - ₹36.7 L/yr
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Bank of America Associate Salary and Career Growth

From

To

Associate

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2 - 10 years exp.

Vice President

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14 - 25 years exp.

Associate 2 - 10 years exp.
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Assistant Vice President 10 - 21 years exp.
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arrow icon 91% hike
    Vice President 14 - 25 years exp.
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    arrow icon 66% hike
    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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    Top skills at Bank of America for Associate

    Risk Management Asset Management Business Services Analytical Monitoring

    Salary related reviews for Bank of America

    3.1

    Rated by 20 employees for salary & benefits

    Customer Service Department

    5.0
      •  posted on 01 Sep 2021

    4.0
     for  Salary and Benefits

    Likes

    Awesome! It ws my first organisation. Very employee centric, decent management, rich company culture, very secured job, safe for females as they offer guards with each cab in early mrng or evening shifts. Everything was good except the front desk girl who was very mean and rude, her personality does nt suit the organisation.

    read more
    • Salary - Good
    • +6 more

    Dislikes

    Salary was less and just one side cab and another side shuttle. The email and chat process ramped down. They offered positions in other processes bt salary ws nt that good.

    read more

    Full Time

     · 

    Engineering - Software & QA Department

    4.0
      •  posted on 15 Sep 2023

    5.0
     for  Salary and Benefits

    Likes

    ... be lot of forums to present your ideas and showcase your talents. Benifits - Food card top up beyond salary, EV purchase benifits, Day care reimbursement, Health insurance, 2 way company transport, Flexible working hours Gym access Welness benifits 100% fixed pay

    read more
    • Salary - Excellent
    • +1 more

    Dislikes

    Tech stack is a bit old. They upgrade quite slow comapred to market. End of the day, what you do at the innovation side is given more weightage when it cmes to ratings, promotions, etc.

    read more

    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

    read more
    • Salary - Good
    • +5 more

    Dislikes

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

    read more

    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.

    read more
    • 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.

    read more

    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.

    read more
    • 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

    read more
    • Salary - Bad
    • +4 more
    see more salary related reviews

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    Bank of America Associate Salary FAQs

    What is the salary of Associate at Bank of America ?
    The average salary of a Associate at Bank of America in India typically ranges from ₹8.5 Lakhs to ₹32.3 Lakhs per year, depending on experience (from 2 years to 10 years).

    The top 10% of Associate at Bank of America earn more than ₹42.2 Lakhs per year, and the top 1% earn over ₹58.2 Lakhs per year. Associate 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 100+ Bank of America employees in India.
    What is the estimated take home salary of a Associate at Bank of America in India?
    The estimated take-home salary of a Associate at Bank of America in India typically ranges from ₹1,33,846 to ₹1,38,761 per month. This is based on the average salary range of ₹8.5 Lakhs to ₹32.3 Lakhs per year for employees with experience ranging from 2 years to 10 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 100+ 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 Associate at Bank of America ?
    To be a Associate at Bank of America in india, the key skills required include:

    • - Risk Management
    • - Asset Management
    • - Business Services
    • - Analytical
    • - Monitoring

    These skills are highly valued at Bank of America and are crucial for successful performance in a Software Engineering role.
    Which companies offer higher salaries than Bank of America for Associate in India?
    Chase Bank ₹17.0 Lakhs to ₹38.0 Lakhs per year
    ANZ Banking Group ₹11.8 Lakhs to ₹37.0 Lakhs per year

    These companies are known for offering competitive compensation packages that can exceed the salary offered by Bank of America, depending on the role and experience level.
    What is the salary of a Associate in companies similar to Bank of America in India?
    The salary of a Associate at companies similar to Bank of America in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

    Deutsche Bank ₹9.0 Lakhs to ₹34.0 Lakhs per year
    DBS Technology Services ₹9.7 Lakhs to ₹25.0 Lakhs per year
    NatWest Group ₹7.2 Lakhs to ₹24.0 Lakhs per year
    NatWest Markets ₹7.3 Lakhs to ₹31.0 Lakhs per year
    Standard Chartered ₹7.7 Lakhs to ₹30.0 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 Associate at Bank of America in India?
    The salary growth for a Associate at Bank of America depends on factors such as experience, performance, and promotions. On average, a Associate can expect the following growth trajectory at Bank of America:

    Experience Average Salary Range
    2 years ₹3.5 Lakhs to ₹11.1 Lakhs per year
    3 years ₹4.6 Lakhs to ₹20.6 Lakhs per year
    4 years ₹5.8 Lakhs to ₹20.0 Lakhs per year
    5 years ₹7.0 Lakhs to ₹31.4 Lakhs per year
    and so on.

    Tell us how to improve this page.

    Bank of America Associate salary in India ranges between ₹8.5 Lakhs to ₹32.3 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 142 Bank of America latest salaries received from various employees of Bank of America.