Bank of America Associate Salaries by 100+ Employees (Updated 2025)

2 - 10 years exp.

₹10.4 Lakhs - ₹30.8 Lakhs

Salary of majority employees

173% 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)	₹8.3 L/yr - ₹28.7 L/yr
BFSI, Investments & Trading Associate Salary 2 - 10 years exp. (25 salaries)	₹13.2 L/yr - ₹41.2 L/yr
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Data Science & Analytics Associate Salary 5 - 10 years exp. (20 salaries)	₹22.6 L/yr - ₹51.3 L/yr
Risk Management & Compliance Associate Salary 2 - 8 years exp. (10 salaries)	₹6.6 L/yr - ₹27.1 L/yr
Customer Success, Service & Operations Associate Salary 2 - 6 years exp. (9 salaries)	₹4.6 L/yr - ₹25 L/yr

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Last Updated: 1 Mar 2025

Companies similar to Bank of America for Associate

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Associate Salary 1 - 17 years exp. (10.2k salaries)	₹10 L/yr - ₹42 L/yr 16% more	57 job openings
HSBC Group Associate Salary 1 - 10 years exp. (357 salaries)	₹7.1 L/yr - ₹18 L/yr 51% less
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Barclays Associate Salary 2 - 10 years exp. (61 salaries)	₹6.5 L/yr - ₹26.7 L/yr 21% less
Standard Chartered Associate Salary 1 - 13 years exp. (141 salaries)	₹7.7 L/yr - ₹30 L/yr 10% less
Deutsche Bank Associate Salary 2 - 15 years exp. (4.8k salaries)	₹8.9 L/yr - ₹34 L/yr 4% less	30 job openings
Goldman Sachs Associate Salary 1 - 9 years exp. (2.3k salaries)	₹10.7 L/yr - ₹41.6 L/yr 19% more	27 job openings
Morgan Stanley Associate Salary 0 - 12 years exp. (3.1k salaries)	₹5.2 L/yr - ₹20 L/yr 42% less	1 job opening
UBS Associate Salary 1 - 10 years exp. (117 salaries)	₹6.5 L/yr - ₹20.6 L/yr 37% less
IDFC FIRST Bank Associate Salary 0 - 7 years exp. (639 salaries)	₹1.6 L/yr - ₹5.5 L/yr 85% less
NatWest Group Associate Salary 3 - 13 years exp. (469 salaries)	₹7.9 L/yr - ₹24 L/yr 12% less

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Associate salary at Bank of America ranges between ₹10.4 Lakhs to ₹30.8 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 139 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Associate salaries

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
2 years (17 salaries)	₹4.2 L/yr - ₹11.1 L/yr
3 years (18 salaries)	₹5.2 L/yr - ₹23.3 L/yr
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4 years (11 salaries)	₹6.2 L/yr - ₹27.9 L/yr
5 years (14 salaries)	₹7.2 L/yr - ₹32.5 L/yr
6 years (15 salaries)	₹8.2 L/yr - ₹37.1 L/yr
7 years (18 salaries)	₹10.8 L/yr - ₹39.9 L/yr
8 years (20 salaries)	₹14.3 L/yr - ₹45.4 L/yr
9 years (14 salaries)	₹15 L/yr - ₹47 L/yr
10 years (12 salaries)	₹26 L/yr - ₹49.5 L/yr

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From

Associate

₹

Lakhs/yr

2 - 10 years exp.

Vice President

₹

Lakhs/yr

14 - 25 years exp.

Associate 2 - 10 years exp.

Assistant Vice President 10 - 21 years exp.

89% hike

Vice President 14 - 25 years exp.

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

Associate in Gurgaon / Gurugram

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.

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.

Software Developer in Chennai

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

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.

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

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Bank of America Associate Salary FAQs

What is the salary of Associate at Bank of America?

Associate salary at Bank of America in India ranges between ₹10.4 Lakhs to ₹30.8 Lakhs for experience between 2 years to 10 years. According to our estimates it is 173% more than the average Associate Salary in India. Salary estimates are based on 139 latest salaries received from various employees of Bank of America India.

How does the salary of a Associate at Bank of America India compare with the average salary range for this job?

The average salary of a Associate at Bank of America is 173% more than the average salary of a Associate in India. To know exact salary insights, login to view.

What are the top skills required to work as a Associate at Bank of America?

Risk Management, Asset Management, Business Services, Analytical and Monitoring are some of the popular skills required to work as a Associate at Bank of America India.

Which similar companies are paying more than Bank of America to a Associate in India?

Goldman Sachs Associate Salary - ₹10.7 Lakhs to ₹41.6 Lakhs per year
JPMorgan Chase & Co. Associate Salary - ₹10.0 Lakhs to ₹42.0 Lakhs per year

What is the salary of a Associate in companies similar to Bank of America in India?

Deutsche Bank Associate Salary - ₹8.9 Lakhs to ₹34.0 Lakhs per year
Standard Chartered Associate Salary - ₹7.7 Lakhs to ₹30.0 Lakhs per year
NatWest Group Associate Salary - ₹7.9 Lakhs to ₹24.0 Lakhs per year
Barclays Associate Salary - ₹6.5 Lakhs to ₹26.7 Lakhs per year
ANZ Banking Group Associate Salary - ₹4.4 Lakhs to ₹27.8 Lakhs per year

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 ranges between ₹1,34,899 per month to ₹1,39,862 per month in India. The take-home salary calculation is based on the average Bank of America Associate salary in India which ranges between ₹10.4 Lakhs to ₹30.8 Lakhs per year for employees with experience between 2 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Associate at Bank of America?

According to AmbitionBox, 64% of the Bank of America Associates reported a notice period of 2 Months, 17% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 106 responses on AmbitionBox in last 2 years.

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Bank of America Associate Salaries

Bank of America Associate salary in India ranges between ₹10.4 Lakhs to ₹30.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 139 Bank of America latest salaries received from various employees of Bank of America.