Bank of America Chennai Associate Salaries by 7 Employees (Updated 2025)

2 - 8 years exp.

₹11.3 Lakhs - ₹29.6 Lakhs

Avg. annual salary

Monthly In-hand Salary

196% more than the average Associate Salary in Banking Companies for 2 - 8 years of experience

Interested in this particular role?

Salaries in different departments

Engineering - Software & QA Associate Salary 6 - 7 years exp. (AmbitionBox Estimate)	₹8.9 L/yr - ₹27.1 L/yr
Finance & Accounting Associate Salary 3 - 5 years exp. (AmbitionBox Estimate)	₹8.7 L/yr - ₹27 L/yr
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Quality Assurance Associate Salary 7 years exp. (AmbitionBox Estimate)	₹15 L/yr - ₹27.2 L/yr
Risk Management & Compliance Associate Salary 8 years exp. (AmbitionBox Estimate)	₹7.1 L/yr - ₹25.3 L/yr

Last Updated: 13 Feb 2025

Companies similar to Bank of America for Associate in Chennai

Bank of America Associate Salary

2 - 8 years exp. (7 salaries)

₹11.3 L/yr - ₹29.6 L/yr

Company name	Avg Annual Salary	Open Jobs
NatWest Group Associate Salary 3 - 13 years exp. (55 salaries)	₹6.4 L/yr - ₹26.2 L/yr 22% less
NatWest Markets Associate Salary 6 - 12 years exp. (29 salaries)	₹8.1 L/yr - ₹19.8 L/yr 24% less
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State Street Bank Associate Salary 0 - 6 years exp. (13 salaries)	₹3 L/yr - ₹5 L/yr 81% less
Standard Chartered Associate Salary 2 - 11 years exp. (12 salaries)	₹6.5 L/yr - ₹19.4 L/yr 26% less
IndusInd Bank Associate Salary 2 - 7 years exp. (9 salaries)	₹1.9 L/yr - ₹5.9 L/yr 81% less	1 job opening
Federal Bank Associate Salary 0 - 3 years exp. (9 salaries)	₹5 L/yr - ₹8 L/yr 67% less
ICICI Bank Associate Salary 0 - 4 years exp. (8 salaries)	₹3 L/yr - ₹5 L/yr 84% less
HDFC Bank Associate Salary 0 - 5 years exp. (8 salaries)	₹1.8 L/yr - ₹8 L/yr 85% less
HSBC Electronic Data Processing Associate Salary 0 - 8 years exp. (7 salaries)	₹1.9 L/yr - ₹5 L/yr 79% less
Equitas Small Finance Bank Associate Salary 3 - 8 years exp. (5 salaries)	₹4 L/yr - ₹9.9 L/yr 65% less	4 job openings
State Bank of India Associate Salary 2 - 7 years exp. (5 salaries)	₹2.5 L/yr - ₹8 L/yr 68% less
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HSBC Bank Associate Salary 3 - 6 years exp. (5 salaries)	₹2.2 L/yr - ₹5.7 L/yr 76% less

Associate salary at Bank of America ranges between ₹11.3 Lakhs to ₹29.6 Lakhs per year for employees with experience between 2 years to 8 years. Salary estimates are based on 7 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Associate salaries in Chennai

Last Updated: 13 Feb 2025

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹10.2 L/yr - ₹13 L/yr
3 years (AmbitionBox Estimate)	₹12.3 L/yr - ₹15.7 L/yr
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4 years (AmbitionBox Estimate)	₹14.3 L/yr - ₹18.3 L/yr
5 years (AmbitionBox Estimate)	₹16.4 L/yr - ₹20.9 L/yr
6 years (AmbitionBox Estimate)	₹18.4 L/yr - ₹23.5 L/yr
7 years (AmbitionBox Estimate)	₹20.5 L/yr - ₹26.1 L/yr
8 years (AmbitionBox Estimate)	₹22.5 L/yr - ₹28.8 L/yr

View all

From

Associate

₹

Lakhs/yr

2 - 10 years exp.

Vice President

₹

Lakhs/yr

12 - 25 years exp.

Associate 2 - 10 years exp.

Assistant Vice President 10 - 21 years exp.

76% hike

Vice President 12 - 25 years exp.

59% 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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Senior Associate Salary

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₹3.65 L/yr - ₹5.4 L/yr

Top skills at Bank of America for Associate

Risk Management Asset Management Business Services Analytical Monitoring

Salary related reviews for Bank of America

5.0

Rated by 1 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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Top trending discussions

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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 Associate Salary FAQs

What is the salary of Associate at Bank of America in Chennai?

The average salary of a Associate at Bank of America in Chennai typically ranges from ₹11.3 Lakhs to ₹29.6 Lakhs per year, depending on experience (from 2 years to 8 years).

The top 10% of Associate in Chennai at Bank of America earn more than ₹16.0 Lakhs per year, and the top 1% earn over ₹16.3 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 7 Bank of America employees in India.

What is the estimated take home salary of a Associate at Bank of America in Chennai?

The estimated take-home salary of a Associate at Bank of America in Chennai typically ranges from ₹1,34,192 to ₹1,39,123 per month. This is based on the average salary range of ₹11.3 Lakhs to ₹29.6 Lakhs per year for employees with experience ranging from 2 years to 8 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 are the key skills required to be a Associate at Bank of America in Chennai?

To be a Associate at Bank of America in Chennai, 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.

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

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

NatWest Group	₹6.4 Lakhs to ₹26.2 Lakhs per year
NatWest Markets	₹8.1 Lakhs to ₹19.8 Lakhs per year
Standard Chartered	₹6.5 Lakhs to ₹19.4 Lakhs per year
Equitas Small Finance Bank	₹4.0 Lakhs to ₹9.9 Lakhs per year
Federal Bank	₹5.0 Lakhs to ₹8.0 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 Chennai?

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

Experience	Average Salary Range
2 years	₹10.2 Lakhs to ₹13.0 Lakhs per year
3 years	₹12.3 Lakhs to ₹15.7 Lakhs per year
4 years	₹14.3 Lakhs to ₹18.3 Lakhs per year
5 years	₹16.4 Lakhs to ₹20.9 Lakhs per year

and so on.

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Bank of America Associate Salaries in Chennai

Bank of America Associate salary in Chennai ranges between ₹11.3 Lakhs to ₹29.6 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.