Bank of America Mumbai Associate Salaries by 50+ Employees (Updated 2025)

2 - 10 years exp.

₹12.3 Lakhs - ₹47 Lakhs

Salary of majority employees

Fixed (100%)

₹27.7 Lakhs

Variable (0%)

₹0.0

248% more than the average Associate Salary in Banking Companies for 2 - 10 years of experience

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Salaries in different departments

Data Science & Analytics Associate Salary 6 - 9 years exp. (12 salaries)	₹22.6 L/yr - ₹61 L/yr
Finance & Accounting Associate Salary 2 - 10 years exp. (12 salaries)	₹15 L/yr - ₹44 L/yr
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BFSI, Investments & Trading Associate Salary 5 - 10 years exp. (10 salaries)	₹16.7 L/yr - ₹38.5 L/yr
Risk Management & Compliance Associate Salary 3 - 8 years exp. (3 salaries)	₹13.4 L/yr - ₹36 L/yr
Customer Success, Service & Operations Associate Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹12.1 L/yr - ₹35.9 L/yr

View all

Last Updated: 20 Mar 2025

Companies similar to Bank of America for Associate in Mumbai

Bank of America Associate Salary

2 - 10 years exp. (55 salaries)

₹12.3 L/yr - ₹47 L/yr

Company name	Avg Annual Salary	Open Jobs
Deutsche Bank Associate Salary 2 - 15 years exp. (1k salaries)	₹10 L/yr - ₹33 L/yr 26% less	35 job openings
IDFC FIRST Bank Associate Salary 0 - 8 years exp. (324 salaries)	₹1.6 L/yr - ₹4.9 L/yr 89% less
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NatWest Group Associate Salary 4 - 12 years exp. (58 salaries)	₹11.7 L/yr - ₹34.5 L/yr 30% less
Standard Chartered Associate Salary 1 - 13 years exp. (56 salaries)	₹10 L/yr - ₹35 L/yr 27% less
State Street Bank Associate Salary 0 - 6 years exp. (33 salaries)	₹2.4 L/yr - ₹3.8 L/yr 87% less
ICICI Bank Associate Salary 0 - 5 years exp. (25 salaries)	₹1.4 L/yr - ₹5.1 L/yr 90% less
State Bank of India Associate Salary 1 - 7 years exp. (25 salaries)	₹3 L/yr - ₹8.6 L/yr 75% less
HDFC Bank Associate Salary 0 - 6 years exp. (21 salaries)	₹1.9 L/yr - ₹7.8 L/yr 89% less
Barclays Associate Salary 2 - 8 years exp. (13 salaries)	₹6.6 L/yr - ₹23 L/yr 41% less
Yes Bank Associate Salary 1 - 8 years exp. (10 salaries)	₹2.5 L/yr - ₹4.9 L/yr 87% less
Federal Bank Associate Salary 1 - 4 years exp. (8 salaries)	₹5 L/yr - ₹8 L/yr 76% less
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IndusInd Bank Associate Salary 2 - 6 years exp. (4 salaries)	₹3 L/yr - ₹3.5 L/yr 89% less
HSBC Bank Associate Salary 2 - 7 years exp. (4 salaries)	₹3.2 L/yr - ₹5.9 L/yr 82% less
RBL Bank Associate Salary 2 - 6 years exp. (3 salaries)	₹2 L/yr - ₹3.3 L/yr 89% less
HSBC Global Banking and Markets Associate Salary 5 - 7 years exp. (3 salaries)	₹8.6 L/yr - ₹17.3 L/yr 56% less
ANZ Banking Group Associate Salary 6 - 12 years exp. (4 salaries)	₹15 L/yr - ₹37 L/yr 8% less

Associate salary at Bank of America ranges between ₹12.3 Lakhs to ₹47 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 55 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Associate salaries in Mumbai

Last Updated: 20 Mar 2025

Experience	Avg Annual Salary
2 years (3 salaries)	₹6.3 L/yr - ₹28.4 L/yr
3 years (3 salaries)	₹7.5 L/yr - ₹33.8 L/yr
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4 years (AmbitionBox Estimate)	₹15 L/yr - ₹39.1 L/yr
5 years (4 salaries)	₹9.9 L/yr - ₹44 L/yr
6 years (12 salaries)	₹14 L/yr - ₹49.1 L/yr
7 years (9 salaries)	₹23 L/yr - ₹53 L/yr
8 years (10 salaries)	₹22.6 L/yr - ₹48 L/yr
9 years (8 salaries)	₹22.6 L/yr - ₹42.6 L/yr
10 years (5 salaries)	₹29.5 L/yr - ₹44 L/yr

View all

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.

91% hike

Vice President 14 - 25 years exp.

67% 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.

Similar Designation salaries in Bank of America

Team Lead Salary

(198 salaries)

₹5.5 L/yr - ₹15 L/yr

Technical Lead Salary

(8 salaries)

₹23.1 L/yr - ₹39 L/yr

Senior Engineer Salary

(3 salaries)

₹2.74 L/yr - ₹17.07 L/yr

Senior Associate Salary

(3 salaries)

₹4.5 L/yr - ₹5.2 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

3.0

Rated by 7 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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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Bank of America Associate Salary FAQs

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

The average salary of a Associate at Bank of America in Mumbai typically ranges from ₹12.3 Lakhs to ₹47.0 Lakhs per year, depending on experience (from 2 years to 10 years).

The top 10% of Associate in Mumbai at Bank of America earn more than ₹44.0 Lakhs per year, and the top 1% earn over ₹60.6 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 50+ Bank of America employees in India.

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

The estimated take-home salary of a Associate at Bank of America in Mumbai typically ranges from ₹1,72,752 to ₹1,79,427 per month. This is based on the average salary range of ₹12.3 Lakhs to ₹47.0 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 50+ 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 Mumbai?

To be a Associate at Bank of America in Mumbai, 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 Mumbai?

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

ANZ Banking Group	₹15.0 Lakhs to ₹37.0 Lakhs per year
Deutsche Bank	₹10.0 Lakhs to ₹33.0 Lakhs per year
Standard Chartered	₹10.0 Lakhs to ₹35.0 Lakhs per year
NatWest Group	₹11.7 Lakhs to ₹34.5 Lakhs per year
Barclays	₹6.6 Lakhs to ₹23.0 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 Mumbai?

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

Experience	Average Salary Range
2 years	₹6.3 Lakhs to ₹28.4 Lakhs per year
3 years	₹7.5 Lakhs to ₹33.8 Lakhs per year
4 years	₹15.0 Lakhs to ₹39.1 Lakhs per year
5 years	₹9.9 Lakhs to ₹44.0 Lakhs per year

and so on.

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Bank of America Associate Salaries in Mumbai

Bank of America Associate salary in Mumbai ranges between ₹12.3 Lakhs to ₹47 Lakhs with an average annual salary of ₹. Salary estimates are based on 55 Bank of America latest salaries received from various employees of Bank of America.