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

2 - 10 years exp.

₹14.8 Lakhs - ₹44 Lakhs

Salary of majority employees

209% 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. (12 salaries)	₹12.7 L/yr - ₹40 L/yr
Data Science & Analytics Associate Salary 5 - 9 years exp. (11 salaries)	₹22.6 L/yr - ₹61 L/yr
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BFSI, Investments & Trading Associate Salary 5 - 10 years exp. (10 salaries)	₹17.6 L/yr - ₹38.5 L/yr
Risk Management & Compliance Associate Salary 3 - 8 years exp. (3 salaries)	₹11.1 L/yr - ₹36 L/yr
Customer Success, Service & Operations Associate Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹9 L/yr - ₹29.4 L/yr

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Last Updated: 17 Feb 2025

Companies similar to Bank of America for Associate in Mumbai

Bank of America Associate Salary

2 - 10 years exp. (53 salaries)

₹14.8 L/yr - ₹44 L/yr

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Associate Salary 1 - 17 years exp. (3k salaries)	₹10 L/yr - ₹35.5 L/yr 13% less	62 job openings
HSBC Group Associate Salary 1 - 10 years exp. (13 salaries)	₹8.3 L/yr - ₹16.9 L/yr 55% less
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Barclays Associate Salary 2 - 8 years exp. (12 salaries)	₹7.2 L/yr - ₹23 L/yr 30% less
Standard Chartered Associate Salary 1 - 13 years exp. (59 salaries)	₹10.1 L/yr - ₹34.6 L/yr 18% less
Deutsche Bank Associate Salary 2 - 15 years exp. (1k salaries)	₹9.9 L/yr - ₹33 L/yr 18% less	33 job openings
Goldman Sachs Associate Salary 2 - 9 years exp. (43 salaries)	₹6 L/yr - ₹16.4 L/yr 43% less	23 job openings
Morgan Stanley Associate Salary 0 - 13 years exp. (2.1k salaries)	₹5 L/yr - ₹20.1 L/yr 52% less	1 job opening
UBS Associate Salary 1 - 10 years exp. (32 salaries)	₹6.7 L/yr - ₹25.7 L/yr 42% less
IDFC FIRST Bank Associate Salary 0 - 8 years exp. (327 salaries)	₹1.6 L/yr - ₹5.5 L/yr 87% less
NatWest Group Associate Salary 4 - 12 years exp. (57 salaries)	₹9.1 L/yr - ₹34.5 L/yr 21% less
State Bank of India Associate Salary 1 - 8 years exp. (27 salaries)	₹3 L/yr - ₹8.6 L/yr 72% less
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ICICI Bank Associate Salary 0 - 5 years exp. (26 salaries)	₹1.4 L/yr - ₹4.9 L/yr 88% less
HDFC Bank Associate Salary 0 - 6 years exp. (21 salaries)	₹1.9 L/yr - ₹7.8 L/yr 87% less
Yes Bank Associate Salary 1 - 8 years exp. (9 salaries)	₹2.5 L/yr - ₹4.9 L/yr 86% less
Federal Bank Associate Salary 1 - 4 years exp. (8 salaries)	₹5 L/yr - ₹8 L/yr 73% less
IndusInd Bank Associate Salary 2 - 8 years exp. (5 salaries)	₹2.3 L/yr - ₹3.7 L/yr 87% less
RBL Bank Associate Salary 2 - 6 years exp. (3 salaries)	₹2 L/yr - ₹3.3 L/yr 88% less

Associate salary at Bank of America ranges between ₹14.8 Lakhs to ₹44 Lakhs per year for employees with experience between 2 years to 10 years. Salary estimates are based on 53 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Associate salaries in Mumbai

Last Updated: 17 Feb 2025

Experience	Avg Annual Salary
2 years (3 salaries)	₹5.9 L/yr - ₹26.6 L/yr
3 years (3 salaries)	₹6.9 L/yr - ₹31.2 L/yr
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4 years (AmbitionBox Estimate)	₹15 L/yr - ₹35.8 L/yr
5 years (5 salaries)	₹9 L/yr - ₹40.4 L/yr
6 years (10 salaries)	₹11 L/yr - ₹44 L/yr
7 years (8 salaries)	₹23 L/yr - ₹48.2 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

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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.

Similar Designation salaries in Bank of America

Team Lead Salary

(192 salaries)

₹5.5 L/yr - ₹15 L/yr

Technical Lead Salary

(9 salaries)

₹23.1 L/yr - ₹40 L/yr

Senior Engineer Salary

(3 salaries)

₹2.89 L/yr - ₹17.14 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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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 Mumbai?

Associate salary at Bank of America in Mumbai ranges between ₹14.8 Lakhs to ₹44.0 Lakhs for experience between 2 years to 10 years. According to our estimates it is 209% more than the average Associate Salary in India. Salary estimates are based on 53 latest salaries received from various employees of Bank of America Mumbai.

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

The average salary of a Associate at Bank of America is 209% more than the average salary of a Associate in Mumbai. 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 Mumbai.

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

JPMorgan Chase & Co. Associate Salary - ₹10.0 Lakhs to ₹35.5 Lakhs per year
Deutsche Bank Associate Salary - ₹9.9 Lakhs to ₹33.0 Lakhs per year
Standard Chartered Associate Salary - ₹10.1 Lakhs to ₹34.6 Lakhs per year
NatWest Group Associate Salary - ₹9.1 Lakhs to ₹34.5 Lakhs per year
Barclays Associate Salary - ₹7.2 Lakhs to ₹23.0 Lakhs per year

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 ranges between ₹1,58,374 per month to ₹1,64,398 per month in Mumbai. The take-home salary calculation is based on the average Bank of America Associate salary in India which ranges between ₹14.8 Lakhs to ₹44.0 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 in Mumbai?

According to AmbitionBox, 74% of the Bank of America Associates in Mumbai reported a notice period of 2 Months, 15% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 35 responses on AmbitionBox in last 2 years.

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Bank of America Associate Salaries in Mumbai

Bank of America Associate salary in Mumbai ranges between ₹14.8 Lakhs to ₹44 Lakhs with an average annual salary of ₹. Salary estimates are based on 53 Bank of America latest salaries received from various employees of Bank of America.