Bank of America Business Analyst Salaries by 90+ Employees (Updated 2025)

2 - 12 years exp.

₹6.9 Lakhs - ₹27.6 Lakhs

Salary of majority employees

59% more than the average Business Analyst Salary in Banking Companies for 2 - 12 years of experience

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Salaries in different departments

Data Science & Analytics Business Analyst Salary 2 - 12 years exp. (33 salaries)	₹8.1 L/yr - ₹27 L/yr
BFSI, Investments & Trading Business Analyst Salary 3 - 11 years exp. (14 salaries)	₹6.3 L/yr - ₹27 L/yr
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Engineering - Software & QA Business Analyst Salary 5 - 12 years exp. (12 salaries)	₹10 L/yr - ₹20.4 L/yr
Project & Program Management Business Analyst Salary 4 - 11 years exp. (6 salaries)	₹12 L/yr - ₹28 L/yr
Marketing & Communication Business Analyst Salary 6 - 9 years exp. (4 salaries)	₹9.4 L/yr - ₹17.5 L/yr

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Last Updated: 18 Mar 2025

Companies similar to Bank of America for Business Analyst

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Business Analyst Salary 1 - 14 years exp. (579 salaries)	₹7.2 L/yr - ₹28.9 L/yr 3% more
HSBC Group Business Analyst Salary 1 - 14 years exp. (416 salaries)	₹8 L/yr - ₹30 L/yr 19% more
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Barclays Business Analyst Salary 0 - 14 years exp. (652 salaries)	₹8 L/yr - ₹30.7 L/yr 10% more
Standard Chartered Business Analyst Salary 4 - 15 years exp. (365 salaries)	₹8.8 L/yr - ₹34.6 L/yr 24% more
Deutsche Bank Business Analyst Salary 1 - 15 years exp. (177 salaries)	₹7 L/yr - ₹25.3 L/yr 9% less	4 job openings
Wells Fargo Business Analyst Salary 2 - 15 years exp. (236 salaries)	₹6.5 L/yr - ₹25.3 L/yr 9% less
Goldman Sachs Business Analyst Salary 1 - 6 years exp. (48 salaries)	₹4.9 L/yr - ₹21.3 L/yr 22% less
Morgan Stanley Business Analyst Salary 1 - 12 years exp. (125 salaries)	₹6.1 L/yr - ₹22.3 L/yr 16% less
ICICI Bank Business Analyst Salary 0 - 12 years exp. (951 salaries)	₹4 L/yr - ₹15.2 L/yr 41% less
HDFC Bank Business Analyst Salary 0 - 13 years exp. (794 salaries)	₹4.5 L/yr - ₹19 L/yr 32% less	4 job openings
UBS Business Analyst Salary 1 - 14 years exp. (485 salaries)	₹8 L/yr - ₹30 L/yr 19% more
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NatWest Group Business Analyst Salary 3 - 17 years exp. (217 salaries)	₹8.5 L/yr - ₹25.8 L/yr 10% more
IndusInd Bank Business Analyst Salary 2 - 13 years exp. (181 salaries)	₹3.8 L/yr - ₹15 L/yr 44% less
IDFC FIRST Bank Business Analyst Salary 2 - 10 years exp. (186 salaries)	₹5.7 L/yr - ₹23 L/yr 17% less
Yes Bank Business Analyst Salary 1 - 11 years exp. (136 salaries)	₹3.5 L/yr - ₹14.3 L/yr 46% less
HSBC Electronic Data Processing Business Analyst Salary 1 - 12 years exp. (82 salaries)	₹5.3 L/yr - ₹20.3 L/yr 18% less
RBL Bank Business Analyst Salary 1 - 7 years exp. (85 salaries)	₹4 L/yr - ₹14.6 L/yr 45% less	1 job opening
Ujjivan Small Finance Bank Business Analyst Salary 1 - 9 years exp. (78 salaries)	₹6.3 L/yr - ₹19.8 L/yr 25% less
AU Small Finance Bank Business Analyst Salary 1 - 9 years exp. (77 salaries)	₹4 L/yr - ₹16.6 L/yr 37% less	2 job openings
ANZ Banking Group Business Analyst Salary 3 - 15 years exp. (57 salaries)	₹11 L/yr - ₹29.7 L/yr 9% more	1 job opening

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Business Analyst salary at Bank of America ranges between ₹6.9 Lakhs to ₹27.6 Lakhs per year for employees with experience between 2 years to 12 years. Salary estimates are based on 97 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Business Analyst salaries

Last Updated: 18 Mar 2025

Experience	Avg Annual Salary
2 years (6 salaries)	₹5.5 L/yr - ₹10.5 L/yr
3 years (5 salaries)	₹5.6 L/yr - ₹18.7 L/yr
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4 years (8 salaries)	₹5.5 L/yr - ₹20 L/yr
5 years (11 salaries)	₹9 L/yr - ₹20 L/yr
6 years (13 salaries)	₹8.9 L/yr - ₹25.2 L/yr
7 years (11 salaries)	₹9.1 L/yr - ₹24.3 L/yr
8 years (14 salaries)	₹10 L/yr - ₹24.3 L/yr
9 years (6 salaries)	₹11.1 L/yr - ₹22.9 L/yr
10 years (6 salaries)	₹13 L/yr - ₹27 L/yr
11 years (7 salaries)	₹13.4 L/yr - ₹28 L/yr
12 years (10 salaries)	₹14 L/yr - ₹31.4 L/yr

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Salary related reviews for Bank of America

2.9

Rated by 8 employees for salary & benefits

Assistant Vice President in Chennai

Full Time

Engineering - Software & QA Department

1.0

• posted on 04 Oct 2024

5.0

for Salary and Benefits

Likes

Organization is beautifully structured ,salary wise and other benefits are very good

Salary - Excellent

Dislikes

Management is damn worst and they literally torcher without listening the issues from employees ,for new entry mid level seniors it's very very tough to survive...lots of politics and tech stack wise is very old we work

Skill development - Bad

+4 more

Assistant Vice President in Chennai

Full Time

Data Science & Analytics Department

4.0

• posted on 18 Aug 2023

4.0

for Salary and Benefits

Likes

Good Salary, work life balance.

Salary - Good

+4 more

Dislikes

Local management . Other than delivery there are many things to contribute. Local managers dont care about business and delivery. parallel leadership in india is killing the company. too many meetings without any use. Cab facilities are worst. No proper parking facilities. Heavy rush in small cafetarias.local management talk more about innovation but dont care about basic neccessities.All are puppets of senior managers(dont prefer to call them leaders)

Analyst in Gurgaon / Gurugram

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 07 May 2023

3.0

for Salary and Benefits

Likes

The pay is on time, reimbursements are not a problem. Lot of free time and not much stress over deadlines.

Job security - Excellent

+1 more

Dislikes

No deadline stress means no motivation to at all complete work. No promotions, you could possibly retire without a promotion, I seem to be on that journey right now. Also, any harassment complaints fall on deaf ears, even if you are a female employee..the harasser will just be moved to a different department.

Skill development - Poor

+2 more

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.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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Bank of America Business Analyst Salary FAQs

What is the salary of Business Analyst at Bank of America ?

The average salary of a Business Analyst at Bank of America in India typically ranges from ₹6.9 Lakhs to ₹27.6 Lakhs per year, depending on experience (from 2 years to 12 years).

The top 10% of Business Analyst at Bank of America earn more than ₹23.8 Lakhs per year, and the top 1% earn over ₹32.1 Lakhs per year. Business Analyst 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 90+ Bank of America employees in India.

What is the estimated take home salary of a Business Analyst at Bank of America in India?

The estimated take-home salary of a Business Analyst at Bank of America in India typically ranges from ₹1,07,087 to ₹1,10,037 per month. This is based on the average salary range of ₹6.9 Lakhs to ₹27.6 Lakhs per year for employees with experience ranging from 2 years to 12 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 90+ salaries received from various employees of Bank of America. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Bank of America for Business Analyst in India?

Standard Chartered	₹8.8 Lakhs to ₹34.6 Lakhs per year
UBS	₹8.0 Lakhs to ₹30.0 Lakhs per year
HSBC Group	₹8.0 Lakhs to ₹30.0 Lakhs per year
IDBI Bank	₹12.0 Lakhs to ₹22.0 Lakhs per year
NatWest Group	₹8.5 Lakhs to ₹25.8 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 Business Analyst in companies similar to Bank of America in India?

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

Barclays	₹8.0 Lakhs to ₹30.7 Lakhs per year
ANZ Banking Group	₹11.0 Lakhs to ₹29.7 Lakhs per year
JPMorgan Chase & Co.	₹7.2 Lakhs to ₹28.9 Lakhs per year
State Bank of India	₹6.0 Lakhs to ₹25.6 Lakhs per year
Deutsche Bank	₹7.0 Lakhs to ₹25.3 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 Business Analyst at Bank of America in India?

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

Experience	Average Salary Range
2 years	₹5.5 Lakhs to ₹10.5 Lakhs per year
3 years	₹5.6 Lakhs to ₹18.7 Lakhs per year
4 years	₹5.5 Lakhs to ₹20.0 Lakhs per year
5 years	₹9.0 Lakhs to ₹20.0 Lakhs per year

and so on.

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Bank of America Business Analyst Salaries

Bank of America Business Analyst salary in India ranges between ₹6.9 Lakhs to ₹27.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 97 Bank of America latest salaries received from various employees of Bank of America.