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Bank of America

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4.2

based on 3.1k Reviews

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Bank of America Salaries in Chennai (Updated 2025)

based on 3k latest salaries
Explore Salaries by Departments
Engineering - Software & QA IT & Information Security Project & Program Management Data Science & Analytics + 6 more
Designation Avg Annual Salary Open Jobs

Lead Quality Specialist

7 - 8 years exp. · Chennai (AmbitionBox Estimate)
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₹16.2 L/yr - ₹20.7 L/yr

Production Support Analyst

4 - 5 years exp. · Chennai (AmbitionBox Estimate)
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₹8 L/yr - ₹11.9 L/yr

Bank Reconciliation Executive

1 - 2 years exp. · Chennai (AmbitionBox Estimate)
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₹1.4 L/yr - ₹1.7 L/yr

Data Analyst 2

9 - 10 years exp. · Chennai (AmbitionBox Estimate)
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₹13.1 L/yr - ₹16.8 L/yr

DevOps Engineer 2

11 - 12 years exp. · Chennai (AmbitionBox Estimate)
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₹22 L/yr - ₹28.1 L/yr

Mainframe Lead

10 years exp. · Chennai (AmbitionBox Estimate)
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₹18.9 L/yr - ₹24.2 L/yr

Mainframe Software Engineer

12 - 14 years exp. · Chennai (AmbitionBox Estimate)
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₹15.6 L/yr - ₹20 L/yr

Performance Testing Team Lead

7 - 8 years exp. · Chennai (AmbitionBox Estimate)
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₹15.7 L/yr - ₹20.1 L/yr

Process Associate L1

4 - 5 years exp. · Chennai (AmbitionBox Estimate)
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₹1.8 L/yr - ₹2.3 L/yr

Python and Django Developer

3 - 4 years exp. · Chennai (AmbitionBox Estimate)
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₹6.5 L/yr - ₹8.3 L/yr

Quality Assurance Engineer 2

7 - 9 years exp. · Chennai (AmbitionBox Estimate)
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₹14.9 L/yr - ₹19 L/yr

Senior Apps Programmer Analyst

8 - 9 years exp. · Chennai (AmbitionBox Estimate)
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₹19.5 L/yr - ₹22 L/yr

Senior DevOps and Cloud Engineer

12 - 13 years exp. · Chennai (AmbitionBox Estimate)
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₹18 L/yr - ₹23 L/yr

Senior Java Software Engineer

11 - 12 years exp. · Chennai (AmbitionBox Estimate)
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₹35.2 L/yr - ₹45 L/yr

Senior Operations Team Lead

2 years exp. · Chennai (AmbitionBox Estimate)
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₹5.8 L/yr - ₹7.4 L/yr

Senior Quality Assurance Engineer 2

10 - 11 years exp. · Chennai (AmbitionBox Estimate)
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₹18.8 L/yr - ₹24 L/yr

Senior Software Engineer and Lead

7 - 8 years exp. · Chennai (AmbitionBox Estimate)
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₹11.8 L/yr - ₹15 L/yr

Senior Software Engineer L2

4 - 5 years exp. · Chennai (AmbitionBox Estimate)
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₹11.3 L/yr - ₹14.4 L/yr

Senior Software Engineer Production Support

4 - 5 years exp. · Chennai (AmbitionBox Estimate)
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₹8.1 L/yr - ₹10.4 L/yr

Software Quality Engineer 2

8 - 9 years exp. · Chennai (AmbitionBox Estimate)
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₹13.5 L/yr - ₹17.2 L/yr

Last Updated: 3 Apr, 2025

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Salary Discussions, Hike & Promotions
2w (edited)
peacemaker
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works at
Georgia-Pacific
New offer. Confused.
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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Salary related reviews for Bank of America

4.1

Rated by 353 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

read more
  • 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

read more
  • Skill development - Bad
    • +4 more

Lead Operations Representative in Chennai

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 19 May 2024
3.0
 for  Salary and Benefits

Likes

The bank conducts so may learning sessions to enrich our knowledge. Some interesting events once a month.

  • Skill development - Excellent
    • +2 more

Dislikes

...ter 6 years. No work life balance. No compensatory off for working on a holiday. No compensation for working beyond office hours.

read more
  • Promotions - Poor

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

read more
  • 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.

read 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)

read more

Officer, Software Engineer 2B in Chennai

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 25 Jan 2025
4.0
 for  Salary and Benefits

Likes

All good with work life balance and salary increments

  • Salary - Good
    • +6 more

Dislikes

...tion excellence ideas and hike will link with this innovative ideas related and pure work based means will get less salary hike

read more
see more salary related reviews

Bank of America interview questions by designations

Software Engineer (18)Software Developer (17)Team Member (16)Team Developer (9)
View all 208 interview experiences

Know more about Bank of America Chennai

More about working at Bank of America

Bank of America Salary FAQs

How much does Bank of America pay to its employees?
The average annual salary at Bank of America varies depending on the role, experience, and location. The salary ranges for some popular designations at Bank of America, are as follows:

Lead Quality Specialist ₹16.2 Lakhs to ₹20.7 Lakhs per year
Production Support Analyst ₹8 Lakhs to ₹11.9 Lakhs per year
Bank Reconciliation Executive ₹1.4 Lakhs to ₹1.7 Lakhs per year
Data Analyst 2 ₹13.1 Lakhs to ₹16.8 Lakhs per year

The highest-paying role, Senior Vice President, earns between ₹75 Lakhs to ₹1 Crore per year. The top 10% of employees earn more than ₹30 Lakhs per year, and the top 1% earn over ₹60 Lakhs per year. 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 salary estimates are based on data from 3k salaries submitted by Bank of America employees. Bank of America is rated 4.1 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at Bank of America in Chennai?
The salary of a fresher at Bank of America in Chennai typically ranges from ₹3 Lakhs to ₹25 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Team Member Salary ₹3 Lakhs to ₹4.5 Lakhs per year
Fresher as a Team Lead Salary ₹7.5 Lakhs to ₹14 Lakhs per year
Fresher as a Senior Technical Associate Salary ₹6 Lakhs to ₹13.2 Lakhs per year
Fresher as a Software Developer Salary ₹6 Lakhs to ₹10 Lakhs per year

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Average annual salary in Bank of America , Chennai is INRunlock blur . Salary estimates are based on 3000+ Bank of America latest salaries received from various employees of Bank of America.

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