Bank of America Engineering Manager Salaries by 4 Employees

13 - 18 years exp.

₹31.2 Lakhs - ₹45 Lakhs

Low Confidence

Salary of majority employees

9% less than the average Engineering Manager Salary in Banking Companies for 13 - 18 years of experience

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Last Updated: 13 Aug 2024

Companies similar to Bank of America for Engineering Manager

Company name	Avg Annual Salary	Open Jobs
IDFC FIRST Bank Engineering Manager Salary 12 - 14 years exp. (12 salaries)	₹35 L/yr - ₹65 L/yr 58% more
Barclays Engineering Manager Salary 6 - 18 years exp. (11 salaries)	₹17.1 L/yr - ₹47 L/yr At par
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Standard Chartered Engineering Manager Salary 12 - 15 years exp. (8 salaries)	₹31.2 L/yr - ₹79.3 L/yr 40% more
NatWest Group Engineering Manager Salary 11 - 16 years exp. (8 salaries)	₹29.6 L/yr - ₹45 L/yr 1% more
HDFC Bank Engineering Manager Salary 12 - 14 years exp. (5 salaries)	₹35 L/yr - ₹45 L/yr 18% more	1 job opening
ANZ Banking Group Engineering Manager Salary 11 - 18 years exp. (5 salaries)	₹23 L/yr - ₹50 L/yr 8% more
AU Small Finance Bank Engineering Manager Salary 1 - 11 years exp. (5 salaries)	₹4.4 L/yr - ₹35.9 L/yr 44% less
Deutsche Bank Engineering Manager Salary 10 - 20 years exp. (5 salaries)	₹37 L/yr - ₹52 L/yr 28% more	1 job opening

Engineering Manager salary at Bank of America ranges between ₹31.2 Lakhs to ₹45 Lakhs per year for employees with experience between 13 years to 18 years. Salary estimates are based on 4 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Engineering Manager salaries

Last Updated: 13 Aug 2024

Experience	Avg Annual Salary
13 years (AmbitionBox Estimate)	₹31.2 L/yr - ₹37 L/yr
14 years (AmbitionBox Estimate)	₹13.4 L/yr - ₹41 L/yr
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15+ years (AmbitionBox Estimate)	₹13.5 L/yr - ₹45 L/yr

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Salary related reviews for Bank of America

5.0

Rated by 1 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)

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.

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

Assistant Vice President in Singapore.

Customer Success, Service & Operations Department

5.0

• posted on 13 Oct 2022

5.0

for Salary and Benefits

Likes

-Nice Bank Culture -Great work life balance -Wide learning (self effort) -Market wise good salary and benefits are probably best in the industry.

Salary - Excellent

+4 more

Dislikes

-Sometime management trust unworthy mid/low level managers

Skill development - Poor

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a manager - business analyst

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 Engineering Manager Salary FAQs

What is the salary of Engineering Manager at Bank of America ?

The average salary of a Engineering Manager at Bank of America in India typically ranges from ₹31.2 Lakhs to ₹45.0 Lakhs per year, depending on experience (from 13 years to 18 years).

The top 10% of Engineering Manager at Bank of America earn more than ₹45.0 Lakhs per year, and the top 1% earn over ₹45.0 Lakhs per year. Engineering Manager 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 4 Bank of America employees in India.

What is the estimated take home salary of a Engineering Manager at Bank of America in India?

The estimated take-home salary of a Engineering Manager at Bank of America in India typically ranges from ₹2,04,168 to ₹2,12,262 per month. This is based on the average salary range of ₹31.2 Lakhs to ₹45.0 Lakhs per year for employees with experience ranging from 13 years to 18 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 4 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 Engineering Manager in India?

IDFC FIRST Bank	₹35.0 Lakhs to ₹65.0 Lakhs per year
Standard Chartered	₹31.2 Lakhs to ₹79.3 Lakhs per year
Deutsche Bank	₹37.0 Lakhs to ₹52.0 Lakhs per year
HDFC Bank	₹35.0 Lakhs to ₹45.0 Lakhs per year
ANZ Banking Group	₹23.0 Lakhs to ₹50.0 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 Engineering Manager in companies similar to Bank of America in India?

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

NatWest Group	₹29.6 Lakhs to ₹45.0 Lakhs per year
Barclays	₹17.1 Lakhs to ₹47.0 Lakhs per year
AU Small Finance Bank	₹4.4 Lakhs to ₹35.9 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 Engineering Manager at Bank of America in India?

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

Experience	Average Salary Range
13 years	₹31.2 Lakhs to ₹37.0 Lakhs per year
14 years	₹13.4 Lakhs to ₹41.0 Lakhs per year
15 years	₹13.5 Lakhs to ₹45.0 Lakhs per year

and so on.

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Bank of America Engineering Manager Salaries

Bank of America Engineering Manager salary in India ranges between ₹31.2 Lakhs to ₹45 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Bank of America latest salaries received from various employees of Bank of America.