Bank of America Mumbai Financial Analyst Salaries by 10+ Employees

1 - 4 years exp.

₹3.8 Lakhs - ₹16.1 Lakhs

Salary of majority employees

51% more than the average Financial Analyst Salary in Banking Companies for 1 - 4 years of experience

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Salaries in different departments

BFSI, Investments & Trading Financial Analyst Salary 2 - 3 years exp. (4 salaries)	₹9.2 L/yr - ₹17.4 L/yr
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Finance & Accounting Financial Analyst Salary 2 - 4 years exp. (AmbitionBox Estimate)	₹7.6 L/yr - ₹15 L/yr

Last Updated: 26 Sep 2024

Companies similar to Bank of America for Financial Analyst in Mumbai

Bank of America Financial Analyst Salary

1 - 4 years exp. (11 salaries)

₹3.8 L/yr - ₹16.1 L/yr

Company name	Avg Annual Salary	Open Jobs
Deutsche Bank Financial Analyst Salary 1 - 9 years exp. (47 salaries)	₹3.4 L/yr - ₹11.5 L/yr 17% less
Barclays Financial Analyst Salary 0 - 5 years exp. (21 salaries)	₹6.3 L/yr - ₹15.2 L/yr 34% more
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HDFC Bank Financial Analyst Salary 1 - 7 years exp. (15 salaries)	₹3.2 L/yr - ₹12 L/yr 18% less
ICICI Bank Financial Analyst Salary 0 - 4 years exp. (9 salaries)	₹8 L/yr - ₹18 L/yr 12% more
DCB Bank Financial Analyst Salary 0 - 5 years exp. (7 salaries)	₹5 L/yr - ₹11 L/yr 15% less
Yes Bank Financial Analyst Salary 2 - 6 years exp. (4 salaries)	₹3 L/yr - ₹9 L/yr 44% less
IDFC FIRST Bank Financial Analyst Salary 0 - 3 years exp. (4 salaries)	₹2.9 L/yr - ₹4 L/yr 62% less
State Street Bank Financial Analyst Salary 0 - 3 years exp. (4 salaries)	₹3 L/yr - ₹3.5 L/yr 66% less
RBL Bank Financial Analyst Salary 1 - 4 years exp. (3 salaries)	₹2.2 L/yr - ₹3.8 L/yr 60% less	1 job opening
State Bank of India Financial Analyst Salary 2 - 7 years exp. (3 salaries)	₹10 L/yr - ₹21 L/yr 81% more
Utkarsh Small Finance Bank Financial Analyst Salary 0 - 2 years exp. (3 salaries)	₹12 L/yr - ₹12.8 L/yr 36% more
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Financial Analyst salary at Bank of America ranges between ₹3.8 Lakhs to ₹16.1 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 11 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Financial Analyst salaries in Mumbai

Last Updated: 26 Sep 2024

Experience	Avg Annual Salary
1 year (4 salaries)	₹3.5 L/yr - ₹15.3 L/yr
2 years (3 salaries)	₹3.5 L/yr - ₹15.3 L/yr
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3 years (3 salaries)	₹3.7 L/yr - ₹16.6 L/yr
4 years (AmbitionBox Estimate)	₹8.6 L/yr - ₹11 L/yr

Similar Designation salaries in Bank of America

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₹12.35 L/yr - ₹38.1 L/yr

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₹8 L/yr - ₹24.31 L/yr

Senior Financial Analyst Salary

(5 salaries)

₹3.6 L/yr - ₹7.4 L/yr

Research Analyst Salary

(3 salaries)

₹7.6 L/yr - ₹9 L/yr

Top skills at Bank of America for Financial Analyst

Data Modeling Analytical skills Operational Excellence SAS Risk Management Trend Analysis Machine Learning Analytics Artificial Intelligence Python Market Risk Risk Analytics Business Services Statistics SQL

Salary related reviews for Bank of America

3.0

Rated by 1 employees for salary & benefits

Assistant Vice President in Mumbai

Full Time

Project & Program Management Department

2.0

• posted on 16 Mar 2025

2.0

for Salary and Benefits

Likes

Work life balance Continue to work here if you are not looking for any growth and are happy with little increments every year. Outdated process etc

Job security - Good

Dislikes

Toxic work culture Bad managers No recognition No promotion Not good increments No bonus List goes on...

Salary - Poor

+4 more

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

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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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 Financial Analyst Salary FAQs

What is the salary of Financial Analyst at Bank of America in Mumbai?

The average salary of a Financial Analyst at Bank of America in Mumbai typically ranges from ₹3.8 Lakhs to ₹16.1 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Financial Analyst in Mumbai at Bank of America earn more than ₹16.1 Lakhs per year, and the top 1% earn over ₹17.4 Lakhs per year. Financial 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 10+ Bank of America employees in India.

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

The estimated take-home salary of a Financial Analyst at Bank of America in Mumbai typically ranges from ₹66,925 to ₹68,638 per month. This is based on the average salary range of ₹3.8 Lakhs to ₹16.1 Lakhs per year for employees with experience ranging from 1 year to 4 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 10+ 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 Financial Analyst at Bank of America in Mumbai?

To be a Financial Analyst at Bank of America in Mumbai, the key skills required include:

- Data Modeling
- Analytical skills
- Operational Excellence
- SAS
- Risk Management

These skills are highly valued at Bank of America and are crucial for successful performance in a Software Engineering role.

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

State Bank of India	₹10.0 Lakhs to ₹21.0 Lakhs per year
Utkarsh Small Finance Bank	₹12.0 Lakhs to ₹12.8 Lakhs per year
Barclays	₹6.3 Lakhs to ₹15.2 Lakhs per year
ICICI Bank	₹8.0 Lakhs to ₹18.0 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 Financial Analyst in companies similar to Bank of America in Mumbai?

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

DCB Bank	₹5.0 Lakhs to ₹11.0 Lakhs per year
Deutsche Bank	₹3.4 Lakhs to ₹11.5 Lakhs per year
HDFC Bank	₹3.2 Lakhs to ₹12.0 Lakhs per year
Yes Bank	₹3.0 Lakhs to ₹9.0 Lakhs per year
RBL Bank	₹2.2 Lakhs to ₹3.8 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 Financial Analyst at Bank of America in Mumbai?

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

Experience	Average Salary Range
1 year	₹3.5 Lakhs to ₹15.3 Lakhs per year
2 years	₹3.5 Lakhs to ₹15.3 Lakhs per year
3 years	₹3.7 Lakhs to ₹16.6 Lakhs per year
4 years	₹8.6 Lakhs to ₹11.0 Lakhs per year

and so on.

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Bank of America Financial Analyst Salaries in Mumbai

Bank of America Financial Analyst salary in Mumbai ranges between ₹3.8 Lakhs to ₹16.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Bank of America latest salaries received from various employees of Bank of America.