Bank of America Individual Contributor Salaries by 10+ Employees

8 - 13 years exp.

₹8 Lakhs - ₹24 Lakhs

Salary of majority employees

7% more than the average Individual Contributor Salary in Banking Companies for 8 - 13 years of experience

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Salaries in different departments

Engineering - Software & QA Individual Contributor Salary 8 - 13 years exp. (5 salaries)	₹16 L/yr - ₹24 L/yr
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BFSI, Investments & Trading Individual Contributor Salary 8 - 9 years exp. (AmbitionBox Estimate)	₹8 L/yr - ₹15.2 L/yr

Last Updated: 9 Sep 2024

Companies similar to Bank of America for Individual Contributor

Company name	Avg Annual Salary	Open Jobs
HSBC Electronic Data Processing Individual Contributor Salary 8 - 12 years exp. (6 salaries)	₹6.8 L/yr - ₹11.1 L/yr 37% less
NatWest Group Individual Contributor Salary 6 - 9 years exp. (6 salaries)	₹5.2 L/yr - ₹7 L/yr 60% less
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HSBC Global Banking and Markets Individual Contributor Salary 5 - 8 years exp. (4 salaries)	₹6 L/yr - ₹8.7 L/yr 53% less
Standard Chartered Individual Contributor Salary 6 - 9 years exp. (4 salaries)	₹17.4 L/yr - ₹18 L/yr 18% more
HSBC Bank Individual Contributor Salary 9 - 12 years exp. (3 salaries)	₹5 L/yr - ₹7.3 L/yr 58% less

Individual Contributor salary at Bank of America ranges between ₹8 Lakhs to ₹24 Lakhs per year for employees with experience between 8 years to 13 years. Salary estimates are based on 13 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Individual Contributor salaries

Last Updated: 9 Sep 2024

Experience	Avg Annual Salary
8 years (5 salaries)	₹8 L/yr - ₹19 L/yr
9 years (3 salaries)	₹10 L/yr - ₹22 L/yr
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10 years (3 salaries)	₹10.4 L/yr - ₹22 L/yr
11 years (AmbitionBox Estimate)	₹13.8 L/yr - ₹17.7 L/yr
12 years (AmbitionBox Estimate)	₹6.4 L/yr - ₹23 L/yr
13 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹24 L/yr

View all

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Salary related reviews for Bank of America

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

Senior Software Engineer in Hyderabad / Secunderabad

Production, Manufacturing & Engineering Department

4.0

• posted on 21 Apr 2022

3.0

for Salary and Benefits

Likes

Work culture is very good and work life balance is impressive. Everyone in the office very cooperate and helping in nature. Managers and HR partners are very helpful. They will listen to your queries patiently and help you as soon as they can.

Job security - Excellent

+4 more

Dislikes

Salary hikes are average when compared to other product/bank related companies.

Team Lead in Gurgaon / Gurugram

BFSI, Investments & Trading Department

5.0

• posted on 20 Feb 2022

4.0

for Salary and Benefits

Likes

Work life balance is super duper great, job security is like govt.job,management is very supportive and company policies are employee friendly.

Salary - Good

+6 more

Dislikes

Yearly bonus is very less as compared to other companies of same industry. No gifts on diwali, no monetary reward

see more salary related reviews

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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 Individual Contributor Salary FAQs

What is the salary of Individual Contributor at Bank of America ?

The average salary of a Individual Contributor at Bank of America in India typically ranges from ₹8.0 Lakhs to ₹24.0 Lakhs per year, depending on experience (from 8 years to 13 years).

The top 10% of Individual Contributor at Bank of America earn more than ₹23.2 Lakhs per year, and the top 1% earn over ₹24.0 Lakhs per year. Individual Contributor 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 Individual Contributor at Bank of America in India?

The estimated take-home salary of a Individual Contributor at Bank of America in India typically ranges from ₹1,03,613 to ₹1,06,451 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹24.0 Lakhs per year for employees with experience ranging from 8 years to 13 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.

Which companies offer higher salaries than Bank of America for Individual Contributor in India?

Standard Chartered

₹17.4 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 Individual Contributor in companies similar to Bank of America in India?

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

HSBC Electronic Data Processing	₹6.8 Lakhs to ₹11.1 Lakhs per year
HSBC Global Banking and Markets	₹6.0 Lakhs to ₹8.7 Lakhs per year
HSBC Bank	₹5.0 Lakhs to ₹7.3 Lakhs per year
NatWest Group	₹5.2 Lakhs to ₹7.0 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 Individual Contributor at Bank of America in India?

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

Experience	Average Salary Range
8 years	₹8.0 Lakhs to ₹19.0 Lakhs per year
9 years	₹10.0 Lakhs to ₹22.0 Lakhs per year
10 years	₹10.4 Lakhs to ₹22.0 Lakhs per year
11 years	₹13.8 Lakhs to ₹17.7 Lakhs per year

and so on.

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Bank of America Individual Contributor Salaries

Bank of America Individual Contributor salary in India ranges between ₹8 Lakhs to ₹24 Lakhs with an average annual salary of ₹. Salary estimates are based on 13 Bank of America latest salaries received from various employees of Bank of America.