Bank of America Investment Banking Associate Salaries by 10+ Employees (Updated 2025)

1 - 11 years exp.

₹16.6 Lakhs - ₹62.4 Lakhs

Avg. annual salary

Monthly In-hand Salary

157% more than the average Investment Banking Associate Salary in Banking Companies for 1 - 11 years of experience

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Last Updated: 16 Mar 2025

Companies similar to Bank of America for Investment Banking Associate

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Investment Banking Associate Salary 0 - 7 years exp. (26 salaries)	₹16 L/yr - ₹30 L/yr 45% less
Deutsche Bank Investment Banking Associate Salary 1 - 6 years exp. (11 salaries)	₹25 L/yr - ₹62.6 L/yr 8% less
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ICICI Bank Investment Banking Associate Salary 3 - 6 years exp. (5 salaries)	₹10 L/yr - ₹25 L/yr 49% less
State Street Bank Investment Banking Associate Salary 1 - 3 years exp. (7 salaries)	₹3.3 L/yr - ₹4.2 L/yr 91% less
Standard Chartered Investment Banking Associate Salary 2 - 4 years exp. (5 salaries)	₹35 L/yr - ₹80 L/yr 40% more
HSBC Global Banking and Markets Investment Banking Associate Salary 3 - 8 years exp. (4 salaries)	₹21.7 L/yr - ₹24.8 L/yr 40% less
NatWest Group Investment Banking Associate Salary 3 - 4 years exp. (3 salaries)	₹15 L/yr - ₹25 L/yr 48% less

Investment Banking Associate salary at Bank of America ranges between ₹16.6 Lakhs to ₹62.4 Lakhs per year for employees with experience between 1 year to 11 years. Salary estimates are based on 18 latest salaries received from various employees of Bank of America.

Latest annual salaries shared by Bank of America Investment Banking Associate

3d ago

₹13 Lakhs

1 year exp.

3d ago

₹13 Lakhs

1 year exp.

5d ago

₹75 Lakhs

7 years exp.

3w ago

₹40 Lakhs

7 years exp.

8mo ago

₹1 Crore

3 years exp.

1y ago

10 years exp.

1y ago

9 years exp.

1y ago

11 years exp.

1y ago

9 years exp.

1y ago

2 years exp.

Experience wise Bank of America Investment Banking Associate salaries

Last Updated: 16 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹16 L/yr - ₹71.9 L/yr
2 years (AmbitionBox Estimate)	₹15.9 L/yr - ₹65 L/yr
Login to view exact salary
3 years (AmbitionBox Estimate)	₹15.8 L/yr - ₹70.9 L/yr
4 years (AmbitionBox Estimate)	₹35.2 L/yr - ₹45 L/yr
5 years (AmbitionBox Estimate)	₹35 L/yr - ₹44.7 L/yr
6 years (AmbitionBox Estimate)	₹30 L/yr - ₹69.5 L/yr
7 years (4 salaries)	₹25.5 L/yr - ₹69.1 L/yr
8 years (AmbitionBox Estimate)	₹25 L/yr - ₹68.6 L/yr
9 years (3 salaries)	₹28.2 L/yr - ₹68.1 L/yr
10 years (AmbitionBox Estimate)	₹31.2 L/yr - ₹67.7 L/yr
11 years (AmbitionBox Estimate)	₹35.5 L/yr - ₹67.2 L/yr

View all

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Salary related reviews for Bank of America

5.0

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

Associate Vice President in Gurgaon / Gurugram

Full Time

Finance & Accounting Department

3.0

• posted on 24 Oct 2023

4.0

for Salary and Benefits

Likes

Good salary, Networking is encouraged (too much sometimes!), Volunteering activities.

Salary - Good

+1 more

Dislikes

Company culture specially the bhai-bandi attitude between old timers, very BPO kind of environment, tenure and connection is more relevant than the skill of a person (specially new joiners)

Company culture - Poor

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

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Salary Discussions, Hike & Promotions

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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Bank of America Investment Banking Associate Salary FAQs

What is the salary of Investment Banking Associate at Bank of America ?

The average salary of a Investment Banking Associate at Bank of America in India typically ranges from ₹16.6 Lakhs to ₹62.4 Lakhs per year, depending on experience (from 1 year to 11 years).

The top 10% of Investment Banking Associate at Bank of America earn more than ₹72.0 Lakhs per year, and the top 1% earn over ₹101.0 Lakhs per year. Investment Banking Associate 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 Investment Banking Associate at Bank of America in India?

The estimated take-home salary of a Investment Banking Associate at Bank of America in India typically ranges from ₹2,31,066 to ₹2,40,376 per month. This is based on the average salary range of ₹16.6 Lakhs to ₹62.4 Lakhs per year for employees with experience ranging from 1 year to 11 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 Investment Banking Associate in India?

Standard Chartered

₹35.0 Lakhs to ₹80.0 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 Investment Banking Associate in companies similar to Bank of America in India?

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

Deutsche Bank	₹25.0 Lakhs to ₹62.6 Lakhs per year
HSBC Global Banking and Markets	₹21.7 Lakhs to ₹24.8 Lakhs per year
HDFC Bank	₹16.0 Lakhs to ₹30.0 Lakhs per year
NatWest Group	₹15.0 Lakhs to ₹25.0 Lakhs per year
ICICI Bank	₹10.0 Lakhs to ₹25.0 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 Investment Banking Associate at Bank of America in India?

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

Experience	Average Salary Range
1 year	₹16.0 Lakhs to ₹71.9 Lakhs per year
2 years	₹15.9 Lakhs to ₹65.0 Lakhs per year
3 years	₹15.8 Lakhs to ₹70.9 Lakhs per year
4 years	₹35.2 Lakhs to ₹45.0 Lakhs per year

and so on.

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Bank of America Investment Banking Associate salary in India ranges between ₹16.6 Lakhs to ₹62.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 18 Bank of America latest salaries received from various employees of Bank of America.