Bank of America IT Manager Salaries by 7 Employees (Updated 2025)

9 - 16 years exp.

₹16 Lakhs - ₹21.6 Lakhs

Low Confidence

Salary of majority employees

31% more than the average IT Manager Salary in Banking Companies for 9 - 16 years of experience

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Salaries in different departments

Engineering - Hardware & Networks IT Manager Salary 12 - 16 years exp. (3 salaries)	₹18 L/yr - ₹21 L/yr
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IT & Information Security IT Manager Salary 9 - 11 years exp. (AmbitionBox Estimate)	₹16 L/yr - ₹18 L/yr

Last Updated: 18 Mar 2025

Companies similar to Bank of America for IT Manager

Company name	Avg Annual Salary	Open Jobs
HDFC Bank IT Manager Salary 2 - 12 years exp. (111 salaries)	₹6.4 L/yr - ₹20 L/yr 35% less
AU Small Finance Bank IT Manager Salary 2 - 10 years exp. (57 salaries)	₹6.7 L/yr - ₹18 L/yr 30% less
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RBL Bank IT Manager Salary 1 - 9 years exp. (56 salaries)	₹5.2 L/yr - ₹15.5 L/yr 40% less
IndusInd Bank IT Manager Salary 5 - 12 years exp. (31 salaries)	₹5.2 L/yr - ₹22.5 L/yr 29% less	8 job openings
IDFC FIRST Bank IT Manager Salary 4 - 14 years exp. (21 salaries)	₹6.1 L/yr - ₹19.5 L/yr 30% less
Utkarsh Small Finance Bank IT Manager Salary 6 - 15 years exp. (17 salaries)	₹6.2 L/yr - ₹13.5 L/yr 46% less
Punjab National Bank IT Manager Salary 4 - 9 years exp. (16 salaries)	₹10.9 L/yr - ₹22 L/yr 3% less
Equitas Small Finance Bank IT Manager Salary 5 - 13 years exp. (15 salaries)	₹6.9 L/yr - ₹19 L/yr 22% less
ICICI Bank IT Manager Salary 0 - 13 years exp. (13 salaries)	₹9 L/yr - ₹21.2 L/yr 24% less
Bank of Maharashtra IT Manager Salary 4 - 11 years exp. (13 salaries)	₹12 L/yr - ₹20 L/yr 19% less
IDBI Bank IT Manager Salary 3 - 10 years exp. (9 salaries)	₹12 L/yr - ₹22 L/yr 6% less
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Indian Bank IT Manager Salary 6 - 13 years exp. (8 salaries)	₹8 L/yr - ₹20 L/yr 15% less
State Bank of India IT Manager Salary 10 - 16 years exp. (7 salaries)	₹15 L/yr - ₹22 L/yr 12% more
DCB Bank IT Manager Salary 11 - 16 years exp. (6 salaries)	₹6.5 L/yr - ₹20 L/yr 28% less
Standard Chartered IT Manager Salary 14 - 18 years exp. (6 salaries)	₹19 L/yr - ₹28 L/yr 26% more
Yes Bank IT Manager Salary 1 - 2 years exp. (5 salaries)	₹16.5 L/yr - ₹18 L/yr 8% less
Ujjivan Small Finance Bank IT Manager Salary 3 - 14 years exp. (5 salaries)	₹8.4 L/yr - ₹18.4 L/yr 26% less
Federal Bank IT Manager Salary 4 - 11 years exp. (4 salaries)	₹9 L/yr - ₹16 L/yr 43% less
HSBC Bank IT Manager Salary 5 - 12 years exp. (3 salaries)	₹7.8 L/yr - ₹16 L/yr 35% less

IT Manager salary at Bank of America ranges between ₹16 Lakhs to ₹21.6 Lakhs per year for employees with experience between 9 years to 16 years. Salary estimates are based on 7 latest salaries received from various employees of Bank of America.

Experience wise Bank of America IT Manager salaries

Last Updated: 18 Mar 2025

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹16 L/yr - ₹31.6 L/yr
10 years (AmbitionBox Estimate)	₹16 L/yr - ₹20.4 L/yr
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11 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹18 L/yr
12 years (AmbitionBox Estimate)	₹18 L/yr - ₹32.8 L/yr
13 years (AmbitionBox Estimate)	₹16.6 L/yr - ₹21.2 L/yr
14 years (AmbitionBox Estimate)	₹18 L/yr - ₹33.6 L/yr
15+ years (3 salaries)	₹18 L/yr - ₹21.6 L/yr

View all

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Top skills at Bank of America for IT Manager

Troubleshooting Networking Helpdesk Operational Excellence Operations MCSE Risk Management Windows Asset Management Backend

Salary related reviews for Bank of America

5.0

Rated by 1 employees for salary & benefits

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

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.

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

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

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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 IT Manager Salary FAQs

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

The average salary of a IT Manager at Bank of America in India typically ranges from ₹16.0 Lakhs to ₹21.6 Lakhs per year, depending on experience (from 9 years to 16 years).

The top 10% of IT Manager at Bank of America earn more than ₹21.5 Lakhs per year, and the top 1% earn over ₹21.6 Lakhs per year. IT 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 7 Bank of America employees in India.

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

The estimated take-home salary of a IT Manager at Bank of America in India typically ranges from ₹1,22,279 to ₹1,25,839 per month. This is based on the average salary range of ₹16.0 Lakhs to ₹21.6 Lakhs per year for employees with experience ranging from 9 years to 16 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 7 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 IT Manager at Bank of America ?

To be a IT Manager at Bank of America in india, the key skills required include:

- Troubleshooting
- Networking
- Helpdesk
- Operational Excellence
- Operations

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 IT Manager in India?

Standard Chartered	₹19.0 Lakhs to ₹28.0 Lakhs per year
State Bank of India	₹15.0 Lakhs to ₹22.0 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 IT Manager in companies similar to Bank of America in India?

The salary of a IT 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:

Punjab National Bank	₹10.9 Lakhs to ₹22.0 Lakhs per year
IDBI Bank	₹12.0 Lakhs to ₹22.0 Lakhs per year
Yes Bank	₹16.5 Lakhs to ₹18.0 Lakhs per year
Indian Bank	₹8.0 Lakhs to ₹20.0 Lakhs per year
Bank of Maharashtra	₹12.0 Lakhs to ₹20.0 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 IT Manager at Bank of America in India?

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

Experience	Average Salary Range
9 years	₹16.0 Lakhs to ₹31.6 Lakhs per year
10 years	₹16.0 Lakhs to ₹20.4 Lakhs per year
11 years	₹7.2 Lakhs to ₹18.0 Lakhs per year
12 years	₹18.0 Lakhs to ₹32.8 Lakhs per year

and so on.

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Bank of America IT Manager Salaries

Bank of America IT Manager salary in India ranges between ₹16 Lakhs to ₹21.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Bank of America latest salaries received from various employees of Bank of America.