Bank of America Chennai IT Manager Salaries by 3 Employees (Updated 2025)

12 - 16 years exp.

₹18 Lakhs - ₹21 Lakhs

Low Confidence

Salary of majority employees

29% more than the average IT Manager Salary in Banking Companies for 12 - 16 years of experience

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Last Updated: 26 Jul 2023

Companies similar to Bank of America for IT Manager in Chennai

Bank of America IT Manager Salary

12 - 16 years exp. (3 salaries)

₹18 L/yr - ₹21 L/yr

Company name	Avg Annual Salary	Open Jobs
Equitas Small Finance Bank IT Manager Salary 5 - 13 years exp. (13 salaries)	₹6.9 L/yr - ₹19 L/yr 23% less
IndusInd Bank IT Manager Salary 10 - 12 years exp. (4 salaries)	₹5.2 L/yr - ₹12 L/yr 38% less	3 job openings
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HDFC Bank IT Manager Salary 8 - 9 years exp. (3 salaries)	₹10 L/yr - ₹14 L/yr 34% less
Wipro IT Manager Salary 5 - 17 years exp. (17 salaries)	₹5.1 L/yr - ₹17.4 L/yr 43% less
Cholamandalam Investment & Finance IT Manager Salary 10 - 18 years exp. (15 salaries)	₹9.5 L/yr - ₹19.2 L/yr 17% less

IT Manager salary at Bank of America ranges between ₹18 Lakhs to ₹21 Lakhs per year for employees with experience between 12 years to 16 years. Salary estimates are based on 3 latest salaries received from various employees of Bank of America.

Experience wise Bank of America IT Manager salaries in Chennai

Last Updated: 26 Jul 2023

Experience	Avg Annual Salary
12 years (AmbitionBox Estimate)	₹18 L/yr - ₹32.7 L/yr
13 years (AmbitionBox Estimate)	₹16.4 L/yr - ₹21 L/yr
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14 years (AmbitionBox Estimate)	₹16.5 L/yr - ₹21 L/yr
15+ years (AmbitionBox Estimate)	₹18 L/yr - ₹21 L/yr

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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

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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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Bank of America IT Manager Salary FAQs

What is the notice period for IT Manager at Bank of America in Chennai?

According to AmbitionBox, 100% of the Bank of America IT Managers in Chennai reported a notice period of 2 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Bank of America IT Manager Salaries in Chennai

Bank of America IT Manager salary in Chennai ranges between ₹18 Lakhs to ₹21 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Bank of America latest salaries received from various employees of Bank of America.