Bank of America Machine Learning Engineer Salaries by 4 Employees

5 - 6 years exp.

₹9.9 Lakhs - ₹30 Lakhs

Low Confidence

Salary of majority employees

58% more than the average Machine Learning Engineer Salary in Banking Companies for 5 - 6 years of experience

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Last Updated: 12 Oct 2023

Companies similar to Bank of America for Machine Learning Engineer

Company name	Avg Annual Salary	Open Jobs
Barclays Machine Learning Engineer Salary 2 - 8 years exp. (11 salaries)	₹16 L/yr - ₹22 L/yr 23% more
Standard Chartered Machine Learning Engineer Salary 0 - 5 years exp. (9 salaries)	₹9.4 L/yr - ₹21 L/yr 24% more
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NatWest Group Machine Learning Engineer Salary 0 - 9 years exp. (6 salaries)	₹13.5 L/yr - ₹17.5 L/yr 11% less
ANZ Banking Group Machine Learning Engineer Salary 2 - 7 years exp. (4 salaries)	₹14.6 L/yr - ₹20 L/yr 4% more
ICICI Bank Machine Learning Engineer Salary 1 - 5 years exp. (3 salaries)	₹4.4 L/yr - ₹8.5 L/yr 64% less
Deutsche Bank Machine Learning Engineer Salary 3 - 11 years exp. (3 salaries)	₹10 L/yr - ₹65 L/yr 73% more

Machine Learning Engineer salary at Bank of America ranges between ₹9.9 Lakhs to ₹30 Lakhs per year for employees with experience between 5 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Machine Learning Engineer salaries

Last Updated: 12 Oct 2023

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹11.4 L/yr - ₹14.6 L/yr
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6 years (AmbitionBox Estimate)	₹18.5 L/yr - ₹23.6 L/yr

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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.

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.

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Bank of America Machine Learning Engineer Salary FAQs

What is the salary of Machine Learning Engineer at Bank of America ?

The average salary of a Machine Learning Engineer at Bank of America in India typically ranges from ₹9.9 Lakhs to ₹30.0 Lakhs per year, depending on experience (from 5 years to 6 years).

The top 10% of Machine Learning Engineer at Bank of America earn more than ₹30.0 Lakhs per year, and the top 1% earn over ₹30.0 Lakhs per year. Machine Learning Engineer 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 4 Bank of America employees in India.

What is the estimated take home salary of a Machine Learning Engineer at Bank of America in India?

The estimated take-home salary of a Machine Learning Engineer at Bank of America in India typically ranges from ₹1,12,824 to ₹1,15,960 per month. This is based on the average salary range of ₹9.9 Lakhs to ₹30.0 Lakhs per year for employees with experience ranging from 5 years to 6 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 4 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 Machine Learning Engineer in India?

Deutsche Bank	₹10.0 Lakhs to ₹65.0 Lakhs per year
Standard Chartered	₹9.4 Lakhs to ₹21.0 Lakhs per year
Barclays	₹16.0 Lakhs to ₹22.0 Lakhs per year
ANZ Banking Group	₹14.6 Lakhs to ₹20.0 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 Machine Learning Engineer in companies similar to Bank of America in India?

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

NatWest Group	₹13.5 Lakhs to ₹17.5 Lakhs per year
ICICI Bank	₹4.4 Lakhs to ₹8.5 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 Machine Learning Engineer at Bank of America in India?

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

Experience	Average Salary Range
5 years	₹11.4 Lakhs to ₹14.6 Lakhs per year
6 years	₹18.5 Lakhs to ₹23.6 Lakhs per year

and so on.

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Bank of America Machine Learning Engineer Salaries

Bank of America Machine Learning Engineer salary in India ranges between ₹9.9 Lakhs to ₹30 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Bank of America latest salaries received from various employees of Bank of America.