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Bank of America

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4.2

based on 3.2k Reviews

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Bank of America Salaries in Mumbai (Updated 2025)

based on 3.5k latest salaries
Explore Salaries by Departments
Engineering - Software & QA BFSI, Investments & Trading Finance & Accounting Data Science & Analytics + 6 more
Designation Avg Annual Salary Open Jobs

Quality Specialist 1

1 - 3 years exp. · Mumbai (11 salaries)
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₹6.7 L/yr - ₹10 L/yr

Senior Programmer Analyst

8 - 15 years exp. · Mumbai (9 salaries)
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₹14.4 L/yr - ₹26.5 L/yr

Analyst II

5 - 12 years exp. · Mumbai (9 salaries)
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₹8.3 L/yr - ₹26 L/yr

Senior Quality Analyst

5 - 12 years exp. · Mumbai (8 salaries)
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₹5.1 L/yr - ₹20.5 L/yr

Technical Lead

12 - 15 years exp. · Mumbai (8 salaries)
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₹23.1 L/yr - ₹39 L/yr

1 job opening

Operations Manager

10 - 18 years exp. · Mumbai (8 salaries)
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₹12.2 L/yr - ₹21.5 L/yr

Fraud Detection Analyst

0 - 3 years exp. · Mumbai (8 salaries)
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₹3.5 L/yr - ₹5 L/yr

Equity Research Analyst

1 - 4 years exp. · Mumbai (7 salaries)
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₹42 L/yr - ₹77 L/yr

Risk Analyst

2 - 6 years exp. · Mumbai (7 salaries)
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₹4.5 L/yr - ₹18.7 L/yr

Assistant Vice President IT

12 - 20 years exp. · Mumbai (7 salaries)
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₹22 L/yr - ₹47.5 L/yr

Senior Fraud Analyst

2 - 3 years exp. · Mumbai (7 salaries)
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₹4.2 L/yr - ₹5.6 L/yr

Quality Engineer

10 - 16 years exp. · Mumbai (7 salaries)
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₹22.2 L/yr - ₹30 L/yr

1 job opening

Devops Engineer

2 - 5 years exp. · Mumbai (6 salaries)
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₹7.6 L/yr - ₹15 L/yr

Programmer Analyst

7 - 11 years exp. · Mumbai (6 salaries)
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₹12.5 L/yr - ₹14.6 L/yr

Software Analyst

5 - 10 years exp. · Mumbai (6 salaries)
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₹11.1 L/yr - ₹17.8 L/yr

Application Analyst

4 - 9 years exp. · Mumbai (6 salaries)
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₹9.9 L/yr - ₹17.5 L/yr

System Analyst

6 - 9 years exp. · Mumbai (6 salaries)
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₹10.5 L/yr - ₹13 L/yr

Data Scientist

4 - 8 years exp. · Mumbai (5 salaries)
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₹20.4 L/yr - ₹36 L/yr

Senior Financial Analyst

2 - 5 years exp. · Mumbai (5 salaries)
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₹3.6 L/yr - ₹7.4 L/yr

Test Manager

11 - 13 years exp. · Mumbai (5 salaries)
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₹17 L/yr - ₹23.6 L/yr

Last Updated: 9 Apr, 2025

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Salary Discussions, Hike & Promotions
2w (edited)
peacemaker
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works at
Georgia-Pacific
New offer. Confused.
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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Salary related reviews for Bank of America

3.7

Rated by 447 employees for salary & benefits

Process Associate in Mumbai

Full Time

 · 

Customer Success, Service & Operations Department

1.0
  •  posted on 28 Mar 2025
1.0
 for  Salary and Benefits

Likes

...e was good but now India Mumbai site leadership gang just exploiting employee...for their bonus and promotion..they are paying less to employees and keeping all the money in their pockets

read more

Dislikes

Office politics. you can't grow if you are not part of gang ...old employee are forced to leave the company as now they are good for nothing for leadership team.....all the leaders got promotion because of old employees hard work but now they forgot everything and they are making their life miserable

read more
  • Salary - Bad
    • +4 more

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

read more
  • Job security - Good

Dislikes

Toxic work culture Bad managers No recognition No promotion Not good increments No bonus List goes on...

read more
  • Salary - Poor
    • +4 more

Manager in Mumbai

Full Time

 · 

Other Department

5.0
  •  posted on 13 Feb 2025
5.0
 for  Salary and Benefits

Likes

... 8 lacks. Insurance for parents/aws. Sodexo food card with 1300 monthly balance. Yearly bonus. Cab facility if you are not availing it can be get transport allowance upto 1800 monthly.

read more
  • Salary - Excellent
    • +6 more

Dislikes

Favoritism is there in internal leadership. Promotion cycle are long if you are an average performer.

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

read more
  • Salary - Good
    • +5 more

Dislikes

Long term career growth is difficult, too much competition to reach higher job roles, employee skills not utilized correctly.

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Manager (Fraud Risk Analytics & Strategies) in Mumbai

Full Time

 · 

Data Science & Analytics Department

4.0
  •  posted on 14 Mar 2025
4.0
 for  Salary and Benefits

Likes

No one bother the deadlines and the mistakes in work you do. Uou would have enough time to correct your mistakes. No one will care what you do, everyone is happy in their own world. Work life balance is awesome because no work at all. In short SBI of USA. Don't do work, no one will ask you.

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  • Salary - Good
    • +3 more

Dislikes

...Promotion are their weak point, no promotion at all and favourism in promotions. No variable pay like JPMC, Wells, Morgan Stanley and Goldman Sachs.

read more
  • Promotions - Bad
    • +1 more
see more salary related reviews

Bank of America interview questions by designations

Software Engineer (18)Software Developer (17)Team Member (16)Team Developer (9)
View all 210 interview experiences

Know more about Bank of America Mumbai

More about working at Bank of America

Bank of America Salary FAQs

How much does Bank of America pay to its employees?
The average annual salary at Bank of America varies depending on the role, experience, and location. The salary ranges for some popular designations at Bank of America, are as follows:

Quality Specialist 1 ₹6.7 Lakhs to ₹10 Lakhs per year
Senior Programmer Analyst ₹14.4 Lakhs to ₹26.5 Lakhs per year
Analyst II ₹8.3 Lakhs to ₹26 Lakhs per year
Senior Quality Analyst ₹5.1 Lakhs to ₹20.5 Lakhs per year

The highest-paying role, Senior Vice President, earns between ₹75 Lakhs to ₹1 Crore per year. The top 10% of employees earn more than ₹30 Lakhs per year, and the top 1% earn over ₹60 Lakhs per year. 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 salary estimates are based on data from 3.5k salaries submitted by Bank of America employees. Bank of America is rated 3.7 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at Bank of America in Mumbai?
The salary of a fresher at Bank of America in Mumbai typically ranges from ₹3 Lakhs to ₹25 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Team Member Salary ₹3 Lakhs to ₹4.5 Lakhs per year
Fresher as a Team Lead Salary ₹7.5 Lakhs to ₹14 Lakhs per year
Fresher as a Senior Technical Associate Salary ₹6 Lakhs to ₹13.2 Lakhs per year
Fresher as a Software Developer Salary ₹6 Lakhs to ₹10 Lakhs per year

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Average annual salary in Bank of America , Mumbai is INRunlock blur . Salary estimates are based on 3500+ Bank of America latest salaries received from various employees of Bank of America.

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