Bank of America Mumbai Manager Salaries by 100+ Employees (Updated 2025)

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Engineering - Software & QA BFSI, Investments & Trading Finance & Accounting Data Science & Analytics + 6 more

Designation	Avg Annual Salary	Open Jobs
Manager 5 - 17 years exp. · Mumbai (119 salaries)	₹11.7 L/yr - ₹37 L/yr	3 job openings
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Senior Analyst 3 - 15 years exp. · Mumbai (138 salaries)	₹13.3 L/yr - ₹34 L/yr
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Assistant Vice President 10 - 21 years exp. · Mumbai (123 salaries)	₹21 L/yr - ₹55.7 L/yr
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Financial Analyst 1 - 4 years exp. · Mumbai (11 salaries)	₹3.8 L/yr - ₹16.1 L/yr
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Senior Associate 3 - 7 years exp. · Mumbai (3 salaries)	₹4.5 L/yr - ₹5.2 L/yr
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Software Engineer 1 - 12 years exp. · Mumbai (212 salaries)	₹6.8 L/yr - ₹25.9 L/yr
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Team Lead 0 - 16 years exp. · Mumbai (199 salaries)	₹5.5 L/yr - ₹15.7 L/yr	3 job openings
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Analyst 1 - 11 years exp. · Mumbai (178 salaries)	₹8.9 L/yr - ₹27 L/yr
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Team Member 0 - 5 years exp. · Mumbai (174 salaries)	₹2.5 L/yr - ₹5 L/yr
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Senior Software Engineer 4 - 13 years exp. · Mumbai (169 salaries)	₹9.3 L/yr - ₹38 L/yr
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Fraud Analyst 1 - 4 years exp. · Mumbai (102 salaries)	₹3 L/yr - ₹5.1 L/yr
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Investment Banking Analyst 1 - 5 years exp. · Mumbai (95 salaries)	₹13 L/yr - ₹26.6 L/yr
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Software Engineer2 5 - 12 years exp. · Mumbai (89 salaries)	₹11 L/yr - ₹29.5 L/yr	3 job openings
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Team Developer 2 - 11 years exp. · Mumbai (88 salaries)	₹3.8 L/yr - ₹9.8 L/yr	4 job openings
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Quality Specialist 2 - 11 years exp. · Mumbai (67 salaries)	₹7.2 L/yr - ₹23.9 L/yr
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Senior Team Member 1 - 6 years exp. · Mumbai (54 salaries)	₹2.6 L/yr - ₹5.5 L/yr
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Lead Analyst 10 - 18 years exp. · Mumbai (35 salaries)	₹18.2 L/yr - ₹40 L/yr
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Officer 1 - 13 years exp. · Mumbai (30 salaries)	₹5.6 L/yr - ₹20.2 L/yr
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Technical Analyst 1 - 3 years exp. · Mumbai (27 salaries)	₹6.5 L/yr - ₹9.5 L/yr
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Data Engineer 1 - 11 years exp. · Mumbai (27 salaries)	₹7 L/yr - ₹22 L/yr
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Software Developer 0 - 10 years exp. · Mumbai (27 salaries)	₹7.8 L/yr - ₹24.5 L/yr
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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

4.5

Rated by 15 employees for salary & benefits

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.

Salary - Excellent

+6 more

Dislikes

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

Manager in Gandhinagar

Full Time

Finance & Accounting Department

5.0

• posted on 23 Dec 2024

5.0

for Salary and Benefits

Likes

Work life balance is good Benefits are over and above compensation offered People over here are friendly and create a positive environment

Salary - Excellent

+4 more

Dislikes

Promotions are slow Growing within the organisation can be done by IJPs

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

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)

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Average annual salary for Manager in Bank of America , Mumbai is INR . Salary estimates are based on 100+ Bank of America latest salaries received from various employees of Bank of America.