Bank of America Mumbai Software Engineer2 Salaries by 80+ Employees (Updated 2025)

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Designation	Avg Annual Salary	Open Jobs
Software Engineer2 5 - 12 years exp. · Mumbai (88 salaries)	₹11 L/yr - ₹29.5 L/yr	3 job openings
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Software Engineer 1 - 12 years exp. · Mumbai (211 salaries)	₹6.8 L/yr - ₹25.9 L/yr
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Senior Software Engineer 3 - 13 years exp. · Mumbai (191 salaries)	₹8.2 L/yr - ₹35 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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Senior Tech Associate 1 - 6 years exp. · Mumbai (21 salaries)	₹6 L/yr - ₹10.7 L/yr
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Software Engineer II 6 - 11 years exp. · Mumbai (19 salaries)	₹11.2 L/yr - ₹24.3 L/yr	1 job opening
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Senior Systems Engineer 3 - 8 years exp. · Mumbai (16 salaries)	₹5.8 L/yr - ₹16.2 L/yr
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Software Engineer III 9 - 15 years exp. · Mumbai (12 salaries)	₹23 L/yr - ₹40.5 L/yr	1 job opening
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Senior Programmer Analyst 8 - 15 years exp. · Mumbai (9 salaries)	₹14.4 L/yr - ₹26.5 L/yr
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Technical Lead 12 - 15 years exp. · Mumbai (8 salaries)	₹23.1 L/yr - ₹39 L/yr	1 job opening
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Assistant Vice President IT 12 - 20 years exp. · Mumbai (7 salaries)	₹22 L/yr - ₹47.5 L/yr
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Devops Engineer 2 - 5 years exp. · Mumbai (6 salaries)	₹7.6 L/yr - ₹15 L/yr
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Programmer Analyst 7 - 11 years exp. · Mumbai (6 salaries)	₹12.5 L/yr - ₹14.6 L/yr
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System Analyst 6 - 9 years exp. · Mumbai (6 salaries)	₹10.5 L/yr - ₹13 L/yr
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Softwaretest Engineer 3 - 5 years exp. · Mumbai (5 salaries)	₹5 L/yr - ₹16.5 L/yr
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Product Owner 6 - 14 years exp. · Mumbai (4 salaries)	₹19.5 L/yr - ₹37 L/yr
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Manager Technology 14 - 16 years exp. · Mumbai (4 salaries)	₹28 L/yr - ₹34 L/yr
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Scrum Master 12 - 17 years exp. · Mumbai (4 salaries)	₹20.7 L/yr - ₹39 L/yr
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Team Lead 0 - 16 years exp. · Mumbai (198 salaries)	₹5.5 L/yr - ₹15.7 L/yr	3 job openings
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Analyst 1 - 11 years exp. · Mumbai (179 salaries)	₹8.2 L/yr - ₹27 L/yr
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Salary Discussions, Hike & Promotions

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

3.0

Rated by 9 employees for salary & benefits

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.

Software Engineer II in Chennai

Engineering - Software & QA Department

4.0

• posted on 27 Jun 2022

3.0

for Salary and Benefits

Likes

You will get good benefits apart from your salary like Cab, Sodexho Card, Gym. There is no variable pay in BA.

Job security - Good

Dislikes

HR people are dummy in BA, If you will have good relationship with your manager or VP then you will get good appraisal or promotion. They are having escalation process but if you escalate something about your manager then it will first reach to your manager and they will corner you. There is no onsite opportunity in BA

Promotions - Bad

+1 more

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 Systems Engineer in Hyderabad / Secunderabad

Engineering - Software & QA Department

3.0

• posted on 09 May 2022

1.0

for Salary and Benefits

Likes

...uld benefit low level employees all are tend to meant for management benefits. Company policies and pay never compete/normalise with outside market

Job security - Good

Dislikes

Everything except job security. Since we work for very low wage

Salary - Bad

+2 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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Average annual salary for Software Engineer2 in Bank of America , Mumbai is INR . Salary estimates are based on 80+ Bank of America latest salaries received from various employees of Bank of America.