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Bank of America

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4.2

based on 3.1k 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

Financial Analyst

1 - 4 years exp. · Mumbai (11 salaries)
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₹3.8 L/yr - ₹16.1 L/yr

Quality Specialist 1

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

Risk Analyst

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

Quality Engineer

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

Devops Engineer

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

Assistant Vice President IT

12 - 18 years exp. · Mumbai (6 salaries)
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₹22 L/yr - ₹47.5 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

1 job opening

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

Test Lead

8 - 10 years exp. · Mumbai (5 salaries)
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₹15 L/yr - ₹21.8 L/yr

Equity Research Analyst

1 - 4 years exp. · Mumbai (5 salaries)
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₹42 L/yr - ₹70 L/yr

Last Updated: 20 Mar, 2025

Top trending discussions

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Salary Discussions, Hike & Promotions
1w
a system engineer
Just had to share this, I got a 100% hike!
I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.
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Salary related reviews for Bank of America

3.7

Rated by 437 employees for salary & benefits

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.

read more

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.

read more
  • 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

Fraud Detection Analyst(Team Member) in Mumbai

Full Time

 · 

Customer Success, Service & Operations Department

3.0
  •  posted on 02 Feb 2025
1.0
 for  Salary and Benefits

Likes

Good work life balance No pressure Good team manager

  • Job security - Good
    • +1 more

Dislikes

No streamlining of processes Salary below market standards Poor salary increments No promotion despite performing decently and tenurity No growth opportunities Many people quit because of lack career growth and financial growth

read more
  • Salary - Bad
    • +2 more
see more salary related reviews

Bank of America interview questions by designations

Software Engineer (18)Software Developer (16)Team Member (16)Team Developer (9)
View all 206 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:

Financial Analyst ₹3.8 Lakhs to ₹16.1 Lakhs per year
Quality Specialist 1 ₹6.7 Lakhs to ₹10 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, Director, earns between ₹80 Lakhs to ₹1 Crore per year. The top 10% of employees earn more than ₹30 Lakhs per year, and the top 1% earn over ₹59.4 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 ₹35.5 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 ₹13.7 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 3.5k Bank of America latest salaries received from various employees of Bank of America.

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