Bank of America Principal Engineer Salaries by Employees (Updated 2024)

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₹78.9 Lakhs - ₹87.2 Lakhs

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Last Updated: 5 Dec 2024

Companies similar to Bank of America for Principal Engineer

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Principal Engineer Salary 7 - 18 years exp. (5 salaries)	₹21 L/yr - ₹40 L/yr 65% less
Wells Fargo Principal Engineer Salary 12 - 19 years exp. (46 salaries)	₹47 L/yr - ₹1.1 Cr/yr 21% less
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Citigroup Principal Engineer Salary 18 - 20 years exp. (4 salaries)	₹46 L/yr - ₹48 L/yr 45% less
Goldman Sachs Principal Engineer Salary 12 - 14 years exp. (3 salaries)	₹22 L/yr - ₹69 L/yr 42% less
Morgan Stanley Principal Engineer Salary 7 - 13 years exp. (8 salaries)	₹22 L/yr - ₹38 L/yr 64% less
NatWest Group Principal Engineer Salary 12 - 20 years exp. (86 salaries)	₹25.5 L/yr - ₹53.5 L/yr 56% less
Standard Chartered Principal Engineer Salary 6 - 19 years exp. (16 salaries)	₹19.3 L/yr - ₹50 L/yr 54% less

Principal Engineer salary at Bank of America ranges between ₹78.9 Lakhs to ₹87.2 Lakhs per year for employees with 18 years of experience. Salary estimates are based on 1 latest salaries received from various employees of Bank of America.

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Top skills at Bank of America for Principal Engineer

Cost Reduction Production Support Application Development Information Technology Quality Systems Consulting Middleware Corporate Training Risk Management Sharepoint Six Sigma Scrutiny Change Management Assembly Import Management

Salary related reviews for Bank of America

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

Dislikes

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

Team Lead in Gurgaon / Gurugram

Full Time

Engineering - Software & QA Department

4.0

• posted on 28 Jan 2022

4.0

for Salary and Benefits

Likes

Being an employee you'll get everything you'd ask for. A good work life balance, handsome package (though it depends on your last salary), nice work location with hefty of employee benefits including personal and family insurance. Overall this organisation takes care of its employees in a decent manner. P.S - There are few flaws but can be dealt easily.

Dislikes

The management plays a very vital role in terms of employees growth. Few are over burdened at the other hand few are on relaxing mode. The task allocation should be equal and associate should push to learn new things so that everyone can be involved equally. Secondly, associates who contributes in major tasks, should be recognized with better hike compared to others who are still in comfort zone.

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.

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

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.

Dislikes

Salary hikes are average when compared to other product/bank related companies.

Team Lead in Gurgaon / Gurugram

BFSI, Investments & Trading Department

5.0

• posted on 20 Feb 2022

4.0

for Salary and Benefits

Likes

Work life balance is super duper great, job security is like govt.job,management is very supportive and company policies are employee friendly.

Dislikes

Yearly bonus is very less as compared to other companies of same industry. No gifts on diwali, no monetary reward

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What people are saying about Bank of America

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cleanhakuna

1w (edited)

student at

Institute of Management Nirma University, Ahmedabad

Career advise for early years

Hi folks!! Want one advise for my early years in corporate. I am 23 yrs old and I am working in BofA for couple of years now and this is my first job. I have deep interest and skills to excel in core finance role (investment management) but the role at BofA is completely unrelated to it. To prove my metal, I have cleared CFA level 1&2 in my first attempt with top percentile (+MBA) but kind of stuck for right opportunity. Can anyone advise how should I approach to making a shift to my desired work (asset mgt)?

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Bank of America Principal Engineer Salary FAQs

What is the notice period for Principal Engineer at Bank of America?

According to AmbitionBox, 100% of the Bank of America Principal Engineers reported a notice period of 2 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Bank of America Principal Engineer Salaries

Bank of America Principal Engineer salary in India ranges between ₹78.9 Lakhs to ₹87.2 Lakhs. This is an estimate based on latest salaries received from employees of Bank of America.