Bank of America Principal Software Engineer Salaries by 2 Employees (Updated 2025)

12 - 16 years exp.

₹57.5 Lakhs - ₹63.5 Lakhs

Low Confidence

Avg. annual salary (AmbitionBox Estimate)

Monthly In-hand Salary

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Last Updated: 13 Feb 2025

Companies similar to Bank of America for Principal Software Engineer

Company name	Avg Annual Salary	Open Jobs
NatWest Group Principal Software Engineer Salary 12 - 13 years exp. (5 salaries)	₹20 L/yr - ₹45 L/yr 56% less
Standard Chartered Principal Software Engineer Salary 8 - 9 years exp. (4 salaries)	₹25 L/yr - ₹29 L/yr 58% less
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NatWest Markets Principal Software Engineer Salary 13 - 15 years exp. (4 salaries)	₹45.5 L/yr - ₹57 L/yr 21% less
Dell Principal Software Engineer Salary 8 - 18 years exp. (982 salaries)	₹19 L/yr - ₹53.2 L/yr 44% less	19 job openings
Oracle Principal Software Engineer Salary 8 - 18 years exp. (977 salaries)	₹16 L/yr - ₹55 L/yr 43% less	9 job openings

Principal Software Engineer salary at Bank of America ranges between ₹57.5 Lakhs to ₹63.5 Lakhs per year for employees with experience between 12 years to 16 years. Salary estimates are based on 2 latest salaries received from various employees of Bank of America.

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Salary related reviews for Bank of America

Software Developer in Chennai

Full Time

Engineering - Software & QA Department

4.0

• posted on 15 Sep 2023

5.0

for Salary and Benefits

Likes

... be lot of forums to present your ideas and showcase your talents. Benifits - Food card top up beyond salary, EV purchase benifits, Day care reimbursement, Health insurance, 2 way company transport, Flexible working hours Gym access Welness benifits 100% fixed pay

Salary - Excellent

+1 more

Dislikes

Tech stack is a bit old. They upgrade quite slow comapred to market. End of the day, what you do at the innovation side is given more weightage when it cmes to ratings, promotions, etc.

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.

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.

Salary - Good

+6 more

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.

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 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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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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Bank of America Principal Software Engineer Salary FAQs

How the salary growth look like for a Principal Software Engineer at Bank of America in India?

The salary growth for a Principal Software Engineer at Bank of America depends on factors such as experience, performance, and promotions. On average, a Principal Software Engineer can expect the following growth trajectory at Bank of America:

Experience	Average Salary Range
12 years	₹18.0 Lakhs to ₹23.0 Lakhs per year
15 years	₹96.0 Lakhs to ₹106.1 Lakhs per year

and so on.

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Bank of America Principal Software Engineer Salaries

Bank of America Principal Software Engineer salary in India ranges between ₹57.5 Lakhs to ₹63.5 Lakhs. This is an estimate based on latest salaries received from employees of Bank of America.

Bank of America Principal Software Engineer salaries in India (Updated 2025)

Companies similar to Bank of America for Principal Software Engineer

Similar Designation salaries in Bank of America

Salary related reviews for Bank of America

Software Developer in Chennai

Senior Software Engineer in Mumbai

Team Lead in Gurgaon / Gurugram

Senior Software Engineer in Hyderabad / Secunderabad

Senior Software Engineer in Hyderabad / Secunderabad

Bank of America Principal Software Engineer Salary FAQs

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