Bank of America Process Associate Salaries by 20+ Employees (Updated 2025)

1 - 5 years exp.

₹1.2 Lakh - ₹4.8 Lakhs

Salary of majority employees

11% less than the average Process Associate Salary in Banking Companies for 1 - 5 years of experience

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Salaries in different departments

Customer Success, Service & Operations Process Associate Salary 2 - 5 years exp. (8 salaries)	₹2 L/yr - ₹3.8 L/yr
BFSI, Investments & Trading Process Associate Salary 1 - 4 years exp. (5 salaries)	₹1.5 L/yr - ₹3 L/yr
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Finance & Accounting Process Associate Salary 2 - 4 years exp. (5 salaries)	₹2.1 L/yr - ₹4.8 L/yr
Risk Management & Compliance Process Associate Salary 1 - 3 years exp. (3 salaries)	₹2.9 L/yr - ₹3.8 L/yr
Procurement & Supply Chain Process Associate Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹1.2 L/yr - ₹2.3 L/yr

Last Updated: 24 Oct 2024

Companies similar to Bank of America for Process Associate

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Process Associate Salary 4 - 14 years exp. (64 salaries)	₹4.2 L/yr - ₹18.1 L/yr 269% more
Wells Fargo Process Associate Salary 0 - 5 years exp. (92 salaries)	₹2.1 L/yr - ₹7.5 L/yr 31% more
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Goldman Sachs Process Associate Salary 0 - 14 years exp. (11 salaries)	₹6.5 L/yr - ₹21 L/yr 407% more
Morgan Stanley Process Associate Salary 1 - 9 years exp. (21 salaries)	₹4.3 L/yr - ₹14.1 L/yr 193% more
HSBC Group Process Associate Salary 1 - 6 years exp. (116 salaries)	₹2 L/yr - ₹6.5 L/yr 43% more
Barclays PLC Process Associate Salary 1 year exp. (4 salaries)	₹1.2 L/yr - ₹2.6 L/yr 24% less
UBS Process Associate Salary 2 - 6 years exp. (4 salaries)	₹2.1 L/yr - ₹4.5 L/yr 57% more
NatWest Group Process Associate Salary 1 - 7 years exp. (116 salaries)	₹2 L/yr - ₹7.6 L/yr 35% more
Barclays Process Associate Salary 0 - 7 years exp. (114 salaries)	₹1 L/yr - ₹7.1 L/yr 47% more
ICICI Bank Process Associate Salary 1 - 4 years exp. (77 salaries)	₹1 L/yr - ₹4.2 L/yr 6% less

View all

Process Associate salary at Bank of America ranges between ₹1.2 Lakh to ₹4.8 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 29 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Process Associate salaries

Last Updated: 24 Oct 2024

Experience	Avg Annual Salary
1 year (5 salaries)	₹1.2 L/yr - ₹3.4 L/yr
2 years (8 salaries)	₹1.4 L/yr - ₹3.8 L/yr
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3 years (11 salaries)	₹1.4 L/yr - ₹4.8 L/yr
4 years (3 salaries)	₹2 L/yr - ₹4.8 L/yr
5 years (AmbitionBox Estimate)	₹3 L/yr - ₹3.6 L/yr

From

Process Associate

₹

Lakhs/yr

1 - 5 years exp.

Vice President

₹

Lakhs/yr

14 - 25 years exp.

Process Associate 1 - 5 years exp.

Senior Process Associate 2 - 9 years exp.

103% hike

Team Developer 3 - 12 years exp.

26% hike

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Salary related reviews for Bank of America

4.3

Rated by 12 employees for salary & benefits

Process Associate in Mindspace, Hyderabad

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 16 Jan 2023

5.0

for Salary and Benefits

Likes

Its a good company to work with good place to improve ur banking skills & also very secured for girl employees

Salary - Excellent

+4 more

Dislikes

Very selective in giving bonus hikes & goodies. Very much target oriented non performers gets very less encouragement.

Analyst in Gurgaon / Gurugram

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 07 May 2023

3.0

for Salary and Benefits

Likes

The pay is on time, reimbursements are not a problem. Lot of free time and not much stress over deadlines.

Job security - Excellent

+1 more

Dislikes

No deadline stress means no motivation to at all complete work. No promotions, you could possibly retire without a promotion, I seem to be on that journey right now. Also, any harassment complaints fall on deaf ears, even if you are a female employee..the harasser will just be moved to a different department.

Skill development - Poor

+2 more

Senior Analyst in Mumbai

GIS Department

5.0

• posted on 27 Jan 2022

5.0

for Salary and Benefits

Likes

...d it's the company with a great work ethics, work life balance and job security. Salary is all fixed + Sodexo & transport as an extra benefits. But since it's a bank, lot of projects are on legacy and switching from one technology to another is so difficult, it's only possible if you have good relations with leadership.

Salary - Excellent

+6 more

Dislikes

Since it's a bank so lot of legacy project and some of the guys working in a project from 10-12 years. So it's quiet difficult to get a good latest technology project or if you want to switch technology then you should have good relationship with manager. The other problem is with their is nothing like HR, they always say we are here for you but they are for managers only, and there is no value of associate in their eyes. They just came in picture for selling parental insurance, diversity and throwing policies on associates.

Senior Analyst in Chennai

EDMA Department

1.0

• posted on 09 Mar 2022

2.0

for Salary and Benefits

Likes

Nothing exceptional , just an another service class company.

Job security - Good

Dislikes

Service class company with senior posts occupied from TCS return candidates. selectivitism in salary hikes and promotions. dont join if you are looking for career growth.

Salary - Poor

+5 more

Analyst in Chennai

Engineering - Software & QA Department

4.0

• posted on 11 Jun 2021

2.0

for Salary and Benefits

Likes

Work life balance is great and opportunities for learning

Skill development - Excellent

+4 more

Dislikes

Compensation normalisation is really weak, you need to negotiate and join with good salary, else your pay will be low , even comparing with campus grad

Salary - Poor

+1 more

see more salary related reviews

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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Bank of America Process Associate Salary FAQs

What is the salary of Process Associate at Bank of America?

Process Associate salary at Bank of America in India ranges between ₹1.2 Lakhs to ₹4.8 Lakhs for experience between 1 years to 5 years. According to our estimates it is 11% less than the average Process Associate Salary in India. Salary estimates are based on 29 latest salaries received from various employees of Bank of America India.

How does the salary of a Process Associate at Bank of America India compare with the average salary range for this job?

The average salary of a Process Associate at Bank of America is 11% less than the average salary of a Process Associate in India. To know exact salary insights, login to view.

Which similar companies are paying more than Bank of America to a Process Associate in India?

Goldman Sachs Process Associate Salary - ₹6.5 Lakhs to ₹21.0 Lakhs per year
JPMorgan Chase & Co. Process Associate Salary - ₹4.2 Lakhs to ₹18.1 Lakhs per year
Morgan Stanley Process Associate Salary - ₹4.3 Lakhs to ₹14.1 Lakhs per year
Deutsche Bank Process Associate Salary - ₹1.8 Lakhs to ₹9.0 Lakhs per year
UBS Process Associate Salary - ₹2.1 Lakhs to ₹4.5 Lakhs per year

What is the salary of a Process Associate in companies similar to Bank of America in India?

Barclays Process Associate Salary - ₹1.0 Lakhs to ₹7.1 Lakhs per year
HSBC Group Process Associate Salary - ₹2.0 Lakhs to ₹6.5 Lakhs per year
ANZ Banking Group Process Associate Salary - ₹1.9 Lakhs to ₹5.5 Lakhs per year
NatWest Group Process Associate Salary - ₹2.0 Lakhs to ₹7.6 Lakhs per year
Wells Fargo Process Associate Salary - ₹2.1 Lakhs to ₹7.5 Lakhs per year

What is the estimated take home salary of a Process Associate at Bank of America in India?

The estimated take-home salary of a Process Associate at Bank of America ranges between ₹19,978 per month to ₹21,642 per month in India. The take-home salary calculation is based on the average Bank of America Process Associate salary in India which ranges between ₹1.2 Lakhs to ₹4.8 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Process Associate at Bank of America?

According to AmbitionBox, 33% of the Bank of America Process Associates reported a notice period of 15 days or less, 34% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 15 responses on AmbitionBox in last 2 years.

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Bank of America Process Associate Salaries

Bank of America Process Associate salary in India ranges between ₹1.2 Lakh to ₹4.8 Lakhs with an average annual salary of ₹. Salary estimates are based on 29 Bank of America latest salaries received from various employees of Bank of America.