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Bank of America Process Associate salaries in India

Annual salary range
1 - 5 years exp.
₹1.2 Lakh - ₹4.8 Lakhs
Salary of majority employees
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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)
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₹2 L/yr - ₹3.8 L/yr

BFSI, Investments & Trading
Process Associate Salary
1 - 4 years exp. (5 salaries)
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₹1.5 L/yr - ₹3 L/yr

Finance & Accounting
Process Associate Salary
2 - 4 years exp. (5 salaries)
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₹2.1 L/yr - ₹4.8 L/yr

Risk Management & Compliance
Process Associate Salary
1 - 3 years exp. (3 salaries)
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₹2.9 L/yr - ₹3.8 L/yr

Procurement & Supply Chain
Process Associate Salary
1 - 2 years exp. (AmbitionBox Estimate)
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₹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
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NatWest Group Process Associate Salary

1 - 7 years exp. (116 salaries)

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₹2 L/yr - ₹7.6 L/yr

arrow icon 35% more
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Barclays Process Associate Salary

0 - 7 years exp. (114 salaries)

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₹1 L/yr - ₹7.1 L/yr

arrow icon 47% more
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₹2 L/yr - ₹6 L/yr

arrow icon 33% more
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ICICI Bank Process Associate Salary

1 - 4 years exp. (77 salaries)

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₹1 L/yr - ₹4.2 L/yr

arrow icon 5% less
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Deutsche Bank Process Associate Salary

1 - 10 years exp. (48 salaries)

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₹2.1 L/yr - ₹9.5 L/yr

arrow icon 91% more
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HDFC Bank Process Associate Salary

1 - 7 years exp. (36 salaries)

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₹1.2 L/yr - ₹5.4 L/yr

arrow icon 5% more
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Yes Bank Process Associate Salary

0 - 5 years exp. (28 salaries)

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₹1.6 L/yr - ₹3.5 L/yr

arrow icon 15% less
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IDFC FIRST Bank Process Associate Salary

0 - 8 years exp. (26 salaries)

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₹1.8 L/yr - ₹7.5 L/yr

arrow icon 15% more
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Standard Chartered Process Associate Salary

0 - 5 years exp. (19 salaries)

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₹1.1 L/yr - ₹6.3 L/yr

arrow icon 2% less
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ANZ Banking Group Process Associate Salary

0 - 9 years exp. (18 salaries)

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₹1.9 L/yr - ₹5.5 L/yr

arrow icon 39% more
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₹2.4 L/yr - ₹5.5 L/yr

arrow icon 44% more
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IndusInd Bank Process Associate Salary

4 - 7 years exp. (11 salaries)

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₹1.1 L/yr - ₹3.1 L/yr

arrow icon 17% less
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NatWest Markets Process Associate Salary

3 - 6 years exp. (9 salaries)

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₹3.8 L/yr - ₹5.5 L/yr

arrow icon 40% more
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HSBC Bank Process Associate Salary

1 - 9 years exp. (8 salaries)

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₹2.8 L/yr - ₹4.7 L/yr

arrow icon 22% more
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RBL Bank Process Associate Salary

2 - 10 years exp. (7 salaries)

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₹1.9 L/yr - ₹3.6 L/yr

arrow icon 15% less
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₹1 L/yr - ₹4 L/yr

arrow icon 1% less
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₹1.8 L/yr - ₹5 L/yr

arrow icon 12% more
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State Bank of India Process Associate Salary

0 - 4 years exp. (5 salaries)

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₹1 L/yr - ₹5.5 L/yr

arrow icon 5% less
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State Street Bank Process Associate Salary

2 - 6 years exp. (5 salaries)

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₹1.1 L/yr - ₹6 L/yr

arrow icon 34% more
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Federal Bank Process Associate Salary

0 - 3 years exp. (4 salaries)

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₹2 L/yr - ₹5 L/yr

arrow icon 1% more
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.

Latest annual salaries shared by Bank of America Process Associate

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Experience wise Bank of America Process Associate salaries

Last Updated: 24 Oct 2024

Experience Avg Annual Salary
1 year  (5 salaries)

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₹1.2 L/yr - ₹3.4 L/yr
2 years  (8 salaries)

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₹1.4 L/yr - ₹3.8 L/yr
3 years  (11 salaries)

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₹1.4 L/yr - ₹4.8 L/yr
4 years  (3 salaries)

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₹2 L/yr - ₹4.8 L/yr
5 years (AmbitionBox Estimate)

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₹3 L/yr - ₹3.6 L/yr
Bank of America Process Associate Salary and Career Growth

From

To

Process Associate

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1 - 5 years exp.

Vice President

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14 - 25 years exp.

Process Associate

1 - 5 years exp.
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Senior Process Associate

2 - 9 years exp.
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arrow icon 102% hike

Team Developer

2 - 12 years exp.
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arrow icon 28% hike
Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in Bank of America

Senior Associate Salary
(116 salaries)
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₹1.8 L/yr - ₹9.5 L/yr
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₹1.8 L/yr - ₹9.7 L/yr
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₹3.25 L/yr - ₹6 L/yr
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₹4 L/yr - ₹40 L/yr
Senior Analyst Salary
(898 salaries)
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₹9.56 L/yr - ₹30.08 L/yr
Accountant Salary
(3 salaries)
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₹3 L/yr - ₹5 L/yr
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₹2.4 L/yr - ₹5.1 L/yr
Analyst Salary
(759 salaries)
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₹8.25 L/yr - ₹24 L/yr
Accounting Staff Salary
(AmbitionBox Estimate)
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₹4.1 L/yr - ₹5.2 L/yr
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₹1.9 L/yr - ₹7.32 L/yr

Salary related reviews for Bank of America

4.3

Rated by 12 employees for salary & benefits

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.

read more

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.

read more
  • 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.

read more
  • Skill development - Poor
  • +2 more

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.

read more
  • 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.

read more

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.

read more
  • Salary - Poor
  • +5 more

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

read more
  • Salary - Poor
  • +1 more
see more salary related reviews

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Bank of America Process Associate Salary FAQs

What is the salary of Process Associate at Bank of America ?
The average salary of a Process Associate at Bank of America in India typically ranges from ₹1.2 Lakhs to ₹4.8 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Process Associate at Bank of America earn more than ₹4.1 Lakhs per year, and the top 1% earn over ₹4.8 Lakhs per year. Process Associate 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 estimates are based on salary data submitted by 20+ Bank of America employees in India.
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 in India typically ranges from ₹19,978 to ₹21,642 per month. This is based on the average salary range of ₹1.2 Lakhs to ₹4.8 Lakhs per year for employees with experience ranging from 1 year to 5 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 20+ salaries received from various employees of Bank of America. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Bank of America for Process Associate in India?
Deutsche Bank ₹2.1 Lakhs to ₹9.5 Lakhs per year
Barclays ₹1.0 Lakhs to ₹7.1 Lakhs per year
HSBC Global Banking and Markets ₹2.4 Lakhs to ₹5.5 Lakhs per year
NatWest Markets ₹3.8 Lakhs to ₹5.5 Lakhs per year
ANZ Banking Group ₹1.9 Lakhs to ₹5.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Bank of America, depending on the role and experience level.
What is the salary of a Process Associate in companies similar to Bank of America in India?
The salary of a Process Associate at companies similar to Bank of America in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

NatWest Group ₹2.0 Lakhs to ₹7.6 Lakhs per year
State Street Bank ₹1.1 Lakhs to ₹6.0 Lakhs per year
HSBC Electronic Data Processing ₹2.0 Lakhs to ₹6.0 Lakhs per year
HSBC Bank ₹2.8 Lakhs to ₹4.7 Lakhs per year
IDFC FIRST Bank ₹1.8 Lakhs to ₹7.5 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Process Associate at Bank of America in India?
The salary growth for a Process Associate at Bank of America depends on factors such as experience, performance, and promotions. On average, a Process Associate can expect the following growth trajectory at Bank of America:

Experience Average Salary Range
1 year ₹1.2 Lakhs to ₹3.4 Lakhs per year
2 years ₹1.4 Lakhs to ₹3.8 Lakhs per year
3 years ₹1.4 Lakhs to ₹4.8 Lakhs per year
4 years ₹2.0 Lakhs to ₹4.8 Lakhs per year
and so on.

Tell us how to improve this page.

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