Bank of America Process Associate Salaries by 20+ Employees

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
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
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HSBC Electronic Data Processing Process Associate Salary 0 - 9 years exp. (94 salaries)	₹2 L/yr - ₹6 L/yr 33% more
ICICI Bank Process Associate Salary 1 - 4 years exp. (77 salaries)	₹1 L/yr - ₹4.2 L/yr 5% less
Deutsche Bank Process Associate Salary 1 - 10 years exp. (48 salaries)	₹2.1 L/yr - ₹9.5 L/yr 91% more
HDFC Bank Process Associate Salary 1 - 7 years exp. (36 salaries)	₹1.2 L/yr - ₹5.4 L/yr 5% more
Yes Bank Process Associate Salary 0 - 5 years exp. (28 salaries)	₹1.6 L/yr - ₹3.5 L/yr 15% less
IDFC FIRST Bank Process Associate Salary 0 - 8 years exp. (26 salaries)	₹1.8 L/yr - ₹7.5 L/yr 15% more
Standard Chartered Process Associate Salary 0 - 5 years exp. (19 salaries)	₹1.1 L/yr - ₹6.3 L/yr 2% less
ANZ Banking Group Process Associate Salary 0 - 9 years exp. (18 salaries)	₹1.9 L/yr - ₹5.5 L/yr 39% more
HSBC Global Banking and Markets Process Associate Salary 0 - 5 years exp. (16 salaries)	₹2.4 L/yr - ₹5.5 L/yr 44% more
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IndusInd Bank Process Associate Salary 4 - 7 years exp. (11 salaries)	₹1.1 L/yr - ₹3.1 L/yr 17% less
NatWest Markets Process Associate Salary 3 - 6 years exp. (9 salaries)	₹3.8 L/yr - ₹5.5 L/yr 40% more
HSBC Bank Process Associate Salary 1 - 9 years exp. (8 salaries)	₹2.8 L/yr - ₹4.7 L/yr 22% more
RBL Bank Process Associate Salary 2 - 10 years exp. (7 salaries)	₹1.9 L/yr - ₹3.6 L/yr 15% less
Equitas Small Finance Bank Process Associate Salary 0 - 8 years exp. (6 salaries)	₹1 L/yr - ₹4 L/yr 1% less
AU Small Finance Bank Process Associate Salary 0 - 5 years exp. (6 salaries)	₹1.8 L/yr - ₹5 L/yr 12% more
State Bank of India Process Associate Salary 0 - 4 years exp. (5 salaries)	₹1 L/yr - ₹5.5 L/yr 5% less
State Street Bank Process Associate Salary 2 - 6 years exp. (5 salaries)	₹1.1 L/yr - ₹6 L/yr 34% more
Federal Bank Process Associate Salary 0 - 3 years exp. (4 salaries)	₹2 L/yr - ₹5 L/yr 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.

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.

102% hike

Team Developer

2 - 12 years exp.

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.

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₹3 L/yr - ₹5 L/yr

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₹8.25 L/yr - ₹24 L/yr

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(AmbitionBox Estimate)

₹4.1 L/yr - ₹5.2 L/yr

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(37 salaries)

₹1.9 L/yr - ₹7.32 L/yr

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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Salary Discussions, Hike & Promotions

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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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.

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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.