Bank of America Procurement Specialist Salaries by 6 Employees

8 - 14 years exp.

₹7.5 Lakhs - ₹14.5 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

56% more than the average Procurement Specialist Salary in Banking Companies for 8 - 14 years of experience

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Last Updated: 10 Aug 2024

Companies similar to Bank of America for Procurement Specialist

Company name	Avg Annual Salary	Open Jobs
Standard Chartered Procurement Specialist Salary 4 - 6 years exp. (4 salaries)	₹6.7 L/yr - ₹8.3 L/yr 28% less
Barclays Procurement Specialist Salary 5 - 13 years exp. (3 salaries)	₹6 L/yr - ₹10 L/yr 31% less
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Flex Procurement Specialist Salary 3 - 10 years exp. (510 salaries)	₹3.5 L/yr - ₹8.2 L/yr 36% less
IBM Procurement Specialist Salary 0 - 6 years exp. (388 salaries)	₹2.1 L/yr - ₹9.3 L/yr 54% less
DuPont Procurement Specialist Salary 0 - 5 years exp. (260 salaries)	₹2.5 L/yr - ₹6.9 L/yr 61% less

Procurement Specialist salary at Bank of America ranges between ₹7.5 Lakhs to ₹14.5 Lakhs per year for employees with experience between 8 years to 14 years. Salary estimates are based on 6 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Procurement Specialist salaries

Last Updated: 10 Aug 2024

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr
9 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹9.5 L/yr
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10 years (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.9 L/yr
11 years (AmbitionBox Estimate)	₹9.6 L/yr - ₹12.2 L/yr
12 years (AmbitionBox Estimate)	₹10.6 L/yr - ₹13.6 L/yr
13 years (AmbitionBox Estimate)	₹11.7 L/yr - ₹15 L/yr
14 years (AmbitionBox Estimate)	₹12.8 L/yr - ₹16.3 L/yr

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Salary related reviews for Bank of America

3.0

Rated by 1 employees for salary & benefits

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.

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.

Salary - Good

+6 more

Dislikes

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

Process Associate in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 28 Mar 2025

1.0

for Salary and Benefits

Likes

...e was good but now India Mumbai site leadership gang just exploiting employee...for their bonus and promotion..they are paying less to employees and keeping all the money in their pockets

Dislikes

Office politics. you can't grow if you are not part of gang ...old employee are forced to leave the company as now they are good for nothing for leadership team.....all the leaders got promotion because of old employees hard work but now they forgot everything and they are making their life miserable

Salary - Bad

+4 more

Assistant Vice President in Mumbai

Full Time

Project & Program Management Department

2.0

• posted on 16 Mar 2025

2.0

for Salary and Benefits

Likes

Work life balance Continue to work here if you are not looking for any growth and are happy with little increments every year. Outdated process etc

Job security - Good

Dislikes

Toxic work culture Bad managers No recognition No promotion Not good increments No bonus List goes on...

Salary - Poor

+4 more

Manager in Mumbai

Full Time

Other Department

5.0

• posted on 13 Feb 2025

5.0

for Salary and Benefits

Likes

... 8 lacks. Insurance for parents/aws. Sodexo food card with 1300 monthly balance. Yearly bonus. Cab facility if you are not availing it can be get transport allowance upto 1800 monthly.

Salary - Excellent

+6 more

Dislikes

Favoritism is there in internal leadership. Promotion cycle are long if you are an average performer.

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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 Procurement Specialist Salary FAQs

What is the salary of Procurement Specialist at Bank of America ?

The average salary of a Procurement Specialist at Bank of America in India typically ranges from ₹7.5 Lakhs to ₹14.5 Lakhs per year, depending on experience (from 8 years to 14 years).

The top 10% of Procurement Specialist at Bank of America earn more than ₹14.4 Lakhs per year, and the top 1% earn over ₹14.5 Lakhs per year. Procurement Specialist 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 6 Bank of America employees in India.

What is the estimated take home salary of a Procurement Specialist at Bank of America in India?

The estimated take-home salary of a Procurement Specialist at Bank of America in India typically ranges from ₹76,782 to ₹78,774 per month. This is based on the average salary range of ₹7.5 Lakhs to ₹14.5 Lakhs per year for employees with experience ranging from 8 years to 14 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 6 salaries received from various employees of Bank of America. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Procurement Specialist in companies similar to Bank of America in India?

The salary of a Procurement Specialist at companies similar to Bank of America in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Standard Chartered	₹6.7 Lakhs to ₹8.3 Lakhs per year
Barclays	₹6.0 Lakhs to ₹10.0 Lakhs per year
Flex	₹3.5 Lakhs to ₹8.2 Lakhs per year
IBM	₹2.1 Lakhs to ₹9.3 Lakhs per year
DuPont	₹2.5 Lakhs to ₹6.9 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 Procurement Specialist at Bank of America in India?

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

Experience	Average Salary Range
8 years	₹6.8 Lakhs to ₹8.6 Lakhs per year
9 years	₹7.5 Lakhs to ₹9.5 Lakhs per year
10 years	₹8.5 Lakhs to ₹10.9 Lakhs per year
11 years	₹9.6 Lakhs to ₹12.2 Lakhs per year

and so on.

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Bank of America Procurement Specialist Salaries

Bank of America Procurement Specialist salary in India ranges between ₹7.5 Lakhs to ₹14.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 Bank of America latest salaries received from various employees of Bank of America.