Bank of America SDE (Software Development Engineer) Salaries by 9 Employees

0 - 4 years exp.

₹7.5 Lakhs - ₹20 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

62% less than the average SDE (Software Development Engineer) Salary in Banking Companies for 0 - 4 years of experience

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Last Updated: 25 Mar 2023

Companies similar to Bank of America for SDE (Software Development Engineer)

Company name	Avg Annual Salary	Open Jobs
Standard Chartered SDE (Software Development Engineer) Salary Fresher (4 salaries)	₹16 L/yr - ₹17.2 L/yr 61% more
Deutsche Bank SDE (Software Development Engineer) Salary 0 - 1 year exp. (4 salaries)	₹19.6 L/yr - ₹20 L/yr 89% more
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NatWest Group SDE (Software Development Engineer) Salary Fresher (3 salaries)	₹10.5 L/yr - ₹11 L/yr 1% more
Amazon SDE (Software Development Engineer) Salary 0 - 10 years exp. (769 salaries)	₹35.4 L/yr - ₹80 L/yr 365% more
Google SDE (Software Development Engineer) Salary 0 - 8 years exp. (215 salaries)	₹20 L/yr - ₹87.6 L/yr 374% more

SDE (Software Development Engineer) salary at Bank of America ranges between ₹7.5 Lakhs to ₹20 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 9 latest salaries received from various employees of Bank of America.

Experience wise Bank of America SDE (Software Development Engineer) salaries

Last Updated: 25 Mar 2023

Experience	Avg Annual Salary
Fresher (7 salaries)	₹8.5 L/yr - ₹12 L/yr
2 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹8.6 L/yr
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4 years (AmbitionBox Estimate)	₹18 L/yr - ₹23 L/yr

Salary related reviews for Bank of America

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.

Team Member in New Delhi

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 14 Oct 2024

1.0

for Salary and Benefits

Likes

Nodal Pickup and home drop- both side cab

Job security - Good

Dislikes

Salary× Promotion /ratings× Hike doesn't even cover the inflation rates Some processes are good but mine was the worst Won't hire people even if we have loads of volumes for atleast 11 months a year. Indirectly pressure the employees to extend without any extra pay No night allowance Cafeteria is quite expensive for the allowance we are provided- 1300 per month Overcrowded workspaces No trips No outings

Salary - Bad

+3 more

Assistant Vice President in Chennai

Full Time

Engineering - Software & QA Department

1.0

• posted on 04 Oct 2024

5.0

for Salary and Benefits

Likes

Organization is beautifully structured ,salary wise and other benefits are very good

Salary - Excellent

Dislikes

Management is damn worst and they literally torcher without listening the issues from employees ,for new entry mid level seniors it's very very tough to survive...lots of politics and tech stack wise is very old we work

Skill development - Bad

+4 more

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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 SDE (Software Development Engineer) Salary FAQs

What is the salary of SDE (Software Development Engineer) at Bank of America ?

The average salary of a SDE (Software Development Engineer) at Bank of America in India typically ranges from ₹7.5 Lakhs to ₹20.0 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of SDE (Software Development Engineer) at Bank of America earn more than ₹16.8 Lakhs per year, and the top 1% earn over ₹20.0 Lakhs per year. SDE (Software Development Engineer) 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 9 Bank of America employees in India.

What is the estimated take home salary of a SDE (Software Development Engineer) at Bank of America in India?

The estimated take-home salary of a SDE (Software Development Engineer) at Bank of America in India typically ranges from ₹75,576 to ₹77,534 per month. This is based on the average salary range of ₹7.5 Lakhs to ₹20.0 Lakhs per year for employees with experience ranging from Fresher to 4 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 9 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 SDE (Software Development Engineer) in India?

Google	₹20.0 Lakhs to ₹87.6 Lakhs per year
Amazon	₹35.4 Lakhs to ₹80.0 Lakhs per year
Deutsche Bank	₹19.6 Lakhs to ₹20.0 Lakhs per year
Standard Chartered	₹16.0 Lakhs to ₹17.2 Lakhs per year
NatWest Group	₹10.5 Lakhs to ₹11.0 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.

How the salary growth look like for a SDE (Software Development Engineer) at Bank of America in India?

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

Experience	Average Salary Range
Fresher	₹8.5 Lakhs to ₹12.0 Lakhs per year
2 years	₹6.8 Lakhs to ₹8.6 Lakhs per year
4 years	₹18.0 Lakhs to ₹23.0 Lakhs per year

and so on.

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Bank of America SDE (Software Development Engineer) Salaries

Bank of America SDE (Software Development Engineer) salary in India ranges between ₹7.5 Lakhs to ₹20 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 Bank of America latest salaries received from various employees of Bank of America.

Bank of America SDE (Software Development Engineer) salaries in India

Companies similar to Bank of America for SDE (Software Development Engineer)

Experience wise Bank of America SDE (Software Development Engineer) salaries

Salary related reviews for Bank of America

Process Associate in Mumbai

Assistant Vice President in Mumbai

Manager in Mumbai

Team Member in New Delhi

Assistant Vice President in Chennai

Bank of America SDE (Software Development Engineer) Salary FAQs

Tell us how to improve this page.