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Bank of America Senior Software Engineer salaries in Mumbai (Updated 2025)

Annual salary range
3 - 13 years exp.
₹8.2 Lakhs - ₹34 Lakhs
Salary of majority employees
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35% more than the average Senior Software Engineer Salary in Banking Companies for 3 - 13 years of experience

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Salaries in different departments

Engineering - Software & QA
Senior Software Engineer Salary
4 - 13 years exp. (125 salaries)
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₹8.8 L/yr - ₹38 L/yr

IT & Information Security
Senior Software Engineer Salary
4 - 10 years exp. (11 salaries)
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₹11.9 L/yr - ₹29.5 L/yr

Engineering - Hardware & Networks
Senior Software Engineer Salary
4 - 11 years exp. (7 salaries)
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₹8.1 L/yr - ₹26.5 L/yr

Data Science & Analytics
Senior Software Engineer Salary
4 - 6 years exp. (4 salaries)
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₹10 L/yr - ₹21 L/yr

Last Updated: 22 Mar 2025

Companies similar to Bank of America for Senior Software Engineer in Mumbai

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Bank of America Senior Software Engineer Salary

3 - 13 years exp. (182 salaries)

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₹8.2 L/yr - ₹34 L/yr

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Company name Avg Annual Salary Open Jobs
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HDFC Bank Senior Software Engineer Salary

3 - 9 years exp. (15 salaries)

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₹5.5 L/yr - ₹14.5 L/yr

arrow icon 55% less
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₹12.8 L/yr - ₹32.9 L/yr

arrow icon 5% more
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ICICI Bank Senior Software Engineer Salary

2 - 10 years exp. (7 salaries)

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₹4.7 L/yr - ₹9 L/yr

arrow icon 60% less
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Yes Bank Senior Software Engineer Salary

4 - 8 years exp. (4 salaries)

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₹10 L/yr - ₹12 L/yr

arrow icon 47% less
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RBL Bank Senior Software Engineer Salary

2 - 11 years exp. (4 salaries)

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₹6 L/yr - ₹21.8 L/yr

arrow icon 38% less
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₹21.2 L/yr - ₹30 L/yr

arrow icon 14% more
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₹10.8 L/yr - ₹30 L/yr

arrow icon 35% more
Senior Software Engineer salary at Bank of America ranges between ₹8.2 Lakhs to ₹34 Lakhs per year for employees with experience between 3 years to 13 years. Salary estimates are based on 182 latest salaries received from various employees of Bank of America.

Latest annual salaries shared by Bank of America Senior Software Engineer in Mumbai

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Experience wise Bank of America Senior Software Engineer salaries in Mumbai

Last Updated: 22 Mar 2025

Experience Avg Annual Salary
3 years  (19 salaries)

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₹6 L/yr - ₹12.5 L/yr
4 years  (32 salaries)

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₹6 L/yr - ₹20 L/yr
5 years  (32 salaries)

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₹7.2 L/yr - ₹23 L/yr
6 years  (27 salaries)

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₹8.7 L/yr - ₹22.2 L/yr
7 years  (24 salaries)

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₹8.9 L/yr - ₹27 L/yr
View all
Bank of America Senior Software Engineer Salary and Career Growth

From

To

Senior Software Engineer

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4 - 13 years exp.

Vice President

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14 - 25 years exp.

Senior Software Engineer

4 - 13 years exp.
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Senior Analyst

4 - 15 years exp.
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arrow icon 6% hike

Analyst Lead

8 - 15 years exp.
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arrow icon -12% hike

From

To

Senior Software Engineer

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4 - 13 years exp.

Software Engineer III

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9 - 15 years exp.

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

Software Engineer Salary
(211 salaries)
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₹6.8 L/yr - ₹28.28 L/yr
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₹6 L/yr - ₹24.5 L/yr
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₹11 L/yr - ₹29 L/yr
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₹27 L/yr - ₹30 L/yr
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₹2.74 L/yr - ₹17.07 L/yr
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₹25 L/yr - ₹30 L/yr

Top skills at Bank of America for Senior Software Engineer

Risk Management Asset Management Monitoring Production Support Automation Unix Talent Acquisition Change Management Application Development Problem Management Python Windows Linux Application Support Oracle

Salary related reviews for Bank of America

4.6

Rated by 21 employees for salary & benefits

Full Time

 · 

Engineering - Software & QA Department

4.0
  •  posted on 05 Jul 2023

4.0
 for  Salary and Benefits

Likes

Employee Friendly, Flexible work hours, competitive salary, Good Office infrastructure

read more
  • Salary - Good
  • +5 more

Dislikes

Long term career growth is difficult, too much competition to reach higher job roles, employee skills not utilized correctly.

read more

Engineering - Software & QA Department

3.0
  •  posted on 29 Jan 2022

1.0
 for  Salary and Benefits

Likes

...de jobs( you will not have any focus or knowledge on open source technologies) Pay is not so great compared to other competitors.

read more
  • Job security - Good

Dislikes

No open source technologies, you will post all your skills.. better to avoid this company. Do not choose GMSP - Fixed income projects.. all GMSP projects using quartz framework. No incentive,no bonus only fixed income. P

read more
  • Salary - Bad
  • +4 more

Production, Manufacturing & Engineering Department

4.0
  •  posted on 21 Apr 2022

3.0
 for  Salary and Benefits

Likes

Work culture is very good and work life balance is impressive. Everyone in the office very cooperate and helping in nature. Managers and HR partners are very helpful. They will listen to your queries patiently and help you as soon as they can.

read more
  • Job security - Excellent
  • +4 more

Dislikes

Salary hikes are average when compared to other product/bank related companies.

read more

Full Time

 · 

Engineering - Software & QA Department

4.0
  •  posted on 15 Sep 2023

5.0
 for  Salary and Benefits

Likes

... be lot of forums to present your ideas and showcase your talents. Benifits - Food card top up beyond salary, EV purchase benifits, Day care reimbursement, Health insurance, 2 way company transport, Flexible working hours Gym access Welness benifits 100% fixed pay

read more
  • Salary - Excellent
  • +1 more

Dislikes

Tech stack is a bit old. They upgrade quite slow comapred to market. End of the day, what you do at the innovation side is given more weightage when it cmes to ratings, promotions, etc.

read more

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.

read more
  • 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.

read more
see more salary related reviews

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Bank of America Senior Software Engineer Salary FAQs

What is the salary of Senior Software Engineer at Bank of America in Mumbai?
The average salary of a Senior Software Engineer at Bank of America in Mumbai typically ranges from ₹8.2 Lakhs to ₹34.0 Lakhs per year, depending on experience (from 3 years to 13 years).

The top 10% of Senior Software Engineer in Mumbai at Bank of America earn more than ₹24.0 Lakhs per year, and the top 1% earn over ₹32.6 Lakhs per year. Senior Software 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 100+ Bank of America employees in India.
What is the estimated take home salary of a Senior Software Engineer at Bank of America in Mumbai?
The estimated take-home salary of a Senior Software Engineer at Bank of America in Mumbai typically ranges from ₹1,28,892 to ₹1,33,333 per month. This is based on the average salary range of ₹8.2 Lakhs to ₹34.0 Lakhs per year for employees with experience ranging from 3 years to 13 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 100+ salaries received from various employees of Bank of America. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Senior Software Engineer at Bank of America in Mumbai?
To be a Senior Software Engineer at Bank of America in Mumbai, the key skills required include:

  • - Risk Management
  • - Asset Management
  • - Monitoring
  • - Production Support
  • - Automation

These skills are highly valued at Bank of America and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Bank of America for Senior Software Engineer in India?
Deutsche Bank ₹10.8 Lakhs to ₹30.0 Lakhs per year
NatWest Group ₹21.2 Lakhs to ₹30.0 Lakhs per year
IDFC FIRST Bank ₹12.8 Lakhs to ₹32.9 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 Senior Software Engineer in companies similar to Bank of America in Mumbai?
The salary of a Senior Software Engineer at companies similar to Bank of America in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

RBL Bank ₹6.0 Lakhs to ₹21.8 Lakhs per year
Yes Bank ₹10.0 Lakhs to ₹12.0 Lakhs per year
HDFC Bank ₹5.5 Lakhs to ₹14.5 Lakhs per year
ICICI Bank ₹4.7 Lakhs to ₹9.0 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 Senior Software Engineer at Bank of America in Mumbai?
The salary growth for a Senior Software Engineer at Bank of America in Mumbai depends on factors such as experience, performance, and promotions. On average, a Senior Software Engineer in Mumbai can expect the following growth trajectory at Bank of America:

Experience Average Salary Range
3 years ₹6.0 Lakhs to ₹12.5 Lakhs per year
4 years ₹6.0 Lakhs to ₹20.0 Lakhs per year
5 years ₹7.2 Lakhs to ₹23.0 Lakhs per year
6 years ₹8.7 Lakhs to ₹22.2 Lakhs per year
and so on.

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Bank of America Senior Software Engineer salary in Mumbai ranges between ₹8.2 Lakhs to ₹34 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 182 Bank of America latest salaries received from various employees of Bank of America.