Bank of America Mumbai Senior Software Engineer Salaries by 100+ Employees (Updated 2025)

4 - 13 years exp.

₹9.3 Lakhs - ₹38 Lakhs

Avg. annual salary

Monthly In-hand Salary

50% more than the average Senior Software Engineer Salary in Banking Companies for 4 - 13 years of experience

Interested in this particular role?

Salaries in different departments

Engineering - Software & QA Senior Software Engineer Salary 4 - 13 years exp. (123 salaries)	₹9.1 L/yr - ₹38 L/yr
IT & Information Security Senior Software Engineer Salary 4 - 10 years exp. (11 salaries)	₹11.8 L/yr - ₹29.5 L/yr
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Engineering - Hardware & Networks Senior Software Engineer Salary 4 - 11 years exp. (7 salaries)	₹8.1 L/yr - ₹27.9 L/yr
Data Science & Analytics Senior Software Engineer Salary 4 - 6 years exp. (4 salaries)	₹10 L/yr - ₹21 L/yr

Last Updated: 2 Apr 2025

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

Bank of America Senior Software Engineer Salary

4 - 13 years exp. (169 salaries)

₹9.3 L/yr - ₹38 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Senior Software Engineer Salary 3 - 9 years exp. (15 salaries)	₹5.5 L/yr - ₹14.5 L/yr 60% less
IDFC FIRST Bank Senior Software Engineer Salary 4 - 8 years exp. (13 salaries)	₹14.1 L/yr - ₹32.9 L/yr 6% less
Login to view exact salary
ICICI Bank Senior Software Engineer Salary 2 - 10 years exp. (7 salaries)	₹4.7 L/yr - ₹9 L/yr 65% less
IndusInd Bank Senior Software Engineer Salary 5 - 8 years exp. (4 salaries)	₹14.1 L/yr - ₹28 L/yr 14% less
Yes Bank Senior Software Engineer Salary 4 - 8 years exp. (4 salaries)	₹10 L/yr - ₹12 L/yr 53% less
RBL Bank Senior Software Engineer Salary 2 - 11 years exp. (4 salaries)	₹6 L/yr - ₹21.8 L/yr 45% less
NatWest Group Senior Software Engineer Salary 5 - 7 years exp. (4 salaries)	₹21.3 L/yr - ₹30 L/yr 1% more
Deutsche Bank Senior Software Engineer Salary 7 - 8 years exp. (3 salaries)	₹10.8 L/yr - ₹30 L/yr 19% more

Senior Software Engineer salary at Bank of America ranges between ₹9.3 Lakhs to ₹38 Lakhs per year for employees with experience between 4 years to 13 years. Salary estimates are based on 169 latest salaries received from various employees of Bank of America.

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

1w ago

₹35 Lakhs

8 years exp.

1w ago

₹28 Lakhs

8 years exp.

2w ago

₹35 Lakhs

8 years exp.

2w ago

₹35 Lakhs

8 years exp.

2w ago

₹35 Lakhs

8 years exp.

2w ago

10 years exp.

2w ago

8 years exp.

3w ago

8 years exp.

3w ago

13 years exp.

1mo ago

9 years exp.

Experience wise Bank of America Senior Software Engineer salaries in Mumbai

Last Updated: 2 Apr 2025

Experience	Avg Annual Salary
4 years (31 salaries)	₹6 L/yr - ₹20 L/yr
5 years (32 salaries)	₹7.2 L/yr - ₹23 L/yr
Login to view exact salary
6 years (26 salaries)	₹8.7 L/yr - ₹22.2 L/yr
7 years (24 salaries)	₹8.9 L/yr - ₹27 L/yr
8 years (25 salaries)	₹10.8 L/yr - ₹35 L/yr
9 years (18 salaries)	₹12.3 L/yr - ₹33.7 L/yr
10 years (9 salaries)	₹13.8 L/yr - ₹29.5 L/yr
11 years (AmbitionBox Estimate)	₹24.4 L/yr - ₹31.2 L/yr
12 years (AmbitionBox Estimate)	₹26.3 L/yr - ₹33.6 L/yr
13 years (AmbitionBox Estimate)	₹28.2 L/yr - ₹36 L/yr

View all

From

Senior Software Engineer

₹

Lakhs/yr

4 - 13 years exp.

Vice President

₹

Lakhs/yr

12 - 25 years exp.

Senior Software Engineer

4 - 13 years exp.

Senior Analyst

3 - 15 years exp.

-1% hike

Analyst Lead

8 - 15 years exp.

-7% hike

From

View 1 more level

Senior Software Engineer

4 - 13 years exp.

Software Engineer III

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

(212 salaries)

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Software Developer Salary

(27 salaries)

₹7.8 L/yr - ₹24.5 L/yr

Senior Software Developer Salary

(15 salaries)

₹11 L/yr - ₹29 L/yr

Lead Software Engineer Salary

(3 salaries)

₹27 L/yr - ₹30 L/yr

Senior Engineer Salary

(3 salaries)

₹2.74 L/yr - ₹17.07 L/yr

Senior Developer Salary

(3 salaries)

₹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

Senior Software Engineer in Mumbai

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

Salary - Good

+5 more

Dislikes

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

Senior Software Engineer in Hyderabad / Secunderabad

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.

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

Salary - Bad

+4 more

Senior Software Engineer in Hyderabad / Secunderabad

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.

Job security - Excellent

+4 more

Dislikes

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

Software Developer in Chennai

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

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.

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.

see more salary related reviews

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Top trending discussions

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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 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 ₹9.3 Lakhs to ₹38.0 Lakhs per year, depending on experience (from 4 years to 13 years).

The top 10% of Senior Software Engineer in Mumbai at Bank of America earn more than ₹27.0 Lakhs per year, and the top 1% earn over ₹35.0 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 ₹1,42,119 to ₹1,47,408 per month. This is based on the average salary range of ₹9.3 Lakhs to ₹38.0 Lakhs per year for employees with experience ranging from 4 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	₹21.3 Lakhs to ₹30.0 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.

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:

IDFC FIRST Bank	₹14.1 Lakhs to ₹32.9 Lakhs per year
IndusInd Bank	₹14.1 Lakhs to ₹28.0 Lakhs per year
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

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
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
7 years	₹8.9 Lakhs to ₹27.0 Lakhs per year

and so on.

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Bank of America Senior Software Engineer Salaries in Mumbai

Bank of America Senior Software Engineer salary in Mumbai ranges between ₹9.3 Lakhs to ₹38 Lakhs with an average annual salary of ₹. Salary estimates are based on 169 Bank of America latest salaries received from various employees of Bank of America.

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

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

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

Experience wise Bank of America Senior Software Engineer salaries in Mumbai

Similar Designation salaries in Bank of America

Top skills at Bank of America for Senior Software Engineer

Salary related reviews for Bank of America

Senior Software Engineer in Mumbai

Senior Software Engineer in Hyderabad / Secunderabad

Senior Software Engineer in Hyderabad / Secunderabad

Software Developer in Chennai

Team Lead in Gurgaon / Gurugram

Bank of America Senior Software Engineer Salary FAQs

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