Bank of America Mumbai Software Analyst Salaries by 6 Employees (Updated 2025)

5 - 10 years exp.

₹11.1 Lakhs - ₹17.8 Lakhs

Salary of majority employees

182% more than the average Software Analyst Salary in Banking Companies for 5 - 10 years of experience

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Last Updated: 3 Sep 2024

Companies similar to Bank of America for Software Analyst in Mumbai

Bank of America Software Analyst Salary

5 - 10 years exp. (6 salaries)

₹11.1 L/yr - ₹17.8 L/yr

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Software Analyst Salary 0 - 6 years exp. (3 salaries)	₹14 L/yr - ₹18.9 L/yr 11% more
Capgemini Software Analyst Salary 0 - 4 years exp. (236 salaries)	₹2.1 L/yr - ₹5.1 L/yr 75% less
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MindGate Solutions Software Analyst Salary 1 - 7 years exp. (100 salaries)	₹2.5 L/yr - ₹8.6 L/yr 65% less
Accenture Software Analyst Salary 1 - 6 years exp. (63 salaries)	₹4 L/yr - ₹10.5 L/yr 60% less
Adrosonic IT Consultancy Services Software Analyst Salary 1 - 4 years exp. (22 salaries)	₹3.7 L/yr - ₹6 L/yr 73% less

Software Analyst salary at Bank of America ranges between ₹11.1 Lakhs to ₹17.8 Lakhs per year for employees with experience between 5 years to 10 years. Salary estimates are based on 6 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Software Analyst salaries in Mumbai

Last Updated: 3 Sep 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹16.3 L/yr
6 years (AmbitionBox Estimate)	₹5.8 L/yr - ₹16.5 L/yr
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7 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹16.5 L/yr
8 years (AmbitionBox Estimate)	₹14 L/yr - ₹28.4 L/yr
9 years (AmbitionBox Estimate)	₹14.8 L/yr - ₹18.9 L/yr
10 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹17.8 L/yr

View all

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Salary related reviews for Bank of America

3.0

Rated by 1 employees for salary & benefits

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.

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.

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.

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.

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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Bank of America Software Analyst Salary FAQs

What is the salary of Software Analyst at Bank of America Mumbai?

Software Analyst salary at Bank of America in Mumbai ranges between ₹11.1 Lakhs to ₹17.8 Lakhs for experience between 5 years to 10 years. According to our estimates it is 182% more than the average Software Analyst Salary in India. Salary estimates are based on 6 latest salaries received from various employees of Bank of America Mumbai.

How does the salary of a Software Analyst at Bank of America Mumbai compare with the average salary range for this job?

The average salary of a Software Analyst at Bank of America is 182% more than the average salary of a Software Analyst in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than Bank of America to a Software Analyst in Mumbai?

JPMorgan Chase & Co. Software Analyst Salary - ₹14.0 Lakhs to ₹18.9 Lakhs per year

What is the salary of a Software Analyst in companies similar to Bank of America in Mumbai?

Accenture Software Analyst Salary - ₹4.0 Lakhs to ₹10.5 Lakhs per year
MindGate Solutions Software Analyst Salary - ₹2.5 Lakhs to ₹8.6 Lakhs per year
Adrosonic IT Consultancy Services Software Analyst Salary - ₹3.7 Lakhs to ₹6.0 Lakhs per year
Capgemini Software Analyst Salary - ₹2.1 Lakhs to ₹5.1 Lakhs per year

What is the estimated take home salary of a Software Analyst at Bank of America in Mumbai?

The estimated take-home salary of a Software Analyst at Bank of America ranges between ₹1,08,007 per month to ₹1,10,988 per month in Mumbai. The take-home salary calculation is based on the average Bank of America Software Analyst salary in India which ranges between ₹11.1 Lakhs to ₹17.8 Lakhs per year for employees with experience between 5 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Software Analyst at Bank of America in Mumbai?

According to AmbitionBox, 100% of the Bank of America Software Analysts in Mumbai reported a notice period of 2 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Bank of America Software Analyst Salaries in Mumbai

Bank of America Software Analyst salary in Mumbai ranges between ₹11.1 Lakhs to ₹17.8 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.