Bank of America Mumbai Software Associate Salaries by 3 Employees (Updated 2024)

5 - 9 years exp.

₹9 Lakhs - ₹12 Lakhs

Low Confidence

Salary of majority employees

109% more than the average Software Associate Salary in Banking Companies for 5 - 9 years of experience

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Last Updated: 7 Dec 2024

Companies similar to Bank of America for Software Associate in Mumbai

Bank of America Software Associate Salary

5 - 9 years exp. (3 salaries)

₹9 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Software Associate Salary 8 - 11 years exp. (7 salaries)	₹13.5 L/yr - ₹25.3 L/yr 147% more
Capgemini Software Associate Salary 0 - 3 years exp. (143 salaries)	₹1.8 L/yr - ₹4.6 L/yr 71% less
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LTIMindtree Software Associate Salary 2 - 5 years exp. (60 salaries)	₹2.3 L/yr - ₹6 L/yr 56% less
3i Infotech Software Associate Salary 1 - 4 years exp. (5 salaries)	₹2.5 L/yr - ₹3.9 L/yr 69% less
Crisil Software Associate Salary 4 - 7 years exp. (5 salaries)	₹5.4 L/yr - ₹6.2 L/yr 43% less

Software Associate salary at Bank of America ranges between ₹9 Lakhs to ₹12 Lakhs per year for employees with experience between 5 years to 9 years. Salary estimates are based on 3 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Software Associate salaries in Mumbai

Last Updated: 7 Dec 2024

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.3 L/yr
8 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
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9 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.3 L/yr

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Salary related reviews for Bank of America

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

Dislikes

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

Software Engineer II in Chennai

Engineering - Software & QA Department

4.0

• posted on 27 Jun 2022

3.0

for Salary and Benefits

Likes

You will get good benefits apart from your salary like Cab, Sodexho Card, Gym. There is no variable pay in BA.

Dislikes

HR people are dummy in BA, If you will have good relationship with your manager or VP then you will get good appraisal or promotion. They are having escalation process but if you escalate something about your manager then it will first reach to your manager and they will corner you. There is no onsite opportunity in BA

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.

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

Senior Systems Engineer in Hyderabad / Secunderabad

Engineering - Software & QA Department

3.0

• posted on 09 May 2022

1.0

for Salary and Benefits

Likes

...uld benefit low level employees all are tend to meant for management benefits. Company policies and pay never compete/normalise with outside market

Dislikes

Everything except job security. Since we work for very low wage

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.

Dislikes

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

see more salary related reviews

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What people are saying about Bank of America

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cleanhakuna

1w (edited)

student at

Institute of Management Nirma University, Ahmedabad

Career advise for early years

Hi folks!! Want one advise for my early years in corporate. I am 23 yrs old and I am working in BofA for couple of years now and this is my first job. I have deep interest and skills to excel in core finance role (investment management) but the role at BofA is completely unrelated to it. To prove my metal, I have cleared CFA level 1&2 in my first attempt with top percentile (+MBA) but kind of stuck for right opportunity. Can anyone advise how should I approach to making a shift to my desired work (asset mgt)?

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Bank of America Software Associate Salary FAQs

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

According to AmbitionBox, 100% of the Bank of America Software Associates in Mumbai reported a notice period of 3 Months.This is based on 2 responses on AmbitionBox in last 2 years.

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Bank of America Software Associate Salaries in Mumbai

Bank of America Software Associate salary in Mumbai ranges between ₹9 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 Bank of America latest salaries received from various employees of Bank of America.