Bank of America Software Developer 1 Salaries by 10+ Employees (Updated 2025)

0 - 5 years exp.

₹6.5 Lakhs - ₹14 Lakhs

Salary of majority employees

13% more than the average Software Developer 1 Salary in Banking Companies for 0 - 5 years of experience

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Salaries in different departments

Engineering - Software & QA Software Developer 1 Salary 2 - 5 years exp. (11 salaries)	₹10 L/yr - ₹14 L/yr
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Data Science & Analytics Software Developer 1 Salary 0 - 4 years exp. (3 salaries)	₹7.7 L/yr - ₹10 L/yr

Last Updated: 1 Mar 2025

Companies similar to Bank of America for Software Developer 1

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Software Developer 1 Salary 0 - 3 years exp. (35 salaries)	₹10 L/yr - ₹24 L/yr 58% more
Goldman Sachs Software Developer 1 Salary 1 - 3 years exp. (6 salaries)	₹16 L/yr - ₹21 L/yr 102% more
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Morgan Stanley Software Developer 1 Salary 1 - 4 years exp. (7 salaries)	₹4.9 L/yr - ₹12 L/yr 27% less
HSBC Group Software Developer 1 Salary 1 - 2 years exp. (5 salaries)	₹6.5 L/yr - ₹12 L/yr 9% more
UBS Software Developer 1 Salary 2 - 3 years exp. (3 salaries)	₹14 L/yr - ₹15 L/yr 43% more
Barclays Software Developer 1 Salary 0 - 3 years exp. (7 salaries)	₹12 L/yr - ₹18 L/yr 40% more
Deutsche Bank Software Developer 1 Salary 1 - 5 years exp. (6 salaries)	₹18.6 L/yr - ₹20.5 L/yr 91% more
HDFC Bank Software Developer 1 Salary 1 - 5 years exp. (4 salaries)	₹10 L/yr - ₹27 L/yr 50% more
Standard Chartered Software Developer 1 Salary 1 - 3 years exp. (4 salaries)	₹5.3 L/yr - ₹12 L/yr 15% less
AU Small Finance Bank Software Developer 1 Salary 1 - 2 years exp. (4 salaries)	₹12 L/yr - ₹14 L/yr 37% more
NatWest Group Software Developer 1 Salary 0 - 1 year exp. (3 salaries)	₹4 L/yr - ₹14 L/yr 3% more
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Software Developer 1 salary at Bank of America ranges between ₹6.5 Lakhs to ₹14 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 18 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Software Developer 1 salaries

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹8 L/yr - ₹16.9 L/yr
1 year (AmbitionBox Estimate)	₹6.5 L/yr - ₹17.4 L/yr
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2 years (AmbitionBox Estimate)	₹4 L/yr - ₹12 L/yr
3 years (5 salaries)	₹7.7 L/yr - ₹14 L/yr
4 years (5 salaries)	₹7.7 L/yr - ₹14 L/yr
5 years (3 salaries)	₹10 L/yr - ₹12 L/yr

View all

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Salary related reviews for Bank of America

3.6

Rated by 2 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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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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Bank of America Software Developer 1 Salary FAQs

What is the salary of Software Developer 1 at Bank of America?

Software Developer 1 salary at Bank of America in India ranges between ₹6.5 Lakhs to ₹14.0 Lakhs for less than 1 year of experience to 5 years. According to our estimates it is 13% more than the average Software Developer 1 Salary in India. Salary estimates are based on 18 latest salaries received from various employees of Bank of America India.

How does the salary of a Software Developer 1 at Bank of America India compare with the average salary range for this job?

The average salary of a Software Developer 1 at Bank of America is 13% more than the average salary of a Software Developer 1 in India. To know exact salary insights, login to view.

Which similar companies are paying more than Bank of America to a Software Developer 1 in India?

Goldman Sachs Software Developer 1 Salary - ₹16.0 Lakhs to ₹21.0 Lakhs per year
Deutsche Bank Software Developer 1 Salary - ₹18.6 Lakhs to ₹20.5 Lakhs per year
JPMorgan Chase & Co. Software Developer 1 Salary - ₹10.0 Lakhs to ₹24.0 Lakhs per year
HDFC Bank Software Developer 1 Salary - ₹10.0 Lakhs to ₹27.0 Lakhs per year
UBS Software Developer 1 Salary - ₹14.0 Lakhs to ₹15.0 Lakhs per year

What is the salary of a Software Developer 1 in companies similar to Bank of America in India?

Barclays Software Developer 1 Salary - ₹12.0 Lakhs to ₹18.0 Lakhs per year
AU Small Finance Bank Software Developer 1 Salary - ₹12.0 Lakhs to ₹14.0 Lakhs per year
HSBC Group Software Developer 1 Salary - ₹6.5 Lakhs to ₹12.0 Lakhs per year
NatWest Group Software Developer 1 Salary - ₹4.0 Lakhs to ₹14.0 Lakhs per year
Standard Chartered Software Developer 1 Salary - ₹5.3 Lakhs to ₹12.0 Lakhs per year

What is the estimated take home salary of a Software Developer 1 at Bank of America in India?

The estimated take-home salary of a Software Developer 1 at Bank of America ranges between ₹72,433 per month to ₹74,301 per month in India. The take-home salary calculation is based on the average Bank of America Software Developer 1 salary in India which ranges between ₹6.5 Lakhs to ₹14.0 Lakhs per year for employees with less than 1 year of experience to 5 years. Check how did we calculate take home salary?

What is the notice period for Software Developer 1 at Bank of America?

According to AmbitionBox, 84% of the Bank of America Software Developer 1s reported a notice period of 2 Months, 5% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 19 responses on AmbitionBox in last 2 years.

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Bank of America Software Developer 1 Salaries

Bank of America Software Developer 1 salary in India ranges between ₹6.5 Lakhs to ₹14 Lakhs with an average annual salary of ₹. Salary estimates are based on 18 Bank of America latest salaries received from various employees of Bank of America.

Bank of America Software Developer 1 salaries in India (Updated 2025)

Companies similar to Bank of America for Software Developer 1

Latest annual salaries shared by Bank of America Software Developer 1

Experience wise Bank of America Software Developer 1 salaries

Similar Designation salaries in Bank of America

Salary related reviews for Bank of America

Software Developer in Chennai

Senior Software Engineer in Mumbai

Team Lead in Gurgaon / Gurugram

Senior Software Engineer in Hyderabad / Secunderabad

Senior Software Engineer in Hyderabad / Secunderabad

Bank of America Software Developer 1 Salary FAQs

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Bank of America Software Developer 1 Salaries by Location