Bank of America Mumbai Software Developer 1 Salaries by 4 Employees (Updated 2025)

0 - 3 years exp.

₹6.7 Lakhs - ₹12 Lakhs

Salary of majority employees

Fixed (100%)

₹9.6 Lakhs

Variable (0%)

₹0.0

38% more than the average Software Developer 1 Salary in Banking Companies for 0 - 3 years of experience

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Last Updated: 14 Feb 2025

Companies similar to Bank of America for Software Developer 1 in Mumbai

Bank of America Software Developer 1 Salary

0 - 3 years exp. (4 salaries)

₹6.7 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Software Developer 1 Salary 0 - 3 years exp. (8 salaries)	₹10 L/yr - ₹23 L/yr 63% more
Morgan Stanley Software Developer 1 Salary 3 - 5 years exp. (3 salaries)	₹4.4 L/yr - ₹5.6 L/yr 49% less
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HDFC Bank Software Developer 1 Salary 1 - 6 years exp. (3 salaries)	₹10 L/yr - ₹12 L/yr 15% more
Jio Platforms Software Developer 1 Salary 0 - 5 years exp. (13 salaries)	₹5 L/yr - ₹9.7 L/yr 35% less
TCS Software Developer 1 Salary 1 - 5 years exp. (10 salaries)	₹2.6 L/yr - ₹8.5 L/yr 46% less

Software Developer 1 salary at Bank of America ranges between ₹6.7 Lakhs to ₹12 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 4 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Software Developer 1 salaries in Mumbai

Last Updated: 14 Feb 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹8 L/yr - ₹16.4 L/yr
1 year (AmbitionBox Estimate)	₹6.7 L/yr - ₹16.9 L/yr
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2 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹10.1 L/yr
3 years (AmbitionBox Estimate)	₹4 L/yr - ₹12 L/yr

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Salary related reviews for Bank of America

4.0

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.

see more salary related reviews

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Bank of America Software Developer 1 Salary FAQs

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

Software Developer 1 salary at Bank of America in Mumbai ranges between ₹6.7 Lakhs to ₹12.0 Lakhs for less than 1 year of experience to 3 years. According to our estimates it is 38% more than the average Software Developer 1 Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Bank of America Mumbai.

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

The average salary of a Software Developer 1 at Bank of America is 38% more than the average salary of a Software Developer 1 in Mumbai. To know exact salary insights, login to view.

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

JPMorgan Chase & Co. Software Developer 1 Salary - ₹10.0 Lakhs to ₹23.0 Lakhs per year
HDFC Bank Software Developer 1 Salary - ₹10.0 Lakhs to ₹12.0 Lakhs per year

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

Jio Platforms Software Developer 1 Salary - ₹5.0 Lakhs to ₹9.7 Lakhs per year
TCS Software Developer 1 Salary - ₹2.6 Lakhs to ₹8.5 Lakhs per year
Morgan Stanley Software Developer 1 Salary - ₹4.4 Lakhs to ₹5.6 Lakhs per year

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

The estimated take-home salary of a Software Developer 1 at Bank of America ranges between ₹69,686 per month to ₹71,477 per month in Mumbai. The take-home salary calculation is based on the average Bank of America Software Developer 1 salary in India which ranges between ₹6.7 Lakhs to ₹12.0 Lakhs per year for employees with less than 1 year of experience to 3 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 67% of the Bank of America Software Developer 1s in Mumbai reported a notice period of 2 Months, 33% reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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Bank of America Software Developer 1 Salaries in Mumbai

Bank of America Software Developer 1 salary in Mumbai ranges between ₹6.7 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Bank of America latest salaries received from various employees of Bank of America.