Bank of America Mumbai Software Developer 1 Salaries by 5 Employees (Updated 2025)

0 - 5 years exp.

₹6.7 Lakhs - ₹12 Lakhs

Salary of majority employees

40% 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

Data Science & Analytics Software Developer 1 Salary Fresher (AmbitionBox Estimate)	₹8 L/yr - ₹9.7 L/yr
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Engineering - Software & QA Software Developer 1 Salary 5 years exp. (AmbitionBox Estimate)	₹9.8 L/yr - ₹10.9 L/yr

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 - 5 years exp. (5 salaries)

₹6.7 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Software Developer 1 Salary 1 - 7 years exp. (4 salaries)	₹10 L/yr - ₹12 L/yr 14% more
Jio Platforms Software Developer 1 Salary 0 - 3 years exp. (13 salaries)	₹5 L/yr - ₹9 L/yr 38% less
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TCS Software Developer 1 Salary 1 - 5 years exp. (10 salaries)	₹2.6 L/yr - ₹8.5 L/yr 45% less
JPMorgan Chase & Co. Software Developer 1 Salary 0 - 4 years exp. (10 salaries)	₹10 L/yr - ₹23 L/yr 60% more
Jio Software Developer 1 Salary 1 - 4 years exp. (6 salaries)	₹5 L/yr - ₹8.9 L/yr 24% 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 5 years. Salary estimates are based on 5 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)	₹8.2 L/yr - ₹10.5 L/yr
1 year (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.8 L/yr
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2 years (AmbitionBox Estimate)	₹8.7 L/yr - ₹11.1 L/yr
3 years (AmbitionBox Estimate)	₹8.9 L/yr - ₹11.4 L/yr
4 years (AmbitionBox Estimate)	₹9.1 L/yr - ₹11.6 L/yr
5 years (AmbitionBox Estimate)	₹9.3 L/yr - ₹11.9 L/yr

View all

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Senior Software Developer Salary

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Software Development Engineer Salary

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Lead Software Engineer Salary

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Salary related reviews for Bank of America

3.0

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.

see more salary related reviews

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Bank of America Software Developer 1 Salary FAQs

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

The average salary of a Software Developer 1 at Bank of America in Mumbai typically ranges from ₹6.7 Lakhs to ₹12.0 Lakhs per year, depending on experience (from Fresher to 5 years).

The top 10% of Software Developer 1 in Mumbai at Bank of America earn more than ₹12.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Software Developer 1 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 5 Bank of America employees in India.

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 in Mumbai typically ranges from ₹70,546 to ₹72,361 per month. This is based on the average salary range of ₹6.7 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from Fresher to 5 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 5 salaries received from various employees of Bank of America. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Bank of America for Software Developer 1 in India?

JPMorgan Chase & Co.	₹10.0 Lakhs to ₹23.0 Lakhs per year
HDFC Bank	₹10.0 Lakhs to ₹12.0 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 Software Developer 1 in companies similar to Bank of America in Mumbai?

The salary of a Software Developer 1 at companies similar to Bank of America in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Jio	₹5.0 Lakhs to ₹8.9 Lakhs per year
Jio Platforms	₹5.0 Lakhs to ₹9.0 Lakhs per year
TCS	₹2.6 Lakhs to ₹8.5 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 Software Developer 1 at Bank of America in Mumbai?

The salary growth for a Software Developer 1 at Bank of America in Mumbai depends on factors such as experience, performance, and promotions. On average, a Software Developer 1 in Mumbai can expect the following growth trajectory at Bank of America:

Experience	Average Salary Range
Fresher	₹8.2 Lakhs to ₹10.5 Lakhs per year
1 year	₹8.4 Lakhs to ₹10.8 Lakhs per year
2 years	₹8.7 Lakhs to ₹11.1 Lakhs per year
3 years	₹8.9 Lakhs to ₹11.4 Lakhs per year

and so on.

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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 5 Bank of America latest salaries received from various employees of Bank of America.