Bank of America Mumbai Software Developer Salaries by 20+ Employees (Updated 2025)

1 - 10 years exp.

₹8.3 Lakhs - ₹24 Lakhs

Salary of majority employees

111% more than the average Software Developer Salary in Banking Companies for 1 - 10 years of experience

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Last Updated: 23 Nov 2024

Companies similar to Bank of America for Software Developer in Mumbai

Bank of America Software Developer Salary

1 - 10 years exp. (20 salaries)

₹8.3 L/yr - ₹24 L/yr

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Software Developer Salary 0 - 8 years exp. (88 salaries)	₹10 L/yr - ₹38.7 L/yr 32% more
Goldman Sachs Software Developer Salary 2 - 5 years exp. (3 salaries)	₹14 L/yr - ₹29.3 L/yr 52% more
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Morgan Stanley Software Developer Salary 1 - 8 years exp. (33 salaries)	₹10.8 L/yr - ₹29.9 L/yr 12% more
Barclays Software Developer Salary 1 - 5 years exp. (11 salaries)	₹9.5 L/yr - ₹20.4 L/yr 11% less
HDFC Bank Software Developer Salary 1 - 9 years exp. (90 salaries)	₹9.1 L/yr - ₹17 L/yr 41% less
IDFC FIRST Bank Software Developer Salary 1 - 6 years exp. (21 salaries)	₹5.5 L/yr - ₹19.8 L/yr 22% less
UBS Software Developer Salary 1 - 12 years exp. (21 salaries)	₹9.5 L/yr - ₹30 L/yr 25% more
ICICI Bank Software Developer Salary 1 - 10 years exp. (11 salaries)	₹8.8 L/yr - ₹9.5 L/yr 47% less
RBL Bank Software Developer Salary 2 - 7 years exp. (9 salaries)	₹3.8 L/yr - ₹12 L/yr 53% less
IndusInd Bank Software Developer Salary 0 - 8 years exp. (8 salaries)	₹6 L/yr - ₹12 L/yr 44% less
State Bank of India Software Developer Salary 3 - 7 years exp. (4 salaries)	₹11 L/yr - ₹14 L/yr 36% less
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IDBI Bank Software Developer Salary 7 - 9 years exp. (3 salaries)	₹7.5 L/yr - ₹10.5 L/yr 56% less
DCB Bank Software Developer Salary 1 - 5 years exp. (3 salaries)	₹5.5 L/yr - ₹8 L/yr 61% less

Software Developer salary at Bank of America ranges between ₹8.3 Lakhs to ₹24 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 20 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Software Developer salaries in Mumbai

Last Updated: 23 Nov 2024

Experience	Avg Annual Salary
1 year (3 salaries)	₹5 L/yr - ₹16.3 L/yr
2 years (AmbitionBox Estimate)	₹9.4 L/yr - ₹12 L/yr
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3 years (3 salaries)	₹6 L/yr - ₹21.3 L/yr
4 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹23.8 L/yr
5 years (AmbitionBox Estimate)	₹10.4 L/yr - ₹26.3 L/yr
6 years (4 salaries)	₹11 L/yr - ₹19 L/yr
7 years (3 salaries)	₹13 L/yr - ₹19 L/yr
8 years (AmbitionBox Estimate)	₹17 L/yr - ₹24 L/yr
9 years (AmbitionBox Estimate)	₹18.1 L/yr - ₹23.2 L/yr
10 years (AmbitionBox Estimate)	₹15.6 L/yr - ₹23 L/yr

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Similar Designation salaries in Bank of America

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Senior Software Developer Salary

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₹11 L/yr - ₹29 L/yr

Software Development Engineer Salary

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Lead Software Engineer Salary

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Salary related reviews for Bank of America

5.0

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

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

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.

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.

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 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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Salary Discussions, Hike & Promotions

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a social media specialist

Salary Expectations

I am a Social Media Specialist with over 4 years of experience and was earning around 4.5 LPA in my previous role. When I joined my current organization, I discovered that my manager, with just 2.5 years of work experience, was earning a compensation of 7.6 -8.2 LPA (approx). This was quite surprising to me, and it made me question the market standards. I am currently looking to switch roles and, based on my research through Glassdoor and other sources, I am expecting a package of 7-8 LPA. However, many HRs I’ve spoken to feel that even 6 LPA is too high. What should be the ideal salary expectation for someone with my experience in the current market?

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Bank of America Software Developer Salary FAQs

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

Software Developer salary at Bank of America in Mumbai ranges between ₹8.3 Lakhs to ₹24.0 Lakhs for experience between 1 years to 10 years. According to our estimates it is 111% more than the average Software Developer Salary in India. Salary estimates are based on 20 latest salaries received from various employees of Bank of America Mumbai.

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

The average salary of a Software Developer at Bank of America is 111% more than the average salary of a Software Developer in Mumbai. To know exact salary insights, login to view.

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

Goldman Sachs Software Developer Salary - ₹14.0 Lakhs to ₹29.3 Lakhs per year
JPMorgan Chase & Co. Software Developer Salary - ₹10.0 Lakhs to ₹38.7 Lakhs per year
UBS Software Developer Salary - ₹9.5 Lakhs to ₹30.0 Lakhs per year
Morgan Stanley Software Developer Salary - ₹10.8 Lakhs to ₹29.9 Lakhs per year

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

Barclays Software Developer Salary - ₹9.5 Lakhs to ₹20.4 Lakhs per year
IDFC FIRST Bank Software Developer Salary - ₹5.5 Lakhs to ₹19.8 Lakhs per year
State Bank of India Software Developer Salary - ₹11.0 Lakhs to ₹14.0 Lakhs per year
HDFC Bank Software Developer Salary - ₹9.1 Lakhs to ₹17.0 Lakhs per year
IndusInd Bank Software Developer Salary - ₹6.0 Lakhs to ₹12.0 Lakhs per year

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

The estimated take-home salary of a Software Developer at Bank of America ranges between ₹1,17,390 per month to ₹1,20,673 per month in Mumbai. The take-home salary calculation is based on the average Bank of America Software Developer salary in India which ranges between ₹8.3 Lakhs to ₹24.0 Lakhs per year for employees with experience between 1 years to 10 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 80% of the Bank of America Software Developers in Mumbai reported a notice period of 2 Months, 10% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 10 responses on AmbitionBox in last 2 years.

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Bank of America Software Developer Salaries in Mumbai

Bank of America Software Developer salary in Mumbai ranges between ₹8.3 Lakhs to ₹24 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 Bank of America latest salaries received from various employees of Bank of America.