Bank of America Software Development Engineer Salaries by 10+ Employees (Updated 2025)

1 - 9 years exp.

₹8 Lakhs - ₹22.5 Lakhs

Salary of majority employees

22% more than the average Software Development Engineer Salary in Banking Companies for 1 - 9 years of experience

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Salaries in different departments

Engineering - Software & QA Software Development Engineer Salary 1 - 9 years exp. (8 salaries)	₹8 L/yr - ₹18.5 L/yr
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Data Science & Analytics Software Development Engineer Salary 6 - 7 years exp. (AmbitionBox Estimate)	₹19.4 L/yr - ₹22.5 L/yr

Last Updated: 9 Dec 2024

Companies similar to Bank of America for Software Development Engineer

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Software Development Engineer Salary 0 - 6 years exp. (71 salaries)	₹12 L/yr - ₹33 L/yr 13% more
Wells Fargo Software Development Engineer Salary 1 - 11 years exp. (14 salaries)	₹12.2 L/yr - ₹29 L/yr 25% more
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Goldman Sachs Software Development Engineer Salary 0 - 5 years exp. (30 salaries)	₹14 L/yr - ₹40 L/yr 52% more
Morgan Stanley Software Development Engineer Salary 2 - 6 years exp. (22 salaries)	₹10 L/yr - ₹35 L/yr 34% more
HSBC Group Software Development Engineer Salary 0 - 2 years exp. (6 salaries)	₹7 L/yr - ₹13 L/yr 43% less
UBS Software Development Engineer Salary 0 - 3 years exp. (29 salaries)	₹10 L/yr - ₹24.6 L/yr 19% less
Standard Chartered Software Development Engineer Salary 0 - 4 years exp. (42 salaries)	₹7.5 L/yr - ₹26 L/yr 9% less
Barclays Software Development Engineer Salary 0 - 5 years exp. (15 salaries)	₹12 L/yr - ₹21 L/yr 2% more
NatWest Group Software Development Engineer Salary 0 - 5 years exp. (16 salaries)	₹8.1 L/yr - ₹17.4 L/yr 26% less
Deutsche Bank Software Development Engineer Salary 0 - 2 years exp. (15 salaries)	₹13 L/yr - ₹24 L/yr 7% more
AU Small Finance Bank Software Development Engineer Salary 0 - 3 years exp. (8 salaries)	₹7.2 L/yr - ₹18 L/yr 37% less
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IDFC FIRST Bank Software Development Engineer Salary 0 - 2 years exp. (3 salaries)	₹9.7 L/yr - ₹13 L/yr 34% less

Software Development Engineer salary at Bank of America ranges between ₹8 Lakhs to ₹22.5 Lakhs per year for employees with experience between 1 year to 9 years. Salary estimates are based on 12 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Software Development Engineer salaries

Last Updated: 9 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹8 L/yr - ₹18 L/yr
2 years (AmbitionBox Estimate)	₹14.5 L/yr - ₹18.5 L/yr
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3 years (3 salaries)	₹11 L/yr - ₹19 L/yr
4 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹30 L/yr
5 years (AmbitionBox Estimate)	₹15.2 L/yr - ₹19.5 L/yr
6 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹22.5 L/yr
7 years (AmbitionBox Estimate)	₹7 L/yr - ₹22.5 L/yr
8 years (AmbitionBox Estimate)	₹13 L/yr - ₹18.5 L/yr
9 years (AmbitionBox Estimate)	₹15.2 L/yr - ₹32.4 L/yr

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Salary related reviews for Bank of America

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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Top trending discussions

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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 Development Engineer Salary FAQs

What is the salary of Software Development Engineer at Bank of America?

Software Development Engineer salary at Bank of America in India ranges between ₹8.0 Lakhs to ₹22.5 Lakhs for experience between 1 years to 9 years. According to our estimates it is 22% more than the average Software Development Engineer Salary in India. Salary estimates are based on 12 latest salaries received from various employees of Bank of America India.

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

The average salary of a Software Development Engineer at Bank of America is 22% more than the average salary of a Software Development Engineer in India. To know exact salary insights, login to view.

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

Goldman Sachs Software Development Engineer Salary - ₹14.0 Lakhs to ₹40.0 Lakhs per year
Morgan Stanley Software Development Engineer Salary - ₹10.0 Lakhs to ₹35.0 Lakhs per year
Wells Fargo Software Development Engineer Salary - ₹12.2 Lakhs to ₹29.0 Lakhs per year
JPMorgan Chase & Co. Software Development Engineer Salary - ₹12.0 Lakhs to ₹33.0 Lakhs per year
Deutsche Bank Software Development Engineer Salary - ₹13.0 Lakhs to ₹24.0 Lakhs per year

What is the salary of a Software Development Engineer in companies similar to Bank of America in India?

Barclays Software Development Engineer Salary - ₹12.0 Lakhs to ₹21.0 Lakhs per year
Standard Chartered Software Development Engineer Salary - ₹7.5 Lakhs to ₹26.0 Lakhs per year
UBS Software Development Engineer Salary - ₹10.0 Lakhs to ₹24.6 Lakhs per year
NatWest Group Software Development Engineer Salary - ₹8.1 Lakhs to ₹17.4 Lakhs per year
IDFC FIRST Bank Software Development Engineer Salary - ₹9.7 Lakhs to ₹13.0 Lakhs per year

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

The estimated take-home salary of a Software Development Engineer at Bank of America ranges between ₹1,14,870 per month to ₹1,18,072 per month in India. The take-home salary calculation is based on the average Bank of America Software Development Engineer salary in India which ranges between ₹8.0 Lakhs to ₹22.5 Lakhs per year for employees with experience between 1 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Software Development Engineer at Bank of America?

According to AmbitionBox, 93% of the Bank of America Software Development Engineers reported a notice period of 2 Months, 7% reported a notice period of 1 Month.This is based on 15 responses on AmbitionBox in last 2 years.

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Bank of America Software Development Engineer Salaries

Bank of America Software Development Engineer salary in India ranges between ₹8 Lakhs to ₹22.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 Bank of America latest salaries received from various employees of Bank of America.