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

1 - 8 years exp.

₹8 Lakhs - ₹30 Lakhs

Salary of majority employees

29% more than the average Software Development Engineer Salary in Banking Companies for 1 - 8 years of experience

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Salaries in different departments

Engineering - Software & QA Software Development Engineer Salary 1 - 8 years exp. (6 salaries)	₹8 L/yr - ₹18.5 L/yr
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Data Science & Analytics Software Development Engineer Salary 6 - 8 years exp. (3 salaries)	₹18.5 L/yr - ₹30 L/yr

Last Updated: 19 Feb 2025

Companies similar to Bank of America for Software Development Engineer

Company name	Avg Annual Salary	Open Jobs
Standard Chartered Software Development Engineer Salary 0 - 4 years exp. (43 salaries)	₹7.5 L/yr - ₹26 L/yr 12% less
Barclays Software Development Engineer Salary 0 - 5 years exp. (16 salaries)	₹12 L/yr - ₹21 L/yr 12% less
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NatWest Group Software Development Engineer Salary 0 - 5 years exp. (16 salaries)	₹8.1 L/yr - ₹17.4 L/yr 29% less
Deutsche Bank Software Development Engineer Salary 0 - 2 years exp. (15 salaries)	₹12 L/yr - ₹24 L/yr At par
AU Small Finance Bank Software Development Engineer Salary 0 - 3 years exp. (9 salaries)	₹6 L/yr - ₹18 L/yr 36% less
IDFC FIRST Bank Software Development Engineer Salary 0 - 2 years exp. (3 salaries)	₹9.7 L/yr - ₹13 L/yr 37% less

Software Development Engineer salary at Bank of America ranges between ₹8 Lakhs to ₹30 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 11 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Software Development Engineer salaries

Last Updated: 19 Feb 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹8 L/yr - ₹18 L/yr
2 years (AmbitionBox Estimate)	₹14.8 L/yr - ₹18.9 L/yr
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3 years (3 salaries)	₹11 L/yr - ₹19 L/yr
4 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹31.6 L/yr
5 years (AmbitionBox Estimate)	₹16.3 L/yr - ₹20.8 L/yr
6 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹22.5 L/yr
7 years (AmbitionBox Estimate)	₹7.7 L/yr - ₹22.5 L/yr
8 years (AmbitionBox Estimate)	₹18.5 L/yr - ₹30 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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Bank of America Software Development Engineer Salary FAQs

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

The average salary of a Software Development Engineer at Bank of America in India typically ranges from ₹8.0 Lakhs to ₹30.0 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Software Development Engineer at Bank of America earn more than ₹25.5 Lakhs per year, and the top 1% earn over ₹30.0 Lakhs per year. Software Development Engineer 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 10+ Bank of America employees in India.

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 in India typically ranges from ₹1,20,136 to ₹1,23,508 per month. This is based on the average salary range of ₹8.0 Lakhs to ₹30.0 Lakhs per year for employees with experience ranging from 1 year to 8 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 10+ salaries received from various employees of Bank of America. Check how we calculate in-hand salary with our in-hand salary calculator.

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

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

Deutsche Bank	₹12.0 Lakhs to ₹24.0 Lakhs per year
Barclays	₹12.0 Lakhs to ₹21.0 Lakhs per year
Standard Chartered	₹7.5 Lakhs to ₹26.0 Lakhs per year
NatWest Group	₹8.1 Lakhs to ₹17.4 Lakhs per year
AU Small Finance Bank	₹6.0 Lakhs to ₹18.0 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 Development Engineer at Bank of America in India?

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

Experience	Average Salary Range
1 year	₹8.0 Lakhs to ₹18.0 Lakhs per year
2 years	₹14.8 Lakhs to ₹18.9 Lakhs per year
3 years	₹11.0 Lakhs to ₹19.0 Lakhs per year
4 years	₹10.8 Lakhs to ₹31.6 Lakhs per year

and so on.

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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 ₹30 Lakhs with an average annual salary of ₹. Salary estimates are based on 11 Bank of America latest salaries received from various employees of Bank of America.