Bank of America Software Development Engineer II Salaries by 4 Employees (Updated 2025)

5 - 9 years exp.

₹15.3 Lakhs - ₹21.9 Lakhs

Low Confidence

Salary of majority employees

30% less than the average Software Development Engineer II Salary in Banking Companies for 5 - 9 years of experience

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Last Updated: 14 May 2023

Companies similar to Bank of America for Software Development Engineer II

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Software Development Engineer II Salary 2 - 6 years exp. (114 salaries)	₹16 L/yr - ₹37 L/yr 38% more
Goldman Sachs Software Development Engineer II Salary 2 - 5 years exp. (38 salaries)	₹20 L/yr - ₹41 L/yr 67% more
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Morgan Stanley Software Development Engineer II Salary 2 - 4 years exp. (17 salaries)	₹15.2 L/yr - ₹32 L/yr 23% more
UBS Software Development Engineer II Salary 1 - 3 years exp. (8 salaries)	₹15 L/yr - ₹19 L/yr 11% less
Deutsche Bank Software Development Engineer II Salary 3 - 4 years exp. (8 salaries)	₹20 L/yr - ₹25 L/yr 15% more

Software Development Engineer II salary at Bank of America ranges between ₹15.3 Lakhs to ₹21.9 Lakhs per year for employees with experience between 5 years to 9 years. Salary estimates are based on 4 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Software Development Engineer II salaries

Last Updated: 14 May 2023

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹15.3 L/yr - ₹29.6 L/yr
6 years (AmbitionBox Estimate)	₹15.3 L/yr - ₹31.7 L/yr
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7 years (AmbitionBox Estimate)	₹16.9 L/yr - ₹21.6 L/yr
8 years (AmbitionBox Estimate)	₹17.1 L/yr - ₹35.9 L/yr
9 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹21.9 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.

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.

Programmer Analyst in Hyderabad / Secunderabad

Engineering - Software & QA Department

4.0

• posted on 11 Sep 2017

4.0

for Salary and Benefits

Likes

1) good pay 2) time between assignment 3) average technology stack, no need to scratch your head understanding code.

Salary - Good

+4 more

Dislikes

1) out of syc technology stack 2) US team driven project 3) long working hours. Daily you will reach home after 9 pm only.

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Salary Discussions, Hike & Promotions

2w (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 II Salary FAQs

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

Software Development Engineer II salary at Bank of America in India ranges between ₹15.3 Lakhs to ₹21.9 Lakhs for experience between 5 years to 9 years. According to our estimates it is 30% less than the average Software Development Engineer II Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Bank of America India.

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

The average salary of a Software Development Engineer II at Bank of America is 30% less than the average salary of a Software Development Engineer II 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 II in India?

Goldman Sachs Software Development Engineer II Salary - ₹20.0 Lakhs to ₹41.0 Lakhs per year
JPMorgan Chase & Co. Software Development Engineer II Salary - ₹16.0 Lakhs to ₹37.0 Lakhs per year
Morgan Stanley Software Development Engineer II Salary - ₹15.2 Lakhs to ₹32.0 Lakhs per year
Deutsche Bank Software Development Engineer II Salary - ₹20.0 Lakhs to ₹25.0 Lakhs per year

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

UBS Software Development Engineer II Salary - ₹15.0 Lakhs to ₹19.0 Lakhs per year

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

The estimated take-home salary of a Software Development Engineer II at Bank of America ranges between ₹1,25,215 per month to ₹1,29,166 per month in India. The take-home salary calculation is based on the average Bank of America Software Development Engineer II salary in India which ranges between ₹15.3 Lakhs to ₹21.9 Lakhs per year for employees with experience between 5 years to 9 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the Bank of America Software Development Engineer IIs reported a notice period of 2 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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Bank of America Software Development Engineer II Salaries

Bank of America Software Development Engineer II salary in India ranges between ₹15.3 Lakhs to ₹21.9 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.