Bank of America Software Development Engineer II Salaries by 4 Employees (Updated 2024)

5 - 9 years exp.

₹15.3 Lakhs - ₹21.9 Lakhs

Low Confidence

Salary of majority employees

28% 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. (89 salaries)	₹15 L/yr - ₹38 L/yr 24% more
Goldman Sachs Software Development Engineer II Salary 2 - 5 years exp. (32 salaries)	₹20 L/yr - ₹49 L/yr 61% more
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Morgan Stanley Software Development Engineer II Salary 2 - 6 years exp. (18 salaries)	₹16 L/yr - ₹37 L/yr 34% more
UBS Software Development Engineer II Salary 1 - 3 years exp. (8 salaries)	₹15 L/yr - ₹19 L/yr 14% less
Deutsche Bank Software Development Engineer II Salary 2 - 3 years exp. (6 salaries)	₹20 L/yr - ₹22 L/yr 9% more
Standard Chartered Software Development Engineer II Salary 0 - 5 years exp. (3 salaries)	₹7.5 L/yr - ₹28 L/yr 2% less

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 - ₹30.7 L/yr
6 years (AmbitionBox Estimate)	₹15.3 L/yr - ₹32.9 L/yr
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7 years (AmbitionBox Estimate)	₹17.6 L/yr - ₹22.4 L/yr
8 years (AmbitionBox Estimate)	₹17.1 L/yr - ₹37.3 L/yr
9 years (AmbitionBox Estimate)	₹21.9 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

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.

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.

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.

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.

see more salary related reviews

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What people are saying about Bank of America

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cleanhakuna

2w (edited)

student at

Institute of Management Nirma University, Ahmedabad

Career advise for early years

Hi folks!! Want one advise for my early years in corporate. I am 23 yrs old and I am working in BofA for couple of years now and this is my first job. I have deep interest and skills to excel in core finance role (investment management) but the role at BofA is completely unrelated to it. To prove my metal, I have cleared CFA level 1&2 in my first attempt with top percentile (+MBA) but kind of stuck for right opportunity. Can anyone advise how should I approach to making a shift to my desired work (asset mgt)?

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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 28% 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 28% 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 ₹49.0 Lakhs per year
Morgan Stanley Software Development Engineer II Salary - ₹16.0 Lakhs to ₹37.0 Lakhs per year
JPMorgan Chase & Co. Software Development Engineer II Salary - ₹15.0 Lakhs to ₹38.0 Lakhs per year
Deutsche Bank Software Development Engineer II Salary - ₹20.0 Lakhs to ₹22.0 Lakhs per year

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

Standard Chartered Software Development Engineer II Salary - ₹7.5 Lakhs to ₹28.0 Lakhs per year
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 ₹1,29,004 per month to ₹1,33,459 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 3 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.