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Bank of America

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4.2

based on 3.1k Reviews

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Bank of America Software Engineer 1B salaries in India (Updated 2025)

Annual salary range
1 - 3 years exp.
₹5 Lakhs - ₹14 Lakhs
Salary of majority employees
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At par with the average Software Engineer 1B Salary in Banking Companies for 1 - 3 years of experience

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Salaries in different departments

Engineering - Software & QA
Software Engineer 1B Salary
1 - 3 years exp. (66 salaries)
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₹5 L/yr - ₹14 L/yr

Data Science & Analytics
Software Engineer 1B Salary
1 - 3 years exp. (6 salaries)
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₹7 L/yr - ₹12.5 L/yr

IT & Information Security
Software Engineer 1B Salary
1 - 3 years exp. (4 salaries)
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₹7 L/yr - ₹10 L/yr

Last Updated: 21 Mar 2025

Companies similar to Bank of America for Software Engineer 1B

Company name Avg Annual Salary Open Jobs
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Ciena Software Engineer 1B Salary

2 - 4 years exp. (25 salaries)
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₹12.5 L/yr - ₹19.5 L/yr

arrow icon 81% more
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HCLTech Software Engineer 1B Salary

0 - 4 years exp. (13 salaries)
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₹3.5 L/yr - ₹4.5 L/yr

arrow icon 56% less
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Wipro Software Engineer 1B Salary

1 - 7 years exp. (7 salaries)
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₹4.4 L/yr - ₹10 L/yr

arrow icon 19% less
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Capgemini Software Engineer 1B Salary

1 - 4 years exp. (7 salaries)
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₹4 L/yr - ₹7 L/yr

arrow icon 43% less
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Sopra Steria Software Engineer 1B Salary

0 - 1 year exp. (5 salaries)
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₹6 L/yr - ₹7 L/yr

arrow icon 27% less
Software Engineer 1B salary at Bank of America ranges between ₹5 Lakhs to ₹14 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 87 latest salaries received from various employees of Bank of America.

Latest annual salaries shared by Bank of America Software Engineer 1B

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Experience wise Bank of America Software Engineer 1B salaries

Last Updated: 21 Mar 2025

Experience Avg Annual Salary
1 year  (31 salaries)

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₹5 L/yr - ₹11.1 L/yr
2 years  (45 salaries)

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₹5.3 L/yr - ₹14 L/yr
3 years  (11 salaries)

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₹6 L/yr - ₹12 L/yr
Bank of America Software Engineer 1B Salary and Career Growth

From

To

Software Engineer 1B

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1 - 3 years exp.

Software Engineer

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1 - 12 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

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₹7.5 L/yr - ₹28.07 L/yr
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₹18.5 L/yr - ₹34.6 L/yr
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₹6 L/yr - ₹26.44 L/yr
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₹8.5 L/yr - ₹12 L/yr
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₹8 L/yr - ₹30 L/yr

Salary related reviews for Bank of America

3.5

Rated by 6 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

read more
  • 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.

read more

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

read more
  • Salary - Good
    • +5 more

Dislikes

Long term career growth is difficult, too much competition to reach higher job roles, employee skills not utilized correctly.

read more

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.

read more
  • 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.

read more

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.

read more
  • 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

read more
  • 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.

read more
  • Job security - Excellent
    • +4 more

Dislikes

Salary hikes are average when compared to other product/bank related companies.

read more
see more salary related reviews

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Shifting from Bangalore to Hyderabad
I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts
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Bank of America Software Engineer 1B Salary FAQs

What is the salary of Software Engineer 1B at Bank of America ?
The average salary of a Software Engineer 1B at Bank of America in India typically ranges from ₹5.0 Lakhs to ₹14.0 Lakhs per year, depending on experience (from 1 year to 3 years).

The top 10% of Software Engineer 1B at Bank of America earn more than ₹11.8 Lakhs per year, and the top 1% earn over ₹14.0 Lakhs per year. Software Engineer 1B 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 80+ Bank of America employees in India.
What is the estimated take home salary of a Software Engineer 1B at Bank of America in India?
The estimated take-home salary of a Software Engineer 1B at Bank of America in India typically ranges from ₹62,880 to ₹64,479 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹14.0 Lakhs per year for employees with experience ranging from 1 year to 3 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 80+ salaries received from various employees of Bank of America. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than Bank of America for Software Engineer 1B in India?
Ciena ₹12.5 Lakhs to ₹19.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Bank of America, depending on the role and experience level.
What is the salary of a Software Engineer 1B in companies similar to Bank of America in India?
The salary of a Software Engineer 1B at companies similar to Bank of America in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Wipro ₹4.4 Lakhs to ₹10.0 Lakhs per year
Sopra Steria ₹6.0 Lakhs to ₹7.0 Lakhs per year
Capgemini ₹4.0 Lakhs to ₹7.0 Lakhs per year
HCLTech ₹3.5 Lakhs to ₹4.5 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 Engineer 1B at Bank of America in India?
The salary growth for a Software Engineer 1B at Bank of America depends on factors such as experience, performance, and promotions. On average, a Software Engineer 1B can expect the following growth trajectory at Bank of America:

Experience Average Salary Range
1 year ₹5.0 Lakhs to ₹11.1 Lakhs per year
2 years ₹5.3 Lakhs to ₹14.0 Lakhs per year
3 years ₹6.0 Lakhs to ₹12.0 Lakhs per year
and so on.

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Bank of America Software Engineer 1B Salaries by Location

Bank of America Software Engineer 1B salary in India ranges between ₹5 Lakhs to ₹14 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 87 Bank of America latest salaries received from various employees of Bank of America.