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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 III salaries in India (Updated 2025)

Annual salary range
9 - 15 years exp.
₹18.9 Lakhs - ₹41.7 Lakhs
Salary of majority employees
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12% more than the average Software Engineer III Salary in Banking Companies for 9 - 15 years of experience

Interested in this particular role? 3 job openings

Salaries in different departments

Engineering - Software & QA
Software Engineer III Salary
9 - 15 years exp. (107 salaries)
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₹18.9 L/yr - ₹41.7 L/yr

IT & Information Security
Software Engineer III Salary
10 - 15 years exp. (5 salaries)
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₹27.6 L/yr - ₹33 L/yr

Last Updated: 17 Mar 2025

Companies similar to Bank of America for Software Engineer III

Company name Avg Annual Salary Open Jobs
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ICICI Bank Software Engineer III Salary

8 - 9 years exp. (4 salaries)
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₹27 L/yr - ₹34.5 L/yr

arrow icon 4% less
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Standard Chartered Software Engineer III Salary

5 - 12 years exp. (3 salaries)
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₹10 L/yr - ₹30 L/yr

arrow icon 31% less
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Walmart Software Engineer III Salary

2 - 9 years exp. (1.9k salaries)
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₹14.5 L/yr - ₹47 L/yr

arrow icon 3% more
 32 job openings
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JPMorgan Chase & Co. Software Engineer III Salary

2 - 15 years exp. (563 salaries)
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₹17 L/yr - ₹46.4 L/yr

arrow icon 9% more
 65 job openings
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Cisco Software Engineer III Salary

3 - 9 years exp. (267 salaries)
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₹12 L/yr - ₹40 L/yr

arrow icon 8% less
 1 job opening
Software Engineer III salary at Bank of America ranges between ₹18.9 Lakhs to ₹41.7 Lakhs per year for employees with experience between 9 years to 15 years. Salary estimates are based on 131 latest salaries received from various employees of Bank of America.

Latest annual salaries shared by Bank of America Software Engineer III

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Experience wise Bank of America Software Engineer III salaries

Last Updated: 17 Mar 2025

Experience Avg Annual Salary
9 years  (11 salaries)

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₹18.9 L/yr - ₹37 L/yr
10 years  (20 salaries)

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₹21 L/yr - ₹39 L/yr
11 years  (28 salaries)

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₹20 L/yr - ₹38 L/yr
12 years  (34 salaries)

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₹19.1 L/yr - ₹41.7 L/yr
13 years  (13 salaries)

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₹23.2 L/yr - ₹38.7 L/yr
View all

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₹4.3 L/yr - ₹13.5 L/yr
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Top skills at Bank of America for Software Engineer III

Risk Management Agile Risk Management Python Application Development SDLC SQL Troubleshooting MVC Oracle Coding Unix SQL Hibernate Scrum

Salary related reviews for Bank of America

3.6

Rated by 15 employees for salary & benefits

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

Software Engineer II in Chennai

Engineering - Software & QA Department

4.0
  •  posted on 27 Jun 2022
3.0
 for  Salary and Benefits

Likes

You will get good benefits apart from your salary like Cab, Sodexho Card, Gym. There is no variable pay in BA.

read more
  • Job security - Good

Dislikes

HR people are dummy in BA, If you will have good relationship with your manager or VP then you will get good appraisal or promotion. They are having escalation process but if you escalate something about your manager then it will first reach to your manager and they will corner you. There is no onsite opportunity in BA

read more
  • Promotions - Bad
    • +1 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 Systems Engineer in Hyderabad / Secunderabad

Engineering - Software & QA Department

3.0
  •  posted on 09 May 2022
1.0
 for  Salary and Benefits

Likes

...uld benefit low level employees all are tend to meant for management benefits. Company policies and pay never compete/normalise with outside market

read more
  • Job security - Good

Dislikes

Everything except job security. Since we work for very low wage

  • Salary - Bad
    • +2 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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Salary Discussions, Hike & Promotions
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a manager - business analyst
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 III Salary FAQs

What is the salary of Software Engineer III at Bank of America ?
The average salary of a Software Engineer III at Bank of America in India typically ranges from ₹18.9 Lakhs to ₹41.7 Lakhs per year, depending on experience (from 9 years to 15 years).

The top 10% of Software Engineer III at Bank of America earn more than ₹37.0 Lakhs per year, and the top 1% earn over ₹41.6 Lakhs per year. Software Engineer III 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 100+ Bank of America employees in India.
What is the estimated take home salary of a Software Engineer III at Bank of America in India?
The estimated take-home salary of a Software Engineer III at Bank of America in India typically ranges from ₹1,91,561 to ₹1,99,085 per month. This is based on the average salary range of ₹18.9 Lakhs to ₹41.7 Lakhs per year for employees with experience ranging from 9 years to 15 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 100+ salaries received from various employees of Bank of America. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Software Engineer III at Bank of America ?
To be a Software Engineer III at Bank of America in india, the key skills required include:

  • - Risk Management
  • - Agile
  • - Risk Management
  • - Python
  • - Application Development

These skills are highly valued at Bank of America and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Bank of America for Software Engineer III in India?
JPMorgan Chase & Co. ₹17.0 Lakhs to ₹46.4 Lakhs per year
Walmart ₹14.5 Lakhs to ₹47.0 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 III in companies similar to Bank of America in India?
The salary of a Software Engineer III at companies similar to Bank of America in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

ICICI Bank ₹27.0 Lakhs to ₹34.5 Lakhs per year
Cisco ₹12.0 Lakhs to ₹40.0 Lakhs per year
Standard Chartered ₹10.0 Lakhs to ₹30.0 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 Engineer III at Bank of America in India?
The salary growth for a Software Engineer III at Bank of America depends on factors such as experience, performance, and promotions. On average, a Software Engineer III can expect the following growth trajectory at Bank of America:

Experience Average Salary Range
9 years ₹18.9 Lakhs to ₹37.0 Lakhs per year
10 years ₹21.0 Lakhs to ₹39.0 Lakhs per year
11 years ₹20.0 Lakhs to ₹38.0 Lakhs per year
12 years ₹19.1 Lakhs to ₹41.7 Lakhs per year
and so on.

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Bank of America Software Engineer III Salaries by Location

Bank of America Software Engineer III salary in India ranges between ₹18.9 Lakhs to ₹41.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 131 Bank of America latest salaries received from various employees of Bank of America.