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

9 - 15 years exp.

₹23 Lakhs - ₹40.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

At par with the average Software Engineer III Salary in Banking Companies for 9 - 15 years of experience

Interested in this particular role? 6 job openings

Salaries in different departments

Engineering - Software & QA Software Engineer III Salary 9 - 15 years exp. (7 salaries)	₹23 L/yr - ₹40.5 L/yr
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IT & Information Security Software Engineer III Salary 10 - 11 years exp. (AmbitionBox Estimate)	₹31 L/yr - ₹34.8 L/yr

Last Updated: 8 Jan 2025

Companies similar to Bank of America for Software Engineer III in Mumbai

Bank of America Software Engineer III Salary

9 - 15 years exp. (11 salaries)

₹23 L/yr - ₹40.5 L/yr

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Software Engineer III Salary 2 - 15 years exp. (99 salaries)	₹22.5 L/yr - ₹44 L/yr 6% more	61 job openings
Morgan Stanley Software Engineer III Salary 2 - 7 years exp. (12 salaries)	₹20 L/yr - ₹40 L/yr 11% less
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BA Continuum Software Engineer III Salary 10 - 17 years exp. (11 salaries)	₹19.2 L/yr - ₹39.4 L/yr 7% less
Shaadi.com Software Engineer III Salary 3 - 4 years exp. (9 salaries)	₹12 L/yr - ₹34.8 L/yr 40% less
Forcepoint Software Engineer III Salary 5 - 9 years exp. (5 salaries)	₹21 L/yr - ₹26.5 L/yr 22% less

Software Engineer III salary at Bank of America ranges between ₹23 Lakhs to ₹40.5 Lakhs per year for employees with experience between 9 years to 15 years. Salary estimates are based on 11 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Software Engineer III salaries in Mumbai

Last Updated: 8 Jan 2025

Experience	Avg Annual Salary
9 years (AmbitionBox Estimate)	₹27.2 L/yr - ₹34.7 L/yr
10 years (3 salaries)	₹25 L/yr - ₹37 L/yr
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11 years (AmbitionBox Estimate)	₹28.5 L/yr - ₹36.4 L/yr
12 years (AmbitionBox Estimate)	₹29.2 L/yr - ₹37.3 L/yr
13 years (AmbitionBox Estimate)	₹29.9 L/yr - ₹38.2 L/yr
14 years (AmbitionBox Estimate)	₹30.6 L/yr - ₹39.1 L/yr
15+ years (AmbitionBox Estimate)	₹31.3 L/yr - ₹40 L/yr

View all

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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 SQL MVC Oracle Coding Unix Hibernate Scrum

Salary related reviews for Bank of America

4.0

Rated by 2 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

Salary - Good

+5 more

Dislikes

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

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.

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

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.

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 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

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.

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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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Bank of America Software Engineer III Salary FAQs

What is the salary of Software Engineer III at Bank of America in Mumbai?

The average salary of a Software Engineer III at Bank of America in Mumbai typically ranges from ₹23.0 Lakhs to ₹40.5 Lakhs per year, depending on experience (from 9 years to 15 years).

The top 10% of Software Engineer III in Mumbai at Bank of America earn more than ₹38.8 Lakhs per year, and the top 1% earn over ₹40.5 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 10+ Bank of America employees in India.

What is the estimated take home salary of a Software Engineer III at Bank of America in Mumbai?

The estimated take-home salary of a Software Engineer III at Bank of America in Mumbai typically ranges from ₹1,98,173 to ₹2,05,996 per month. This is based on the average salary range of ₹23.0 Lakhs to ₹40.5 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 10+ 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 in Mumbai?

To be a Software Engineer III at Bank of America in Mumbai, 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.

₹22.5 Lakhs to ₹44.0 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 Mumbai?

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

BA Continuum	₹19.2 Lakhs to ₹39.4 Lakhs per year
Morgan Stanley	₹20.0 Lakhs to ₹40.0 Lakhs per year
Forcepoint	₹21.0 Lakhs to ₹26.5 Lakhs per year
Shaadi.com	₹12.0 Lakhs to ₹34.8 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 Mumbai?

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

Experience	Average Salary Range
9 years	₹27.2 Lakhs to ₹34.7 Lakhs per year
10 years	₹25.0 Lakhs to ₹37.0 Lakhs per year
11 years	₹28.5 Lakhs to ₹36.4 Lakhs per year
12 years	₹29.2 Lakhs to ₹37.3 Lakhs per year

and so on.

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Bank of America Software Engineer III Salaries in Mumbai

Bank of America Software Engineer III salary in Mumbai ranges between ₹23 Lakhs to ₹40.5 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.