Bank of America Software Engineer Level 1 Salaries by 100+ Employees (Updated 2025)

1 - 4 years exp.

₹5.6 Lakhs - ₹18 Lakhs

Salary of majority employees

Fixed (100%)

₹10.3 Lakhs

Variable (0%)

₹0.0

At par with the average Software Engineer Level 1 Salary in Banking Companies for 1 - 4 years of experience

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Salaries in different departments

Engineering - Software & QA Software Engineer Level 1 Salary 1 - 4 years exp. (95 salaries)	₹5.6 L/yr - ₹18 L/yr
Data Science & Analytics Software Engineer Level 1 Salary 1 - 3 years exp. (4 salaries)	₹8.5 L/yr - ₹12.8 L/yr
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BFSI, Investments & Trading Software Engineer Level 1 Salary 1 - 2 years exp. (3 salaries)	₹8.2 L/yr - ₹10.9 L/yr

Last Updated: 22 Mar 2025

Companies similar to Bank of America for Software Engineer Level 1

Company name	Avg Annual Salary	Open Jobs
AU Small Finance Bank Software Engineer Level 1 Salary 2 years exp. (4 salaries)	₹13.7 L/yr - ₹15 L/yr 39% more
NatWest Group Software Engineer Level 1 Salary 1 year exp. (4 salaries)	₹8 L/yr - ₹15 L/yr 14% more
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MAQ Software Software Engineer Level 1 Salary 0 - 3 years exp. (601 salaries)	₹5 L/yr - ₹13.7 L/yr 7% less
FIS Software Engineer Level 1 Salary 2 - 4 years exp. (268 salaries)	₹5 L/yr - ₹12.5 L/yr 17% less
Oracle Cerner Software Engineer Level 1 Salary 0 - 4 years exp. (236 salaries)	₹5.9 L/yr - ₹9.2 L/yr 26% less

Software Engineer Level 1 salary at Bank of America ranges between ₹5.6 Lakhs to ₹18 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 108 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Software Engineer Level 1 salaries

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
1 year (36 salaries)	₹5.6 L/yr - ₹12 L/yr
2 years (38 salaries)	₹7.1 L/yr - ₹13.5 L/yr
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3 years (28 salaries)	₹7 L/yr - ₹18 L/yr
4 years (6 salaries)	₹9 L/yr - ₹15.5 L/yr

From

Software Engineer Level 1

₹

Lakhs/yr

1 - 4 years exp.

Software Engineer III

₹

Lakhs/yr

9 - 15 years exp.

Software Engineer Level 1 1 - 4 years exp.

Software Engineer2 5 - 12 years exp.

104% hike

Software Engineer III 9 - 15 years exp.

48% hike

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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Pega Developer Salary

(6 salaries)

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Top skills at Bank of America for Software Engineer Level 1

SQL Python Unix SOA Informatica Risk Management Oracle Project Management SyBase Agile Technical Support Cucumber Automation Testing MVC Automation

Salary related reviews for Bank of America

3.7

Rated by 12 employees for salary & benefits

Software Engineer Level 1 in Mumbai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 18 Nov 2023

4.0

for Salary and Benefits

Likes

Nice work life balance. Good people and decent management. Not the best but you can survive. Good opportunities to learn new tech.

Salary - Good

+5 more

Dislikes

Won't pay you well and very conservative as all banks are. Good opportunity to learn new tech, but won't get an opportunity to apply and use those learnings as they kind of have a phobia of new tech adoption.

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.

Assistant Vice President in Mumbai

Full Time

Project & Program Management Department

2.0

• posted on 16 Mar 2025

2.0

for Salary and Benefits

Likes

Work life balance Continue to work here if you are not looking for any growth and are happy with little increments every year. Outdated process etc

Job security - Good

Dislikes

Toxic work culture Bad managers No recognition No promotion Not good increments No bonus List goes on...

Salary - Poor

+4 more

Manager in Mumbai

Full Time

Other Department

5.0

• posted on 13 Feb 2025

5.0

for Salary and Benefits

Likes

... 8 lacks. Insurance for parents/aws. Sodexo food card with 1300 monthly balance. Yearly bonus. Cab facility if you are not availing it can be get transport allowance upto 1800 monthly.

Salary - Excellent

+6 more

Dislikes

Favoritism is there in internal leadership. Promotion cycle are long if you are an average performer.

Team Member in New Delhi

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 14 Oct 2024

1.0

for Salary and Benefits

Likes

Nodal Pickup and home drop- both side cab

Job security - Good

Dislikes

Salary× Promotion /ratings× Hike doesn't even cover the inflation rates Some processes are good but mine was the worst Won't hire people even if we have loads of volumes for atleast 11 months a year. Indirectly pressure the employees to extend without any extra pay No night allowance Cafeteria is quite expensive for the allowance we are provided- 1300 per month Overcrowded workspaces No trips No outings

Salary - Bad

+3 more

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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 Level 1 Salary FAQs

What is the salary of Software Engineer Level 1 at Bank of America ?

The average salary of a Software Engineer Level 1 at Bank of America in India typically ranges from ₹5.6 Lakhs to ₹18.0 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Software Engineer Level 1 at Bank of America earn more than ₹12.3 Lakhs per year, and the top 1% earn over ₹16.6 Lakhs per year. Software Engineer Level 1 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 Level 1 at Bank of America in India?

The estimated take-home salary of a Software Engineer Level 1 at Bank of America in India typically ranges from ₹74,196 to ₹76,114 per month. This is based on the average salary range of ₹5.6 Lakhs to ₹18.0 Lakhs per year for employees with experience ranging from 1 year to 4 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 Level 1 at Bank of America ?

To be a Software Engineer Level 1 at Bank of America in india, the key skills required include:

- SQL
- Python
- Unix
- SOA
- Informatica

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 Level 1 in India?

AU Small Finance Bank	₹13.7 Lakhs to ₹15.0 Lakhs per year
NatWest Group	₹8.0 Lakhs to ₹15.0 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 Level 1 in companies similar to Bank of America in India?

The salary of a Software Engineer Level 1 at companies similar to Bank of America in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

MAQ Software	₹5.0 Lakhs to ₹13.7 Lakhs per year
FIS	₹5.0 Lakhs to ₹12.5 Lakhs per year
Oracle Cerner	₹5.9 Lakhs to ₹9.2 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 Level 1 at Bank of America in India?

The salary growth for a Software Engineer Level 1 at Bank of America depends on factors such as experience, performance, and promotions. On average, a Software Engineer Level 1 can expect the following growth trajectory at Bank of America:

Experience	Average Salary Range
1 year	₹5.6 Lakhs to ₹12.0 Lakhs per year
2 years	₹7.1 Lakhs to ₹13.5 Lakhs per year
3 years	₹7.0 Lakhs to ₹18.0 Lakhs per year
4 years	₹9.0 Lakhs to ₹15.5 Lakhs per year

and so on.

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Bank of America Software Engineer Level 1 Salaries

Bank of America Software Engineer Level 1 salary in India ranges between ₹5.6 Lakhs to ₹18 Lakhs with an average annual salary of ₹. Salary estimates are based on 108 Bank of America latest salaries received from various employees of Bank of America.

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

Companies similar to Bank of America for Software Engineer Level 1

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

Experience wise Bank of America Software Engineer Level 1 salaries

Similar Designation salaries in Bank of America

Top skills at Bank of America for Software Engineer Level 1

Salary related reviews for Bank of America

Software Engineer Level 1 in Mumbai

Software Developer in Chennai

Assistant Vice President in Mumbai

Manager in Mumbai

Team Member in New Delhi

Bank of America Software Engineer Level 1 Salary FAQs

Tell us how to improve this page.

Bank of America Software Engineer Level 1 Salaries by Location