Bank of America Chennai Software Engineer Level 1 Salaries by 20+ Employees (Updated 2025)

1 - 3 years exp.

₹7 Lakhs - ₹14 Lakhs

Salary of majority employees

21% more than the average Software Engineer Level 1 Salary in Banking Companies for 1 - 3 years of experience

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Salaries in different departments

Engineering - Software & QA Software Engineer Level 1 Salary 1 - 3 years exp. (17 salaries)	₹7 L/yr - ₹14 L/yr
BFSI, Investments & Trading Software Engineer Level 1 Salary 2 years exp. (AmbitionBox Estimate)	₹8.5 L/yr - ₹10.4 L/yr
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Data Science & Analytics Software Engineer Level 1 Salary 1 year exp. (AmbitionBox Estimate)	₹8.5 L/yr - ₹11.7 L/yr

Last Updated: 1 Mar 2025

Companies similar to Bank of America for Software Engineer Level 1 in Chennai

Bank of America Software Engineer Level 1 Salary

1 - 3 years exp. (20 salaries)

₹7 L/yr - ₹14 L/yr

Company name	Avg Annual Salary	Open Jobs
FIS Software Engineer Level 1 Salary 2 - 4 years exp. (38 salaries)	₹5.3 L/yr - ₹11.5 L/yr 18% less
Syncfusion Software Engineer Level 1 Salary 0 - 3 years exp. (29 salaries)	₹2.4 L/yr - ₹4.5 L/yr 69% less
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Market Simplified Software Engineer Level 1 Salary 0 - 4 years exp. (22 salaries)	₹3.9 L/yr - ₹8.2 L/yr 47% less
HCLTech Software Engineer Level 1 Salary 1 - 4 years exp. (18 salaries)	₹2.9 L/yr - ₹4.9 L/yr 54% less
Hexaware Technologies Software Engineer Level 1 Salary 2 - 4 years exp. (15 salaries)	₹4.5 L/yr - ₹7.9 L/yr 45% less

Software Engineer Level 1 salary at Bank of America ranges between ₹7 Lakhs to ₹14 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 20 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Software Engineer Level 1 salaries in Chennai

Last Updated: 1 Mar 2025

Experience	Avg Annual Salary
1 year (5 salaries)	₹7 L/yr - ₹11.8 L/yr
2 years (8 salaries)	₹8.5 L/yr - ₹10.5 L/yr
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3 years (7 salaries)	₹8.9 L/yr - ₹14 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.

106% 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.

Similar Designation salaries in Bank of America

Software Developer Salary

(36 salaries)

₹6.8 L/yr - ₹25 L/yr

Senior Software Developer Salary

(14 salaries)

₹10 L/yr - ₹26.02 L/yr

Senior Software Development Engineer Salary

(8 salaries)

₹11.3 L/yr - ₹20.3 L/yr

Agile Coach Salary

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Full Stack Developer Salary

(6 salaries)

₹14.75 L/yr - ₹24 L/yr

Java Developer Salary

(4 salaries)

₹11.66 L/yr - ₹25.81 L/yr

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

3.8

Rated by 3 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.

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

Assistant Vice President in Chennai

Full Time

Engineering - Software & QA Department

1.0

• posted on 04 Oct 2024

5.0

for Salary and Benefits

Likes

Organization is beautifully structured ,salary wise and other benefits are very good

Salary - Excellent

Dislikes

Management is damn worst and they literally torcher without listening the issues from employees ,for new entry mid level seniors it's very very tough to survive...lots of politics and tech stack wise is very old we work

Skill development - Bad

+4 more

Senior Team Member in New Delhi

Full Time

Risk Management & Compliance Department

4.0

• posted on 20 Jul 2024

3.0

for Salary and Benefits

Likes

Work life balance Working Environment Management Perks and Benefits If you want to enjoy life with job then go for it . It’s like government job. Once you worked here you will not like working anywhere else.

Job security - Excellent

+3 more

Dislikes

Appraisal and Salary. If you’re going here have mindset that they initially they don’t pay that much but with time you will experience growth if your performance is good

see more salary related reviews

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Salary Discussions, Hike & Promotions

1w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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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 Chennai?

Software Engineer Level 1 salary at Bank of America in Chennai ranges between ₹7.0 Lakhs to ₹14.0 Lakhs for experience between 1 years to 3 years. According to our estimates it is 21% more than the average Software Engineer Level 1 Salary in India. Salary estimates are based on 20 latest salaries received from various employees of Bank of America Chennai.

How does the salary of a Software Engineer Level 1 at Bank of America Chennai compare with the average salary range for this job?

The average salary of a Software Engineer Level 1 at Bank of America is 21% more than the average salary of a Software Engineer Level 1 in Chennai. To know exact salary insights, login to view.

What are the top skills required to work as a Software Engineer Level 1 at Bank of America?

SQL, Python, Unix, SOA and Informatica are some of the popular skills required to work as a Software Engineer Level 1 at Bank of America Chennai.

What is the salary of a Software Engineer Level 1 in companies similar to Bank of America in Chennai?

FIS Software Engineer Level 1 Salary - ₹5.3 Lakhs to ₹11.5 Lakhs per year
Hexaware Technologies Software Engineer Level 1 Salary - ₹4.5 Lakhs to ₹7.9 Lakhs per year
Market Simplified Software Engineer Level 1 Salary - ₹3.9 Lakhs to ₹8.2 Lakhs per year
HCLTech Software Engineer Level 1 Salary - ₹2.9 Lakhs to ₹4.9 Lakhs per year
Syncfusion Software Engineer Level 1 Salary - ₹2.4 Lakhs to ₹4.5 Lakhs per year

What is the estimated take home salary of a Software Engineer Level 1 at Bank of America in Chennai?

The estimated take-home salary of a Software Engineer Level 1 at Bank of America ranges between ₹73,143 per month to ₹75,032 per month in Chennai. The take-home salary calculation is based on the average Bank of America Software Engineer Level 1 salary in India which ranges between ₹7.0 Lakhs to ₹14.0 Lakhs per year for employees with experience between 1 years to 3 years. Check how did we calculate take home salary?

What is the notice period for Software Engineer Level 1 at Bank of America in Chennai?

According to AmbitionBox, 63% of the Bank of America Software Engineer Level 1s in Chennai reported a notice period of 2 Months, 18% reported a notice period of 3 Months and the remaining reported other notice period durations. This is based on 16 responses on AmbitionBox in last 2 years.

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Bank of America Software Engineer Level 1 Salaries in Chennai

Bank of America Software Engineer Level 1 salary in Chennai ranges between ₹7 Lakhs to ₹14 Lakhs with an average annual salary of ₹. Salary estimates are based on 20 Bank of America latest salaries received from various employees of Bank of America.

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

Companies similar to Bank of America for Software Engineer Level 1 in Chennai

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

Experience wise Bank of America Software Engineer Level 1 salaries in Chennai

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

Team Member in New Delhi

Assistant Vice President in Chennai

Senior Team Member in New Delhi

Bank of America Software Engineer Level 1 Salary FAQs

Tell us how to improve this page.