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

1 - 3 years exp.

₹6.5 Lakhs - ₹12 Lakhs

Salary of majority employees

At par with 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. (21 salaries)	₹6.5 L/yr - ₹12 L/yr
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BFSI, Investments & Trading Software Engineer Level 1 Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹8.2 L/yr - ₹9.3 L/yr

Last Updated: 28 Jan 2025

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

Bank of America Software Engineer Level 1 Salary

1 - 3 years exp. (24 salaries)

₹6.5 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Software Engineer Level 1 Salary 1 - 5 years exp. (10 salaries)	₹16 L/yr - ₹22 L/yr 83% more	1 job opening
MAQ Software Software Engineer Level 1 Salary 0 - 3 years exp. (57 salaries)	₹6 L/yr - ₹13.4 L/yr 1% less
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Connectwise India Software Engineer Level 1 Salary 1 - 3 years exp. (12 salaries)	₹5 L/yr - ₹10 L/yr 4% less
e-Emphasys Systems Software Engineer Level 1 Salary 2 - 6 years exp. (10 salaries)	₹4.1 L/yr - ₹10 L/yr 24% less
Finicity Software Engineer Level 1 Salary 3 - 6 years exp. (9 salaries)	₹6 L/yr - ₹9.5 L/yr 9% less

Software Engineer Level 1 salary at Bank of America ranges between ₹6.5 Lakhs to ₹12 Lakhs per year for employees with experience between 1 year to 3 years. Salary estimates are based on 24 latest salaries received from various employees of Bank of America.

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

Last Updated: 28 Jan 2025

Experience	Avg Annual Salary
1 year (9 salaries)	₹6.5 L/yr - ₹12 L/yr
2 years (12 salaries)	₹8.2 L/yr - ₹11 L/yr
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3 years (3 salaries)	₹8 L/yr - ₹11 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.

112% hike

Software Engineer III 9 - 15 years exp.

49% 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

(22 salaries)

₹7.05 L/yr - ₹24 L/yr

Senior Software Developer Salary

(15 salaries)

₹11 L/yr - ₹29 L/yr

Python Developer Salary

(3 salaries)

₹15.35 L/yr - ₹20 L/yr

Lead Software Engineer Salary

(3 salaries)

₹27 L/yr - ₹30 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

3.7

Rated by 4 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

YOE: 6.5, Domain: Management Consulting CCTC: 30 LPA (24LPA + 6LPA) Current Company: Infosys Consulting Have Two Offers in hand?, Which One should I pick? One from Infosys Consulting for Onsite (UK - London) Fixed: 52000 Pounds + 13000 Pounds Variable Another from American Express (band 35), Gurgaon CTC:42.8 LPA Fixed:36.4 LPA + Rest Variable

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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 Mumbai?

Software Engineer Level 1 salary at Bank of America in Mumbai ranges between ₹6.5 Lakhs to ₹12.0 Lakhs for experience between 1 years to 3 years. According to our estimates it is 3% less than the average Software Engineer Level 1 Salary in India. Salary estimates are based on 24 latest salaries received from various employees of Bank of America Mumbai.

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

The average salary of a Software Engineer Level 1 at Bank of America is 3% less than the average salary of a Software Engineer Level 1 in Mumbai. 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 Mumbai.

Which similar companies are paying more than Bank of America to a Software Engineer Level 1 in Mumbai?

JPMorgan Chase & Co. Software Engineer Level 1 Salary - ₹16.0 Lakhs to ₹22.0 Lakhs per year

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

MAQ Software Software Engineer Level 1 Salary - ₹6.0 Lakhs to ₹13.4 Lakhs per year
Connectwise India Software Engineer Level 1 Salary - ₹5.0 Lakhs to ₹10.0 Lakhs per year
Finicity Software Engineer Level 1 Salary - ₹6.0 Lakhs to ₹9.5 Lakhs per year
e-Emphasys Systems Software Engineer Level 1 Salary - ₹4.1 Lakhs to ₹10.0 Lakhs per year

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

The estimated take-home salary of a Software Engineer Level 1 at Bank of America ranges between ₹70,141 per month to ₹71,945 per month in Mumbai. The take-home salary calculation is based on the average Bank of America Software Engineer Level 1 salary in India which ranges between ₹6.5 Lakhs to ₹12.0 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 Mumbai?

According to AmbitionBox, 86% of the Bank of America Software Engineer Level 1s in Mumbai reported a notice period of 2 Months, 14% reported a notice period of 1 Month.This is based on 7 responses on AmbitionBox in last 2 years.

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Bank of America Software Engineer Level 1 Salaries in Mumbai

Bank of America Software Engineer Level 1 salary in Mumbai ranges between ₹6.5 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 24 Bank of America latest salaries received from various employees of Bank of America.