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

1 - 4 years exp.

₹6.5 Lakhs - ₹12 Lakhs

Avg. annual salary

Monthly In-hand Salary

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. (22 salaries)	₹6.5 L/yr - ₹12 L/yr
Login to view exact salary
BFSI, Investments & Trading Software Engineer Level 1 Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹8.2 L/yr - ₹9 L/yr

Last Updated: 22 Mar 2025

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

Bank of America Software Engineer Level 1 Salary

1 - 4 years exp. (25 salaries)

₹6.5 L/yr - ₹12 L/yr

Company name	Avg Annual Salary	Open Jobs
MAQ Software Software Engineer Level 1 Salary 0 - 3 years exp. (57 salaries)	₹6 L/yr - ₹13.4 L/yr 6% less
Connectwise India Software Engineer Level 1 Salary 1 - 4 years exp. (12 salaries)	₹5 L/yr - ₹10 L/yr 9% less
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Finicity Software Engineer Level 1 Salary 3 - 6 years exp. (10 salaries)	₹6 L/yr - ₹9.5 L/yr 15% less
e-Emphasys Systems Software Engineer Level 1 Salary 2 - 6 years exp. (10 salaries)	₹4.1 L/yr - ₹10 L/yr 28% less
Diebold Nixdorf Software Engineer Level 1 Salary 1 - 4 years exp. (9 salaries)	₹4.8 L/yr - ₹10.2 L/yr 37% 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 4 years. Salary estimates are based on 25 latest salaries received from various employees of Bank of America.

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

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
1 year (9 salaries)	₹6.5 L/yr - ₹12 L/yr
2 years (12 salaries)	₹8.5 L/yr - ₹11 L/yr
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3 years (3 salaries)	₹8 L/yr - ₹11 L/yr
4 years (AmbitionBox Estimate)	₹10.1 L/yr - ₹12.9 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.

103% hike

Software Engineer III 9 - 15 years exp.

47% 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

(28 salaries)

₹6 L/yr - ₹24.5 L/yr

Senior Software Developer Salary

(15 salaries)

₹11 L/yr - ₹29 L/yr

Python Developer Salary

(3 salaries)

₹15.33 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

2.8

Rated by 5 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

see more salary related reviews

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Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

89 participants . expiring in 2d

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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 in Mumbai?

The average salary of a Software Engineer Level 1 at Bank of America in Mumbai typically ranges from ₹6.5 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 1 year to 4 years).

The top 10% of Software Engineer Level 1 in Mumbai at Bank of America earn more than ₹11.0 Lakhs per year, and the top 1% earn over ₹12.0 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 20+ Bank of America employees in India.

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 in Mumbai typically ranges from ₹73,800 to ₹75,707 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹12.0 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 20+ 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 in Mumbai?

To be a Software Engineer Level 1 at Bank of America in Mumbai, 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.

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

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

MAQ Software	₹6.0 Lakhs to ₹13.4 Lakhs per year
Connectwise India	₹5.0 Lakhs to ₹10.0 Lakhs per year
Finicity	₹6.0 Lakhs to ₹9.5 Lakhs per year
e-Emphasys Systems	₹4.1 Lakhs to ₹10.0 Lakhs per year
Diebold Nixdorf	₹4.8 Lakhs to ₹10.2 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 Mumbai?

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

Experience	Average Salary Range
1 year	₹6.5 Lakhs to ₹12.0 Lakhs per year
2 years	₹8.5 Lakhs to ₹11.0 Lakhs per year
3 years	₹8.0 Lakhs to ₹11.0 Lakhs per year
4 years	₹10.1 Lakhs to ₹12.9 Lakhs per year

and so on.

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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 25 Bank of America latest salaries received from various employees of Bank of America.