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Bank of America

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4.2

based on 3.1k Reviews

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

Annual salary range
1 - 12 years exp.
₹6.8 Lakhs - ₹26.8 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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111% more than the average Software Engineer Salary in Banking Companies for 1 - 12 years of experience

Interested in this particular role?

Salaries in different departments

Engineering - Software & QA
Software Engineer Salary
1 - 12 years exp. (278 salaries)
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₹8 L/yr - ₹27.9 L/yr

Data Science & Analytics
Software Engineer Salary
1 - 12 years exp. (16 salaries)
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₹7 L/yr - ₹22 L/yr

IT & Information Security
Software Engineer Salary
1 - 10 years exp. (13 salaries)
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₹7 L/yr - ₹27 L/yr

Last Updated: 4 Apr 2025

Companies similar to Bank of America for Software Engineer in Chennai

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Bank of America Software Engineer Salary

1 - 12 years exp. (335 salaries)
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₹6.8 L/yr - ₹26.8 L/yr

vs
Company name Avg Annual Salary Open Jobs
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NatWest Group Software Engineer Salary

0 - 12 years exp. (150 salaries)
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₹8.8 L/yr - ₹28 L/yr

arrow icon 9% more
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Standard Chartered Software Engineer Salary

0 - 7 years exp. (47 salaries)
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₹14.2 L/yr - ₹25 L/yr

arrow icon 12% less
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Barclays Software Engineer Salary

0 - 6 years exp. (9 salaries)
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₹8.1 L/yr - ₹24 L/yr

arrow icon 2% less
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NatWest Markets Software Engineer Salary

4 - 10 years exp. (9 salaries)
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₹11.5 L/yr - ₹17.8 L/yr

arrow icon 11% less
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HDFC Bank Software Engineer Salary

3 - 7 years exp. (7 salaries)
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₹4.8 L/yr - ₹13 L/yr

arrow icon 50% less
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Equitas Small Finance Bank Software Engineer Salary

2 - 4 years exp. (6 salaries)
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₹2.9 L/yr - ₹5.1 L/yr

arrow icon 80% less
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Yes Bank Software Engineer Salary

2 - 4 years exp. (4 salaries)
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₹2.6 L/yr - ₹8.7 L/yr

arrow icon 69% less
Software Engineer salary at Bank of America ranges between ₹6.8 Lakhs to ₹26.8 Lakhs per year for employees with experience between 1 year to 12 years. Salary estimates are based on 335 latest salaries received from various employees of Bank of America.

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

4d ago
₹18 Lakhs
8 years exp.
6d ago
₹18 Lakhs
7 years exp.
2w ago
₹7 Lakhs
2 years exp.
2w ago
₹9 Lakhs
1 year exp.
2w ago
₹11 Lakhs
2 years exp.
2w ago
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8 years exp.
2w ago
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2 years exp.
2w ago
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8 years exp.
2w ago
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3 years exp.
2w ago
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9 years exp.

Experience wise Bank of America Software Engineer salaries in Chennai

Last Updated: 4 Apr 2025

Experience Avg Annual Salary
1 year  (21 salaries)

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₹5 L/yr - ₹11 L/yr
2 years  (47 salaries)

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₹5 L/yr - ₹16.8 L/yr
3 years  (40 salaries)

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₹6 L/yr - ₹16.8 L/yr
4 years  (27 salaries)

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₹6.1 L/yr - ₹15 L/yr
5 years  (46 salaries)

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₹7.5 L/yr - ₹23 L/yr
View all

Similar Designation salaries in Bank of America

Senior Software Engineer Salary
(227 salaries)
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₹8.38 L/yr - ₹35.5 L/yr
Software Developer Salary
(39 salaries)
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₹6.8 L/yr - ₹25 L/yr
Senior Developer Salary
(5 salaries)
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₹14.15 L/yr - ₹16.95 L/yr
Software Development Engineer Salary
(4 salaries)
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₹10.8 L/yr - ₹30 L/yr
Associate Software Engineer Salary
(3 salaries)
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₹6 L/yr - ₹19 L/yr

Top skills at Bank of America for Software Engineer

Risk Management Asset Management Agile Coding Application Development SQL Hibernate XML Unit Testing Python SDLC Oracle Automation MVC Debugging

Salary related reviews for Bank of America

3.9

Rated by 39 employees for salary & benefits

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

read more
  • 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.

read more

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

read more
  • Salary - Good
    • +5 more

Dislikes

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

read more

Team Lead in Gurgaon / Gurugram

Full Time

 · 

Engineering - Software & QA Department

4.0
  •  posted on 28 Jan 2022
4.0
 for  Salary and Benefits

Likes

Being an employee you'll get everything you'd ask for. A good work life balance, handsome package (though it depends on your last salary), nice work location with hefty of employee benefits including personal and family insurance. Overall this organisation takes care of its employees in a decent manner. P.S - There are few flaws but can be dealt easily.

read more
  • Salary - Good
    • +6 more

Dislikes

The management plays a very vital role in terms of employees growth. Few are over burdened at the other hand few are on relaxing mode. The task allocation should be equal and associate should push to learn new things so that everyone can be involved equally. Secondly, associates who contributes in major tasks, should be recognized with better hike compared to others who are still in comfort zone.

read 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.

read more
  • 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

read more
  • Salary - Bad
    • +4 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.

read more
  • Job security - Excellent
    • +4 more

Dislikes

Salary hikes are average when compared to other product/bank related companies.

read more
see more salary related reviews

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Top trending discussions

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Salary Discussions, Hike & Promotions
2w (edited)
peacemaker
Verified Icon
·
works at
Georgia-Pacific
New offer. Confused.
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 Salary FAQs

What is the salary of Software Engineer at Bank of America in Chennai?
The average salary of a Software Engineer at Bank of America in Chennai typically ranges from ₹6.8 Lakhs to ₹26.8 Lakhs per year, depending on experience (from 1 year to 12 years).

The top 10% of Software Engineer in Chennai at Bank of America earn more than ₹21.0 Lakhs per year, and the top 1% earn over ₹29.9 Lakhs per year. Software Engineer 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 300+ Bank of America employees in India.
What is the estimated take home salary of a Software Engineer at Bank of America in Chennai?
The estimated take-home salary of a Software Engineer at Bank of America in Chennai typically ranges from ₹1,14,463 to ₹1,17,652 per month. This is based on the average salary range of ₹6.8 Lakhs to ₹26.8 Lakhs per year for employees with experience ranging from 1 year to 12 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 300+ 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 at Bank of America in Chennai?
To be a Software Engineer at Bank of America in Chennai, the key skills required include:

  • - Risk Management
  • - Asset Management
  • - Agile
  • - Coding
  • - 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 in India?
NatWest Group ₹8.8 Lakhs to ₹28.0 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 in companies similar to Bank of America in Chennai?
The salary of a Software Engineer at companies similar to Bank of America in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Barclays ₹8.1 Lakhs to ₹24.0 Lakhs per year
NatWest Markets ₹11.5 Lakhs to ₹17.8 Lakhs per year
Standard Chartered ₹14.2 Lakhs to ₹25.0 Lakhs per year
HDFC Bank ₹4.8 Lakhs to ₹13.0 Lakhs per year
Yes Bank ₹2.6 Lakhs to ₹8.7 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 at Bank of America in Chennai?
The salary growth for a Software Engineer at Bank of America in Chennai depends on factors such as experience, performance, and promotions. On average, a Software Engineer in Chennai can expect the following growth trajectory at Bank of America:

Experience Average Salary Range
1 year ₹5.0 Lakhs to ₹11.0 Lakhs per year
2 years ₹5.0 Lakhs to ₹16.8 Lakhs per year
3 years ₹6.0 Lakhs to ₹16.8 Lakhs per year
4 years ₹6.1 Lakhs to ₹15.0 Lakhs per year
and so on.

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Bank of America Software Engineer salary in Chennai ranges between ₹6.8 Lakhs to ₹26.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 335 Bank of America latest salaries received from various employees of Bank of America.