Bank of America Mumbai Software Engineer Salaries by 200+ Employees (Updated 2025)

1 - 12 years exp.

₹6.8 Lakhs - ₹28.2 Lakhs

Salary of majority employees

98% 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. (161 salaries)	₹6.8 L/yr - ₹24 L/yr
Data Science & Analytics Software Engineer Salary 1 - 6 years exp. (19 salaries)	₹6.8 L/yr - ₹17 L/yr
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IT & Information Security Software Engineer Salary 1 - 4 years exp. (5 salaries)	₹7 L/yr - ₹23.7 L/yr

Last Updated: 22 Mar 2025

Companies similar to Bank of America for Software Engineer in Mumbai

Bank of America Software Engineer Salary

1 - 12 years exp. (216 salaries)

₹6.8 L/yr - ₹28.2 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Software Engineer Salary 1 - 12 years exp. (55 salaries)	₹4.5 L/yr - ₹18.5 L/yr 27% less
RBL Bank Software Engineer Salary 1 - 9 years exp. (33 salaries)	₹4.8 L/yr - ₹16 L/yr 24% less	2 job openings
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IDFC FIRST Bank Software Engineer Salary 1 - 5 years exp. (15 salaries)	₹3.8 L/yr - ₹11.8 L/yr 49% less
Barclays Software Engineer Salary 0 - 5 years exp. (14 salaries)	₹12 L/yr - ₹20 L/yr 8% more
ICICI Bank Software Engineer Salary 2 - 3 years exp. (6 salaries)	₹3.2 L/yr - ₹9.2 L/yr 49% less
DCB Bank Software Engineer Salary 1 - 4 years exp. (6 salaries)	₹4.5 L/yr - ₹6.7 L/yr 64% less
State Bank of India Software Engineer Salary 2 - 5 years exp. (5 salaries)	₹6 L/yr - ₹15 L/yr 33% less
IndusInd Bank Software Engineer Salary 1 - 4 years exp. (4 salaries)	₹3.6 L/yr - ₹7.5 L/yr 67% less
AU Small Finance Bank Software Engineer Salary 2 - 3 years exp. (4 salaries)	₹10.7 L/yr - ₹15 L/yr 27% less
Yes Bank Software Engineer Salary 1 - 4 years exp. (3 salaries)	₹3.2 L/yr - ₹7 L/yr 67% less

Software Engineer salary at Bank of America ranges between ₹6.8 Lakhs to ₹28.2 Lakhs per year for employees with experience between 1 year to 12 years. Salary estimates are based on 216 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Software Engineer salaries in Mumbai

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
1 year (26 salaries)	₹6 L/yr - ₹12 L/yr
2 years (56 salaries)	₹5.6 L/yr - ₹14 L/yr
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3 years (48 salaries)	₹5.6 L/yr - ₹19 L/yr
4 years (13 salaries)	₹6.8 L/yr - ₹19 L/yr
5 years (18 salaries)	₹6.8 L/yr - ₹21.3 L/yr
6 years (17 salaries)	₹9 L/yr - ₹23.3 L/yr
7 years (12 salaries)	₹15 L/yr - ₹23.3 L/yr
8 years (10 salaries)	₹13.4 L/yr - ₹29.9 L/yr
9 years (10 salaries)	₹12.8 L/yr - ₹32 L/yr
10 years (5 salaries)	₹17 L/yr - ₹30.5 L/yr
11 years (AmbitionBox Estimate)	₹20.2 L/yr - ₹25.8 L/yr
12 years (AmbitionBox Estimate)	₹21.5 L/yr - ₹27.4 L/yr

View all

Similar Designation salaries in Bank of America

Senior Software Engineer Salary

(182 salaries)

₹8.15 L/yr - ₹34 L/yr

Software Developer Salary

(28 salaries)

₹6 L/yr - ₹24.5 L/yr

Software Development Engineer Salary

(5 salaries)

₹8 L/yr - ₹18 L/yr

Lead Software Engineer Salary

(3 salaries)

₹27 L/yr - ₹30 L/yr

Senior Engineer Salary

(3 salaries)

₹2.74 L/yr - ₹17.07 L/yr

Senior Developer Salary

(3 salaries)

₹25 L/yr - ₹30 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

3.8

Rated by 34 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

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.

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

Salary - Good

+5 more

Dislikes

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

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.

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.

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.

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

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.

Job security - Excellent

+4 more

Dislikes

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

see more salary related reviews

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Salary Discussions, Hike & Promotions

a manager - business analyst

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 Salary FAQs

What is the salary of Software Engineer at Bank of America in Mumbai?

The average salary of a Software Engineer at Bank of America in Mumbai typically ranges from ₹6.8 Lakhs to ₹28.2 Lakhs per year, depending on experience (from 1 year to 12 years).

The top 10% of Software Engineer in Mumbai at Bank of America earn more than ₹19.3 Lakhs per year, and the top 1% earn over ₹30.1 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 200+ Bank of America employees in India.

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

The estimated take-home salary of a Software Engineer at Bank of America in Mumbai typically ranges from ₹1,08,058 to ₹1,11,040 per month. This is based on the average salary range of ₹6.8 Lakhs to ₹28.2 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 200+ 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 Mumbai?

To be a Software Engineer at Bank of America in Mumbai, 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?

Barclays

₹12.0 Lakhs to ₹20.0 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 Mumbai?

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

RBL Bank	₹4.8 Lakhs to ₹16.0 Lakhs per year
AU Small Finance Bank	₹10.7 Lakhs to ₹15.0 Lakhs per year
HDFC Bank	₹4.5 Lakhs to ₹18.5 Lakhs per year
State Bank of India	₹6.0 Lakhs to ₹15.0 Lakhs per year
ICICI Bank	₹3.2 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 at Bank of America in Mumbai?

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

Experience	Average Salary Range
1 year	₹6.0 Lakhs to ₹12.0 Lakhs per year
2 years	₹5.6 Lakhs to ₹14.0 Lakhs per year
3 years	₹5.6 Lakhs to ₹19.0 Lakhs per year
4 years	₹6.8 Lakhs to ₹19.0 Lakhs per year

and so on.

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Bank of America Software Engineer Salaries in Mumbai

Bank of America Software Engineer salary in Mumbai ranges between ₹6.8 Lakhs to ₹28.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 216 Bank of America latest salaries received from various employees of Bank of America.

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

Companies similar to Bank of America for Software Engineer in Mumbai

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

Experience wise Bank of America Software Engineer salaries in Mumbai

Similar Designation salaries in Bank of America

Top skills at Bank of America for Software Engineer

Salary related reviews for Bank of America

Software Developer in Chennai

Senior Software Engineer in Mumbai

Team Lead in Gurgaon / Gurugram

Senior Software Engineer in Hyderabad / Secunderabad

Senior Software Engineer in Hyderabad / Secunderabad

Bank of America Software Engineer Salary FAQs

Tell us how to improve this page.