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

Annual salary range
1 - 12 years exp.
₹6.8 Lakhs - ₹23.7 Lakhs
Salary of majority employees
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107% more than the average Software Engineer Salary in Banking Companies for 1 - 12 years of experience

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Salaries in different departments

Engineering - Software & QA
Software Engineer Salary
1 - 12 years exp. (157 salaries)
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₹6.8 L/yr - ₹23.8 L/yr

Data Science & Analytics
Software Engineer Salary
1 - 6 years exp. (17 salaries)
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₹6.8 L/yr - ₹17 L/yr

IT & Information Security
Software Engineer Salary
1 - 4 years exp. (5 salaries)
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₹7 L/yr - ₹23.6 L/yr

Last Updated: 8 Mar 2025

Companies similar to Bank of America for Software Engineer in Mumbai

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Bank of America Software Engineer Salary

1 - 12 years exp. (205 salaries)

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₹6.8 L/yr - ₹23.7 L/yr

vs
Company name Avg Annual Salary Open Jobs
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HDFC Bank Software Engineer Salary

1 - 7 years exp. (50 salaries)

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₹2.9 L/yr - ₹12.5 L/yr

arrow icon 50% less
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ICICI Bank Software Engineer Salary

2 - 4 years exp. (6 salaries)

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₹3.2 L/yr - ₹9.4 L/yr

arrow icon 48% less
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Axis Bank Software Engineer Salary

0 - 5 years exp. (21 salaries)

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₹3 L/yr - ₹10 L/yr

arrow icon 59% less
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Kotak Mahindra Bank Software Engineer Salary

3 - 6 years exp. (10 salaries)

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₹6 L/yr - ₹18.7 L/yr

arrow icon 25% less
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State Bank of India Software Engineer Salary

2 - 5 years exp. (4 salaries)

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₹6 L/yr - ₹15 L/yr

arrow icon 44% less
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IndusInd Bank Software Engineer Salary

1 - 4 years exp. (4 salaries)

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₹3.6 L/yr - ₹7.5 L/yr

arrow icon 67% less
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Yes Bank Software Engineer Salary

1 - 4 years exp. (3 salaries)

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₹3.2 L/yr - ₹7 L/yr

arrow icon 67% less
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IDFC FIRST Bank Software Engineer Salary

1 - 6 years exp. (15 salaries)

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₹3.8 L/yr - ₹11.8 L/yr

arrow icon 50% less
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RBL Bank Software Engineer Salary

0 - 4 years exp. (27 salaries)

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₹4.5 L/yr - ₹13 L/yr

arrow icon 35% less
2 job openings
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JPMorgan Chase & Co. Software Engineer Salary

0 - 13 years exp. (422 salaries)

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₹11.5 L/yr - ₹35 L/yr

arrow icon 61% more
11 job openings
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Morgan Stanley Software Engineer Salary

1 - 6 years exp. (34 salaries)

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₹9.8 L/yr - ₹34.7 L/yr

arrow icon 35% more
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UBS Software Engineer Salary

1 - 6 years exp. (28 salaries)

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₹6.9 L/yr - ₹25 L/yr

arrow icon 10% more
2 job openings
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Barclays Software Engineer Salary

0 - 5 years exp. (13 salaries)

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₹12 L/yr - ₹15 L/yr

arrow icon 5% less
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DCB Bank Software Engineer Salary

2 - 4 years exp. (6 salaries)

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₹4.5 L/yr - ₹6.7 L/yr

arrow icon 66% less
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₹10.1 L/yr - ₹15 L/yr

arrow icon 30% less
Software Engineer salary at Bank of America ranges between ₹6.8 Lakhs to ₹23.7 Lakhs per year for employees with experience between 1 year to 12 years. Salary estimates are based on 205 latest salaries received from various employees of Bank of America.

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

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Experience wise Bank of America Software Engineer salaries in Mumbai

Last Updated: 8 Mar 2025

Experience Avg Annual Salary
1 year  (22 salaries)

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₹6 L/yr - ₹12 L/yr
2 years  (55 salaries)

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₹5.6 L/yr - ₹14 L/yr
3 years  (44 salaries)

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₹5.6 L/yr - ₹19 L/yr
4 years  (11 salaries)

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₹6.8 L/yr - ₹19 L/yr
5 years  (18 salaries)

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₹6.8 L/yr - ₹21.3 L/yr
View all

Similar Designation salaries in Bank of America

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₹7.65 L/yr - ₹30.45 L/yr
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₹7.05 L/yr - ₹24.5 L/yr
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₹8 L/yr - ₹18 L/yr
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₹27 L/yr - ₹30 L/yr
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₹2.89 L/yr - ₹17.14 L/yr
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₹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
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Salary related reviews for Bank of America

3.8

Rated by 34 employees for salary & benefits

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

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

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

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

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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Bank of America Software Engineer Salary FAQs

What is the salary of Software Engineer at Bank of America Mumbai?
Software Engineer salary at Bank of America in Mumbai ranges between ₹6.8 Lakhs to ₹23.7 Lakhs for experience between 1 years to 12 years. According to our estimates it is 107% more than the average Software Engineer Salary in India. Salary estimates are based on 205 latest salaries received from various employees of Bank of America Mumbai.
How does the salary of a Software Engineer at Bank of America Mumbai compare with the average salary range for this job?
The average salary of a Software Engineer at Bank of America is 107% more than the average salary of a Software Engineer in Mumbai. To know exact salary insights, login to view.
What are the top skills required to work as a Software Engineer at Bank of America?
Risk Management, Asset Management, Agile, Coding and Application Development are some of the popular skills required to work as a Software Engineer at Bank of America Mumbai.
Which similar companies are paying more than Bank of America to a Software Engineer in Mumbai?
  • JPMorgan Chase & Co. Software Engineer Salary - ₹11.5 Lakhs to ₹35.0 Lakhs per year
  • Morgan Stanley Software Engineer Salary - ₹9.8 Lakhs to ₹34.7 Lakhs per year
  • UBS Software Engineer Salary - ₹6.9 Lakhs to ₹25.0 Lakhs per year
What is the salary of a Software Engineer in companies similar to Bank of America in Mumbai?
  • Barclays Software Engineer Salary - ₹12.0 Lakhs to ₹15.0 Lakhs per year
  • Kotak Mahindra Bank Software Engineer Salary - ₹6.0 Lakhs to ₹18.7 Lakhs per year
  • AU Small Finance Bank Software Engineer Salary - ₹10.1 Lakhs to ₹15.0 Lakhs per year
  • RBL Bank Software Engineer Salary - ₹4.5 Lakhs to ₹13.0 Lakhs per year
  • State Bank of India Software Engineer Salary - ₹6.0 Lakhs to ₹15.0 Lakhs per year
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 ranges between ₹1,07,913 per month to ₹1,10,890 per month in Mumbai. The take-home salary calculation is based on the average Bank of America Software Engineer salary in India which ranges between ₹6.8 Lakhs to ₹23.7 Lakhs per year for employees with experience between 1 years to 12 years. Check how did we calculate take home salary?
What is the notice period for Software Engineer at Bank of America in Mumbai?
According to AmbitionBox, 75% of the Bank of America Software Engineers in Mumbai reported a notice period of 2 Months, 10% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 159 responses on AmbitionBox in last 2 years.

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Bank of America Software Engineer salary in Mumbai ranges between ₹6.8 Lakhs to ₹23.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 205 Bank of America latest salaries received from various employees of Bank of America.