Bank of America Mumbai Software Engineer2 Salaries by 70+ Employees (Updated 2025)

6 - 12 years exp.

₹11 Lakhs - ₹29.5 Lakhs

Salary of majority employees

12% more than the average Software Engineer2 Salary in Banking Companies for 6 - 12 years of experience

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Salaries in different departments

Engineering - Software & QA Software Engineer2 Salary 6 - 12 years exp. (55 salaries)	₹11 L/yr - ₹29.5 L/yr
Data Science & Analytics Software Engineer2 Salary 6 - 10 years exp. (6 salaries)	₹16.1 L/yr - ₹25.1 L/yr
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BFSI, Investments & Trading Software Engineer2 Salary 10 years exp. (AmbitionBox Estimate)	₹18.3 L/yr - ₹28.6 L/yr

Last Updated: 29 Jan 2025

Companies similar to Bank of America for Software Engineer2 in Mumbai

Bank of America Software Engineer2 Salary

6 - 12 years exp. (76 salaries)

₹11 L/yr - ₹29.5 L/yr

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Software Engineer2 Salary 2 - 10 years exp. (96 salaries)	₹16.5 L/yr - ₹33.6 L/yr 14% more
Morgan Stanley Software Engineer2 Salary 1 - 7 years exp. (6 salaries)	₹19.5 L/yr - ₹41 L/yr 23% more
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HERE Technologies Software Engineer2 Salary 1 - 6 years exp. (72 salaries)	₹8 L/yr - ₹22.4 L/yr 23% less
BA Continuum Software Engineer2 Salary 6 - 12 years exp. (22 salaries)	₹11.3 L/yr - ₹26.5 L/yr 7% less
MAQ Software Software Engineer2 Salary 2 - 4 years exp. (22 salaries)	₹9 L/yr - ₹16.5 L/yr 43% less

Software Engineer2 salary at Bank of America ranges between ₹11 Lakhs to ₹29.5 Lakhs per year for employees with experience between 6 years to 12 years. Salary estimates are based on 76 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Software Engineer2 salaries in Mumbai

Last Updated: 29 Jan 2025

Experience	Avg Annual Salary
6 years (20 salaries)	₹11 L/yr - ₹23.1 L/yr
7 years (21 salaries)	₹13.2 L/yr - ₹24.5 L/yr
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8 years (13 salaries)	₹15 L/yr - ₹27 L/yr
9 years (9 salaries)	₹16 L/yr - ₹26.5 L/yr
10 years (8 salaries)	₹19 L/yr - ₹29.5 L/yr
11 years (4 salaries)	₹18 L/yr - ₹24.7 L/yr
12 years (AmbitionBox Estimate)	₹22.1 L/yr - ₹44.6 L/yr

View all

Similar Designation salaries in Bank of America

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Software Engineer II Salary

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₹11.2 L/yr - ₹24.3 L/yr

Senior Systems Engineer Salary

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₹5.75 L/yr - ₹16.25 L/yr

Senior Programmer Analyst Salary

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₹14.4 L/yr - ₹26.5 L/yr

Software Engineer III Salary

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₹23 L/yr - ₹40.5 L/yr

Technical Lead Salary

(9 salaries)

₹23.1 L/yr - ₹40 L/yr

Top skills at Bank of America for Software Engineer2

Risk Management Asset Management Python Agile SDLC Coding Unix SQL Oracle Teradata Linux Application Development Talent Acquisition Automation Db2

Salary related reviews for Bank of America

3.7

Rated by 6 employees for salary & benefits

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.

Software Engineer II in Chennai

Engineering - Software & QA Department

4.0

• posted on 27 Jun 2022

3.0

for Salary and Benefits

Likes

You will get good benefits apart from your salary like Cab, Sodexho Card, Gym. There is no variable pay in BA.

Job security - Good

Dislikes

HR people are dummy in BA, If you will have good relationship with your manager or VP then you will get good appraisal or promotion. They are having escalation process but if you escalate something about your manager then it will first reach to your manager and they will corner you. There is no onsite opportunity in BA

Promotions - Bad

+1 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.

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 Systems Engineer in Hyderabad / Secunderabad

Engineering - Software & QA Department

3.0

• posted on 09 May 2022

1.0

for Salary and Benefits

Likes

...uld benefit low level employees all are tend to meant for management benefits. Company policies and pay never compete/normalise with outside market

Job security - Good

Dislikes

Everything except job security. Since we work for very low wage

Salary - Bad

+2 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.

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Salary Discussions, Hike & Promotions

fathersahaab

works at

AmbitionBox

New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Bank of America Software Engineer2 Salary FAQs

What is the salary of Software Engineer2 at Bank of America Mumbai?

Software Engineer2 salary at Bank of America in Mumbai ranges between ₹11.0 Lakhs to ₹29.5 Lakhs for experience between 6 years to 12 years. According to our estimates it is 12% more than the average Software Engineer2 Salary in India. Salary estimates are based on 76 latest salaries received from various employees of Bank of America Mumbai.

How does the salary of a Software Engineer2 at Bank of America Mumbai compare with the average salary range for this job?

The average salary of a Software Engineer2 at Bank of America is 12% more than the average salary of a Software Engineer2 in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Software Engineer2 at Bank of America?

Risk Management, Asset Management, Python, Agile and SDLC are some of the popular skills required to work as a Software Engineer2 at Bank of America Mumbai.

Which similar companies are paying more than Bank of America to a Software Engineer2 in Mumbai?

Morgan Stanley Software Engineer2 Salary - ₹19.5 Lakhs to ₹41.0 Lakhs per year
JPMorgan Chase & Co. Software Engineer2 Salary - ₹16.5 Lakhs to ₹33.6 Lakhs per year

What is the salary of a Software Engineer2 in companies similar to Bank of America in Mumbai?

BA Continuum Software Engineer2 Salary - ₹11.3 Lakhs to ₹26.5 Lakhs per year
HERE Technologies Software Engineer2 Salary - ₹8.0 Lakhs to ₹22.4 Lakhs per year
MAQ Software Software Engineer2 Salary - ₹9.0 Lakhs to ₹16.5 Lakhs per year

What is the estimated take home salary of a Software Engineer2 at Bank of America in Mumbai?

The estimated take-home salary of a Software Engineer2 at Bank of America ranges between ₹1,40,237 per month to ₹1,45,442 per month in Mumbai. The take-home salary calculation is based on the average Bank of America Software Engineer2 salary in India which ranges between ₹11.0 Lakhs to ₹29.5 Lakhs per year for employees with experience between 6 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Software Engineer2 at Bank of America in Mumbai?

According to AmbitionBox, 84% of the Bank of America Software Engineer2s in Mumbai reported a notice period of 2 Months, 9% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 57 responses on AmbitionBox in last 2 years.

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Bank of America Software Engineer2 Salaries in Mumbai

Bank of America Software Engineer2 salary in Mumbai ranges between ₹11 Lakhs to ₹29.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 76 Bank of America latest salaries received from various employees of Bank of America.

Bank of America Software Engineer2 salaries in Mumbai

Companies similar to Bank of America for Software Engineer2 in Mumbai

Latest annual salaries shared by Bank of America Software Engineer2 in Mumbai

Experience wise Bank of America Software Engineer2 salaries in Mumbai

Similar Designation salaries in Bank of America

Top skills at Bank of America for Software Engineer2

Salary related reviews for Bank of America

Senior Software Engineer in Mumbai

Software Engineer II in Chennai

Senior Software Engineer in Hyderabad / Secunderabad

Senior Systems Engineer in Hyderabad / Secunderabad

Senior Software Engineer in Hyderabad / Secunderabad

Bank of America Software Engineer2 Salary FAQs

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