Bank of America Softwaretest Engineer Salaries by 30+ Employees (Updated 2025)

0 - 8 years exp.

₹6.5 Lakhs - ₹22 Lakhs

Salary of majority employees

129% more than the average Softwaretest Engineer Salary in Banking Companies for 0 - 8 years of experience

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Last Updated: 7 Mar 2025

Companies similar to Bank of America for Softwaretest Engineer

Company name	Avg Annual Salary	Open Jobs
Barclays Softwaretest Engineer Salary 1 - 6 years exp. (76 salaries)	₹2.6 L/yr - ₹11.3 L/yr 49% less
HDFC Bank Softwaretest Engineer Salary 1 - 5 years exp. (34 salaries)	₹3 L/yr - ₹9 L/yr 55% less
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Standard Chartered Softwaretest Engineer Salary 2 - 7 years exp. (32 salaries)	₹4.2 L/yr - ₹11.8 L/yr 39% less
NatWest Group Softwaretest Engineer Salary 0 - 8 years exp. (28 salaries)	₹7.8 L/yr - ₹25 L/yr 17% more
IDFC FIRST Bank Softwaretest Engineer Salary 1 - 4 years exp. (22 salaries)	₹2.9 L/yr - ₹7 L/yr 64% less
ICICI Bank Softwaretest Engineer Salary 1 - 7 years exp. (20 salaries)	₹2 L/yr - ₹8 L/yr 62% less
Yes Bank Softwaretest Engineer Salary 1 - 6 years exp. (15 salaries)	₹2.5 L/yr - ₹9 L/yr 59% less
RBL Bank Softwaretest Engineer Salary 1 - 6 years exp. (10 salaries)	₹1.5 L/yr - ₹9 L/yr 54% less
IndusInd Bank Softwaretest Engineer Salary 2 - 8 years exp. (8 salaries)	₹4 L/yr - ₹14.7 L/yr 37% less
AU Small Finance Bank Softwaretest Engineer Salary 1 - 4 years exp. (7 salaries)	₹4.1 L/yr - ₹9 L/yr 43% less
Ujjivan Small Finance Bank Softwaretest Engineer Salary 3 - 7 years exp. (5 salaries)	₹6.7 L/yr - ₹9 L/yr 45% less
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Deutsche Bank Softwaretest Engineer Salary 5 - 10 years exp. (5 salaries)	₹10 L/yr - ₹40.4 L/yr 75% more
DBS Technology Services Softwaretest Engineer Salary 2 - 6 years exp. (4 salaries)	₹4.6 L/yr - ₹12.3 L/yr 49% less
DCB Bank Softwaretest Engineer Salary 3 - 7 years exp. (4 salaries)	₹4.8 L/yr - ₹6 L/yr 60% less
ANZ Banking Group Softwaretest Engineer Salary 3 - 7 years exp. (4 salaries)	₹5 L/yr - ₹19 L/yr 11% less
HSBC Bank Softwaretest Engineer Salary 1 - 5 years exp. (4 salaries)	₹4.8 L/yr - ₹10 L/yr 48% less
State Bank of India Softwaretest Engineer Salary 3 - 5 years exp. (3 salaries)	₹3.7 L/yr - ₹7 L/yr 59% less
HSBC Electronic Data Processing Softwaretest Engineer Salary 2 - 6 years exp. (3 salaries)	₹4.5 L/yr - ₹7.6 L/yr 55% less
NatWest Markets Softwaretest Engineer Salary 0 - 6 years exp. (3 salaries)	₹6 L/yr - ₹15 L/yr 18% less

Softwaretest Engineer salary at Bank of America ranges between ₹6.5 Lakhs to ₹22 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 32 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Softwaretest Engineer salaries

Last Updated: 7 Mar 2025

Experience	Avg Annual Salary
Fresher (3 salaries)	₹6.5 L/yr - ₹9.2 L/yr
1 year (AmbitionBox Estimate)	₹8.1 L/yr - ₹10.3 L/yr
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2 years (AmbitionBox Estimate)	₹7.3 L/yr - ₹12 L/yr
3 years (4 salaries)	₹8 L/yr - ₹21.1 L/yr
4 years (7 salaries)	₹5.8 L/yr - ₹18 L/yr
5 years (7 salaries)	₹9 L/yr - ₹25.3 L/yr
6 years (AmbitionBox Estimate)	₹6.3 L/yr - ₹18 L/yr
7 years (3 salaries)	₹14.7 L/yr - ₹23.5 L/yr
8 years (5 salaries)	₹11.4 L/yr - ₹30 L/yr

View all

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Salary related reviews for Bank of America

4.7

Rated by 4 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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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 Softwaretest Engineer Salary FAQs

What is the salary of Softwaretest Engineer at Bank of America ?

The average salary of a Softwaretest Engineer at Bank of America in India typically ranges from ₹6.5 Lakhs to ₹22.0 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Softwaretest Engineer at Bank of America earn more than ₹24.0 Lakhs per year, and the top 1% earn over ₹30.0 Lakhs per year. Softwaretest 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 30+ Bank of America employees in India.

What is the estimated take home salary of a Softwaretest Engineer at Bank of America in India?

The estimated take-home salary of a Softwaretest Engineer at Bank of America in India typically ranges from ₹92,337 to ₹94,811 per month. This is based on the average salary range of ₹6.5 Lakhs to ₹22.0 Lakhs per year for employees with experience ranging from Fresher to 8 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 30+ salaries received from various employees of Bank of America. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than Bank of America for Softwaretest Engineer in India?

Deutsche Bank	₹10.0 Lakhs to ₹40.4 Lakhs per year
NatWest Group	₹7.8 Lakhs to ₹25.0 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 Softwaretest Engineer in companies similar to Bank of America in India?

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

ANZ Banking Group	₹5.0 Lakhs to ₹19.0 Lakhs per year
NatWest Markets	₹6.0 Lakhs to ₹15.0 Lakhs per year
IndusInd Bank	₹4.0 Lakhs to ₹14.7 Lakhs per year
Standard Chartered	₹4.2 Lakhs to ₹11.8 Lakhs per year
AU Small Finance Bank	₹4.1 Lakhs to ₹9.0 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 Softwaretest Engineer at Bank of America in India?

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

Experience	Average Salary Range
Fresher	₹6.5 Lakhs to ₹9.2 Lakhs per year
1 year	₹8.1 Lakhs to ₹10.3 Lakhs per year
2 years	₹7.3 Lakhs to ₹12.0 Lakhs per year
3 years	₹8.0 Lakhs to ₹21.1 Lakhs per year

and so on.

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Bank of America Softwaretest Engineer Salaries

Bank of America Softwaretest Engineer salary in India ranges between ₹6.5 Lakhs to ₹22 Lakhs with an average annual salary of ₹. Salary estimates are based on 32 Bank of America latest salaries received from various employees of Bank of America.