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Bank of America

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4.2

based on 3.2k Reviews

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Bank of America Softwaretest Engineer salaries in Mumbai

Annual salary range
3 - 5 years exp.
₹5 Lakhs - ₹16.5 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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93% more than the average Softwaretest Engineer Salary in Banking Companies for 3 - 5 years of experience

Interested in this particular role?

Last Updated: 21 Jul 2024

Companies similar to Bank of America for Softwaretest Engineer in Mumbai

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Bank of America Softwaretest Engineer Salary

3 - 5 years exp. (5 salaries)
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₹5 L/yr - ₹16.5 L/yr

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

1 - 6 years exp. (16 salaries)
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₹4.2 L/yr - ₹9 L/yr

arrow icon 42% less
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IDFC FIRST Bank Softwaretest Engineer Salary

1 - 4 years exp. (13 salaries)
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₹2.9 L/yr - ₹7 L/yr

arrow icon 59% less
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RBL Bank Softwaretest Engineer Salary

1 - 6 years exp. (10 salaries)
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₹1.5 L/yr - ₹9 L/yr

arrow icon 47% less
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Barclays Softwaretest Engineer Salary

1 - 5 years exp. (7 salaries)
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₹4.2 L/yr - ₹6.5 L/yr

arrow icon 47% less
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Yes Bank Softwaretest Engineer Salary

2 - 4 years exp. (3 salaries)
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₹3.5 L/yr - ₹7.1 L/yr

arrow icon 56% less
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ICICI Bank Softwaretest Engineer Salary

1 - 4 years exp. (3 salaries)
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₹4.3 L/yr - ₹5.7 L/yr

arrow icon 55% less
Softwaretest Engineer salary at Bank of America ranges between ₹5 Lakhs to ₹16.5 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 5 latest salaries received from various employees of Bank of America.

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

8mo ago
₹10.5 Lakhs
3 years exp.

Experience wise Bank of America Softwaretest Engineer salaries in Mumbai

Last Updated: 21 Jul 2024

Experience Avg Annual Salary
3 years (AmbitionBox Estimate)

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₹9.1 L/yr - ₹11.6 L/yr
4 years (AmbitionBox Estimate)

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₹10.6 L/yr - ₹13.5 L/yr
5 years (AmbitionBox Estimate)

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₹12.1 L/yr - ₹15.4 L/yr

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Salary related reviews for Bank of America

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

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.

read more
  • 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

read more
  • 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.

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 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

read more
  • 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.

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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Salary Discussions, Hike & Promotions
2w (edited)
peacemaker
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·
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 Softwaretest Engineer Salary FAQs

What is the salary of Softwaretest Engineer at Bank of America in Mumbai?
The average salary of a Softwaretest Engineer at Bank of America in Mumbai typically ranges from ₹5.0 Lakhs to ₹16.5 Lakhs per year, depending on experience (from 3 years to 5 years).

The top 10% of Softwaretest Engineer in Mumbai at Bank of America earn more than ₹16.5 Lakhs per year, and the top 1% earn over ₹16.5 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 5 Bank of America employees in India.
What is the estimated take home salary of a Softwaretest Engineer at Bank of America in Mumbai?
The estimated take-home salary of a Softwaretest Engineer at Bank of America in Mumbai typically ranges from ₹83,634 to ₹85,819 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹16.5 Lakhs per year for employees with experience ranging from 3 years to 5 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 5 salaries received from various employees of Bank of America. Check how we calculate in-hand salary with our in-hand salary calculator.
What is the salary of a Softwaretest Engineer in companies similar to Bank of America in Mumbai?
The salary of a Softwaretest 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:

HDFC Bank ₹4.2 Lakhs to ₹9.0 Lakhs per year
Barclays ₹4.2 Lakhs to ₹6.5 Lakhs per year
RBL Bank ₹1.5 Lakhs to ₹9.0 Lakhs per year
ICICI Bank ₹4.3 Lakhs to ₹5.7 Lakhs per year
Yes Bank ₹3.5 Lakhs to ₹7.1 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 Mumbai?
The salary growth for a Softwaretest Engineer at Bank of America in Mumbai depends on factors such as experience, performance, and promotions. On average, a Softwaretest Engineer in Mumbai can expect the following growth trajectory at Bank of America:

Experience Average Salary Range
3 years ₹9.1 Lakhs to ₹11.6 Lakhs per year
4 years ₹10.6 Lakhs to ₹13.5 Lakhs per year
5 years ₹12.1 Lakhs to ₹15.4 Lakhs per year
and so on.

Tell us how to improve this page.

Bank of America Softwaretest Engineer salary in Mumbai ranges between ₹5 Lakhs to ₹16.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 5 Bank of America latest salaries received from various employees of Bank of America.