Bank of America Vice President IT Salaries by 7 Employees (Updated 2024)

17 - 21 years exp.

₹42 Lakhs - ₹50 Lakhs

Low Confidence

Salary of majority employees

8% less than the average Vice President IT Salary in Banking Companies for 17 - 21 years of experience

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Salaries in different departments

Project & Program Management Vice President IT Salary 20 - 21 years exp. (3 salaries)	₹45 L/yr - ₹50 L/yr
IT & Information Security Vice President IT Salary 17 - 18 years exp. (AmbitionBox Estimate)	₹42 L/yr - ₹46.7 L/yr
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Strategic & Top Management Vice President IT Salary 17 - 18 years exp. (AmbitionBox Estimate)	₹45.9 L/yr - ₹50 L/yr

Last Updated: 15 Jun 2024

Companies similar to Bank of America for Vice President IT

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Vice President IT Salary 11 - 20 years exp. (101 salaries)	₹30 L/yr - ₹67.4 L/yr 2% more
Wells Fargo Vice President IT Salary 12 - 21 years exp. (24 salaries)	₹31 L/yr - ₹70 L/yr 11% more
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Citigroup Vice President IT Salary 11 - 20 years exp. (8 salaries)	₹35 L/yr - ₹45 L/yr 14% less
Goldman Sachs Vice President IT Salary 7 - 19 years exp. (9 salaries)	₹35.5 L/yr - ₹59.7 L/yr 20% more
Morgan Stanley Vice President IT Salary 10 - 19 years exp. (38 salaries)	₹30 L/yr - ₹80 L/yr 10% more
HSBC Group Vice President IT Salary 15 - 18 years exp. (4 salaries)	₹19 L/yr - ₹44 L/yr 35% less
Deutsche Bank Vice President IT Salary 13 - 23 years exp. (22 salaries)	₹41.4 L/yr - ₹94 L/yr 26% more
Barclays Vice President IT Salary 15 - 22 years exp. (18 salaries)	₹40 L/yr - ₹60 L/yr 19% more
Yes Bank Vice President IT Salary 10 - 19 years exp. (14 salaries)	₹19 L/yr - ₹31 L/yr 43% less
HDFC Bank Vice President IT Salary 17 - 24 years exp. (14 salaries)	₹41 L/yr - ₹66 L/yr 6% more
IDFC FIRST Bank Vice President IT Salary 14 - 20 years exp. (14 salaries)	₹25 L/yr - ₹93.3 L/yr 32% more
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NatWest Group Vice President IT Salary 11 - 20 years exp. (12 salaries)	₹23.3 L/yr - ₹47.5 L/yr 21% less
Standard Chartered Vice President IT Salary 15 - 30 years exp. (8 salaries)	₹33 L/yr - ₹85.9 L/yr 12% more
AU Small Finance Bank Vice President IT Salary 16 - 25 years exp. (7 salaries)	₹44 L/yr - ₹55 L/yr 1% more
Equitas Small Finance Bank Vice President IT Salary 18 - 22 years exp. (5 salaries)	₹28 L/yr - ₹43 L/yr 27% less
RBL Bank Vice President IT Salary 19 - 24 years exp. (4 salaries)	₹41.2 L/yr - ₹49 L/yr 7% less
Jana Small Finance Bank Vice President IT Salary 18 - 20 years exp. (3 salaries)	₹27 L/yr - ₹42.1 L/yr 30% less

Vice President IT salary at Bank of America ranges between ₹42 Lakhs to ₹50 Lakhs per year for employees with experience between 17 years to 21 years. Salary estimates are based on 7 latest salaries received from various employees of Bank of America.

Experience wise Bank of America Vice President IT salaries

Last Updated: 15 Jun 2024

Experience	Avg Annual Salary
15+ years (7 salaries)	₹42 L/yr - ₹50 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

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.

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

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.

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

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

Dislikes

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

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.

Dislikes

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

see more salary related reviews

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What people are saying about Bank of America

View All

cleanhakuna

6d (edited)

student at

Institute of Management Nirma University, Ahmedabad

Career advise for early years

Hi folks!! Want one advise for my early years in corporate. I am 23 yrs old and I am working in BofA for couple of years now and this is my first job. I have deep interest and skills to excel in core finance role (investment management) but the role at BofA is completely unrelated to it. To prove my metal, I have cleared CFA level 1&2 in my first attempt with top percentile (+MBA) but kind of stuck for right opportunity. Can anyone advise how should I approach to making a shift to my desired work (asset mgt)?

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Bank of America Vice President IT Salary FAQs

What is the salary of Vice President IT at Bank of America?

Vice President IT salary at Bank of America in India ranges between ₹42.0 Lakhs to ₹50.0 Lakhs for experience between 17 years to 21 years. According to our estimates it is 8% less than the average Vice President IT Salary in India. Salary estimates are based on 7 latest salaries received from various employees of Bank of America India.

How does the salary of a Vice President IT at Bank of America India compare with the average salary range for this job?

The average salary of a Vice President IT at Bank of America is 8% less than the average salary of a Vice President IT in India. To know exact salary insights, login to view.

Which similar companies are paying more than Bank of America to a Vice President IT in India?

IDFC FIRST Bank Vice President IT Salary - ₹25.0 Lakhs to ₹93.3 Lakhs per year
Deutsche Bank Vice President IT Salary - ₹41.4 Lakhs to ₹94.0 Lakhs per year
Goldman Sachs Vice President IT Salary - ₹35.5 Lakhs to ₹59.7 Lakhs per year
Barclays Vice President IT Salary - ₹40.0 Lakhs to ₹60.0 Lakhs per year
Standard Chartered Vice President IT Salary - ₹33.0 Lakhs to ₹85.9 Lakhs per year

What is the salary of a Vice President IT in companies similar to Bank of America in India?

Wells Fargo Vice President IT Salary - ₹31.0 Lakhs to ₹70.0 Lakhs per year
Morgan Stanley Vice President IT Salary - ₹30.0 Lakhs to ₹80.0 Lakhs per year
HDFC Bank Vice President IT Salary - ₹41.0 Lakhs to ₹66.0 Lakhs per year
JPMorgan Chase & Co. Vice President IT Salary - ₹30.0 Lakhs to ₹67.4 Lakhs per year
AU Small Finance Bank Vice President IT Salary - ₹44.0 Lakhs to ₹55.0 Lakhs per year

What is the estimated take home salary of a Vice President IT at Bank of America in India?

The estimated take-home salary of a Vice President IT at Bank of America ranges between ₹2,72,106 per month to ₹2,83,272 per month in India. The take-home salary calculation is based on the average Bank of America Vice President IT salary in India which ranges between ₹42.0 Lakhs to ₹50.0 Lakhs per year for employees with experience between 17 years to 21 years. Check how did we calculate take home salary?

What is the notice period for Vice President IT at Bank of America?

According to AmbitionBox, 38% of the Bank of America Vice President ITs reported a notice period of 1 Month, 37% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 8 responses on AmbitionBox in last 2 years.

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Bank of America Vice President IT Salaries

Bank of America Vice President IT salary in India ranges between ₹42 Lakhs to ₹50 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 Bank of America latest salaries received from various employees of Bank of America.