Bank of America Vice President IT Salaries by 7 Employees

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
Deutsche Bank Vice President IT Salary 13 - 23 years exp. (21 salaries)	₹41.4 L/yr - ₹94 L/yr 19% more
Barclays Vice President IT Salary 15 - 22 years exp. (19 salaries)	₹37.8 L/yr - ₹60 L/yr 14% more
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IDFC FIRST Bank Vice President IT Salary 14 - 20 years exp. (16 salaries)	₹25 L/yr - ₹93.3 L/yr 30% more
HDFC Bank Vice President IT Salary 17 - 24 years exp. (15 salaries)	₹45 L/yr - ₹71 L/yr 9% more
Yes Bank Vice President IT Salary 10 - 19 years exp. (14 salaries)	₹19 L/yr - ₹31 L/yr 43% less
NatWest Group Vice President IT Salary 12 - 22 years exp. (14 salaries)	₹23.3 L/yr - ₹47.5 L/yr 19% less
Standard Chartered Vice President IT Salary 15 - 30 years exp. (10 salaries)	₹33 L/yr - ₹80 L/yr 13% 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)	₹40.8 L/yr - ₹49 L/yr 8% less
AU Small Finance Bank Vice President IT Salary 16 - 25 years exp. (4 salaries)	₹44 L/yr - ₹55 L/yr 2% more
Jana Small Finance Bank Vice President IT Salary 18 - 20 years exp. (3 salaries)	₹27 L/yr - ₹42.1 L/yr 30% less
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NatWest Markets Vice President IT Salary 11 - 14 years exp. (3 salaries)	₹33.1 L/yr - ₹41.1 L/yr 23% 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

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

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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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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 Vice President IT Salary FAQs

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

The average salary of a Vice President IT at Bank of America in India typically ranges from ₹42.0 Lakhs to ₹50.0 Lakhs per year, depending on experience (from 17 years to 21 years).

The top 10% of Vice President IT at Bank of America earn more than ₹50.0 Lakhs per year, and the top 1% earn over ₹50.0 Lakhs per year. Vice President IT 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 7 Bank of America employees in India.

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 in India typically ranges from ₹2,72,106 to ₹2,83,272 per month. This is based on the average salary range of ₹42.0 Lakhs to ₹50.0 Lakhs per year for employees with experience ranging from 17 years to 21 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 7 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 Vice President IT in India?

IDFC FIRST Bank	₹25.0 Lakhs to ₹93.3 Lakhs per year
Deutsche Bank	₹41.4 Lakhs to ₹94.0 Lakhs per year
Barclays	₹37.8 Lakhs to ₹60.0 Lakhs per year
Standard Chartered	₹33.0 Lakhs to ₹80.0 Lakhs per year
HDFC Bank	₹45.0 Lakhs to ₹71.0 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 Vice President IT in companies similar to Bank of America in India?

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

AU Small Finance Bank	₹44.0 Lakhs to ₹55.0 Lakhs per year
RBL Bank	₹40.8 Lakhs to ₹49.0 Lakhs per year
NatWest Group	₹23.3 Lakhs to ₹47.5 Lakhs per year
NatWest Markets	₹33.1 Lakhs to ₹41.1 Lakhs per year
Equitas Small Finance Bank	₹28.0 Lakhs to ₹43.0 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 Vice President IT at Bank of America in India?

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

Experience	Average Salary Range
15 years	₹42.0 Lakhs to ₹50.0 Lakhs per year

and so on.

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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.