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HSBC Group Mainframe Developer salaries in India (Updated 2025)

Annual salary range
1 - 8 years exp.
₹3.8 Lakhs - ₹12 Lakhs
Salary of majority employees
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34% more than the average Mainframe Developer Salary in Financial Services Companies for 1 - 8 years of experience

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Salaries in different departments

Engineering - Software & QA
Mainframe Developer Salary
1 - 8 years exp. (13 salaries)
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₹5 L/yr - ₹12 L/yr

IT & Information Security
Mainframe Developer Salary
1 - 2 years exp. (AmbitionBox Estimate)
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₹5.8 L/yr - ₹10.4 L/yr

Last Updated: 14 Feb 2025

Companies similar to HSBC Group for Mainframe Developer

Company name Avg Annual Salary Open Jobs
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Standard Chartered Mainframe Developer Salary

9 - 13 years exp. (3 salaries)

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₹15 L/yr - ₹28 L/yr

arrow icon 122% more
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BNY Mainframe Developer Salary

0 - 8 years exp. (35 salaries)

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₹4.5 L/yr - ₹11.6 L/yr

arrow icon 16% more
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UBS Mainframe Developer Salary

6 - 10 years exp. (9 salaries)

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₹9 L/yr - ₹25 L/yr

arrow icon 107% more
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₹6 L/yr - ₹25 L/yr

arrow icon 59% more
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Citicorp Mainframe Developer Salary

5 - 11 years exp. (6 salaries)

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₹15.8 L/yr - ₹27 L/yr

arrow icon 113% more
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Wells Fargo Mainframe Developer Salary

4 - 10 years exp. (5 salaries)

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₹5.5 L/yr - ₹20 L/yr

arrow icon 25% more
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Morgan Stanley Mainframe Developer Salary

4 - 8 years exp. (4 salaries)

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₹6.4 L/yr - ₹20 L/yr

arrow icon 55% more
Mainframe Developer salary at HSBC Group ranges between ₹3.8 Lakhs to ₹12 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 15 latest salaries received from various employees of HSBC Group.

Latest annual salaries shared by HSBC Group Mainframe Developer

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Experience wise HSBC Group Mainframe Developer salaries

Last Updated: 14 Feb 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹5.8 L/yr - ₹12.5 L/yr
2 years  (4 salaries)

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₹3.2 L/yr - ₹13.6 L/yr
3 years  (5 salaries)

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₹7 L/yr - ₹10 L/yr
4 years (AmbitionBox Estimate)

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₹7.8 L/yr - ₹10 L/yr
5 years (AmbitionBox Estimate)

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₹8 L/yr - ₹9.5 L/yr
View all

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Web Developer Salary
(AmbitionBox Estimate)
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₹3.6 L/yr - ₹4.6 L/yr
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₹5.5 L/yr - ₹6.6 L/yr
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₹6.5 L/yr - ₹23.5 L/yr
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₹9.05 L/yr - ₹22.75 L/yr
Software Engineer Salary
(1.4k salaries)
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₹5 L/yr - ₹14.07 L/yr
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₹5 L/yr - ₹27 L/yr
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₹7.75 L/yr - ₹24 L/yr

Salary related reviews for HSBC Group

3.0

Rated by 1 employees for salary & benefits

Full Time

 · 

Risk Management & Compliance Department

5.0
  •  posted on 20 Oct 2023

3.0
 for  Salary and Benefits

Likes

I am impressed with my workplace which is mostly work from home. The atmosphere here is incredible supportive, fostering both personal and professional growth. The team is also like a family and make each day enjoyable.

read more
  • Skill development - Good
  • +5 more

Dislikes

In the like comment, I have mentioned that its Hybrid or majority work from home, the salary structure is kind of average. In the beginning we used to claim our internet bills. However, they removed the internet bill reimbursement policy recently. Hope we wish to get it back so that I could give 5 star for salary and benefits next time. Some people would laugh at this dislike but many would know.

read more

Full Time

 · 

Engineering - Software & QA Department

3.0
  •  posted on 11 Feb 2022

1.0
 for  Salary and Benefits

Likes

Work culture varies from team to team. HSBC is a bureaucratic mess. The management is clueless about what is happening and just throws around the latest buzzwords like a parrot There is a lot of scope to develop your skills and learn as there is no one here who knows anything and you yourself have to take up the initiative to do things

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  • Skill development - Good
  • +2 more

Dislikes

Compensation is poor There are no procedures in place to accomplish things but their feature list is too long, expectations are high and timelines are too tight

read more
  • Salary - Bad
  • +2 more

Engineering - Software & QA Department

3.0
  •  posted on 21 May 2022

2.0
 for  Salary and Benefits

Likes

Good Work Life balance Excellent paid leaves - 34 leaves + 10 sick leaves per year Good team collaboration Medical insurance covered Transport facility only for the localites

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  • Skill development - Excellent
  • +3 more

Dislikes

Highly structural and follow standards Pay hikes to be improved - very low compared to the market Struggle to get recognized over the departments - heavy politics No extra amenities provided

read more
  • Salary - Poor
  • +1 more

Engineering - Software & QA Department

3.0
  •  posted on 04 Mar 2022

5.0
 for  Salary and Benefits

Likes

...k Life Balance. Company policies are also good, appraisals are fair and decent. They also give bonus every year.

read more
  • Salary - Excellent
  • +3 more

Dislikes

As I was working in IT department of bank, the career growth is slow as IT is secondary to them. They are using lot of legacy technology and no one bother to adapt new. Job security is also not there at senior level and you could see pink slip if your role is redundant.

read more
  • Skill development - Poor

Engineering - Software & QA Department

2.0
  •  posted on 03 May 2021

2.0
 for  Salary and Benefits

Likes

The only thing that kept me going was job security. The work culture wasn't really good.

Dislikes

...ement sweet talks you every time you discuss an issue and it rarely gets solved. Salary was good but the yearly bonus/raise was meagre. Not much flexibility with the holiday plan, a lot of it depends on the team also, but overall work culture wasn't a good experience. If you value work satisfaction, welcoming culture, work life balance over salary then this place is not for you.

read more
  • Salary - Poor
  • +5 more
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HSBC Group Mainframe Developer Salary FAQs

What is the salary of Mainframe Developer at HSBC Group ?
The average salary of a Mainframe Developer at HSBC Group in India typically ranges from ₹3.8 Lakhs to ₹12.0 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Mainframe Developer at HSBC Group earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Mainframe Developer Salaries at HSBC Group 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 10+ HSBC Group employees in India.
What is the estimated take home salary of a Mainframe Developer at HSBC Group in India?
The estimated take-home salary of a Mainframe Developer at HSBC Group in India typically ranges from ₹65,578 to ₹67,252 per month. This is based on the average salary range of ₹3.8 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from 1 year 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 10+ salaries received from various employees of HSBC Group. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than HSBC Group for Mainframe Developer in India?
Standard Chartered ₹15.0 Lakhs to ₹28.0 Lakhs per year
Citicorp ₹15.8 Lakhs to ₹27.0 Lakhs per year
UBS ₹9.0 Lakhs to ₹25.0 Lakhs per year
JPMorgan Chase & Co. ₹6.0 Lakhs to ₹25.0 Lakhs per year
Morgan Stanley ₹6.4 Lakhs to ₹20.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by HSBC Group, depending on the role and experience level.
What is the salary of a Mainframe Developer in companies similar to HSBC Group in India?
The salary of a Mainframe Developer at companies similar to HSBC Group in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Wells Fargo ₹5.5 Lakhs to ₹20.0 Lakhs per year
BNY ₹4.5 Lakhs to ₹11.6 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 Mainframe Developer at HSBC Group in India?
The salary growth for a Mainframe Developer at HSBC Group depends on factors such as experience, performance, and promotions. On average, a Mainframe Developer can expect the following growth trajectory at HSBC Group:

Experience Average Salary Range
1 year ₹5.8 Lakhs to ₹12.5 Lakhs per year
2 years ₹3.2 Lakhs to ₹13.6 Lakhs per year
3 years ₹7.0 Lakhs to ₹10.0 Lakhs per year
4 years ₹7.8 Lakhs to ₹10.0 Lakhs per year
and so on.

Tell us how to improve this page.

HSBC Group Mainframe Developer salary in India ranges between ₹3.8 Lakhs to ₹12 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 15 HSBC Group latest salaries received from various employees of HSBC Group.