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HSBC Group

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4.0

based on 4.5k Reviews

Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards

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HSBC Group Mainframe Developer salaries in India

Annual salary range
1 - 8 years exp.
₹4.7 Lakhs - ₹12 Lakhs
Salary of majority employees
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45% 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. (11 salaries)
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₹4.6 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 - ₹12 L/yr

Last Updated: 18 Nov 2024

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 106% more
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BNY Mainframe Developer Salary

0 - 6 years exp. (37 salaries)

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₹4.2 L/yr - ₹11.6 L/yr

arrow icon 2% less
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Credit Suisse Mainframe Developer Salary

3 - 9 years exp. (7 salaries)

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₹17 L/yr - ₹25 L/yr

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₹10.4 L/yr - ₹27 L/yr

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UBS Mainframe Developer Salary

4 - 11 years exp. (5 salaries)

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₹5.3 L/yr - ₹14 L/yr

arrow icon 12% 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 16% more
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Citicorp Mainframe Developer Salary

4 - 10 years exp. (5 salaries)

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₹15 L/yr - ₹20 L/yr

arrow icon 73% 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 49% more
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BNP Paribas Mainframe Developer Salary

2 - 4 years exp. (4 salaries)

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₹7.3 L/yr - ₹8.5 L/yr

arrow icon 17% less
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Citigroup Mainframe Developer Salary

5 - 7 years exp. (4 salaries)

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₹15.8 L/yr - ₹23.1 L/yr

arrow icon 111% more
Mainframe Developer salary at HSBC Group ranges between ₹4.7 Lakhs to ₹12 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 14 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: 18 Nov 2024

Experience Avg Annual Salary
1 year  (3 salaries)

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₹3.5 L/yr - ₹12.1 L/yr
2 years  (4 salaries)

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₹3.2 L/yr - ₹13.7 L/yr
3 years  (3 salaries)

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₹3.4 L/yr - ₹10 L/yr
4 years (AmbitionBox Estimate)

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₹8.4 L/yr - ₹10.8 L/yr
5 years (AmbitionBox Estimate)

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₹8 L/yr - ₹18.4 L/yr
View all

Similar Designation salaries in HSBC Group

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₹4.5 L/yr - ₹12.1 L/yr
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₹4.3 L/yr - ₹14 L/yr
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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₹7 L/yr - ₹24 L/yr
Software Engineer Salary
(1.3k salaries)
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₹4.8 L/yr - ₹15 L/yr
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₹5 L/yr - ₹27 L/yr
Senior Engineer Salary
(20 salaries)
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₹6.2 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

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.

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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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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

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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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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

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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.

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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.

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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
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HSBC Group Mainframe Developer Salary FAQs

What is the salary of Mainframe Developer at HSBC Group?
Mainframe Developer salary at HSBC Group in India ranges between ₹4.7 Lakhs to ₹12.0 Lakhs for experience between 1 years to 8 years. According to our estimates it is 45% more than the average Mainframe Developer Salary in India. Salary estimates are based on 14 latest salaries received from various employees of HSBC Group India.
How does the salary of a Mainframe Developer at HSBC Group India compare with the average salary range for this job?
The average salary of a Mainframe Developer at HSBC Group is 45% more than the average salary of a Mainframe Developer in India. To know exact salary insights, login to view.
Which similar companies are paying more than HSBC Group to a Mainframe Developer in India?
  • Citigroup Mainframe Developer Salary - ₹15.8 Lakhs to ₹23.1 Lakhs per year
  • Standard Chartered Mainframe Developer Salary - ₹15.0 Lakhs to ₹28.0 Lakhs per year
  • Credit Suisse Mainframe Developer Salary - ₹17.0 Lakhs to ₹25.0 Lakhs per year
  • Citicorp Mainframe Developer Salary - ₹15.0 Lakhs to ₹20.0 Lakhs per year
  • JPMorgan Chase & Co. Mainframe Developer Salary - ₹10.4 Lakhs to ₹27.0 Lakhs per year
What is the salary of a Mainframe Developer in companies similar to HSBC Group in India?
  • Morgan Stanley Mainframe Developer Salary - ₹6.4 Lakhs to ₹20.0 Lakhs per year
  • Wells Fargo Mainframe Developer Salary - ₹5.5 Lakhs to ₹20.0 Lakhs per year
  • UBS Mainframe Developer Salary - ₹5.3 Lakhs to ₹14.0 Lakhs per year
  • BNY Mainframe Developer Salary - ₹4.2 Lakhs to ₹11.6 Lakhs per year
  • BNP Paribas Mainframe Developer Salary - ₹7.3 Lakhs to ₹8.5 Lakhs per year
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 ranges between ₹70,120 per month to ₹71,923 per month in India. The take-home salary calculation is based on the average HSBC Group Mainframe Developer salary in India which ranges between ₹4.7 Lakhs to ₹12.0 Lakhs per year for employees with experience between 1 years to 8 years. Check how did we calculate take home salary?
What is the notice period for Mainframe Developer at HSBC Group?
According to AmbitionBox, 40% of the HSBC Group Mainframe Developers reported a notice period of 1 Month, 40% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 10 responses on AmbitionBox in last 2 years.

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HSBC Group Mainframe Developer salary in India ranges between ₹4.7 Lakhs to ₹12 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 14 HSBC Group latest salaries received from various employees of HSBC Group.