HSBC Group Software Development Manager Salaries by 4 Employees

16 - 18 years exp.

₹27.4 Lakhs - ₹40 Lakhs

Low Confidence

Salary of majority employees

Fixed (100%)

₹34.9 Lakhs

Variable (0%)

₹0.0

20% less than the average Software Development Manager Salary in Financial Services Companies for 16 - 18 years of experience

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Salaries in different departments

Project & Program Management Software Development Manager Salary 16 - 18 years exp. (3 salaries)	₹30.5 L/yr - ₹40 L/yr
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Product Management Software Development Manager Salary 16 years exp. (AmbitionBox Estimate)	₹24.7 L/yr - ₹30.1 L/yr

Last Updated: 24 Aug 2023

Companies similar to HSBC Group for Software Development Manager

Company name	Avg Annual Salary	Open Jobs
Morgan Stanley Software Development Manager Salary 2 - 6 years exp. (5 salaries)	₹16.7 L/yr - ₹27.5 L/yr 40% less
Wells Fargo Software Development Manager Salary 15 - 19 years exp. (4 salaries)	₹45.1 L/yr - ₹69 L/yr 59% more
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JPMorgan Chase & Co. Software Development Manager Salary 9 - 19 years exp. (4 salaries)	₹32 L/yr - ₹55 L/yr 29% more
BNY Software Development Manager Salary 13 - 16 years exp. (3 salaries)	₹18.5 L/yr - ₹38.7 L/yr 26% less
Citicorp Software Development Manager Salary 10 - 13 years exp. (3 salaries)	₹18 L/yr - ₹34.9 L/yr 19% less

Software Development Manager salary at HSBC Group ranges between ₹27.4 Lakhs to ₹40 Lakhs per year for employees with experience between 16 years to 18 years. Salary estimates are based on 4 latest salaries received from various employees of HSBC Group.

Experience wise HSBC Group Software Development Manager salaries

Last Updated: 24 Aug 2023

Experience	Avg Annual Salary
15+ years (4 salaries)	₹27.4 L/yr - ₹40 L/yr
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Salary related reviews for HSBC Group

Assistant Vice President in Gurgaon / Gurugram

Full Time

Finance & Accounting Department

4.0

• posted on 26 Apr 2023

3.0

for Salary and Benefits

Likes

- Work Life balance is unmatched - Non monetary perks - Hybrid and Flexible working hours - Health policy for self and parents. For parents it's paid but premiums much lesser than in the market - Ample growth opportunities - Career progression is kind of automatic - Reputable designations are given

Skill development - Good

+5 more

Dislikes

- Salary hikes and monetary perks are on the lower side. As you spend more than 5-7 year's you kind of hit a wall - Lack of leadership roles

Assistant Vice President in Bangalore / Bengaluru

Full Time

Data Science & Analytics Department

4.0

• posted on 11 Apr 2023

3.0

for Salary and Benefits

Likes

Great learning opportunities at work. Good job satisfaction and opportunity to explore a lot of models for development and validation

Skill development - Good

+3 more

Dislikes

Poor hikes and appraisals. Pay not matched up to the market standards

Software Engineer in Pune

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

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

Salary - Bad

+2 more

Assistant Vice President in Bangalore / Bengaluru

Full Time

Data Science & Analytics Department

3.0

• posted on 20 Apr 2022

2.0

for Salary and Benefits

Likes

The company provides lots of avenues for training . Colleagues respect /support each other in work with good work life balance

Skill development - Good

+2 more

Dislikes

1. Compensation and benefits 2. Complex org structure 3. Could be more dynamic

Salary - Poor

+1 more

Senior Software Engineer in Hyderabad / Secunderabad

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

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

Salary - Poor

+1 more

see more salary related reviews

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What people are saying about HSBC Group

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an associate analyst

I got Selected for financial crime investigator in HSBC for Hydrabad location at 8LPA. For this I have to relocate from Kolkata. In my current company I got promoted and getting 5.5 LPA in Kolkata. My current company is very new and small company. I have an overall 1.5 years of experience.

Should I relocate to Hyderabad for HSBC?

Yes

5 participants . expiring in 2w

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HSBC Group Software Development Manager Salary FAQs

What is the salary of Software Development Manager at HSBC Group ?

The average salary of a Software Development Manager at HSBC Group in India typically ranges from ₹27.4 Lakhs to ₹40.0 Lakhs per year, depending on experience (from 16 years to 18 years).

The top 10% of Software Development Manager at HSBC Group earn more than ₹40.0 Lakhs per year, and the top 1% earn over ₹40.0 Lakhs per year. Software Development Manager 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 4 HSBC Group employees in India.

What is the estimated take home salary of a Software Development Manager at HSBC Group in India?

The estimated take-home salary of a Software Development Manager at HSBC Group in India typically ranges from ₹2,10,968 to ₹2,19,369 per month. This is based on the average salary range of ₹27.4 Lakhs to ₹40.0 Lakhs per year for employees with experience ranging from 16 years to 18 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 4 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 Software Development Manager in India?

Wells Fargo	₹45.1 Lakhs to ₹69.0 Lakhs per year
JPMorgan Chase & Co.	₹32.0 Lakhs to ₹55.0 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 Software Development Manager in companies similar to HSBC Group in India?

The salary of a Software Development Manager at companies similar to HSBC Group in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Citicorp	₹18.0 Lakhs to ₹34.9 Lakhs per year
BNY	₹18.5 Lakhs to ₹38.7 Lakhs per year
Morgan Stanley	₹16.7 Lakhs to ₹27.5 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 Software Development Manager at HSBC Group in India?

The salary growth for a Software Development Manager at HSBC Group depends on factors such as experience, performance, and promotions. On average, a Software Development Manager can expect the following growth trajectory at HSBC Group:

Experience	Average Salary Range
15 years	₹27.4 Lakhs to ₹40.0 Lakhs per year

and so on.

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HSBC Group Software Development Manager Salaries

HSBC Group Software Development Manager salary in India ranges between ₹27.4 Lakhs to ₹40 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 HSBC Group latest salaries received from various employees of HSBC Group.