HSBC Group Software Engineer Level 1 Salaries by 4 Employees (Updated 2025)

1 - 2 years exp.

₹9.6 Lakhs - ₹17.5 Lakhs

Low Confidence

Salary of majority employees

Fixed (89%)

₹11.1 Lakhs

Variable (11%)

₹1.4 Lakh

26% more than the average Software Engineer Level 1 Salary in Financial Services Companies for 1 - 2 years of experience

Interested in this particular role?

Last Updated: 5 Mar 2025

Companies similar to HSBC Group for Software Engineer Level 1

Company name	Avg Annual Salary	Open Jobs
JPMorgan Chase & Co. Software Engineer Level 1 Salary 1 - 5 years exp. (55 salaries)	₹12 L/yr - ₹22 L/yr 40% more	1 job opening
American Express Software Engineer Level 1 Salary 5 - 10 years exp. (17 salaries)	₹15.8 L/yr - ₹42 L/yr 167% more
Login to view exact salary
Wells Fargo Software Engineer Level 1 Salary 0 - 2 years exp. (5 salaries)	₹18 L/yr - ₹24 L/yr 73% more
Morgan Stanley Software Engineer Level 1 Salary 0 - 4 years exp. (4 salaries)	₹12 L/yr - ₹28 L/yr 60% more
MAQ Software Software Engineer Level 1 Salary 0 - 3 years exp. (601 salaries)	₹5 L/yr - ₹13.7 L/yr 23% less

Software Engineer Level 1 salary at HSBC Group ranges between ₹9.6 Lakhs to ₹17.5 Lakhs per year for employees with experience between 1 year to 2 years. Salary estimates are based on 4 latest salaries received from various employees of HSBC Group.

Experience wise HSBC Group Software Engineer Level 1 salaries

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹9 L/yr - ₹11.5 L/yr
Login to view exact salary
2 years (3 salaries)	₹9.6 L/yr - ₹17.5 L/yr

Similar Designation salaries in HSBC Group

Software Developer Salary

(154 salaries)

₹6.26 L/yr - ₹27 L/yr

Senior Software Developer Salary

(44 salaries)

₹9.05 L/yr - ₹22.75 L/yr

RPA Developer Salary

(14 salaries)

₹4 L/yr - ₹14.2 L/yr

Senior Software Development Engineer Salary

(12 salaries)

₹9.5 L/yr - ₹21.5 L/yr

Java Developer Salary

(9 salaries)

₹4.5 L/yr - ₹12 L/yr

Full Stack Developer Salary

(8 salaries)

₹7 L/yr - ₹11 L/yr

Jira Administrator Salary

(7 salaries)

₹5.3 L/yr - ₹9.7 L/yr

Servicenow Developer Salary

(7 salaries)

₹4.26 L/yr - ₹13 L/yr

IOS Developer Salary

(7 salaries)

₹7.5 L/yr - ₹20 L/yr

Android Developer Salary

(7 salaries)

₹12.5 L/yr - ₹16 L/yr

Salary related reviews for HSBC Group

Senior Software Engineer-Team Leader in Pune

Engineering - Software & QA Department

4.0

• posted on 07 Apr 2022

2.0

for Salary and Benefits

Likes

It's good company to work with but very less job security, appraisal also now like service based organizations. The worst part is the job security.

Skill development - Good

+1 more

Dislikes

Job security and less pay are two major concerns otherwise it's good company.

Salary - Poor

+2 more

Java Developer in Pune

Engineering - Software & QA Department

1.0

• posted on 20 Apr 2022

1.0

for Salary and Benefits

Likes

There is no respect in this company. People who are chamchas of manager, gets good compensation. Micromanage. Ni work life balance

Dislikes

Here people are working from 17 to 19 years in this company. And they think hsbc are their monopoly. Stop abusing juniors.

Salary - Bad

+6 more

Software Developer in Pune

Engineering - Software & QA Department

2.0

• posted on 03 Nov 2020

2.0

for Salary and Benefits

Likes

Work life balence.

Job security - Excellent

+1 more

Dislikes

No benefits at all. They have 1TT table and a single room gym for ~8k people. Low compensation for overtime/weekends They’ll put you in some random team working on a random old tech stack with no growth. They give no option to change team for 2 years.

Salary - Poor

+4 more

Devops Engineer in Pune

Full Time

Engineering - Software & QA Department

4.0

• posted on 26 Dec 2024

3.0

for Salary and Benefits

Likes

If you are looking for Growth in work and Good work culture and work life balance then HSBC is definitely one of the best options.

Skill development - Good

+4 more

Dislikes

Appraisals and Promotions are not good. Pay wise you may not feel satisfied ever. Good for 35 + people who are already in good carreer bands.

Consultant in Pune

Full Time

Engineering - Software & QA Department

4.0

• posted on 03 May 2024

3.0

for Salary and Benefits

Likes

...mpanies. Overall work is good, work life balance is there, work culture is good. If you get a good package when joining, can stay in here for few years comfortably.

Skill development - Good

+3 more

Dislikes

Current increment process and promotion process

see more salary related reviews

Discover interview dos and don'ts from real experiences

What people are saying about HSBC Group

View All

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

0 participant . expiring in 2w

Got a question about HSBC Group?

Ask anonymously on communities.

HSBC Group Software Engineer Level 1 Salary FAQs

What is the salary of Software Engineer Level 1 at HSBC Group ?

The average salary of a Software Engineer Level 1 at HSBC Group in India typically ranges from ₹9.6 Lakhs to ₹17.5 Lakhs per year, depending on experience (from 1 year to 2 years).

The top 10% of Software Engineer Level 1 at HSBC Group earn more than ₹17.5 Lakhs per year, and the top 1% earn over ₹17.5 Lakhs per year. Software Engineer Level 1 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 Engineer Level 1 at HSBC Group in India?

The estimated take-home salary of a Software Engineer Level 1 at HSBC Group in India typically ranges from ₹88,838 to ₹91,170 per month. This is based on the average salary range of ₹9.6 Lakhs to ₹17.5 Lakhs per year for employees with experience ranging from 1 year to 2 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 Engineer Level 1 in India?

American Express	₹15.8 Lakhs to ₹42.0 Lakhs per year
Wells Fargo	₹18.0 Lakhs to ₹24.0 Lakhs per year
Morgan Stanley	₹12.0 Lakhs to ₹28.0 Lakhs per year
JPMorgan Chase & Co.	₹12.0 Lakhs to ₹22.0 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 Engineer Level 1 in companies similar to HSBC Group in India?

The salary of a Software Engineer Level 1 at companies similar to HSBC Group in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

MAQ Software

₹5.0 Lakhs to ₹13.7 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 Engineer Level 1 at HSBC Group in India?

The salary growth for a Software Engineer Level 1 at HSBC Group depends on factors such as experience, performance, and promotions. On average, a Software Engineer Level 1 can expect the following growth trajectory at HSBC Group:

Experience	Average Salary Range
1 year	₹9.0 Lakhs to ₹11.5 Lakhs per year
2 years	₹9.6 Lakhs to ₹17.5 Lakhs per year

and so on.

Tell us how to improve this page.

HSBC Group Software Engineer Level 1 Salaries by Location

Home >
Salaries >
HSBC Group Salaries >
HSBC Group Software Engineer Level 1 Salaries

HSBC Group Software Engineer Level 1 salary in India ranges between ₹9.6 Lakhs to ₹17.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 HSBC Group latest salaries received from various employees of HSBC Group.