HSBC Software Development Mumbai Business Analyst Salaries by 4 Employees

7 - 10 years exp.

₹14.5 Lakhs - ₹20.1 Lakhs

Avg. annual salary

Monthly In-hand Salary

69% more than the average Business Analyst Salary in Software Product Companies for 7 - 10 years of experience

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Last Updated: 16 Mar 2023

Companies similar to HSBC Software Development for Business Analyst in Mumbai

HSBC Software Development Business Analyst Salary

7 - 10 years exp. (4 salaries)

₹14.5 L/yr - ₹20.1 L/yr

Company name	Avg Annual Salary	Open Jobs
Accenture Business Analyst Salary 0 - 11 years exp. (376 salaries)	₹4.5 L/yr - ₹17 L/yr 44% less	64 job openings
Capgemini Business Analyst Salary 0 - 12 years exp. (189 salaries)	₹4.1 L/yr - ₹18.5 L/yr 39% less	11 job openings
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QualityKiosk Technologies Business Analyst Salary 2 - 9 years exp. (68 salaries)	₹4.3 L/yr - ₹16.5 L/yr 44% less	9 job openings
NeoSOFT Business Analyst Salary 1 - 8 years exp. (64 salaries)	₹4 L/yr - ₹15.9 L/yr 48% less
HCLTech Business Analyst Salary 1 - 10 years exp. (30 salaries)	₹4.3 L/yr - ₹16 L/yr 43% less
Amazon Business Analyst Salary 0 - 8 years exp. (26 salaries)	₹5.8 L/yr - ₹23 L/yr 25% less	38 job openings
Coforge Business Analyst Salary 6 - 12 years exp. (13 salaries)	₹7.6 L/yr - ₹25 L/yr 1% less	5 job openings
Persistent Systems Business Analyst Salary 4 - 8 years exp. (12 salaries)	₹6.5 L/yr - ₹18 L/yr 32% less
Teleperformance Business Analyst Salary 1 - 6 years exp. (8 salaries)	₹3 L/yr - ₹9 L/yr 72% less
Cisco Business Analyst Salary 2 - 5 years exp. (5 salaries)	₹9.1 L/yr - ₹21.7 L/yr 10% less
Amazon Development Centre India Business Analyst Salary 2 - 7 years exp. (5 salaries)	₹6 L/yr - ₹17 L/yr 32% less	2 job openings
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Concentrix Corporation Business Analyst Salary 3 - 8 years exp. (4 salaries)	₹3 L/yr - ₹7.3 L/yr 66% less
Sterlite Technologies Business Analyst Salary 2 - 6 years exp. (3 salaries)	₹6.1 L/yr - ₹10 L/yr 47% less
Quest Global Business Analyst Salary 7 - 8 years exp. (3 salaries)	₹4 L/yr - ₹13.8 L/yr 46% less
Nagarro Business Analyst Salary 2 - 7 years exp. (3 salaries)	₹13.5 L/yr - ₹22.5 L/yr 12% less

Business Analyst salary at HSBC Software Development ranges between ₹14.5 Lakhs to ₹20.1 Lakhs per year for employees with experience between 7 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of HSBC Software Development.

Experience wise HSBC Software Development Business Analyst salaries in Mumbai

Last Updated: 16 Mar 2023

Experience	Avg Annual Salary
7 years (AmbitionBox Estimate)	₹14.1 L/yr - ₹18 L/yr
8 years (AmbitionBox Estimate)	₹14.8 L/yr - ₹18.9 L/yr
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9 years (AmbitionBox Estimate)	₹15.4 L/yr - ₹19.7 L/yr
10 years (AmbitionBox Estimate)	₹16.1 L/yr - ₹20.6 L/yr

Salary related reviews for HSBC Software Development

Senior Software Engineer in Pune

Full Time

Engineering - Software & QA Department

5.0

• posted on 25 Nov 2024

4.0

for Salary and Benefits

Likes

Hybrid working model. Great team and strong supporting managers.

Salary - Good

+6 more

Dislikes

The only thing which I did not like about hsbc was, salary hike is not discussed during appraisal time, and once you get the number there is no scope for discussion.

Senior Software Engineer in Pune

Full Time

Engineering - Software & QA Department

2.0

• posted on 02 Jan 2023

1.0

for Salary and Benefits

Likes

1. No micro management until you are doing your task properly

Dislikes

1. Make sure you join with good package so that you can stay for some year because hikes are very low. 2. Less opportunities for in role promotions & IJP process is not transparent 3. Work culture is average as not much team bonding activity happens

Salary - Bad

+5 more

Software Engineer in Pune

Full Time

Engineering - Software & QA Department

3.0

• posted on 14 Dec 2021

2.0

for Salary and Benefits

Likes

1. Work- life balance can be good if your team is supportive. 2. European work culture can be seen in some teams if managers are cool.

Job security - Good

+1 more

Dislikes

1. Poor compensation. 2. Place is filled with vendors which affects the team culture alot. Vendors generally agree to work longer hours, which forces entire team to work longer. 3. Technology exposure is very limited. 4. The cool factor with software engineer is missing because decisions are largely bank influenced.

Salary - Poor

+2 more

Senior Software Engineer in Pune

Full Time

Engineering - Software & QA Department

4.0

• posted on 01 Mar 2022

3.0

for Salary and Benefits

Likes

Work life balance, good environment to work. No unnecessary pressure of work. You can manage out time to up skill yourself within office hours as well.

Skill development - Good

+5 more

Dislikes

Compensation for sure. It may give a good lure, but yearly hikes are meagre. But overall, if you are more on learning side, go for it. Good place to learn and achieve.

Senior Software Engineer in Pune

Full Time

Engineering - Software & QA Department

5.0

• posted on 04 Jul 2021

5.0

for Salary and Benefits

Likes

Great hike based on performance, work life balance, leave policy.

Salary - Excellent

+4 more

Dislikes

Company is now moving towards cost cutting on higher rate, which is causing threat to job -security, layoffs are very common and yearly process almost.

Job security - Poor

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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HSBC Software Development Business Analyst Salary FAQs

What is the salary of Business Analyst at HSBC Software Development in Mumbai?

The average salary of a Business Analyst at HSBC Software Development in Mumbai typically ranges from ₹14.5 Lakhs to ₹20.1 Lakhs per year, depending on experience (from 7 years to 10 years).

The top 10% of Business Analyst in Mumbai at HSBC Software Development earn more than ₹15.7 Lakhs per year, and the top 1% earn over ₹15.7 Lakhs per year. Business Analyst Salaries at HSBC Software Development 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 Software Development employees in India.

What is the estimated take home salary of a Business Analyst at HSBC Software Development in Mumbai?

The estimated take-home salary of a Business Analyst at HSBC Software Development in Mumbai typically ranges from ₹1,20,528 to ₹1,23,913 per month. This is based on the average salary range of ₹14.5 Lakhs to ₹20.1 Lakhs per year for employees with experience ranging from 7 years to 10 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 Software Development. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Business Analyst in companies similar to HSBC Software Development in Mumbai?

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

Coforge	₹7.6 Lakhs to ₹25.0 Lakhs per year
Cisco	₹9.1 Lakhs to ₹21.7 Lakhs per year
Nagarro	₹13.5 Lakhs to ₹22.5 Lakhs per year
Amazon	₹5.8 Lakhs to ₹23.0 Lakhs per year
Amazon Development Centre India	₹6.0 Lakhs to ₹17.0 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 Business Analyst at HSBC Software Development in Mumbai?

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

Experience	Average Salary Range
7 years	₹14.1 Lakhs to ₹18.0 Lakhs per year
8 years	₹14.8 Lakhs to ₹18.9 Lakhs per year
9 years	₹15.4 Lakhs to ₹19.7 Lakhs per year
10 years	₹16.1 Lakhs to ₹20.6 Lakhs per year

and so on.

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HSBC Software Development Business Analyst Salaries in Mumbai

HSBC Software Development Business Analyst salary in Mumbai ranges between ₹14.5 Lakhs to ₹20.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 HSBC Software Development latest salaries received from various employees of HSBC Software Development.