HSBC Software Development Engineering Manager Salaries by 5 Employees

15 - 16 years exp.

₹33.5 Lakhs - ₹42 Lakhs

Avg. annual salary

Monthly In-hand Salary

5% less than the average Engineering Manager Salary in Software Product Companies for 15 - 16 years of experience

Interested in this particular role?

Salaries in different departments

Engineering - Software & QA Engineering Manager Salary 15 - 16 years exp. (4 salaries)	₹33.5 L/yr - ₹42 L/yr
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Project & Program Management Engineering Manager Salary 16 years exp. (AmbitionBox Estimate)	₹35 L/yr - ₹35.3 L/yr

Last Updated: 6 Apr 2024

Companies similar to HSBC Software Development for Engineering Manager

Company name	Avg Annual Salary	Open Jobs
Optum Global Solutions Engineering Manager Salary 10 - 19 years exp. (149 salaries)	₹20 L/yr - ₹61 L/yr 12% more
Cisco Engineering Manager Salary 11 - 21 years exp. (72 salaries)	₹22 L/yr - ₹77 L/yr 25% more
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Amazon Engineering Manager Salary 9 - 18 years exp. (71 salaries)	₹38.5 L/yr - ₹1 Cr/yr 84% more
Accenture Engineering Manager Salary 10 - 20 years exp. (68 salaries)	₹17 L/yr - ₹48.5 L/yr 3% less	1 job opening
Siemens Engineering Manager Salary 12 - 18 years exp. (60 salaries)	₹12 L/yr - ₹42.5 L/yr 28% less
Capgemini Engineering Manager Salary 10 - 19 years exp. (49 salaries)	₹17.5 L/yr - ₹37.5 L/yr 26% less
Dell Engineering Manager Salary 8 - 20 years exp. (40 salaries)	₹19 L/yr - ₹64.9 L/yr 5% more
HCLTech Engineering Manager Salary 12 - 19 years exp. (31 salaries)	₹17.1 L/yr - ₹39.5 L/yr 21% less
Nagarro Engineering Manager Salary 7 - 17 years exp. (15 salaries)	₹27 L/yr - ₹42 L/yr 3% less
Quest Global Engineering Manager Salary 3 - 15 years exp. (14 salaries)	₹19 L/yr - ₹40 L/yr 22% less
Persistent Systems Engineering Manager Salary 10 - 22 years exp. (14 salaries)	₹25 L/yr - ₹45 L/yr 1% less	1 job opening
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Capgemini Engineering Engineering Manager Salary 12 - 15 years exp. (12 salaries)	₹19.8 L/yr - ₹42 L/yr 9% less
Unisys Engineering Manager Salary 15 - 22 years exp. (12 salaries)	₹24.2 L/yr - ₹36 L/yr 4% less
FactSet Engineering Manager Salary 8 - 17 years exp. (10 salaries)	₹30 L/yr - ₹45 L/yr 7% more
Sterlite Technologies Engineering Manager Salary 10 - 17 years exp. (9 salaries)	₹22 L/yr - ₹33 L/yr 13% less
Amazon Development Centre India Engineering Manager Salary 7 - 22 years exp. (8 salaries)	₹38 L/yr - ₹58 L/yr 48% more
S&P Global Engineering Manager Salary 8 - 16 years exp. (8 salaries)	₹30 L/yr - ₹50.5 L/yr 9% more
Coforge Engineering Manager Salary 12 - 15 years exp. (6 salaries)	₹24 L/yr - ₹31 L/yr 22% less
Concentrix Corporation Engineering Manager Salary 7 - 14 years exp. (5 salaries)	₹9 L/yr - ₹31.5 L/yr 42% less
ValueLabs Engineering Manager Salary 16 - 20 years exp. (4 salaries)	₹32.5 L/yr - ₹40 L/yr 4% more

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Engineering Manager salary at HSBC Software Development ranges between ₹33.5 Lakhs to ₹42 Lakhs per year for employees with experience between 15 years to 16 years. Salary estimates are based on 5 latest salaries received from various employees of HSBC Software Development.

Experience wise HSBC Software Development Engineering Manager salaries

Last Updated: 6 Apr 2024

Experience	Avg Annual Salary
15+ years (5 salaries)	₹33.5 L/yr - ₹42 L/yr
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Similar Designation salaries in HSBC Software Development

Senior Engineering Manager Salary

(5 salaries)

₹38 L/yr - ₹61 L/yr

Delivery Manager Salary

(12 salaries)

₹26 L/yr - ₹50 L/yr

Program Manager Salary

(16 salaries)

₹20 L/yr - ₹35 L/yr

Project Manager Salary

(98 salaries)

₹17.45 L/yr - ₹45.5 L/yr

Technical Manager Salary

(4 salaries)

₹19 L/yr - ₹38 L/yr

Associate Engineering Manager Salary

(AmbitionBox Estimate)

₹27.8 L/yr - ₹35.5 L/yr

Product Manager Salary

(6 salaries)

₹20 L/yr - ₹37 L/yr

Senior Project Manager Salary

(50 salaries)

₹35 L/yr - ₹57.5 L/yr

Scrum Master Salary

(19 salaries)

₹6.5 L/yr - ₹22 L/yr

Principal Engineer Salary

(3 salaries)

₹34 L/yr - ₹50 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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Salary Discussions, Hike & Promotions

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 Engineering Manager Salary FAQs

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

The average salary of a Engineering Manager at HSBC Software Development in India typically ranges from ₹33.5 Lakhs to ₹42.0 Lakhs per year, depending on experience (from 15 years to 16 years).

The top 10% of Engineering Manager at HSBC Software Development earn more than ₹42.0 Lakhs per year, and the top 1% earn over ₹42.0 Lakhs per year. Engineering Manager 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 5 HSBC Software Development employees in India.

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

The estimated take-home salary of a Engineering Manager at HSBC Software Development in India typically ranges from ₹2,11,823 to ₹2,20,264 per month. This is based on the average salary range of ₹33.5 Lakhs to ₹42.0 Lakhs per year for employees with experience ranging from 15 years to 16 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 5 salaries received from various employees of HSBC Software Development. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than HSBC Software Development for Engineering Manager in India?

Amazon	₹38.5 Lakhs to ₹103.4 Lakhs per year
Amazon Development Centre India	₹38.0 Lakhs to ₹58.0 Lakhs per year
Cisco	₹22.0 Lakhs to ₹77.0 Lakhs per year
Optum Global Solutions	₹20.0 Lakhs to ₹61.0 Lakhs per year
S&P Global	₹30.0 Lakhs to ₹50.5 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by HSBC Software Development, depending on the role and experience level.

What is the salary of a Engineering Manager in companies similar to HSBC Software Development in India?

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

FactSet	₹30.0 Lakhs to ₹45.0 Lakhs per year
Dell	₹19.0 Lakhs to ₹64.9 Lakhs per year
ValueLabs	₹32.5 Lakhs to ₹40.0 Lakhs per year
Persistent Systems	₹25.0 Lakhs to ₹45.0 Lakhs per year
Nagarro	₹27.0 Lakhs to ₹42.0 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 Engineering Manager at HSBC Software Development in India?

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

Experience	Average Salary Range
15 years	₹33.5 Lakhs to ₹42.0 Lakhs per year

and so on.

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HSBC Software Development Engineering Manager Salaries

HSBC Software Development Engineering Manager salary in India ranges between ₹33.5 Lakhs to ₹42 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 HSBC Software Development latest salaries received from various employees of HSBC Software Development.