HSBC Software Development Mainframe Developer Salaries by 7 Employees (Updated 2024)

3 - 5 years exp.

₹6.7 Lakhs - ₹12 Lakhs

Salary of majority employees

14% more than the average Mainframe Developer Salary in Software Product Companies for 3 - 5 years of experience

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Last Updated: 19 Mar 2023

Companies similar to HSBC Software Development for Mainframe Developer

Company name	Avg Annual Salary	Open Jobs
TCS Mainframe Developer Salary 1 - 7 years exp. (1.3k salaries)	₹2.3 L/yr - ₹10.3 L/yr 15% less
Cognizant Mainframe Developer Salary 2 - 5 years exp. (500 salaries)	₹2.7 L/yr - ₹10.5 L/yr 19% less	6 job openings
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IBM Mainframe Developer Salary 0 - 6 years exp. (434 salaries)	₹2.2 L/yr - ₹10 L/yr 15% less
Wipro Mainframe Developer Salary 2 - 6 years exp. (432 salaries)	₹2.1 L/yr - ₹9.5 L/yr 14% less
Capgemini Mainframe Developer Salary 1 - 6 years exp. (315 salaries)	₹2.8 L/yr - ₹11.6 L/yr 13% less	7 job openings
Infosys Mainframe Developer Salary 2 - 5 years exp. (231 salaries)	₹2.8 L/yr - ₹10.4 L/yr 18% less	4 job openings
DXC Technology Mainframe Developer Salary 1 - 5 years exp. (198 salaries)	₹2.5 L/yr - ₹11.3 L/yr 17% less
Accenture Mainframe Developer Salary 2 - 5 years exp. (192 salaries)	₹3.5 L/yr - ₹9.6 L/yr 16% less
Tech Mahindra Mainframe Developer Salary 2 - 5 years exp. (175 salaries)	₹3 L/yr - ₹10 L/yr 24% less	1 job opening
HCLTech Mainframe Developer Salary 2 - 7 years exp. (133 salaries)	₹3.8 L/yr - ₹15.6 L/yr 15% more	1 job opening
LTIMindtree Mainframe Developer Salary 1 - 5 years exp. (99 salaries)	₹2.8 L/yr - ₹9.5 L/yr 29% less
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Mphasis Mainframe Developer Salary 0 - 8 years exp. (51 salaries)	₹3.2 L/yr - ₹13.8 L/yr 1% more
Deloitte Mainframe Developer Salary 1 - 8 years exp. (22 salaries)	₹4 L/yr - ₹14.5 L/yr 12% more
Genpact Mainframe Developer Salary 2 - 4 years exp. (15 salaries)	₹3.2 L/yr - ₹14.2 L/yr 6% more
JPMorgan Chase & Co. Mainframe Developer Salary 4 - 11 years exp. (6 salaries)	₹10.4 L/yr - ₹27 L/yr 103% more
Larsen & Toubro Limited Mainframe Developer Salary 2 - 3 years exp. (4 salaries)	₹5.2 L/yr - ₹6 L/yr 31% less
Ernst & Young Mainframe Developer Salary 8 - 10 years exp. (3 salaries)	₹17 L/yr - ₹30 L/yr 222% more

Mainframe Developer salary at HSBC Software Development ranges between ₹6.7 Lakhs to ₹12 Lakhs per year for employees with experience between 3 years to 5 years. Salary estimates are based on 7 latest salaries received from various employees of HSBC Software Development.

Experience wise HSBC Software Development Mainframe Developer salaries

Last Updated: 19 Mar 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹6.7 L/yr
4 years (4 salaries)	₹7 L/yr - ₹7.7 L/yr
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5 years (AmbitionBox Estimate)	₹7.5 L/yr - ₹12 L/yr

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Salary related reviews for HSBC Software Development

3.0

Rated by 1 employees for salary & benefits

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.

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

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.

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.

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.

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.

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.

see more salary related reviews

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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HSBC Software Development Mainframe Developer Salary FAQs

What is the salary of Mainframe Developer at HSBC Software Development?

Mainframe Developer salary at HSBC Software Development in India ranges between ₹6.7 Lakhs to ₹12.0 Lakhs for experience between 3 years to 5 years. According to our estimates it is 14% more than the average Mainframe Developer Salary in India. Salary estimates are based on 7 latest salaries received from various employees of HSBC Software Development India.

How does the salary of a Mainframe Developer at HSBC Software Development India compare with the average salary range for this job?

The average salary of a Mainframe Developer at HSBC Software Development is 14% 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 Software Development to a Mainframe Developer in India?

Ernst & Young Mainframe Developer Salary - ₹17.0 Lakhs to ₹30.0 Lakhs per year
JPMorgan Chase & Co. Mainframe Developer Salary - ₹10.4 Lakhs to ₹27.0 Lakhs per year
HCLTech Mainframe Developer Salary - ₹3.8 Lakhs to ₹15.6 Lakhs per year
Deloitte Mainframe Developer Salary - ₹4.0 Lakhs to ₹14.5 Lakhs per year
Genpact Mainframe Developer Salary - ₹3.2 Lakhs to ₹14.2 Lakhs per year

What is the salary of a Mainframe Developer in companies similar to HSBC Software Development in India?

Mphasis Mainframe Developer Salary - ₹3.2 Lakhs to ₹13.8 Lakhs per year
Capgemini Mainframe Developer Salary - ₹2.8 Lakhs to ₹11.6 Lakhs per year
Wipro Mainframe Developer Salary - ₹2.1 Lakhs to ₹9.5 Lakhs per year
TCS Mainframe Developer Salary - ₹2.3 Lakhs to ₹10.3 Lakhs per year
IBM Mainframe Developer Salary - ₹2.2 Lakhs to ₹10.0 Lakhs per year

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

The estimated take-home salary of a Mainframe Developer at HSBC Software Development ranges between ₹56,542 per month to ₹57,961 per month in India. The take-home salary calculation is based on the average HSBC Software Development Mainframe Developer salary in India which ranges between ₹6.7 Lakhs to ₹12.0 Lakhs per year for employees with experience between 3 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Mainframe Developer at HSBC Software Development?

According to AmbitionBox, 100% of the HSBC Software Development Mainframe Developers reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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HSBC Software Development Mainframe Developer Salaries

HSBC Software Development Mainframe Developer salary in India ranges between ₹6.7 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 HSBC Software Development latest salaries received from various employees of HSBC Software Development.