HSBC Software Development Principal Engineer Salaries by 3 Employees (Updated 2025)

14 - 16 years exp.

₹34 Lakhs - ₹50 Lakhs

Low Confidence

Salary of majority employees

43% more than the average Principal Engineer Salary in Software Product Companies for 14 - 16 years of experience

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Last Updated: 11 Aug 2023

Companies similar to HSBC Software Development for Principal Engineer

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Nagarro Principal Engineer Salary 13 - 18 years exp. (206 salaries)	₹21.8 L/yr - ₹51 L/yr 13% less	14 job openings
FIS Principal Engineer Salary 10 - 18 years exp. (72 salaries)	₹18 L/yr - ₹37 L/yr 37% less	2 job openings
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Amazon Principal Engineer Salary 9 - 17 years exp. (25 salaries)	₹31.4 L/yr - ₹1.2 Cr/yr 71% more	3 job openings
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Unisys Principal Engineer Salary 13 - 23 years exp. (17 salaries)	₹40 L/yr - ₹51 L/yr 2% less
Cisco Principal Engineer Salary 12 - 23 years exp. (15 salaries)	₹34 L/yr - ₹1.1 Cr/yr 69% more	2 job openings
Accenture Principal Engineer Salary 6 - 14 years exp. (12 salaries)	₹19 L/yr - ₹41 L/yr 43% less
Capgemini Engineering Principal Engineer Salary 7 - 19 years exp. (10 salaries)	₹14 L/yr - ₹45 L/yr 39% less
Mphasis Principal Engineer Salary 6 - 10 years exp. (10 salaries)	₹10 L/yr - ₹20 L/yr 62% less
Capgemini Principal Engineer Salary 14 - 24 years exp. (9 salaries)	₹25.2 L/yr - ₹50 L/yr 21% less
S&P Global Principal Engineer Salary 6 - 13 years exp. (8 salaries)	₹15 L/yr - ₹55.5 L/yr 26% less
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Persistent Systems Principal Engineer Salary 5 - 19 years exp. (7 salaries)	₹32 L/yr - ₹62 L/yr 4% more
Amazon Development Centre India Principal Engineer Salary 12 years exp. (4 salaries)	₹39.2 L/yr - ₹50 L/yr 3% less
Coforge Principal Engineer Salary 12 - 17 years exp. (4 salaries)	₹21 L/yr - ₹45 L/yr 25% less
Xoriant Principal Engineer Salary 8 - 10 years exp. (3 salaries)	₹32 L/yr - ₹34 L/yr 27% less
HCLTech Principal Engineer Salary 10 - 15 years exp. (3 salaries)	₹34.5 L/yr - ₹45 L/yr 13% less

Principal Engineer salary at HSBC Software Development ranges between ₹34 Lakhs to ₹50 Lakhs per year for employees with experience between 14 years to 16 years. Salary estimates are based on 3 latest salaries received from various employees of HSBC Software Development.

Experience wise HSBC Software Development Principal Engineer salaries

Last Updated: 11 Aug 2023

Experience	Avg Annual Salary
14 years (AmbitionBox Estimate)	₹37.8 L/yr - ₹48.3 L/yr
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15+ years (AmbitionBox Estimate)	₹47.5 L/yr - ₹52.5 L/yr

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Salary related reviews for HSBC Software Development

4.0

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.

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

see more salary related reviews

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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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HSBC Software Development Principal Engineer Salary FAQs

What is the notice period for Principal Engineer at HSBC Software Development?

According to AmbitionBox, 100% of the HSBC Software Development Principal Engineers reported a notice period of 3 Months.This is based on 1 response on AmbitionBox in last 2 years.

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HSBC Software Development Principal Engineer Salaries

HSBC Software Development Principal Engineer salary in India ranges between ₹34 Lakhs to ₹50 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 HSBC Software Development latest salaries received from various employees of HSBC Software Development.