HSBC Software Development Mumbai Software Engineer Salaries by 10+ Employees

2 - 6 years exp.

₹5 Lakhs - ₹18.5 Lakhs

Avg. annual salary

Monthly In-hand Salary

42% more than the average Software Engineer Salary in Software Product Companies for 2 - 6 years of experience

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Last Updated: 6 Oct 2024

Companies similar to HSBC Software Development for Software Engineer in Mumbai

HSBC Software Development Software Engineer Salary

2 - 6 years exp. (16 salaries)

₹5 L/yr - ₹18.5 L/yr

Company name	Avg Annual Salary	Open Jobs
Capgemini Software Engineer Salary 0 - 8 years exp. (1.5k salaries)	₹2 L/yr - ₹10.8 L/yr 47% less	134 job openings
Accenture Software Engineer Salary 0 - 8 years exp. (794 salaries)	₹3.6 L/yr - ₹13.6 L/yr 29% less
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NeoSOFT Software Engineer Salary 1 - 6 years exp. (580 salaries)	₹3 L/yr - ₹14 L/yr 32% less
Xoriant Software Engineer Salary 1 - 6 years exp. (105 salaries)	₹3.4 L/yr - ₹14.1 L/yr 28% less
QualityKiosk Technologies Software Engineer Salary 0 - 6 years exp. (48 salaries)	₹2.1 L/yr - ₹9.6 L/yr 56% less
Nagarro Software Engineer Salary 1 - 5 years exp. (25 salaries)	₹4.5 L/yr - ₹12 L/yr 41% less
FIS Software Engineer Salary 1 - 7 years exp. (24 salaries)	₹4.8 L/yr - ₹13.9 L/yr 23% less
Amazon Software Engineer Salary 0 - 8 years exp. (15 salaries)	₹25 L/yr - ₹37.7 L/yr 168% more	6 job openings
Siemens Software Engineer Salary 1 - 6 years exp. (12 salaries)	₹6.2 L/yr - ₹20 L/yr 19% more	33 job openings
Teleperformance Software Engineer Salary 1 - 6 years exp. (9 salaries)	₹3.6 L/yr - ₹8.5 L/yr 36% less
Concentrix Corporation Software Engineer Salary 2 - 6 years exp. (7 salaries)	₹4 L/yr - ₹14.9 L/yr 21% less
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Sterlite Technologies Software Engineer Salary 0 - 5 years exp. (4 salaries)	₹4.2 L/yr - ₹8.9 L/yr 34% less	5 job openings

Software Engineer salary at HSBC Software Development ranges between ₹5 Lakhs to ₹18.5 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 16 latest salaries received from various employees of HSBC Software Development.

Experience wise HSBC Software Development Software Engineer salaries in Mumbai

Last Updated: 6 Oct 2024

Experience	Avg Annual Salary
2 years (3 salaries)	₹4.4 L/yr - ₹19.9 L/yr
3 years (7 salaries)	₹5.2 L/yr - ₹20.5 L/yr
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4 years (3 salaries)	₹9.3 L/yr - ₹15 L/yr
5 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
6 years (AmbitionBox Estimate)	₹11.1 L/yr - ₹14.2 L/yr

Similar Designation salaries in HSBC Software Development

Lead Business Analyst Salary

(5 salaries)

₹25.5 L/yr - ₹35 L/yr

Salary related reviews for HSBC Software Development

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

Software Engineer in Pune

Full Time

Engineering - Software & QA Department

4.0

• posted on 28 Jul 2018

3.0

for Salary and Benefits

Likes

Two things are like about working at HSBC : work life balance and Job security. Salary pay hike is according to market standard.

Job security - Good

+1 more

Dislikes

Travel: Only short-term travel for 2-3 weeks You wont get chance to work on new technologies. Career growth is very slow.

Software Engineer in Pune

Engineering - Software & QA Department

4.0

• posted on 29 Dec 2020

4.0

for Salary and Benefits

Likes

Fixed compensation, scope to learn any technology, moderately safe for job security till consultant specialist, many online subscriptions like Coursera, orielly, linkedIn learning etc.

Salary - Good

+6 more

Dislikes

Only dislike: Everything is manager dependent, if you get stuck old technology and if there is not kuch work under your manager, tough to switch teams and technology.

Software Engineer in Hyderabad / Secunderabad

Engineering - Software & QA Department

4.0

• posted on 20 Apr 2019

4.0

for Salary and Benefits

Likes

The company is open to innovation and readily adopts latest technology. I love the fact that I am a part of a team that Global Services Delivery quality service and product and has a global client base..

Salary - Good

+4 more

Dislikes

Compensation is decent, but growth is slow. Managers don't value an individual unique strengths, which is why I have to take back my suggestion most of the time. I do receive appreciation email from my client, but they mostly go unnoticed during my year appraisal.

Job security - Poor

Software Engineer in Pune

Engineering - Hardware & Networks Department

4.0

• posted on 05 Mar 2019

5.0

for Salary and Benefits

Likes

It’s a very good place to work in Hsbc. You can find very good colleagues and good salary. You can learn politics as well. Have very good chances to do innovation activities. Work life is wonderful.

Salary - Excellent

+2 more

Dislikes

Nothing.

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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 Software Engineer Salary FAQs

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

The average salary of a Software Engineer at HSBC Software Development in Mumbai typically ranges from ₹5.0 Lakhs to ₹18.5 Lakhs per year, depending on experience (from 2 years to 6 years).

The top 10% of Software Engineer in Mumbai at HSBC Software Development earn more than ₹18.2 Lakhs per year, and the top 1% earn over ₹18.5 Lakhs per year. Software Engineer 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 10+ HSBC Software Development employees in India.

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

The estimated take-home salary of a Software Engineer at HSBC Software Development in Mumbai typically ranges from ₹83,287 to ₹85,462 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹18.5 Lakhs per year for employees with experience ranging from 2 years to 6 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 10+ 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 Software Engineer in India?

Amazon	₹25.0 Lakhs to ₹37.7 Lakhs per year
Siemens	₹6.2 Lakhs to ₹20.0 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 Software Engineer in companies similar to HSBC Software Development in Mumbai?

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

Concentrix Corporation	₹4.0 Lakhs to ₹14.9 Lakhs per year
FIS	₹4.8 Lakhs to ₹13.9 Lakhs per year
Xoriant	₹3.4 Lakhs to ₹14.1 Lakhs per year
Accenture	₹3.6 Lakhs to ₹13.6 Lakhs per year
NeoSOFT	₹3.0 Lakhs to ₹14.0 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 Software Engineer at HSBC Software Development in Mumbai?

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

Experience	Average Salary Range
2 years	₹4.4 Lakhs to ₹19.9 Lakhs per year
3 years	₹5.2 Lakhs to ₹20.5 Lakhs per year
4 years	₹9.3 Lakhs to ₹15.0 Lakhs per year
5 years	₹10.8 Lakhs to ₹13.8 Lakhs per year

and so on.

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HSBC Software Development Software Engineer Salaries in Mumbai

HSBC Software Development Software Engineer salary in Mumbai ranges between ₹5 Lakhs to ₹18.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 HSBC Software Development latest salaries received from various employees of HSBC Software Development.