JM Financial Softwaretest Engineer Salaries by 7 Employees (Updated 2025)

3 - 6 years exp.

₹5.3 Lakhs - ₹8.7 Lakhs

Low Confidence

Salary of majority employees

15% more than the average Softwaretest Engineer Salary in Financial Services Companies for 3 - 6 years of experience

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Last Updated: 2 Mar 2025

Companies similar to JM Financial for Softwaretest Engineer

Company name	Avg Annual Salary	Open Jobs
Bajaj Finserv Softwaretest Engineer Salary 0 - 3 years exp. (157 salaries)	₹1.5 L/yr - ₹5.7 L/yr 49% less
JPMorgan Chase & Co. Softwaretest Engineer Salary 0 - 8 years exp. (107 salaries)	₹12.7 L/yr - ₹27.5 L/yr 172% more
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Wells Fargo Softwaretest Engineer Salary 2 - 6 years exp. (51 salaries)	₹4.5 L/yr - ₹13 L/yr 18% more
Aditya Birla Capital Softwaretest Engineer Salary 0 - 4 years exp. (16 salaries)	₹2 L/yr - ₹11 L/yr 2% less
Edelweiss Softwaretest Engineer Salary 0 - 6 years exp. (11 salaries)	₹2.5 L/yr - ₹6.2 L/yr 40% less
TSYS\|Total System Services Softwaretest Engineer Salary 2 - 10 years exp. (10 salaries)	₹13.8 L/yr - ₹28 L/yr 174% more
Equiniti Softwaretest Engineer Salary 3 - 5 years exp. (9 salaries)	₹4.2 L/yr - ₹7 L/yr 20% less
Empower Retirement Softwaretest Engineer Salary 3 - 7 years exp. (8 salaries)	₹9 L/yr - ₹14.7 L/yr 94% more
Sharekhan Softwaretest Engineer Salary 3 - 6 years exp. (6 salaries)	₹4 L/yr - ₹7 L/yr 7% less
MSCI Softwaretest Engineer Salary 0 - 10 years exp. (5 salaries)	₹18.3 L/yr - ₹23 L/yr 198% more
Motilal Oswal Financial Services Softwaretest Engineer Salary 2 - 6 years exp. (4 salaries)	₹2.4 L/yr - ₹9 L/yr 16% less
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ICE Data Services Softwaretest Engineer Salary 5 - 10 years exp. (4 salaries)	₹10 L/yr - ₹18 L/yr 118% more
Muthoot Capital Services Softwaretest Engineer Salary 3 - 5 years exp. (3 salaries)	₹2.7 L/yr - ₹4.2 L/yr 44% less

Softwaretest Engineer salary at JM Financial ranges between ₹5.3 Lakhs to ₹8.7 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 7 latest salaries received from various employees of JM Financial.

Experience wise JM Financial Softwaretest Engineer salaries

Last Updated: 2 Mar 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹5.3 L/yr - ₹11.6 L/yr
4 years (3 salaries)	₹6 L/yr - ₹8 L/yr
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5 years (AmbitionBox Estimate)	₹6 L/yr - ₹8.7 L/yr
6 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹8.7 L/yr

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₹15.4 L/yr - ₹17 L/yr

Salary related reviews for JM Financial

Senior Software Developer in Mumbai

Full Time

Engineering - Software & QA Department

1.0

• posted on 05 Sep 2024

1.0

for Salary and Benefits

Likes

salary on time

Dislikes

working here for few months now too much office politics, the deployment is never planned and entire process here is made unnecessarily complicated , too much favouritism like their fav ppl leaves are approved , no need of coming to office ontime or leaving early, dont fall for any review that says anything positive its not true and its not employee friendly, healthy working culture here, no body helps u with basic new joining stuff u need ,just wont recommend anyone fresher or exp to come, u need to be too good to handle all the politics thats all. manager and senior managers treats you like absolute slave. u grow here only if you are extremely good with politics , buttering the upper management no actual skills/intelligence needed. also no proper hierarchy is maintained here within team and organisation.

Salary - Bad

+5 more

Senior Executive in Mumbai

Full Time

Marketing & Communication Department

1.0

• posted on 12 Aug 2024

1.0

for Salary and Benefits

Likes

Nothing

Dislikes

...letely biased towards seniors. He only listens and accepts whatever seniors say. I will not recommend anyone to work here even if you are getting very good package just for the sake of your mental health

Salary - Bad

+5 more

Investment Banking Associate in Mumbai

Full Time

BFSI, Investments & Trading Department

2.0

• posted on 03 Oct 2024

4.0

for Salary and Benefits

Likes

1. Higher compensation as compared to the Industry

Salary - Good

+1 more

Dislikes

1. Unnecessary work on weekends just because it is Investment Banking 2. Mandates come from top leadership....no real coverage banking 3. Highly rude, egoistic, insecure and envious people at top leadership 4. Exploitative behaviour, office politics, gossips, talking behind backs, etc. Won't recommend this even to my worst enemy

Skill development - Poor

+3 more

Associate in Mumbai

Full Time

Teaching & Training Department

1.0

• posted on 10 Nov 2023

2.0

for Salary and Benefits

Likes

There is one sun brand of JM financial name as Blinkx. Celebration of each festival was good.

Dislikes

...ou come to know that your expertise and your alloted profile is very different. Pathetic bonus return policy.

Salary - Poor

+6 more

Associate (working remotely)

Full Time

Finance & Accounting Department

2.0

• posted on 03 May 2023

3.0

for Salary and Benefits

Likes

Weekend off Medical checkup every week Insurance agent meetinf every week

Dislikes

...n worli branch employee have to seat and eat on the desk where u seat for work Most imp if u have vehicle than ready for traffice who take ur vehicle n pay fine again n again coz company does not provide parking facility

Skill development - Bad

+4 more

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a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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JM Financial Softwaretest Engineer Salary FAQs

What is the salary of Softwaretest Engineer at JM Financial ?

The average salary of a Softwaretest Engineer at JM Financial in India typically ranges from ₹5.3 Lakhs to ₹8.7 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of Softwaretest Engineer at JM Financial earn more than ₹8.7 Lakhs per year, and the top 1% earn over ₹8.7 Lakhs per year. Softwaretest Engineer Salaries at JM Financial 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 7 JM Financial employees in India.

What is the estimated take home salary of a Softwaretest Engineer at JM Financial in India?

The estimated take-home salary of a Softwaretest Engineer at JM Financial in India typically ranges from ₹50,693 to ₹51,889 per month. This is based on the average salary range of ₹5.3 Lakhs to ₹8.7 Lakhs per year for employees with experience ranging from 3 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 7 salaries received from various employees of JM Financial. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than JM Financial for Softwaretest Engineer in India?

MSCI	₹18.3 Lakhs to ₹23.0 Lakhs per year
TSYS\|Total System Services	₹13.8 Lakhs to ₹28.0 Lakhs per year
JPMorgan Chase & Co.	₹12.7 Lakhs to ₹27.5 Lakhs per year
ICE Data Services	₹10.0 Lakhs to ₹18.0 Lakhs per year
Empower Retirement	₹9.0 Lakhs to ₹14.7 Lakhs per year

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

What is the salary of a Softwaretest Engineer in companies similar to JM Financial in India?

The salary of a Softwaretest Engineer at companies similar to JM Financial in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Wells Fargo	₹4.5 Lakhs to ₹13.0 Lakhs per year
Aditya Birla Capital	₹2.0 Lakhs to ₹11.0 Lakhs per year
Sharekhan	₹4.0 Lakhs to ₹7.0 Lakhs per year
Motilal Oswal Financial Services	₹2.4 Lakhs to ₹9.0 Lakhs per year
Equiniti	₹4.2 Lakhs to ₹7.0 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 Softwaretest Engineer at JM Financial in India?

The salary growth for a Softwaretest Engineer at JM Financial depends on factors such as experience, performance, and promotions. On average, a Softwaretest Engineer can expect the following growth trajectory at JM Financial:

Experience	Average Salary Range
3 years	₹5.3 Lakhs to ₹11.6 Lakhs per year
4 years	₹6.0 Lakhs to ₹8.0 Lakhs per year
5 years	₹6.0 Lakhs to ₹8.7 Lakhs per year
6 years	₹2.7 Lakhs to ₹8.7 Lakhs per year

and so on.

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JM Financial Softwaretest Engineer Salaries

JM Financial Softwaretest Engineer salary in India ranges between ₹5.3 Lakhs to ₹8.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 7 JM Financial latest salaries received from various employees of JM Financial.