JPMorgan Chase & Co. Mumbai Software Developer 1 Salaries by 10 Employees (Updated 2025)

0 - 3 years exp.

₹10 Lakhs - ₹23 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

122% more than the average Software Developer 1 Salary in Financial Services Companies for 0 - 3 years of experience

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Salaries in different departments

Engineering - Software & QA Software Developer 1 Salary 1 - 3 years exp. (6 salaries)	₹10 L/yr - ₹23 L/yr
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IT & Information Security Software Developer 1 Salary 2 - 3 years exp. (AmbitionBox Estimate)	₹13 L/yr - ₹13.8 L/yr

Last Updated: 2 Apr 2025

Companies similar to JPMorgan Chase & Co. for Software Developer 1 in Mumbai

JPMorgan Chase & Co. Software Developer 1 Salary

0 - 3 years exp. (10 salaries)

₹10 L/yr - ₹23 L/yr

Company name	Avg Annual Salary	Open Jobs
Morgan Stanley Software Developer 1 Salary 3 - 5 years exp. (3 salaries)	₹4.9 L/yr - ₹14.2 L/yr 28% less
Jio Platforms Software Developer 1 Salary 0 - 3 years exp. (13 salaries)	₹5 L/yr - ₹9 L/yr 61% less
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TCS Software Developer 1 Salary 1 - 5 years exp. (10 salaries)	₹2.6 L/yr - ₹8.5 L/yr 66% less
Jio Software Developer 1 Salary 1 - 4 years exp. (7 salaries)	₹5 L/yr - ₹8.9 L/yr 54% less
Vistex Asia Pacific Software Developer 1 Salary 2 - 4 years exp. (5 salaries)	₹6.9 L/yr - ₹9.5 L/yr 51% less

Software Developer 1 salary at JPMorgan Chase & Co. ranges between ₹10 Lakhs to ₹23 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 10 latest salaries received from various employees of JPMorgan Chase & Co..

Latest annual salaries shared by JPMorgan Chase & Co. Software Developer 1 in Mumbai

1w ago

₹13 Lakhs

3 years exp.

2mo ago

₹16.5 Lakhs

2 years exp.

5mo ago

₹10 Lakhs

3 years exp.

6mo ago

₹20 Lakhs

3 years exp.

7mo ago

₹20 Lakhs

2 years exp.

7mo ago

2 years exp.

8mo ago

1 year exp.

1y ago

2 years exp.

1y ago

3 years exp.

Experience wise JPMorgan Chase & Co. Software Developer 1 salaries in Mumbai

Last Updated: 2 Apr 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹14.1 L/yr - ₹18 L/yr
1 year (AmbitionBox Estimate)	₹14 L/yr - ₹17.9 L/yr
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2 years (4 salaries)	₹13 L/yr - ₹20 L/yr
3 years (4 salaries)	₹10 L/yr - ₹23 L/yr

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Salary related reviews for JPMorgan Chase & Co.

Team Lead in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

4.0

• posted on 01 Mar 2025

5.0

for Salary and Benefits

Likes

...balanced, at times one may need to stretch, but organization never encourage it. Salary at par, and great perks given too.

Salary - Excellent

+6 more

Dislikes

No wfh option available with the recent changes announced by the top management. However flexibility will be given based on personal requirements, fingers crossed.

Senior Associate in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

4.0

• posted on 16 Dec 2024

4.0

for Salary and Benefits

Likes

... repetitive work . One can manage and make a balance in personal and work stuff. Salary is good if you negotiate good at the time of joining. Later it becomes stagnant ( bonus is good )

Salary - Good

+2 more

Dislikes

Work , skill development , self growth is quite difficult as mostly old technologies are running since years . Senior monopoly. Very less scope for new comer to learn , implement new things , gives ideas and growth . Few people sitting since inception at senior level , they do not move resulting impacting your growth .

Skill development - Bad

+2 more

Technical Lead in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

5.0

• posted on 17 Jul 2024

4.0

for Salary and Benefits

Likes

Its a good mix of work culture and ethnicity. I do like the new age set of workplace and people to work with. Happy to be here

Salary - Good

+6 more

Dislikes

Well from my line of business the pay isnt that great but it isnt mediocre either. I would say you will be pleased. And that is the only con as of now

Senior Associate in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

3.0

• posted on 19 Jun 2024

2.0

for Salary and Benefits

Likes

Flexibility at work, Latest tech, You can learn development if you are at automation work, Managers are good, but ? Job security if you work good.

Job security - Good

+2 more

Dislikes

Salary is less, Promotion could be delayed, Work without salary hike and Promotions.

Salary - Poor

+1 more

Senior Software Engineer in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

4.0

• posted on 20 May 2024

4.0

for Salary and Benefits

Likes

Good Work Culture Work Life Balance is Good Joining Package is good You have the freedom to express your views and provide your input Works on latest tech. Very active on picking up latest tech to the project.

Salary - Good

+5 more

Dislikes

-Hike are average -Employees who are not working good or are too bad both in personality as well as professionality are given way too much leniency which makes it very tough for other employees who are trying to do good for the project. -Office politics are fairly visible from the onshore US teams.

Promotions - Poor

see more salary related reviews

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What people are saying about JPMorgan Chase & Co.

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wolflone

works at

JPMorgan Chase & Co.

Advise Needed - Staying vs leaving

I have an offer from Morgan Stanley since I wasn’t happy with my career trajectory in my current organisation - JPMC. After tendering my resignation, the management reached out to me trying to convince why leave JPM you’ve spent a lot of time here. Take a move internally etc. Now I’m selected and they are matching the offer I had from MS. What should be the best course of action for me? JPM is offering me a product role but under the same manager - I don’t wish to be under him. MS offers me a role in product operation and the team is expected to grow. What do I choose?

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JPMorgan Chase & Co. Software Developer 1 Salary FAQs

What is the salary of Software Developer 1 at JPMorgan Chase & Co. in Mumbai?

The average salary of a Software Developer 1 at JPMorgan Chase & Co. in Mumbai typically ranges from ₹10.0 Lakhs to ₹23.0 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Software Developer 1 in Mumbai at JPMorgan Chase & Co. earn more than ₹21.5 Lakhs per year, and the top 1% earn over ₹23.0 Lakhs per year. Software Developer 1 Salaries at JPMorgan Chase & Co. 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 JPMorgan Chase & Co. employees in India.

What is the estimated take home salary of a Software Developer 1 at JPMorgan Chase & Co. in Mumbai?

The estimated take-home salary of a Software Developer 1 at JPMorgan Chase & Co. in Mumbai typically ranges from ₹1,06,259 to ₹1,09,183 per month. This is based on the average salary range of ₹10.0 Lakhs to ₹23.0 Lakhs per year for employees with experience ranging from Fresher to 3 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 JPMorgan Chase & Co.. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Software Developer 1 in companies similar to JPMorgan Chase & Co. in Mumbai?

The salary of a Software Developer 1 at companies similar to JPMorgan Chase & Co. in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Morgan Stanley	₹4.9 Lakhs to ₹14.2 Lakhs per year
Vistex Asia Pacific	₹6.9 Lakhs to ₹9.5 Lakhs per year
Jio	₹5.0 Lakhs to ₹8.9 Lakhs per year
Jio Platforms	₹5.0 Lakhs to ₹9.0 Lakhs per year
TCS	₹2.6 Lakhs to ₹8.5 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 Developer 1 at JPMorgan Chase & Co. in Mumbai?

The salary growth for a Software Developer 1 at JPMorgan Chase & Co. in Mumbai depends on factors such as experience, performance, and promotions. On average, a Software Developer 1 in Mumbai can expect the following growth trajectory at JPMorgan Chase & Co.:

Experience	Average Salary Range
Fresher	₹14.1 Lakhs to ₹18.0 Lakhs per year
1 year	₹14.0 Lakhs to ₹17.9 Lakhs per year
2 years	₹13.0 Lakhs to ₹20.0 Lakhs per year
3 years	₹10.0 Lakhs to ₹23.0 Lakhs per year

and so on.

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JPMorgan Chase & Co. Software Developer 1 Salaries in Mumbai

JPMorgan Chase & Co. Software Developer 1 salary in Mumbai ranges between ₹10 Lakhs to ₹23 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 JPMorgan Chase & Co. latest salaries received from various employees of JPMorgan Chase & Co..