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MasterCard Software Development Engineer salaries in India (Updated 2025)

Annual salary range
0 - 7 years exp.
₹6.6 Lakhs - ₹21 Lakhs
Salary of majority employees
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Fixed (96%)
₹13.8 Lakhs
Variable (4%)
₹0.6 Lakh
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At par with the average Software Development Engineer Salary in FinTech Companies for 0 - 7 years of experience

Interested in this particular role? 1 job opening

Last Updated: 20 Mar 2025

Companies similar to MasterCard for Software Development Engineer

Company name Avg Annual Salary Open Jobs
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Fiserv Software Development Engineer Salary

1 - 9 years exp. (229 salaries)

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₹6 L/yr - ₹20.5 L/yr

arrow icon 5% less
5 job openings
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Razorpay Software Development Engineer Salary

0 - 4 years exp. (87 salaries)

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₹8 L/yr - ₹32 L/yr

arrow icon 25% more
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Paytm Software Development Engineer Salary

0 - 3 years exp. (72 salaries)

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₹7.3 L/yr - ₹23.5 L/yr

arrow icon 6% less
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PayPal Software Development Engineer Salary

0 - 8 years exp. (18 salaries)

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₹12 L/yr - ₹40 L/yr

arrow icon 70% more
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PhonePe Software Development Engineer Salary

1 - 5 years exp. (16 salaries)

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₹12 L/yr - ₹38 L/yr

arrow icon 92% more
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₹8 L/yr - ₹24 L/yr

arrow icon 23% more
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Rupeek Software Development Engineer Salary

0 - 2 years exp. (10 salaries)

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₹7 L/yr - ₹20 L/yr

arrow icon 15% less
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₹8 L/yr - ₹28 L/yr

arrow icon 22% more
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Visa Software Development Engineer Salary

0 - 4 years exp. (9 salaries)

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₹15 L/yr - ₹34 L/yr

arrow icon 48% more
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₹17 L/yr - ₹25.7 L/yr

arrow icon 35% more
1 job opening
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₹9 L/yr - ₹17 L/yr

arrow icon 15% less
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₹12.9 L/yr - ₹12.9 L/yr

arrow icon 10% less
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₹6.9 L/yr - ₹8.9 L/yr

arrow icon 44% less
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₹2.5 L/yr - ₹7.2 L/yr

arrow icon 69% less
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₹7.2 L/yr - ₹22 L/yr

arrow icon 14% more
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₹2.7 L/yr - ₹3.5 L/yr

arrow icon 79% less
Software Development Engineer salary at MasterCard ranges between ₹6.6 Lakhs to ₹21 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 73 latest salaries received from various employees of MasterCard.

Latest annual salaries shared by MasterCard Software Development Engineer

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Experience wise MasterCard Software Development Engineer salaries

Last Updated: 20 Mar 2025

Experience Avg Annual Salary
Fresher  (3 salaries)

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₹11 L/yr - ₹16.8 L/yr
1 year  (8 salaries)

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₹10 L/yr - ₹20.1 L/yr
2 years  (12 salaries)

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₹9.3 L/yr - ₹21 L/yr
3 years  (16 salaries)

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₹6.6 L/yr - ₹20.4 L/yr
4 years  (10 salaries)

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₹6.6 L/yr - ₹25.6 L/yr
View all

Similar Designation salaries in MasterCard

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₹6.8 L/yr - ₹26.54 L/yr
Software Engineer Salary
(250 salaries)
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₹6.25 L/yr - ₹22.8 L/yr
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₹13.58 L/yr - ₹46 L/yr
Project Engineer Salary
(AmbitionBox Estimate)
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₹7.2 L/yr - ₹9.2 L/yr
System Engineer Salary
(13 salaries)
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₹7.51 L/yr - ₹14.6 L/yr
Senior Engineer Salary
(84 salaries)
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₹9.65 L/yr - ₹26.5 L/yr
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₹14 L/yr - ₹25 L/yr
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₹4 L/yr - ₹13 L/yr
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₹15.8 L/yr - ₹20.1 L/yr
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₹20 L/yr - ₹57.5 L/yr

Top skills at MasterCard for Software Development Engineer

Software Development Java Software Engineering Software Development Software Engineering Design Patterns Javascript Spring Boot .NET Web Technologies Front End SQL Automation Testing Troubleshooting Information Technology

Salary related reviews for MasterCard

4.3

Rated by 5 employees for salary & benefits

Full Time

 · 

Engineering - Software & QA Department

4.0
  •  posted on 08 May 2022

3.0
 for  Salary and Benefits

Likes

I am working since 7yrs in Mastercard The company policies, work culture are good. You can easily do internal job change and career movement. Overa it's good experience.

read more
  • Skill development - Good
  • +5 more

Dislikes

Salary hike is not enough as compared with other companies.

Engineering - Software & QA Department

3.0
  •  posted on 19 May 2018

3.0
 for  Salary and Benefits

Likes

Job security was best a year back but the company has started to go for third party vendors to get job done so it has reduced number of employees being hired on company payroll drastically. It has best facilities in terms of no of leaves ,maternity leaves, paternity leaves,medical insurance , term insurance , travel insurance policies. Work life balance depends on a project that you are working. Work from home facilities available with prior manager approvals.

read more
  • Job security - Good
  • +2 more

Dislikes

...ducts which could help Freshers or new joiners to learn product domain faster. Salary: Salary for new joiners is on the basis of the position they are applying for. They have certain salary band for each position. you may be given low/mid/high depending your current CTC. Appraisal:They are following a stack ranking for comparing performance of same position ed individuals in a team. Percentage of appraisal varies from max 15% to 0% , 0% for 4 rated individuals whrere 1 rating means exceeds expectations and 4 being partially met. Have seen lot of politics and favourism being done by managers.Overall I would say it's a good company for new joiners. In this company your position is everything in terms of your CTC.

read more

Full Time

 · 

Finance & Accounting Department

1.0
  •  posted on 23 Sep 2024

4.0
 for  Salary and Benefits

Likes

They offer best compensation in industry

  • Salary - Good

Dislikes

Politically driven BFC in Gurgaon where couple of directors are driving a culture of favouritism and who would like to throw team members under the bus rather than owing to their own mistakes.

read more
  • Job security - Bad
  • +4 more

Full Time

 · 

Data Science & Analytics Department

4.0
  •  posted on 16 Jun 2023

3.0
 for  Salary and Benefits

Likes

There is job security and perks are better than most other companies in the same sector.

  • Job security - Excellent
  • +1 more

Dislikes

However, compared to It's direct competitors it's compensation is low.. No work from home is allowed for long term and this lack of flexibility is a serious disadvantage..

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  • Skill development - Poor
  • +1 more

Full Time

 · 

Engineering - Software & QA Department

1.0
  •  posted on 13 Jun 2022

1.0
 for  Salary and Benefits

Likes

Work life balance Thats it nothing else

  • Work-life balance - Good

Dislikes

1. Salary compared to 2000’s paycheck, and as per HR it’s market standard 2. Like a big MNC which thinks india as a hub for less money will work 24*7 3. Won’t fire anyone but would make scenarios as such that the employee would eventually leave 4. No retain policy, as they think MasterCard is a brand anyone would die to replace you. ( 5-6 position have been closed in a year as no one joined as replacement this is the brand value) 5. Acquires small companies and then treat their employees as step employees

read more
  • Salary - Bad
  • +4 more
see more salary related reviews

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MasterCard Software Development Engineer Salary FAQs

What is the salary of Software Development Engineer at MasterCard ?
The average salary of a Software Development Engineer at MasterCard in India typically ranges from ₹6.6 Lakhs to ₹21.0 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Software Development Engineer at MasterCard earn more than ₹17.1 Lakhs per year, and the top 1% earn over ₹20.9 Lakhs per year. Software Development Engineer Salaries at MasterCard 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 70+ MasterCard employees in India.
What is the estimated take home salary of a Software Development Engineer at MasterCard in India?
The estimated take-home salary of a Software Development Engineer at MasterCard in India typically ranges from ₹99,947 to ₹1,02,667 per month. This is based on the average salary range of ₹6.6 Lakhs to ₹21.0 Lakhs per year for employees with experience ranging from Fresher to 7 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 70+ salaries received from various employees of MasterCard. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Software Development Engineer at MasterCard ?
To be a Software Development Engineer at MasterCard in india, the key skills required include:

  • - Software Development
  • - Java
  • - Software Engineering
  • - Software Development
  • - Software Engineering

These skills are highly valued at MasterCard and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than MasterCard for Software Development Engineer in India?
PhonePe ₹12.0 Lakhs to ₹38.0 Lakhs per year
PayPal ₹12.0 Lakhs to ₹40.0 Lakhs per year
Visa ₹15.0 Lakhs to ₹34.0 Lakhs per year
BankBazaar ₹17.0 Lakhs to ₹25.7 Lakhs per year
Razorpay ₹8.0 Lakhs to ₹32.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by MasterCard, depending on the role and experience level.
What is the salary of a Software Development Engineer in companies similar to MasterCard in India?
The salary of a Software Development Engineer at companies similar to MasterCard in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

PayU Payments ₹8.0 Lakhs to ₹24.0 Lakhs per year
Angel One ₹8.0 Lakhs to ₹28.0 Lakhs per year
Global Payments ₹7.2 Lakhs to ₹22.0 Lakhs per year
Fiserv ₹6.0 Lakhs to ₹20.5 Lakhs per year
Paytm ₹7.3 Lakhs to ₹23.5 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 Development Engineer at MasterCard in India?
The salary growth for a Software Development Engineer at MasterCard depends on factors such as experience, performance, and promotions. On average, a Software Development Engineer can expect the following growth trajectory at MasterCard:

Experience Average Salary Range
Fresher ₹11.0 Lakhs to ₹16.8 Lakhs per year
1 year ₹10.0 Lakhs to ₹20.1 Lakhs per year
2 years ₹9.3 Lakhs to ₹21.0 Lakhs per year
3 years ₹6.6 Lakhs to ₹20.4 Lakhs per year
and so on.

Tell us how to improve this page.

MasterCard Software Development Engineer salary in India ranges between ₹6.6 Lakhs to ₹21 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 73 MasterCard latest salaries received from various employees of MasterCard.