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MasterCard Software Engineer Level 1 salaries in India (Updated 2025)

Annual salary range
0 - 4 years exp.
₹7.1 Lakhs - ₹15.2 Lakhs
Salary of majority employees
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16% more than the average Software Engineer Level 1 Salary in FinTech Companies for 0 - 4 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Engineering - Software & QA
Software Engineer Level 1 Salary
0 - 4 years exp. (34 salaries)
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₹7.1 L/yr - ₹15.2 L/yr

Research & Development
Software Engineer Level 1 Salary
0 - 1 year exp. (AmbitionBox Estimate)
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₹9.9 L/yr - ₹10.2 L/yr

Last Updated: 14 Mar 2025

Companies similar to MasterCard for Software Engineer Level 1

Company name Avg Annual Salary Open Jobs
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HighRadius Software Engineer Level 1 Salary

2 - 4 years exp. (122 salaries)

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₹7 L/yr - ₹17.2 L/yr

arrow icon 2% more
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PayPal Software Engineer Level 1 Salary

1 - 3 years exp. (31 salaries)

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₹12.1 L/yr - ₹25 L/yr

arrow icon 66% more
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Paytm Software Engineer Level 1 Salary

0 - 3 years exp. (10 salaries)

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₹9 L/yr - ₹16 L/yr

arrow icon 8% more
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₹8.5 L/yr - ₹11 L/yr

arrow icon 16% less
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MAQ Software Software Engineer Level 1 Salary

0 - 3 years exp. (601 salaries)

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₹5 L/yr - ₹13.7 L/yr

arrow icon 16% less
Software Engineer Level 1 salary at MasterCard ranges between ₹7.1 Lakhs to ₹15.2 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 38 latest salaries received from various employees of MasterCard.

Latest annual salaries shared by MasterCard Software Engineer Level 1

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Experience wise MasterCard Software Engineer Level 1 salaries

Last Updated: 14 Mar 2025

Experience Avg Annual Salary
Fresher  (3 salaries)

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₹10.2 L/yr - ₹12 L/yr
1 year  (9 salaries)

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₹8.4 L/yr - ₹14.1 L/yr
2 years  (13 salaries)

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₹7.1 L/yr - ₹15.2 L/yr
3 years  (10 salaries)

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₹10 L/yr - ₹15 L/yr
4 years  (3 salaries)

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₹9.1 L/yr - ₹11.5 L/yr
MasterCard Software Engineer Level 1 Salary and Career Growth

From

To

Software Engineer Level 1

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0 - 4 years exp.

Technical Lead

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9 - 15 years exp.

Software Engineer Level 1

0 - 4 years exp.
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Software Engineer2

2 - 8 years exp.
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arrow icon 65% hike

Senior Software Engineer

4 - 15 years exp.
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arrow icon 61% hike

From

To

Software Engineer Level 1

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0 - 4 years exp.

Lead Software Engineer

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9 - 16 years exp.

Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

Similar Designation salaries in MasterCard

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₹24 L/yr - ₹57.5 L/yr
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₹9.2 L/yr - ₹25.2 L/yr
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₹11.18 L/yr - ₹31 L/yr
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₹7.14 L/yr - ₹30 L/yr
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₹11.32 L/yr - ₹36.5 L/yr
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₹32 L/yr - ₹60 L/yr
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₹15.14 L/yr - ₹28 L/yr
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₹13.82 L/yr - ₹35 L/yr
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₹9.72 L/yr - ₹32.34 L/yr
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₹7.3 L/yr - ₹16 L/yr

Top skills at MasterCard for Software Engineer Level 1

Information Security Corporate Security Information Security Design Development Information Technology Agile Methodology Software Solutions Business Solutions Information Technology Javascript Remote Sensing Python Backend SQL Hobbing Machine

Salary related reviews for MasterCard

2.6

Rated by 2 employees for salary & benefits

Full Time

 · 

Project & Program Management Department

5.0
  •  posted on 10 Dec 2022

5.0
 for  Salary and Benefits

Likes

Great company to work for. Policies are employee centric and benefits are great. Flexible in timing, have good Bonus and stock options for high performer. Medical insurance is 3 times of most companies, Term insurance is 3 time of your CTC, 37 annual leaves, 15 public leaves, 16 weeks paternity and 6month maternity leave. Development plan to build your own career and guidance move into technology or jobs role you want to move to

read more
  • Salary - Excellent
  • +6 more

Dislikes

None

Full Time

 · 

Engineering - Software & QA Department

4.0
  •  posted on 02 May 2022

4.0
 for  Salary and Benefits

Likes

...olicies are employee friendly. 3) Paternity leave is equal to maternity leave. 4) Insurance and salary structure is good. 5) Variable is always above 100%. 6) Hike and share rewards are good.

read more
  • Salary - Good
  • +5 more

Dislikes

1) Management is rigid and not ready to accept change. 2) existing people have their own groups and are dominating. 3) Managers doesn't appriciate and value real work.

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

Discover interview dos and don'ts from real experiences

MasterCard Software Engineer Level 1 Salary FAQs

What is the salary of Software Engineer Level 1 at MasterCard ?
The average salary of a Software Engineer Level 1 at MasterCard in India typically ranges from ₹7.1 Lakhs to ₹15.2 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Software Engineer Level 1 at MasterCard earn more than ₹14.0 Lakhs per year, and the top 1% earn over ₹15.2 Lakhs per year. Software Engineer Level 1 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 30+ MasterCard employees in India.
What is the estimated take home salary of a Software Engineer Level 1 at MasterCard in India?
The estimated take-home salary of a Software Engineer Level 1 at MasterCard in India typically ranges from ₹81,906 to ₹84,042 per month. This is based on the average salary range of ₹7.1 Lakhs to ₹15.2 Lakhs per year for employees with experience ranging from Fresher to 4 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 30+ 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 Engineer Level 1 at MasterCard ?
To be a Software Engineer Level 1 at MasterCard in india, the key skills required include:

  • - Information Security
  • - Corporate Security
  • - Information Security
  • - Design Development
  • - Information Technology

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 Engineer Level 1 in India?
PayPal ₹12.1 Lakhs to ₹25.0 Lakhs per year
Paytm ₹9.0 Lakhs to ₹16.0 Lakhs per year
HighRadius ₹7.0 Lakhs to ₹17.2 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 Engineer Level 1 in companies similar to MasterCard in India?
The salary of a Software Engineer Level 1 at companies similar to MasterCard in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Global Payments ₹8.5 Lakhs to ₹11.0 Lakhs per year
MAQ Software ₹5.0 Lakhs to ₹13.7 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 Level 1 at MasterCard in India?
The salary growth for a Software Engineer Level 1 at MasterCard depends on factors such as experience, performance, and promotions. On average, a Software Engineer Level 1 can expect the following growth trajectory at MasterCard:

Experience Average Salary Range
Fresher ₹10.2 Lakhs to ₹12.0 Lakhs per year
1 year ₹8.4 Lakhs to ₹14.1 Lakhs per year
2 years ₹7.1 Lakhs to ₹15.2 Lakhs per year
3 years ₹10.0 Lakhs to ₹15.0 Lakhs per year
and so on.

Tell us how to improve this page.

MasterCard Software Engineer Level 1 salary in India ranges between ₹7.1 Lakhs to ₹15.2 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 38 MasterCard latest salaries received from various employees of MasterCard.