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MasterCard Software Engineer2 salaries in Mumbai (Updated 2025)

Annual salary range
3 - 8 years exp.
₹11 Lakhs - ₹24 Lakhs
Salary of majority employees
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Fixed (94%)
₹17.3 Lakhs
Variable (6%)
₹1.1 Lakh
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At par with the average Software Engineer2 Salary in FinTech Companies for 3 - 8 years of experience

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Last Updated: 22 Mar 2025

Companies similar to MasterCard for Software Engineer2 in Mumbai

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MasterCard Software Engineer2 Salary

3 - 8 years exp. (28 salaries)

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₹11 L/yr - ₹24 L/yr

vs
Company name Avg Annual Salary Open Jobs
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PayPal Software Engineer2 Salary

2 - 5 years exp. (6 salaries)

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₹20 L/yr - ₹35 L/yr

arrow icon 57% more
3 job openings
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JPMorgan Chase & Co. Software Engineer2 Salary

2 - 10 years exp. (115 salaries)

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₹16.5 L/yr - ₹36 L/yr

arrow icon 39% more
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Bank of America Software Engineer2 Salary

5 - 12 years exp. (90 salaries)

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₹11 L/yr - ₹29.5 L/yr

arrow icon 15% more
5 job openings
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HERE Technologies Software Engineer2 Salary

2 - 7 years exp. (74 salaries)

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₹8 L/yr - ₹22.4 L/yr

arrow icon 12% less
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MAQ Software Software Engineer2 Salary

2 - 4 years exp. (25 salaries)

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₹9 L/yr - ₹17.3 L/yr

arrow icon 31% less
Software Engineer2 salary at MasterCard ranges between ₹11 Lakhs to ₹24 Lakhs per year for employees with experience between 3 years to 8 years. Salary estimates are based on 28 latest salaries received from various employees of MasterCard.

Latest annual salaries shared by MasterCard Software Engineer2 in Mumbai

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Experience wise MasterCard Software Engineer2 salaries in Mumbai

Last Updated: 22 Mar 2025

Experience Avg Annual Salary
3 years  (5 salaries)

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₹11 L/yr - ₹21 L/yr
4 years  (10 salaries)

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₹13.2 L/yr - ₹24 L/yr
5 years  (5 salaries)

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₹15.5 L/yr - ₹21.5 L/yr
6 years  (5 salaries)

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₹14 L/yr - ₹22.5 L/yr
7 years (AmbitionBox Estimate)

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₹18.1 L/yr - ₹23.1 L/yr
View all
MasterCard Software Engineer2 Salary and Career Growth

From

To

Software Engineer2

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2 - 8 years exp.

Technical Lead

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10 - 15 years exp.

Software Engineer2 2 - 8 years exp.
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Senior Software Engineer 4 - 15 years exp.
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arrow icon 58% hike
    Technical Lead 10 - 15 years exp.
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    arrow icon 45% hike

    From

    To

    Software Engineer2

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    2 - 8 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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    ₹22.44 L/yr - ₹42 L/yr
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    ₹6.25 L/yr - ₹22.6 L/yr
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    ₹11.75 L/yr - ₹25.12 L/yr
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    ₹9.2 L/yr - ₹15 L/yr

    Top skills at MasterCard for Software Engineer2

    Performance Testing JBoss Information Security Production Support Agile Coaching Oracle Debugging Hibernate SDLC J2EE

    Salary related reviews for MasterCard

    4.2

    Rated by 3 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

    4.0
      •  posted on 02 Oct 2021

    4.0
     for  Salary and Benefits

    Likes

    Working balance and flexible timings Managers are good and understanding Work culture is good. Lots of training materials, ebooks, tie up with plural, linked-in trainings, certifications are paid NpS is contributed by Employer Long term stock options Health and insurance policies are good

    read more
    • Salary - Good
    • +6 more

    Dislikes

    Not a good pay Master

    Engineering - Software & QA Department

    1.0
      •  posted on 25 Nov 2021

    1.0
     for  Salary and Benefits

    Likes

    - Agile practice are followed - During COVID period Friday was given as a half day

    Dislikes

    - Salary is not given according to market standards. - Notice period is 3 months - No career growth - In leave encashment you will only get basic salary components - No transport facility - Employees are asked to return to office

    read more
    • Salary - Bad
    • +4 more

    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.

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    Full Time

     · 

    Sales & Business Development Department

    4.0
      •  posted on 21 Feb 2025

    5.0
     for  Salary and Benefits

    Likes

    brand name; good salary- pays well above market (that locks in employees basically); job security; exceptional parental leave policy (both maternal and paternal); best in class health insurance (have not seen this anywhere); 20 days work from anywhere policy (can work from anywhere in the world); generally empathetic culture where people acknowledge you have a life and family and allow exceptions without the guilt trip

    read more
    • Salary - Excellent
    • +3 more

    Dislikes

    very little opportunity to create impact at scale as this company is a behemoth- policy, culture, systems- everything contributes to the general lethargy; products dont have great India market fit as Indian market has changed rapidly before Mastercard caught up (possibly cannot catch up)- this demotivates team a lot

    read more
    • Skill development - Poor
    see more salary related reviews

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    MasterCard Software Engineer2 Salary FAQs

    What is the salary of Software Engineer2 at MasterCard in Mumbai?
    The average salary of a Software Engineer2 at MasterCard in Mumbai typically ranges from ₹11.0 Lakhs to ₹24.0 Lakhs per year, depending on experience (from 3 years to 8 years).

    The top 10% of Software Engineer2 in Mumbai at MasterCard earn more than ₹22.0 Lakhs per year, and the top 1% earn over ₹24.0 Lakhs per year. Software Engineer2 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 20+ MasterCard employees in India.
    What is the estimated take home salary of a Software Engineer2 at MasterCard in Mumbai?
    The estimated take-home salary of a Software Engineer2 at MasterCard in Mumbai typically ranges from ₹1,23,471 to ₹1,27,191 per month. This is based on the average salary range of ₹11.0 Lakhs to ₹24.0 Lakhs per year for employees with experience ranging from 3 years to 8 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 20+ 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 Engineer2 at MasterCard in Mumbai?
    To be a Software Engineer2 at MasterCard in Mumbai, the key skills required include:

    • - Performance Testing
    • - JBoss
    • - Information Security
    • - Production Support
    • - Agile Coaching

    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 Engineer2 in India?
    PayPal ₹20.0 Lakhs to ₹35.0 Lakhs per year
    JPMorgan Chase & Co. ₹16.5 Lakhs to ₹36.0 Lakhs per year
    Bank of America ₹11.0 Lakhs to ₹29.5 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 Engineer2 in companies similar to MasterCard in Mumbai?
    The salary of a Software Engineer2 at companies similar to MasterCard in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

    HERE Technologies ₹8.0 Lakhs to ₹22.4 Lakhs per year
    MAQ Software ₹9.0 Lakhs to ₹17.3 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 Engineer2 at MasterCard in Mumbai?
    The salary growth for a Software Engineer2 at MasterCard in Mumbai depends on factors such as experience, performance, and promotions. On average, a Software Engineer2 in Mumbai can expect the following growth trajectory at MasterCard:

    Experience Average Salary Range
    3 years ₹11.0 Lakhs to ₹21.0 Lakhs per year
    4 years ₹13.2 Lakhs to ₹24.0 Lakhs per year
    5 years ₹15.5 Lakhs to ₹21.5 Lakhs per year
    6 years ₹14.0 Lakhs to ₹22.5 Lakhs per year
    and so on.

    Tell us how to improve this page.

    MasterCard Software Engineer2 salary in Mumbai ranges between ₹11 Lakhs to ₹24 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 28 MasterCard latest salaries received from various employees of MasterCard.