MUFG Bank Mumbai Software Developer Salaries by 6 Employees (Updated 2024)

1 - 6 years exp.

₹2.5 Lakhs - ₹9.4 Lakhs

Salary of majority employees

28% less than the average Software Developer Salary in Financial Services Companies for 1 - 6 years of experience

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Last Updated: 13 Oct 2023

Companies similar to MUFG Bank for Software Developer in Mumbai

MUFG Bank Software Developer Salary

1 - 6 years exp. (6 salaries)

₹2.5 L/yr - ₹9.4 L/yr

Company name	Avg Annual Salary	Open Jobs
TCS Software Developer Salary 0 - 9 years exp. (1.3k salaries)	₹2 L/yr - ₹9.7 L/yr 10% more
Wipro Software Developer Salary 0 - 8 years exp. (146 salaries)	₹2.5 L/yr - ₹14.5 L/yr 24% more
Login to view exact salary
Accenture Software Developer Salary 0 - 7 years exp. (307 salaries)	₹3.3 L/yr - ₹14.7 L/yr 42% more	1 job opening
Capgemini Software Developer Salary 0 - 8 years exp. (360 salaries)	₹2.9 L/yr - ₹13.4 L/yr 31% more	2 job openings
Tech Mahindra Software Developer Salary 1 - 7 years exp. (170 salaries)	₹2.5 L/yr - ₹12.7 L/yr 23% more	3 job openings
Oracle Software Developer Salary 2 - 7 years exp. (13 salaries)	₹7.8 L/yr - ₹24 L/yr 194% more	34 job openings
HDFC Bank Software Developer Salary 1 - 9 years exp. (93 salaries)	₹8.2 L/yr - ₹17 L/yr 68% more
JPMorgan Chase & Co. Software Developer Salary 0 - 8 years exp. (89 salaries)	₹10.1 L/yr - ₹38.7 L/yr 286% more
Motilal Oswal Financial Services Software Developer Salary 2 - 6 years exp. (40 salaries)	₹3.3 L/yr - ₹12 L/yr 17% more
TIAA Global Business Services Software Developer Salary 1 - 6 years exp. (34 salaries)	₹7 L/yr - ₹18 L/yr 142% more
Axis Bank Software Developer Salary 0 - 4 years exp. (24 salaries)	₹3.7 L/yr - ₹12.5 L/yr 54% more
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ICICI Bank Software Developer Salary 1 - 10 years exp. (11 salaries)	₹10.4 L/yr - ₹10.7 L/yr 79% more
Kotak Mahindra Bank Software Developer Salary 1 - 6 years exp. (11 salaries)	₹8.6 L/yr - ₹22 L/yr 165% more
IndusInd Bank Software Developer Salary 0 - 8 years exp. (8 salaries)	₹6 L/yr - ₹12 L/yr 61% more
State Bank of India Software Developer Salary 3 - 7 years exp. (4 salaries)	₹11 L/yr - ₹14 L/yr 109% more

Software Developer salary at MUFG Bank ranges between ₹2.5 Lakhs to ₹9.4 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 6 latest salaries received from various employees of MUFG Bank.

Experience wise MUFG Bank Software Developer salaries in Mumbai

Last Updated: 13 Oct 2023

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.5 L/yr - ₹2.5 L/yr
2 years (AmbitionBox Estimate)	₹1.5 L/yr - ₹4 L/yr
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3 years (AmbitionBox Estimate)	₹4 L/yr - ₹8.7 L/yr
4 years (AmbitionBox Estimate)	₹2.6 L/yr - ₹8.7 L/yr
5 years (AmbitionBox Estimate)	₹7.2 L/yr - ₹9.1 L/yr
6 years (AmbitionBox Estimate)	₹3.7 L/yr - ₹9.4 L/yr

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Similar Designation salaries in MUFG Bank

Senior Associate Salary

(7 salaries)

₹4 L/yr - ₹9.6 L/yr

Salary related reviews for MUFG Bank

5.0

Rated by 1 employees for salary & benefits

Senior Associate in New Delhi

Trade finance Department

4.0

• posted on 27 Dec 2019

4.0

for Salary and Benefits

Likes

...ngs. Added benefits like life and health insurance cover. International trips. Rewards and bonus. Regular trainings and other e-learning. sophisticated and intellectual colleagues.

Dislikes

none

AVP in Mumbai

Full Time

BFSI, Investments & Trading Department

4.0

• posted on 20 Nov 2024

1.0

for Salary and Benefits

Likes

1. People are nice 2. Work life balance 3. Hybrid working

Dislikes

1. The pay is way below the market 2. No scope for growth (at all) 3. No matter the designation (ex. Director grade) you will be an individual contributor

AVP in Bangalore / Bengaluru

Full Time

Risk Management & Compliance Department

4.0

• posted on 28 Jul 2023

4.0

for Salary and Benefits

Likes

Worklife Balance Bangalore management Culture

Dislikes

No learning Too much restructuring People with less experience are being hired in senior roles with higher package. Tenured employees with less salary are not promoted

Analyst in New Delhi

Full Time

Other Department

2.0

• posted on 02 Aug 2022

1.0

for Salary and Benefits

Likes

There is job security and salary comes on time.

Dislikes

The bank has all old people working for the past 25-35 years. The average salary hike is 6% p.a. There is no work life balance. One has to sit daily at nights to complete work. If you tell the same to the management or HR, they wont take any action on the same as they support and glorify this culture themselves.

Sr.Data Analyst- SSRS SQL Server And Power BI in Bangalore / Bengaluru

Full Time

Engineering - Software & QA Department

5.0

• posted on 03 Aug 2024

5.0

for Salary and Benefits

Likes

Company and policy Hybrid working policy Salary and benefits Office transportation Car lease scheme Medical insurance Team members and manager

Dislikes

For IT professional,Office located in Bangalore only. Should have more working locations like in Pune , Mumbai ,Gujrat and Delhi.

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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MUFG Bank Software Developer Salary FAQs

What is the salary of Software Developer at MUFG Bank Mumbai?

Software Developer salary at MUFG Bank in Mumbai ranges between ₹2.5 Lakhs to ₹9.4 Lakhs for experience between 1 years to 6 years. According to our estimates it is 28% less than the average Software Developer Salary in India. Salary estimates are based on 6 latest salaries received from various employees of MUFG Bank Mumbai.

How does the salary of a Software Developer at MUFG Bank Mumbai compare with the average salary range for this job?

The average salary of a Software Developer at MUFG Bank is 28% less than the average salary of a Software Developer in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than MUFG Bank to a Software Developer in Mumbai?

JPMorgan Chase & Co. Software Developer Salary - ₹10.1 Lakhs to ₹38.7 Lakhs per year
Oracle Software Developer Salary - ₹7.8 Lakhs to ₹24.0 Lakhs per year
Kotak Mahindra Bank Software Developer Salary - ₹8.6 Lakhs to ₹22.0 Lakhs per year
TIAA Global Business Services Software Developer Salary - ₹7.0 Lakhs to ₹18.0 Lakhs per year
State Bank of India Software Developer Salary - ₹11.0 Lakhs to ₹14.0 Lakhs per year

What is the salary of a Software Developer in companies similar to MUFG Bank in Mumbai?

ICICI Bank Software Developer Salary - ₹10.4 Lakhs to ₹10.7 Lakhs per year
HDFC Bank Software Developer Salary - ₹8.2 Lakhs to ₹17.0 Lakhs per year
IndusInd Bank Software Developer Salary - ₹6.0 Lakhs to ₹12.0 Lakhs per year
Axis Bank Software Developer Salary - ₹3.7 Lakhs to ₹12.5 Lakhs per year
Accenture Software Developer Salary - ₹3.3 Lakhs to ₹14.7 Lakhs per year

What is the estimated take home salary of a Software Developer at MUFG Bank in Mumbai?

The estimated take-home salary of a Software Developer at MUFG Bank ranges between ₹44,798 per month to ₹45,892 per month in Mumbai. The take-home salary calculation is based on the average MUFG Bank Software Developer salary in India which ranges between ₹2.5 Lakhs to ₹9.4 Lakhs per year for employees with experience between 1 years to 6 years. Check how did we calculate take home salary?

What is the notice period for Software Developer at MUFG Bank in Mumbai?

According to AmbitionBox, 100% of the MUFG Bank Software Developers in Mumbai reported a notice period of 15 days or less.This is based on 1 response on AmbitionBox in last 2 years.

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MUFG Bank Software Developer Salaries in Mumbai

MUFG Bank Software Developer salary in Mumbai ranges between ₹2.5 Lakhs to ₹9.4 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 MUFG Bank latest salaries received from various employees of MUFG Bank.