Bank of America Software Engineer Salary

IQ Team
Written by IQ Team
IQ Team
Published March 24, 2022
Estimated reading time: 7 minutes
Table of contents

$126,711

Average Base Salary

$117,087

Average Total Compensation

Min: $88K
Max: $190K
Base Salary
Median: $122K
Mean (Average): $127K
Data points: 118
Min: $6K
Max: $233K
Total Compensation
Median: $116K
Mean (Average): $117K
Data points: 114
The average base salary for a Software Engineer at Bank Of America Merrill Lynch is $126,711
based on 118 data points.
Adjusting the average for more recent salary data points, the average recency weighted base salary is $127,082.

The estimated average total compensation is $117,087
based on 114 data points.
The average recency weighted total compensation is $114,522.

View the full Software Engineer at Bank Of America Merrill Lynch interview guide

Normalized Bank of America Software Engineer Salaries


Average total compensation
0% - Low
15%85%
Cost of living
0% - Low
15%85%
Years of experience
0% - Low
15%85%

The average base salary for Software Engineer at Bank Of America Merrill Lynch is in the top 63% compared to all other companies salaries.

The average base salary for Software Engineer at Bank Of America Merrill Lynch is $126,711 while the average Software Engineer base salary is $116,059.

If we normalize the salaries at Bank Of America Merrill Lynch by the cost of living, then the average base salary for Software Engineer at Bank Of America Merrill Lynch is in the top 56% compared to all other companies.

If we normalize the salaries at Bank Of America Merrill Lynch by the years of experience, then the average base salary for Software Engineer at Bank Of America Merrill Lynch is in the top 69% compared to all other companies.

Bank of America Software Engineer Salary by Seniority Levels

Executive*
$62K
$137K
Executive
Median: $110K
Mean (Average): $102K
Data points: 3
Manager
$116K
$215K
Manager
Median: $148K
Mean (Average): $160K
Data points: 12
Senior
$110K
$190K
Senior
Median: $144K
Mean (Average): $145K
Data points: 34
Mid-Level
$99K
$158K
Mid-Level
Median: $122K
Mean (Average): $127K
Data points: 35
Entry Level
$58K
$108K
Entry Level
Median: $94K
Mean (Average): $89K
Data points: 11
Base salary
Median
Mean (Average)
* = Low confidence (less than 5 data points)

Seniority can increase the pay of a Software Engineer at Bank Of America Merrill Lynch. Here are the base salaries of a Software Engineer at Bank Of America Merrill Lynch grouped into 5 seniority categories.

Bank of America Software Engineer Salary Compared to other Positions

Data Analyst
$96K
$241K
Data Analyst
Median: $175K
Mean (Average): $170K
Data points: 5
Product Manager
$91K
$229K
Product Manager
Median: $143K
Mean (Average): $158K
Data points: 6
Data Engineer
$96K
$177K
Data Engineer
Median: $139K
Mean (Average): $132K
Data points: 5
Data Scientist
$99K
$169K
Data Scientist
Median: $130K
Mean (Average): $128K
Data points: 15
Software Engineer
$88K
$190K
Software Engineer
Median: $122K
Mean (Average): $127K
Data points: 118
Growth Marketing Analyst*
$124K
Growth Marketing Analyst
Median: $124K
Mean (Average): $124K
Data points: 1
Business Analyst*
$96K
$136K
Business Analyst
Median: $128K
Mean (Average): $119K
Data points: 3
Base salary
Median
Mean (Average)
* = Low confidence (less than 5 data points)

Most data science positions fall under different position titles depending on the actual role.

From the graph we can see that on average the Data Analyst role pays the most with a $170,200 base salary while the Business Analyst role on average pays the least with a $119,000 base salary.

Top Cities for Bank of America Software Engineer Salaries

Boston, MA*
$152K
Boston, MA
Median: $152K
Mean (Average): $152K
Data points: 1
Denver, CO*
$150K
Denver, CO
Median: $150K
Mean (Average): $150K
Data points: 1
San Francisco, CA
$134K
$152K
San Francisco, CA
Median: $152K
Mean (Average): $148K
Data points: 5
Chicago, IL
$119K
$150K
Chicago, IL
Median: $143K
Mean (Average): $139K
Data points: 5
New York, NY
$94K
$200K
New York, NY
Median: $120K
Mean (Average): $133K
Data points: 47
London, United Kingdom
$71K
$160K
London, United Kingdom
Median: $159K
Mean (Average): $128K
Data points: 5
Jacksonville, FL*
$124K
Jacksonville, FL
Median: $124K
Mean (Average): $124K
Data points: 1
Charlotte, NC
$89K
$145K
Charlotte, NC
Median: $120K
Mean (Average): $120K
Data points: 26
Dallas, TX
$86K
$166K
Dallas, TX
Median: $109K
Mean (Average): $119K
Data points: 17
Philadelphia, PA
$95K
$141K
Philadelphia, PA
Median: $118K
Mean (Average): $118K
Data points: 6
Seattle, WA*
$116K
Seattle, WA
Median: $116K
Mean (Average): $116K
Data points: 1
Dublin, Ireland*
$57K
Dublin, Ireland
Median: $57K
Mean (Average): $57K
Data points: 1
Base salary
Median
Mean (Average)
* = Low confidence (less than 5 data points)

The Software Engineer salary in Boston, MA is the highest paying salary with a $152,000 average base salary. The Software Engineer salary in Dublin, Ireland is the lowest paying salary with $57,000 average base salary.

Bank of America Software Engineer Salary Compared to other Companies

Netflix
$200K
$714K
Netflix
Median: $475K
Mean (Average): $482K
Data points: 242
Roku Inc.
$134K
$425K
Roku Inc.
Median: $275K
Mean (Average): $286K
Data points: 156
Smartnews
$210K
$324K
Smartnews
Median: $220K
Mean (Average): $242K
Data points: 5
Chan Zuckerberg Initiative
$166K
$270K
Chan Zuckerberg Initiative
Median: $230K
Mean (Average): $222K
Data points: 10
Noom
$158K
$250K
Noom
Median: $220K
Mean (Average): $214K
Data points: 6
Roblox
$142K
$327K
Roblox
Median: $196K
Mean (Average): $207K
Data points: 78
Pdt Partners
$180K
$229K
Pdt Partners
Median: $200K
Mean (Average): $206K
Data points: 5
Gemini
$165K
$239K
Gemini
Median: $214K
Mean (Average): $204K
Data points: 12
Chime
$165K
$248K
Chime
Median: $200K
Mean (Average): $200K
Data points: 28
Jane Street
$135K
$280K
Jane Street
Median: $200K
Mean (Average): $197K
Data points: 13
Wepay
$148K
$294K
Wepay
Median: $190K
Mean (Average): $196K
Data points: 33
Cruise Automation, Inc.
$140K
$278K
Cruise Automation, Inc.
Median: $190K
Mean (Average): $196K
Data points: 117
Mckinsey & Company
$107K
$240K
Mckinsey & Company
Median: $200K
Mean (Average): $194K
Data points: 145
Airbnb
$130K
$254K
Airbnb
Median: $197K
Mean (Average): $194K
Data points: 291
Bank Of America Merrill Lynch
$88K
$190K
Bank Of America Merrill Lynch
Median: $122K
Mean (Average): $127K
Data points: 118
Base salary
Median
Mean (Average)
* = Low confidence (less than 5 data points)
1
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The Software Engineer at Netflix salary is the highest paying salary with a $482,214 average base salary. The Software Engineer at Healthedge salary is the lowest paying salary with $41,374 average base salary.
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