Salary Guide 2026
Software Engineer Salary in Mumbai
Mumbai combines IT services and BFSI tech roles. FinTech companies and global investment banks offer premium packages. Freshers in BFSI tech (JP Morgan, Goldman Sachs) earn ₹8–12 LPA while IT services start at ₹4–6 LPA.
Fresher (0–2 yrs)
₹4–8 LPA
Average Salary
₹6 LPA
Experienced (5+ yrs)
₹15–35 LPA
Software Engineer Salary Breakdown by Experience — Mumbai
| Experience Level | Years | Salary Range | Notes |
|---|---|---|---|
| Entry Level / Fresher | 0–2 years | ₹4–8 LPA | Campus hiring, trainee programmes |
| Junior / Mid Level | 2–5 years | ₹6 LPA (avg) | After first 2–3 appraisals + job switch |
| Senior / Lead | 5–10 years | ₹15–35 LPA | With specialisation + leadership skills |
| Manager / Principal | 10+ years | Varies by company | Significant ESOPs in product companies |
Top Companies Hiring Software Engineers in Mumbai
TCSAccentureCapgeminiJP MorganGoldman SachsMorgan StanleyD.E. Shaw
Key Skills to Earn More as a Software Engineer
JavaPythonC++SQLSpring BootMicroservicesAWSGit
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