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 (2–5 yrs)
- ₹6 LPA
- Experienced (5+ yrs)
- ₹15–35 LPA
Pay breakdown by experience
Software Engineer compensation at each career stage in Mumbai.
| Level | Years | Range | Notes |
|---|---|---|---|
| Entry / Fresher | 0–2 | ₹4–8 LPA | Campus hires, trainees |
| Junior / Mid | 2–5 | ₹6 LPA | After 2–3 appraisals + job switch |
| Senior / Lead | 5–10 | ₹15–35 LPA | With specialisation + leadership |
| Manager / Principal | 10+ | Varies | ESOPs in product companies |
Who’s hiring
Companies actively hiring software engineers in Mumbai.
TCSAccentureCapgeminiJP MorganGoldman SachsMorgan StanleyD.E. Shaw
Skills that raise your pay
JavaPythonC++SQLSpring BootMicroservicesAWSGit
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