Alvarez & Marsal Mumbai Senior Associate Salaries by 50+ Employees (Updated 2025)

2 - 7 years exp.

₹14.5 Lakhs - ₹35.6 Lakhs

Salary of majority employees

Fixed (79%)

₹17.8 Lakhs

Variable (21%)

₹4.7 Lakhs

115% more than the average Senior Associate Salary in Management Consulting Companies for 2 - 7 years of experience

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Salaries in different departments

Consulting Senior Associate Salary 2 - 5 years exp. (12 salaries)	₹15.5 L/yr - ₹35 L/yr
Strategic & Top Management Senior Associate Salary 2 - 6 years exp. (8 salaries)	₹23 L/yr - ₹35.6 L/yr
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Finance & Accounting Senior Associate Salary 2 - 5 years exp. (7 salaries)	₹18 L/yr - ₹28 L/yr
Research & Development Senior Associate Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹20.8 L/yr - ₹33 L/yr
Data Science & Analytics Senior Associate Salary 6 years exp. (AmbitionBox Estimate)	₹22.2 L/yr - ₹26.2 L/yr

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Last Updated: 13 Mar 2025

Companies similar to Alvarez & Marsal for Senior Associate in Mumbai

Alvarez & Marsal Senior Associate Salary

2 - 7 years exp. (59 salaries)

₹14.5 L/yr - ₹35.6 L/yr

Company name	Avg Annual Salary	Open Jobs
PwC Senior Associate Salary 0 - 12 years exp. (1.3k salaries)	₹8 L/yr - ₹31 L/yr 18% less	750 job openings
Willis Towers Watson Senior Associate Salary 3 - 12 years exp. (365 salaries)	₹3 L/yr - ₹9.5 L/yr 74% less
Login to view exact salary
Ernst & Young Senior Associate Salary 0 - 12 years exp. (337 salaries)	₹7.5 L/yr - ₹31 L/yr 24% less	40 job openings
BCG Senior Associate Salary 0 - 5 years exp. (105 salaries)	₹24 L/yr - ₹49 L/yr 76% more
KPMG India Senior Associate Salary 0 - 9 years exp. (92 salaries)	₹8 L/yr - ₹27 L/yr 26% less	1 job opening
VISTRA INTERNATIONAL EXPANSION Senior Associate Salary 1 - 11 years exp. (88 salaries)	₹2 L/yr - ₹7.5 L/yr 73% less
Deloitte Senior Associate Salary 1 - 8 years exp. (22 salaries)	₹7 L/yr - ₹27 L/yr 29% less	1 job opening
McKinsey & Company Senior Associate Salary 3 - 10 years exp. (12 salaries)	₹24 L/yr - ₹72 L/yr 136% more
RSM US in India Senior Associate Salary 2 - 7 years exp. (5 salaries)	₹12 L/yr - ₹19.5 L/yr 36% less	30 job openings

Senior Associate salary at Alvarez & Marsal ranges between ₹14.5 Lakhs to ₹35.6 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 59 latest salaries received from various employees of Alvarez & Marsal.

Experience wise Alvarez & Marsal Senior Associate salaries in Mumbai

Last Updated: 13 Mar 2025

Experience	Avg Annual Salary
2 years (13 salaries)	₹14.5 L/yr - ₹32 L/yr
3 years (16 salaries)	₹16 L/yr - ₹35.6 L/yr
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4 years (13 salaries)	₹15 L/yr - ₹34 L/yr
5 years (11 salaries)	₹15 L/yr - ₹35 L/yr
6 years (5 salaries)	₹18 L/yr - ₹30 L/yr
7 years (AmbitionBox Estimate)	₹22.1 L/yr - ₹28.2 L/yr

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Similar Designation salaries in Alvarez & Marsal

Associate Consultant Salary

(3 salaries)

₹18.5 L/yr - ₹25 L/yr

Top skills at Alvarez & Marsal for Senior Associate

Private Equity Private Equity Cash Flow Management Project Management Recruitment Accounting Client Management Financial Services Logistics Due Diligence Consulting Auditing Operations Healthcare

Salary related reviews for Alvarez & Marsal

Manager in Mumbai

Disputes & Investigations Department

4.0

• posted on 26 May 2021

4.0

for Salary and Benefits

Likes

The company offers a good learning and growth environment. The kind of projects that people work on are very impactful and decide the future course of action for clients. The exposure one gets is really good. Overall from a growth and learning perspective, a good place to be in. As a part of the consulting job, one gets to travel a lot. The good part about A&M is that you get to stay at the best of the places - mostly 5-star hotels and live a good life while you are traveling on projects away from your family.

Salary - Good

+5 more

Dislikes

... than not, MDs are interested in maintaining their P&L above everything else. Even though overall salaries are decent (a bit below other strategy consulting firms), the salary structure is not very employee-friendly. The variable component is way too high (30-50% of your annual fixed salary) which doesn't go well.

Work-life balance - Poor

Senior Associate in New Delhi

Full Time

IT & Information Security Department

5.0

• posted on 11 Oct 2023

4.0

for Salary and Benefits

Likes

Culture at the firm, leadership backing you to take on new challenges, always on a lookout for something different, constant push towards skill development and learning, good bonus and remuneration with respect to other consulting firms.

Salary - Good

+5 more

Dislikes

Work-life balance is not upto the expectations, constantly challenging tasks are exhausting, stay on your feet 24*7.

Senior Manager- Business Transformation Services in Client Location

Full Time

Finance & Accounting Department

5.0

• posted on 28 Dec 2022

4.0

for Salary and Benefits

Likes

People working with you would be smartest people in the industry. You will get the responsibility quickly compared to your counterparts in industry. Faster growth opportunities. Opportunities to learn about multiple functions and Industries.

Salary - Good

+5 more

Dislikes

Work hours could be long and tiring. You will be required to work on multiple things simultaneously. Poor work life balance. Good for individuals who are unmarried and like traveling to country side.

see more salary related reviews

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Alvarez & Marsal Senior Associate Salary FAQs

What is the salary of Senior Associate at Alvarez & Marsal in Mumbai?

The average salary of a Senior Associate at Alvarez & Marsal in Mumbai typically ranges from ₹14.5 Lakhs to ₹35.6 Lakhs per year, depending on experience (from 2 years to 7 years).

The top 10% of Senior Associate in Mumbai at Alvarez & Marsal earn more than ₹32.6 Lakhs per year, and the top 1% earn over ₹35.5 Lakhs per year. Senior Associate Salaries at Alvarez & Marsal 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 50+ Alvarez & Marsal employees in India.

What is the estimated take home salary of a Senior Associate at Alvarez & Marsal in Mumbai?

The estimated take-home salary of a Senior Associate at Alvarez & Marsal in Mumbai typically ranges from ₹1,45,283 to ₹1,50,716 per month. This is based on the average salary range of ₹14.5 Lakhs to ₹35.6 Lakhs per year for employees with experience ranging from 2 years to 7 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 50+ salaries received from various employees of Alvarez & Marsal. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Senior Associate at Alvarez & Marsal in Mumbai?

To be a Senior Associate at Alvarez & Marsal in Mumbai, the key skills required include:

- Private Equity
- Private Equity
- Cash Flow
- Management
- Project Management

These skills are highly valued at Alvarez & Marsal and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Alvarez & Marsal for Senior Associate in India?

McKinsey & Company	₹24.0 Lakhs to ₹72.0 Lakhs per year
BCG	₹24.0 Lakhs to ₹49.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Alvarez & Marsal, depending on the role and experience level.

What is the salary of a Senior Associate in companies similar to Alvarez & Marsal in Mumbai?

The salary of a Senior Associate at companies similar to Alvarez & Marsal in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

PwC	₹8.0 Lakhs to ₹31.0 Lakhs per year
Ernst & Young	₹7.5 Lakhs to ₹31.0 Lakhs per year
KPMG India	₹8.0 Lakhs to ₹27.0 Lakhs per year
Deloitte	₹7.0 Lakhs to ₹27.0 Lakhs per year
RSM US in India	₹12.0 Lakhs to ₹19.5 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 Senior Associate at Alvarez & Marsal in Mumbai?

The salary growth for a Senior Associate at Alvarez & Marsal in Mumbai depends on factors such as experience, performance, and promotions. On average, a Senior Associate in Mumbai can expect the following growth trajectory at Alvarez & Marsal:

Experience	Average Salary Range
2 years	₹14.5 Lakhs to ₹32.0 Lakhs per year
3 years	₹16.0 Lakhs to ₹35.6 Lakhs per year
4 years	₹15.0 Lakhs to ₹34.0 Lakhs per year
5 years	₹15.0 Lakhs to ₹35.0 Lakhs per year

and so on.

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Alvarez & Marsal Senior Associate Salaries in Mumbai

Alvarez & Marsal Senior Associate salary in Mumbai ranges between ₹14.5 Lakhs to ₹35.6 Lakhs with an average annual salary of ₹. Salary estimates are based on 59 Alvarez & Marsal latest salaries received from various employees of Alvarez & Marsal.