McKinsey & Company Associate Consultant Salaries by 50+ Employees (Updated 2025)

0 - 7 years exp.

₹18 Lakhs - ₹74 Lakhs

Salary of majority employees

304% more than the average Associate Consultant Salary in Management Consulting Companies for 0 - 7 years of experience

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Salaries in different departments

Consulting Associate Consultant Salary 4 - 7 years exp. (5 salaries)	₹37 L/yr - ₹60 L/yr
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Strategic & Top Management Associate Consultant Salary 4 - 7 years exp. (4 salaries)	₹44 L/yr - ₹70 L/yr

Last Updated: 13 Feb 2025

Companies similar to McKinsey & Company for Associate Consultant

Company name	Avg Annual Salary	Open Jobs
Bain & Company Associate Consultant Salary 0 - 4 years exp. (131 salaries)	₹13.5 L/yr - ₹43 L/yr 37% less
BCG Associate Consultant Salary 0 - 2 years exp. (56 salaries)	₹16 L/yr - ₹45 L/yr 39% less
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Accenture Associate Consultant Salary 1 - 7 years exp. (565 salaries)	₹4 L/yr - ₹13.9 L/yr 80% less
Deloitte Associate Consultant Salary 1 - 4 years exp. (210 salaries)	₹4.8 L/yr - ₹18 L/yr 75% less
KPMG India Associate Consultant Salary 0 - 7 years exp. (4.6k salaries)	₹4.5 L/yr - ₹15.9 L/yr 76% less	11 job openings
PwC Associate Consultant Salary 0 - 6 years exp. (1.7k salaries)	₹5.1 L/yr - ₹18 L/yr 73% less	4 job openings
Ernst & Young Associate Consultant Salary 0 - 6 years exp. (3.9k salaries)	₹3.4 L/yr - ₹12 L/yr 80% less	34 job openings
TCS Associate Consultant Salary 6 - 21 years exp. (29.3k salaries)	₹9 L/yr - ₹32 L/yr 52% less
Infosys Associate Consultant Salary 0 - 6 years exp. (18k salaries)	₹5 L/yr - ₹16.1 L/yr 77% less	7 job openings
Wipro Associate Consultant Salary 1 - 16 years exp. (6.9k salaries)	₹4.8 L/yr - ₹23 L/yr 68% less
Capgemini Associate Consultant Salary 0 - 7 years exp. (50.8k salaries)	₹3 L/yr - ₹11.8 L/yr 84% less	1 job opening
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ZS Associate Consultant Salary 2 - 8 years exp. (2k salaries)	₹9.3 L/yr - ₹26 L/yr 54% less	1 job opening
IBM Associate Consultant Salary 1 - 8 years exp. (480 salaries)	₹4.5 L/yr - ₹17.1 L/yr 74% less
Huron Associate Consultant Salary 0 - 5 years exp. (82 salaries)	₹4.7 L/yr - ₹11.6 L/yr 81% less	8 job openings
Gartner Associate Consultant Salary 2 - 8 years exp. (46 salaries)	₹10.2 L/yr - ₹24 L/yr 59% less
Zinnov Management Consulting Associate Consultant Salary 0 - 3 years exp. (35 salaries)	₹5 L/yr - ₹10 L/yr 81% less
Korn Ferry Associate Consultant Salary 1 - 4 years exp. (24 salaries)	₹6 L/yr - ₹23.6 L/yr 69% less
Frost & Sullivan Associate Consultant Salary 0 - 3 years exp. (26 salaries)	₹4.2 L/yr - ₹7.5 L/yr 86% less
The Hackett Group Associate Consultant Salary 1 - 3 years exp. (24 salaries)	₹4.6 L/yr - ₹7 L/yr 86% less	1 job opening
Kearney Associate Consultant Salary 0 - 7 years exp. (14 salaries)	₹24 L/yr - ₹65 L/yr 9% more

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Associate Consultant salary at McKinsey & Company ranges between ₹18 Lakhs to ₹74 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 55 latest salaries received from various employees of McKinsey & Company.

Experience wise McKinsey & Company Associate Consultant salaries

Last Updated: 13 Feb 2025

Experience	Avg Annual Salary
Fresher (12 salaries)	₹22 L/yr - ₹44 L/yr
1 year (8 salaries)	₹16.5 L/yr - ₹47 L/yr
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2 years (8 salaries)	₹19.1 L/yr - ₹65 L/yr
3 years (3 salaries)	₹18 L/yr - ₹75.2 L/yr
4 years (13 salaries)	₹18 L/yr - ₹77 L/yr
5 years (6 salaries)	₹17.6 L/yr - ₹60 L/yr
6 years (AmbitionBox Estimate)	₹18 L/yr - ₹55 L/yr
7 years (4 salaries)	₹40 L/yr - ₹70 L/yr

View all

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Salary related reviews for McKinsey & Company

5.0

Rated by 1 employees for salary & benefits

Junior Associate in Mumbai

Full Time

Consulting Department

1.0

• posted on 09 Jun 2024

5.0

for Salary and Benefits

Likes

Good salary and benefits, specifically for the consulting path

Salary - Excellent

Dislikes

Up or out culture where progression depends on having “sponsors” within the Firm who are willing to staff you; in fact, there is no other way to get staffed on projects except finding these sponsors since there are so few projects (most are lost to BCG, some never come due to deteriorating quality)

Job security - Bad

+4 more

Manager in New Delhi

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Finance & Accounting Department

2.0

• posted on 26 Mar 2024

5.0

for Salary and Benefits

Likes

Pay and benefits

Salary - Excellent

Dislikes

Disgusting work culture. Too much politics at mid to senior level. You need to gang up to survive in this company. There is a condescending attitude towards new hires. They firmly believe that they are doing a favour to you by hiring you. They even cut your designation when hiring to prove as if they are some sort of God. The environment is like the movie Hunger games. If you don’t have support of the big group or some senior partner, even the smallest mistake will be viewed very harshly and rudely. They will create a situation where you will be compelled to resign. Everyone is in survival mode to protect the “partner compensation” during this current global economic situation. They will not bat an eye to give a poor rating to highly capable and highly experienced people on some silly excuse. Then they will claim that the person didn’t meet the performance standards. The entire 360 degree review system here is a facade. It can be manipulated to save you hide or send you to the gallows.

Skill development - Bad

+5 more

Financial Associate in Chennai

Full Time

Finance & Accounting Department

5.0

• posted on 24 Aug 2023

4.0

for Salary and Benefits

Likes

...re is impressive. And you can work in a very flexible setup. It is hybrid model. Free meal pass is provided every month apart from salary.cab pick up and drop available. Colleagues are fun and supportive.

Salary - Good

+6 more

Dislikes

Very competitive environment. Need to upgrade your skills to survive. Hike percentage is low on yearly basis.

Business Presentation Specialist in Bangalore / Bengaluru

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Customer Success, Service & Operations Department

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• posted on 07 Jan 2023

2.0

for Salary and Benefits

Likes

desk job. good start for a fresher

Job security - Good

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...ality its a biased place. those who the manager likes will move to better roles. salary and Hike is less when compared to same profiles on other companies

Salary - Poor

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Senior Process Associate in Bangalore / Bengaluru

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Finance & Accounting Department

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...was just done as formality. Its more like a monopoly and leads are very partial. Compensation is way below the market standards.

Salary - Poor

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Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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McKinsey & Company Associate Consultant Salary FAQs

What is the salary of Associate Consultant at McKinsey & Company?

Associate Consultant salary at McKinsey & Company in India ranges between ₹18.0 Lakhs to ₹74.0 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 304% more than the average Associate Consultant Salary in India. Salary estimates are based on 55 latest salaries received from various employees of McKinsey & Company India.

How does the salary of a Associate Consultant at McKinsey & Company India compare with the average salary range for this job?

The average salary of a Associate Consultant at McKinsey & Company is 304% more than the average salary of a Associate Consultant in India. To know exact salary insights, login to view.

Which similar companies are paying more than McKinsey & Company to a Associate Consultant in India?

Kearney Associate Consultant Salary - ₹24.0 Lakhs to ₹65.0 Lakhs per year

What is the salary of a Associate Consultant in companies similar to McKinsey & Company in India?

Bain & Company Associate Consultant Salary - ₹13.5 Lakhs to ₹43.0 Lakhs per year
BCG Associate Consultant Salary - ₹16.0 Lakhs to ₹45.0 Lakhs per year
Mercer Associate Consultant Salary - ₹10.5 Lakhs to ₹36.7 Lakhs per year
TCS Associate Consultant Salary - ₹9.0 Lakhs to ₹32.0 Lakhs per year
ZS Associate Consultant Salary - ₹9.3 Lakhs to ₹26.0 Lakhs per year

What is the estimated take home salary of a Associate Consultant at McKinsey & Company in India?

The estimated take-home salary of a Associate Consultant at McKinsey & Company ranges between ₹2,50,639 per month to ₹2,60,834 per month in India. The take-home salary calculation is based on the average McKinsey & Company Associate Consultant salary in India which ranges between ₹18.0 Lakhs to ₹74.0 Lakhs per year for employees with less than 1 year of experience to 7 years. Check how did we calculate take home salary?

What is the notice period for Associate Consultant at McKinsey & Company?

According to AmbitionBox, 71% of the McKinsey & Company Associate Consultants reported a notice period of 1 Month, 22% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 14 responses on AmbitionBox in last 2 years.

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McKinsey & Company Associate Consultant Salaries

McKinsey & Company Associate Consultant salary in India ranges between ₹18 Lakhs to ₹74 Lakhs with an average annual salary of ₹. Salary estimates are based on 55 McKinsey & Company latest salaries received from various employees of McKinsey & Company.