McKinsey & Company Mumbai Associate Consultant Salaries by 8 Employees (Updated 2025)

2 - 5 years exp.

₹18 Lakhs - ₹56 Lakhs

Salary of majority employees

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305% more than the average Associate Consultant Salary in Management Consulting Companies for 2 - 5 years of experience

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Salaries in different departments

Strategic & Top Management Associate Consultant Salary 2 - 4 years exp. (3 salaries)	Unlock ₹44 L/yr - ₹56 L/yr
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Consulting Associate Consultant Salary 5 years exp. (AmbitionBox Estimate)	Unlock ₹37 L/yr - ₹46 L/yr

Last Updated: 26 Feb 2025

Companies similar to McKinsey & Company for Associate Consultant in Mumbai

McKinsey & Company Associate Consultant Salary

2 - 5 years exp. (8 salaries)

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₹18 L/yr - ₹56 L/yr

Company name	Avg Annual Salary	Open Jobs
Bain & Company Associate Consultant Salary 0 - 5 years exp. (21 salaries)	Unlock ₹11.6 L/yr - ₹40 L/yr 37% less
BCG Associate Consultant Salary 1 - 2 years exp. (3 salaries)	Unlock ₹21 L/yr - ₹25 L/yr 42% less
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Accenture Associate Consultant Salary 1 - 6 years exp. (27 salaries)	Unlock ₹3.1 L/yr - ₹12.5 L/yr 81% less
Deloitte Associate Consultant Salary 2 - 3 years exp. (5 salaries)	Unlock ₹6 L/yr - ₹18 L/yr 74% less
KPMG India Associate Consultant Salary 0 - 7 years exp. (711 salaries)	Unlock ₹4 L/yr - ₹15 L/yr 77% less	13 job openings
PwC Associate Consultant Salary 0 - 7 years exp. (250 salaries)	Unlock ₹6.4 L/yr - ₹21 L/yr 71% less	2 job openings
Ernst & Young Associate Consultant Salary 0 - 7 years exp. (642 salaries)	Unlock ₹4.2 L/yr - ₹14 L/yr 80% less	36 job openings
TCS Associate Consultant Salary 6 - 21 years exp. (1.6k salaries)	Unlock ₹8.7 L/yr - ₹31 L/yr 52% less
Infosys Associate Consultant Salary 0 - 7 years exp. (509 salaries)	Unlock ₹4.1 L/yr - ₹16 L/yr 77% less	6 job openings
Wipro Associate Consultant Salary 0 - 12 years exp. (166 salaries)	Unlock ₹6 L/yr - ₹20.7 L/yr 73% less	1 job opening
Capgemini Associate Consultant Salary 0 - 7 years exp. (5.8k salaries)	Unlock ₹3.1 L/yr - ₹11.6 L/yr 84% less
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ZS Associate Consultant Salary 2 - 7 years exp. (44 salaries)	Unlock ₹10.5 L/yr - ₹25 L/yr 54% less	1 job opening
IBM Associate Consultant Salary 1 - 8 years exp. (14 salaries)	Unlock ₹5.8 L/yr - ₹20 L/yr 69% less
Korn Ferry Associate Consultant Salary 1 - 4 years exp. (9 salaries)	Unlock ₹11.5 L/yr - ₹25 L/yr 57% less
Kearney Associate Consultant Salary 0 - 7 years exp. (8 salaries)	Unlock ₹24 L/yr - ₹65 L/yr 11% more
Zinnov Management Consulting Associate Consultant Salary 1 - 4 years exp. (3 salaries)	Unlock ₹8 L/yr - ₹10 L/yr 80% less

Associate Consultant salary at McKinsey & Company ranges between ₹18 Lakhs to ₹56 Lakhs per year for employees with experience between 2 years to 5 years. Salary estimates are based on 8 latest salaries received from various employees of McKinsey & Company.

Experience wise McKinsey & Company Associate Consultant salaries in Mumbai

Last Updated: 26 Feb 2025

Experience	Avg Annual Salary
2 years (3 salaries)	Unlock ₹30 L/yr - ₹56 L/yr
3 years (AmbitionBox Estimate)	Unlock ₹18 L/yr - ₹74.5 L/yr
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4 years (3 salaries)	Unlock ₹19 L/yr - ₹50 L/yr
5 years (AmbitionBox Estimate)	Unlock ₹37 L/yr - ₹76.9 L/yr

Similar Designation salaries in McKinsey & Company

Senior Associate Salary

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₹24 L/yr - ₹65 L/yr

Senior Consultant Salary

(8 salaries)

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₹20 L/yr - ₹54.7 L/yr

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+6 more

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

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desk job. good start for a fresher

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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

+4 more

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for Salary and Benefits

Likes

We do have job security and opportunities to learn

Skill development - Good

+2 more

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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.

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McKinsey & Company Associate Consultant Salary FAQs

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

Associate Consultant salary at McKinsey & Company in Mumbai ranges between ₹18.0 Lakhs to ₹56.0 Lakhs for experience between 2 years to 5 years. According to our estimates it is 305% more than the average Associate Consultant Salary in India. Salary estimates are based on 8 latest salaries received from various employees of McKinsey & Company Mumbai.

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

The average salary of a Associate Consultant at McKinsey & Company is 305% more than the average salary of a Associate Consultant in Mumbai. To know exact salary insights, login to view.

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

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 Mumbai?

Bain & Company Associate Consultant Salary - ₹11.6 Lakhs to ₹40.0 Lakhs per year
BCG Associate Consultant Salary - ₹21.0 Lakhs to ₹25.0 Lakhs per year
TCS Associate Consultant Salary - ₹8.7 Lakhs to ₹31.0 Lakhs per year
ZS Associate Consultant Salary - ₹10.5 Lakhs to ₹25.0 Lakhs per year
Korn Ferry Associate Consultant Salary - ₹11.5 Lakhs to ₹25.0 Lakhs per year

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

The estimated take-home salary of a Associate Consultant at McKinsey & Company ranges between ₹2,47,573 per month to ₹2,57,630 per month in Mumbai. The take-home salary calculation is based on the average McKinsey & Company Associate Consultant salary in India which ranges between ₹18.0 Lakhs to ₹56.0 Lakhs per year for employees with experience between 2 years to 5 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 100% of the McKinsey & Company Associate Consultants in Mumbai reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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McKinsey & Company Associate Consultant Salaries in Mumbai

McKinsey & Company Associate Consultant salary in Mumbai ranges between ₹18 Lakhs to ₹56 Lakhs with an average annual salary of ₹. Salary estimates are based on 8 McKinsey & Company latest salaries received from various employees of McKinsey & Company.