McKinsey & Company Mumbai Associate Consultant Salaries by 9 Employees (Updated 2024)

1 - 6 years exp.

₹24.8 Lakhs - ₹44 Lakhs

Salary of majority employees

202% more than the average Associate Consultant Salary in Management Consulting Companies for 1 - 6 years of experience

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Salaries in different departments

Strategic & Top Management Associate Consultant Salary 4 years exp. (AmbitionBox Estimate)	₹40 L/yr - ₹44 L/yr
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Consulting Associate Consultant Salary 5 years exp. (AmbitionBox Estimate)	₹37 L/yr - ₹43.4 L/yr

Last Updated: 24 Oct 2024

Companies similar to McKinsey & Company for Associate Consultant in Mumbai

McKinsey & Company Associate Consultant Salary

1 - 6 years exp. (9 salaries)

₹24.8 L/yr - ₹44 L/yr

Company name	Avg Annual Salary	Open Jobs
Bain & Company Associate Consultant Salary 0 - 5 years exp. (21 salaries)	₹13.3 L/yr - ₹38 L/yr 26% less
BCG Associate Consultant Salary 1 - 2 years exp. (3 salaries)	₹21 L/yr - ₹27.5 L/yr 12% less
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Accenture Associate Consultant Salary 1 - 6 years exp. (26 salaries)	₹3.6 L/yr - ₹12 L/yr 72% less
Deloitte Associate Consultant Salary 2 - 4 years exp. (5 salaries)	₹4.9 L/yr - ₹12.1 L/yr 65% less
KPMG India Associate Consultant Salary 0 - 7 years exp. (700 salaries)	₹4 L/yr - ₹15 L/yr 70% less	8 job openings
PwC Associate Consultant Salary 0 - 6 years exp. (235 salaries)	₹6.4 L/yr - ₹19 L/yr 63% less	7 job openings
Ernst & Young Associate Consultant Salary 0 - 6 years exp. (611 salaries)	₹4.2 L/yr - ₹15 L/yr 73% less	43 job openings
TCS Associate Consultant Salary 6 - 20 years exp. (1.5k salaries)	₹8.4 L/yr - ₹30.6 L/yr 37% less
Infosys Associate Consultant Salary 0 - 7 years exp. (485 salaries)	₹4.1 L/yr - ₹16.1 L/yr 69% less	1 job opening
Wipro Associate Consultant Salary 0 - 12 years exp. (152 salaries)	₹5.9 L/yr - ₹21.2 L/yr 62% less
Capgemini Associate Consultant Salary 0 - 7 years exp. (6.4k salaries)	₹3 L/yr - ₹9.5 L/yr 79% less
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IBM Associate Consultant Salary 1 - 8 years exp. (17 salaries)	₹6.1 L/yr - ₹23.2 L/yr 58% less
Korn Ferry Associate Consultant Salary 1 - 4 years exp. (9 salaries)	₹11.5 L/yr - ₹25 L/yr 48% less
Kearney Associate Consultant Salary 0 - 7 years exp. (8 salaries)	₹24 L/yr - ₹65 L/yr 52% more
Zinnov Management Consulting Associate Consultant Salary 1 - 4 years exp. (3 salaries)	₹8 L/yr - ₹10 L/yr 73% less

Associate Consultant salary at McKinsey & Company ranges between ₹24.8 Lakhs to ₹44 Lakhs per year for employees with experience between 1 year to 6 years. Salary estimates are based on 9 latest salaries received from various employees of McKinsey & Company.

Experience wise McKinsey & Company Associate Consultant salaries in Mumbai

Last Updated: 24 Oct 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹9.9 L/yr - ₹44.7 L/yr
2 years (AmbitionBox Estimate)	₹10.7 L/yr - ₹30 L/yr
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3 years (AmbitionBox Estimate)	₹18 L/yr - ₹51.8 L/yr
4 years (3 salaries)	₹19 L/yr - ₹44 L/yr
5 years (AmbitionBox Estimate)	₹13.1 L/yr - ₹37 L/yr
6 years (AmbitionBox Estimate)	₹13.9 L/yr - ₹62.4 L/yr

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Similar Designation salaries in McKinsey & Company

Senior Consultant Salary

(7 salaries)

₹20 L/yr - ₹54.7 L/yr

Senior Associate Salary

(7 salaries)

₹24 L/yr - ₹65 L/yr

Salary related reviews for McKinsey & Company

Junior Associate in Mumbai

Full Time

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1.0

• posted on 09 Jun 2024

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for Salary and Benefits

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Good salary and benefits, specifically for the consulting path

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)

Manager in New Delhi

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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.

Financial Associate in Chennai

Full Time

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5.0

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for Salary and Benefits

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...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.

Dislikes

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

Business Presentation Specialist in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 07 Jan 2023

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for Salary and Benefits

Likes

desk job. good start for a fresher

Dislikes

...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

Senior Process Associate in Bangalore / Bengaluru

Full Time

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5.0

• posted on 18 Feb 2022

2.0

for Salary and Benefits

Likes

We do have job security and opportunities to learn

Dislikes

...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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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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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 ₹24.8 Lakhs to ₹44.0 Lakhs for experience between 1 years to 6 years. According to our estimates it is 202% more than the average Associate Consultant Salary in India. Salary estimates are based on 9 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 202% 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?

BCG Associate Consultant Salary - ₹21.0 Lakhs to ₹27.5 Lakhs per year
Bain & Company Associate Consultant Salary - ₹13.3 Lakhs to ₹38.0 Lakhs per year
TCS Associate Consultant Salary - ₹8.4 Lakhs to ₹30.6 Lakhs per year
Korn Ferry Associate Consultant Salary - ₹11.5 Lakhs to ₹25.0 Lakhs per year
IBM Associate Consultant Salary - ₹6.1 Lakhs to ₹23.2 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 ₹1,88,893 per month to ₹1,96,297 per month in Mumbai. The take-home salary calculation is based on the average McKinsey & Company Associate Consultant salary in India which ranges between ₹24.8 Lakhs to ₹44.0 Lakhs per year for employees with experience between 1 years to 6 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 2 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 ₹24.8 Lakhs to ₹44 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 McKinsey & Company latest salaries received from various employees of McKinsey & Company.