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

2 - 5 years exp.

₹18 Lakhs - ₹56 Lakhs

Avg. annual salary

Monthly In-hand Salary

303% more than the average Associate Consultant Salary in Management Consulting Companies for 2 - 5 years of experience

Interested in this particular role?

Salaries in different departments

Strategic & Top Management Associate Consultant Salary 2 - 4 years exp. (3 salaries)	₹44 L/yr - ₹56 L/yr
Login to view exact salary
Consulting Associate Consultant Salary 5 years exp. (AmbitionBox Estimate)	₹37 L/yr - ₹49.6 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)

₹18 L/yr - ₹56 L/yr

Company name	Avg Annual Salary	Open Jobs
KPMG India Associate Consultant Salary 0 - 8 years exp. (721 salaries)	₹4 L/yr - ₹15 L/yr 77% less	7 job openings
Ernst & Young Associate Consultant Salary 0 - 7 years exp. (646 salaries)	₹4 L/yr - ₹14 L/yr 80% less	47 job openings
Login to view exact salary
PwC Associate Consultant Salary 0 - 7 years exp. (259 salaries)	₹6.5 L/yr - ₹22 L/yr 70% less
ZS Associate Consultant Salary 2 - 7 years exp. (44 salaries)	₹10.5 L/yr - ₹25 L/yr 54% less	3 job openings
Bain & Company Associate Consultant Salary 0 - 5 years exp. (23 salaries)	₹13 L/yr - ₹40 L/yr 37% less
Korn Ferry Associate Consultant Salary 1 - 4 years exp. (9 salaries)	₹11.5 L/yr - ₹25 L/yr 58% less
Kearney Associate Consultant Salary 0 - 7 years exp. (8 salaries)	₹24 L/yr - ₹65 L/yr 9% more
Deloitte Associate Consultant Salary 2 - 4 years exp. (7 salaries)	₹6 L/yr - ₹18 L/yr 72% less
Alvarez & Marsal Associate Consultant Salary 0 - 5 years exp. (3 salaries)	₹18.5 L/yr - ₹25 L/yr 49% less
Zinnov Management Consulting Associate Consultant Salary 1 - 4 years exp. (3 salaries)	₹8 L/yr - ₹10 L/yr 80% less
BCG Associate Consultant Salary 1 - 2 years exp. (3 salaries)	₹21 L/yr - ₹27.7 L/yr 37% less
Login to view exact salary

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)	₹30 L/yr - ₹56 L/yr
3 years (AmbitionBox Estimate)	₹37.4 L/yr - ₹47.8 L/yr
Login to view exact salary
4 years (3 salaries)	₹19 L/yr - ₹50 L/yr
5 years (AmbitionBox Estimate)	₹39.3 L/yr - ₹50.3 L/yr

Similar Designation salaries in McKinsey & Company

Senior Associate Salary

(12 salaries)

₹24 L/yr - ₹72 L/yr

Senior Consultant Salary

(9 salaries)

₹20 L/yr - ₹54.7 L/yr

Salary related reviews for McKinsey & Company

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

Full Time

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

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 07 Jan 2023

2.0

for Salary and Benefits

Likes

desk job. good start for a fresher

Job security - Good

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

Salary - Poor

+4 more

Senior Process Associate in Bangalore / Bengaluru

Full Time

Finance & Accounting Department

5.0

• posted on 18 Feb 2022

2.0

for Salary and Benefits

Likes

We do have job security and opportunities to learn

Skill development - Good

+2 more

Dislikes

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

Salary - Poor

+2 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

Experience - 5.9 Tech - React.js CTC- 13LPA Current company - TCS Offer in the process - Nagarro (19LPA) My LWD is 24th May, but I told Nagarro I can be released in 30 days. Now, should I: 1. Be honest and say I can join on 25th May? 2. Commit to 25th April and request a DOJ extension later?(By telling them some emergency) Q1). If I choose option 1, is there a risk they won’t release the offer?(As I am being hired for a particular project, so will they go for some immediate candidates?) Q2). If I choose option 2, could they revoke the offer?(As the HR told changing the DOJ in released offer letter is not possible

Nagarro offer: Kindly Help me to decide

Option 1

Option 2

98 participants . expiring in 2d

Got a question about McKinsey & Company?

Ask anonymously on communities.

McKinsey & Company Associate Consultant Salary FAQs

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

The average salary of a Associate Consultant at McKinsey & Company in Mumbai typically ranges from ₹18.0 Lakhs to ₹56.0 Lakhs per year, depending on experience (from 2 years to 5 years).

The top 10% of Associate Consultant in Mumbai at McKinsey & Company earn more than ₹56.0 Lakhs per year, and the top 1% earn over ₹56.0 Lakhs per year. Associate Consultant Salaries at McKinsey & Company 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 8 McKinsey & Company employees in India.

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 in Mumbai typically ranges from ₹2,49,658 to ₹2,59,809 per month. This is based on the average salary range of ₹18.0 Lakhs to ₹56.0 Lakhs per year for employees with experience ranging from 2 years to 5 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 8 salaries received from various employees of McKinsey & Company. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than McKinsey & Company for Associate Consultant in India?

Kearney

₹24.0 Lakhs to ₹65.0 Lakhs per year

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

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

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

BCG	₹21.0 Lakhs to ₹27.7 Lakhs per year
Bain & Company	₹13.0 Lakhs to ₹40.0 Lakhs per year
Alvarez & Marsal	₹18.5 Lakhs to ₹25.0 Lakhs per year
ZS	₹10.5 Lakhs to ₹25.0 Lakhs per year
Korn Ferry	₹11.5 Lakhs to ₹25.0 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 Associate Consultant at McKinsey & Company in Mumbai?

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

Experience	Average Salary Range
2 years	₹30.0 Lakhs to ₹56.0 Lakhs per year
3 years	₹37.4 Lakhs to ₹47.8 Lakhs per year
4 years	₹19.0 Lakhs to ₹50.0 Lakhs per year
5 years	₹39.3 Lakhs to ₹50.3 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
McKinsey & Company Salaries >
McKinsey & Company Associate Consultant Salaries >
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.