McKinsey & Company Mumbai Associate Salaries by 40+ Employees (Updated 2025)

1 - 7 years exp.

₹22.5 Lakhs - ₹81.7 Lakhs

Salary of majority employees

536% more than the average Associate Salary in Management Consulting Companies for 1 - 7 years of experience

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Salaries in different departments

Consulting Associate Salary 1 - 6 years exp. (8 salaries)	₹23 L/yr - ₹60 L/yr
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Strategic & Top Management Associate Salary 2 - 7 years exp. (6 salaries)	₹41 L/yr - ₹93 L/yr

Last Updated: 2 Mar 2025

Companies similar to McKinsey & Company for Associate in Mumbai

McKinsey & Company Associate Salary

1 - 7 years exp. (46 salaries)

₹22.5 L/yr - ₹81.7 L/yr

Company name	Avg Annual Salary	Open Jobs
Bain & Company Associate Salary 0 - 5 years exp. (13 salaries)	₹13 L/yr - ₹25 L/yr 64% less	5 job openings
BCG Associate Salary 0 - 4 years exp. (20 salaries)	₹10 L/yr - ₹29 L/yr 63% less
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Deloitte Associate Salary 0 - 5 years exp. (40 salaries)	₹6.8 L/yr - ₹12 L/yr 83% less
Accenture Associate Salary 0 - 7 years exp. (814 salaries)	₹1 L/yr - ₹8.5 L/yr 92% less	71 job openings
KPMG India Associate Salary 0 - 6 years exp. (72 salaries)	₹4.9 L/yr - ₹19.9 L/yr 76% less	1 job opening
Ernst & Young Associate Salary 0 - 7 years exp. (310 salaries)	₹4.8 L/yr - ₹20 L/yr 77% less	28 job openings
PwC Associate Salary 0 - 7 years exp. (1.6k salaries)	₹5.8 L/yr - ₹19 L/yr 77% less	206 job openings
TCS Associate Salary 0 - 9 years exp. (710 salaries)	₹1 L/yr - ₹6 L/yr 93% less
Wipro Associate Salary 0 - 5 years exp. (1.2k salaries)	₹0.9 L/yr - ₹4.5 L/yr 94% less	31 job openings
Blackrock Associate Salary 3 - 13 years exp. (239 salaries)	₹9 L/yr - ₹31 L/yr 64% less
Capgemini Associate Salary 0 - 4 years exp. (88 salaries)	₹1 L/yr - ₹7.2 L/yr 93% less
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Willis Towers Watson Associate Salary 0 - 7 years exp. (78 salaries)	₹2 L/yr - ₹6 L/yr 92% less
VISTRA INTERNATIONAL EXPANSION Associate Salary 1 - 8 years exp. (41 salaries)	₹2.2 L/yr - ₹5 L/yr 92% less
Kearney Associate Salary 2 - 8 years exp. (35 salaries)	₹28 L/yr - ₹65 L/yr 10% less
ZS Associate Salary 0 - 4 years exp. (12 salaries)	₹8 L/yr - ₹14.9 L/yr 72% less
Mercer Associate Salary 9 - 12 years exp. (6 salaries)	₹17 L/yr - ₹40 L/yr 36% less
Frost & Sullivan Associate Salary 0 - 2 years exp. (5 salaries)	₹4.8 L/yr - ₹6.5 L/yr 89% less
RSM US in India Associate Salary 1 - 3 years exp. (4 salaries)	₹5.5 L/yr - ₹11.7 L/yr 78% less	12 job openings

Associate salary at McKinsey & Company ranges between ₹22.5 Lakhs to ₹81.7 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 46 latest salaries received from various employees of McKinsey & Company.

Experience wise McKinsey & Company Associate salaries in Mumbai

Last Updated: 2 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹43 L/yr - ₹85.3 L/yr
2 years (9 salaries)	₹21.8 L/yr - ₹79.8 L/yr
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3 years (10 salaries)	₹20.5 L/yr - ₹66 L/yr
4 years (12 salaries)	₹30 L/yr - ₹63 L/yr
5 years (7 salaries)	₹37 L/yr - ₹61.2 L/yr
6 years (4 salaries)	₹44 L/yr - ₹56.5 L/yr
7 years (3 salaries)	₹47 L/yr - ₹55 L/yr

View all

Similar Designation salaries in McKinsey & Company

Senior Associate Salary

(10 salaries)

₹24 L/yr - ₹65 L/yr

Senior Consultant Salary

(8 salaries)

₹20 L/yr - ₹54.7 L/yr

Associate Consultant Salary

(8 salaries)

₹18 L/yr - ₹56 L/yr

Top skills at McKinsey & Company for Associate

Bank Reconciliation General Accounting Finance P2P Invoice Processing

Salary related reviews for McKinsey & Company

4.2

Rated by 2 employees for salary & benefits

Associate (working remotely)

Full Time

Project & Program Management Department

2.0

• posted on 28 Jul 2023

5.0

for Salary and Benefits

Likes

Great benefits and salary. Smart people

Salary - Excellent

+1 more

Dislikes

Shoving people under the bus is something that happens recurrently, there is no coaching, people will change huge demands just because they want to and you have to be able to deliver. WLB is non existing. People are always sick or burnout

Company culture - Poor

+1 more

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

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McKinsey & Company Associate Salary FAQs

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

Associate salary at McKinsey & Company in Mumbai ranges between ₹22.5 Lakhs to ₹81.7 Lakhs for experience between 1 years to 7 years. According to our estimates it is 536% more than the average Associate Salary in India. Salary estimates are based on 46 latest salaries received from various employees of McKinsey & Company Mumbai.

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

The average salary of a Associate at McKinsey & Company is 536% more than the average salary of a Associate in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Associate at McKinsey & Company?

Bank Reconciliation, General Accounting, Finance, P2P and Invoice Processing are some of the popular skills required to work as a Associate at McKinsey & Company Mumbai.

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

Kearney Associate Salary - ₹28.0 Lakhs to ₹65.0 Lakhs per year
Mercer Associate Salary - ₹17.0 Lakhs to ₹40.0 Lakhs per year
BCG Associate Salary - ₹10.0 Lakhs to ₹29.0 Lakhs per year
Bain & Company Associate Salary - ₹13.0 Lakhs to ₹25.0 Lakhs per year
Blackrock Associate Salary - ₹9.0 Lakhs to ₹31.0 Lakhs per year

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

The estimated take-home salary of a Associate at McKinsey & Company ranges between ₹2,89,919 per month to ₹3,01,563 per month in Mumbai. The take-home salary calculation is based on the average McKinsey & Company Associate salary in India which ranges between ₹22.5 Lakhs to ₹81.7 Lakhs per year for employees with experience between 1 years to 7 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 53% of the McKinsey & Company Associates in Mumbai reported a notice period of 1 Month, 26% reported a notice period of 2 Months and the remaining reported other notice period durations. This is based on 19 responses on AmbitionBox in last 2 years.

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McKinsey & Company Associate Salaries in Mumbai

McKinsey & Company Associate salary in Mumbai ranges between ₹22.5 Lakhs to ₹81.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 46 McKinsey & Company latest salaries received from various employees of McKinsey & Company.