McKinsey & Company Mumbai Consultant Salaries by 20+ Employees (Updated 2025)

0 - 10 years exp.

₹17.3 Lakhs - ₹60 Lakhs

Salary of majority employees

177% more than the average Consultant Salary in Management Consulting Companies for 0 - 10 years of experience

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Salaries in different departments

Consulting Consultant Salary 2 - 10 years exp. (15 salaries)	₹18 L/yr - ₹60 L/yr
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Strategic & Top Management Consultant Salary 2 - 9 years exp. (5 salaries)	₹36.9 L/yr - ₹56 L/yr

Last Updated: 15 Jan 2025

Companies similar to McKinsey & Company for Consultant in Mumbai

McKinsey & Company Consultant Salary

0 - 10 years exp. (28 salaries)

₹17.3 L/yr - ₹60 L/yr

Company name	Avg Annual Salary	Open Jobs
BCG Consultant Salary 2 - 12 years exp. (129 salaries)	₹27.4 L/yr - ₹94 L/yr 48% more
Global Wings Abudhabi Consultant Salary 1 - 12 years exp. (4 salaries)	₹8.8 L/yr - ₹23.9 L/yr 65% less
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Bain & Company Consultant Salary 2 - 7 years exp. (45 salaries)	₹24 L/yr - ₹72 L/yr 47% more	1 job opening
Deloitte Consultant Salary 0 - 11 years exp. (2.7k salaries)	₹6 L/yr - ₹23 L/yr 62% less	1 job opening
PwC Consultant Salary 0 - 8 years exp. (410 salaries)	₹7 L/yr - ₹28 L/yr 58% less	7 job openings
KPMG India Consultant Salary 0 - 10 years exp. (1.2k salaries)	₹6 L/yr - ₹22 L/yr 63% less	19 job openings
Capgemini Consultant Salary 1 - 10 years exp. (5.5k salaries)	₹5 L/yr - ₹16.4 L/yr 72% less	4 job openings
Ernst & Young Consultant Salary 0 - 9 years exp. (2k salaries)	₹7 L/yr - ₹19.5 L/yr 67% less	153 job openings
TCS Consultant Salary 2 - 25 years exp. (359 salaries)	₹8.2 L/yr - ₹39 L/yr 39% less	1 job opening
Accenture Consultant Salary 1 - 12 years exp. (162 salaries)	₹10.3 L/yr - ₹39.3 L/yr 36% less	155 job openings
Protiviti Consultant Salary 0 - 6 years exp. (77 salaries)	₹3.7 L/yr - ₹12.7 L/yr 81% less	2 job openings
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Protiviti Consulting Consultant Salary 0 - 7 years exp. (41 salaries)	₹3.2 L/yr - ₹13.4 L/yr 80% less
IBM Consultant Salary 1 - 12 years exp. (38 salaries)	₹7.9 L/yr - ₹30.4 L/yr 54% less	1 job opening
Kearney Consultant Salary 1 - 7 years exp. (21 salaries)	₹28 L/yr - ₹45 L/yr 11% less
Mercer Consultant Salary 2 - 8 years exp. (18 salaries)	₹14 L/yr - ₹25 L/yr 47% less
ZS Consultant Salary 5 - 10 years exp. (11 salaries)	₹20 L/yr - ₹34.4 L/yr 28% less
Willis Towers Watson Consultant Salary 4 - 9 years exp. (7 salaries)	₹9.3 L/yr - ₹29.3 L/yr 45% less
The Hackett Group Consultant Salary 3 - 6 years exp. (4 salaries)	₹8.6 L/yr - ₹14.6 L/yr 69% less	6 job openings
Mott MacDonald Consultant Salary 2 - 7 years exp. (4 salaries)	₹6.8 L/yr - ₹8.4 L/yr 79% less	3 job openings

Consultant salary at McKinsey & Company ranges between ₹17.3 Lakhs to ₹60 Lakhs per year for employees with less than 1 year of experience to 10 years. Salary estimates are based on 28 latest salaries received from various employees of McKinsey & Company.

Experience wise McKinsey & Company Consultant salaries in Mumbai

Last Updated: 15 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹13.6 L/yr - ₹45.9 L/yr
1 year (AmbitionBox Estimate)	₹30 L/yr - ₹62.6 L/yr
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2 years (4 salaries)	₹14.2 L/yr - ₹64.1 L/yr
3 years (8 salaries)	₹24 L/yr - ₹51 L/yr
4 years (3 salaries)	₹25 L/yr - ₹43 L/yr
5 years (AmbitionBox Estimate)	₹37 L/yr - ₹68.5 L/yr
6 years (AmbitionBox Estimate)	₹37 L/yr - ₹70 L/yr
7 years (3 salaries)	₹28 L/yr - ₹45 L/yr
8 years (AmbitionBox Estimate)	₹16.2 L/yr - ₹60 L/yr
9 years (AmbitionBox Estimate)	₹16.5 L/yr - ₹56 L/yr
10 years (AmbitionBox Estimate)	₹36 L/yr - ₹45 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

(7 salaries)

₹18 L/yr - ₹56 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

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Salary Discussions, Hike & Promotions

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 Consultant Salary FAQs

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

Consultant salary at McKinsey & Company in Mumbai ranges between ₹17.3 Lakhs to ₹60.0 Lakhs for less than 1 year of experience to 10 years. According to our estimates it is 177% more than the average Consultant Salary in India. Salary estimates are based on 28 latest salaries received from various employees of McKinsey & Company Mumbai.

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

The average salary of a Consultant at McKinsey & Company is 177% more than the average salary of a Consultant in Mumbai. To know exact salary insights, login to view.

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

BCG Consultant Salary - ₹27.4 Lakhs to ₹94.0 Lakhs per year
Bain & Company Consultant Salary - ₹24.0 Lakhs to ₹72.0 Lakhs per year

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

Kearney Consultant Salary - ₹28.0 Lakhs to ₹45.0 Lakhs per year
ZS Consultant Salary - ₹20.0 Lakhs to ₹34.4 Lakhs per year
Accenture Consultant Salary - ₹10.3 Lakhs to ₹39.3 Lakhs per year
TCS Consultant Salary - ₹8.2 Lakhs to ₹39.0 Lakhs per year
Willis Towers Watson Consultant Salary - ₹9.3 Lakhs to ₹29.3 Lakhs per year

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

The estimated take-home salary of a Consultant at McKinsey & Company ranges between ₹2,28,072 per month to ₹2,37,247 per month in Mumbai. The take-home salary calculation is based on the average McKinsey & Company Consultant salary in India which ranges between ₹17.3 Lakhs to ₹60.0 Lakhs per year for employees with less than 1 year of experience to 10 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 90% of the McKinsey & Company Consultants in Mumbai reported a notice period of 1 Month, 10% reported a notice period of 15 days or less.This is based on 10 responses on AmbitionBox in last 2 years.

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McKinsey & Company Consultant Salaries in Mumbai

McKinsey & Company Consultant salary in Mumbai ranges between ₹17.3 Lakhs to ₹60 Lakhs with an average annual salary of ₹. Salary estimates are based on 28 McKinsey & Company latest salaries received from various employees of McKinsey & Company.