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

0 - 8 years exp.

₹18 Lakhs - ₹60 Lakhs

Salary of majority employees

160% more than the average Consultant Salary in Management Consulting Companies for 0 - 8 years of experience

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Salaries in different departments

Consulting Consultant Salary 2 - 8 years exp. (14 salaries)	₹18 L/yr - ₹51.9 L/yr
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Strategic & Top Management Consultant Salary 3 - 7 years exp. (3 salaries)	₹30 L/yr - ₹43 L/yr

Last Updated: 22 Mar 2025

Companies similar to McKinsey & Company for Consultant in Mumbai

McKinsey & Company Consultant Salary

0 - 8 years exp. (24 salaries)

₹18 L/yr - ₹60 L/yr

Company name	Avg Annual Salary	Open Jobs
Deloitte Consultant Salary 0 - 10 years exp. (2.8k salaries)	₹6 L/yr - ₹23 L/yr 59% less	3 job openings
Ernst & Young Consultant Salary 0 - 9 years exp. (2k salaries)	₹7 L/yr - ₹20 L/yr 65% less	180 job openings
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KPMG India Consultant Salary 0 - 10 years exp. (1.2k salaries)	₹6 L/yr - ₹22 L/yr 60% less	19 job openings
PwC Consultant Salary 0 - 8 years exp. (406 salaries)	₹7 L/yr - ₹26 L/yr 57% less	9 job openings
BCG Consultant Salary 1 - 12 years exp. (132 salaries)	₹28 L/yr - ₹94 L/yr 57% more	3 job openings
Protiviti Consultant Salary 0 - 7 years exp. (82 salaries)	₹4.1 L/yr - ₹12.7 L/yr 79% less
Bain & Company Consultant Salary 2 - 8 years exp. (44 salaries)	₹28 L/yr - ₹67 L/yr 53% more	1 job opening
Protiviti Consulting Consultant Salary 0 - 7 years exp. (43 salaries)	₹3.2 L/yr - ₹14 L/yr 78% less
Kearney Consultant Salary 1 - 6 years exp. (20 salaries)	₹28 L/yr - ₹45 L/yr 7% less
Mercer Consultant Salary 1 - 8 years exp. (18 salaries)	₹14 L/yr - ₹24 L/yr 43% less
ZS Consultant Salary 5 - 10 years exp. (11 salaries)	₹20 L/yr - ₹34.4 L/yr 23% less
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Willis Towers Watson Consultant Salary 2 - 9 years exp. (6 salaries)	₹8.9 L/yr - ₹29.3 L/yr 45% less
The Hackett Group Consultant Salary 3 - 6 years exp. (4 salaries)	₹12.3 L/yr - ₹14.6 L/yr 66% less	2 job openings
Mott MacDonald Consultant Salary 2 - 7 years exp. (4 salaries)	₹6.8 L/yr - ₹8.4 L/yr 79% less

Consultant salary at McKinsey & Company ranges between ₹18 Lakhs to ₹60 Lakhs per year for employees with less than 1 year of experience to 8 years. Salary estimates are based on 24 latest salaries received from various employees of McKinsey & Company.

Experience wise McKinsey & Company Consultant salaries in Mumbai

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹31.5 L/yr - ₹40.2 L/yr
1 year (AmbitionBox Estimate)	₹31.7 L/yr - ₹40.5 L/yr
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2 years (3 salaries)	₹18 L/yr - ₹64 L/yr
3 years (8 salaries)	₹24 L/yr - ₹51 L/yr
4 years (4 salaries)	₹25 L/yr - ₹43 L/yr
5 years (AmbitionBox Estimate)	₹32.8 L/yr - ₹41.9 L/yr
6 years (AmbitionBox Estimate)	₹33 L/yr - ₹42.2 L/yr
7 years (3 salaries)	₹28 L/yr - ₹45 L/yr
8 years (AmbitionBox Estimate)	₹33.6 L/yr - ₹42.9 L/yr

View all

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

Associate Consultant Salary

(8 salaries)

₹18 L/yr - ₹56 L/yr

Salary related reviews for McKinsey & Company

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Good salary and benefits, specifically for the consulting path

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Financial Associate in Chennai

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Salary - Good

+6 more

Dislikes

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

Job security - Good

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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

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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.

Salary - Poor

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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McKinsey & Company Consultant Salary FAQs

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

The average salary of a Consultant at McKinsey & Company in Mumbai typically ranges from ₹18.0 Lakhs to ₹60.0 Lakhs per year, depending on experience (from Fresher to 8 years).

The top 10% of Consultant in Mumbai at McKinsey & Company earn more than ₹51.4 Lakhs per year, and the top 1% earn over ₹60.0 Lakhs per year. 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 20+ McKinsey & Company employees in India.

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 in Mumbai typically ranges from ₹2,17,758 to ₹2,26,467 per month. This is based on the average salary range of ₹18.0 Lakhs to ₹60.0 Lakhs per year for employees with experience ranging from Fresher to 8 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 20+ 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 Consultant in India?

BCG	₹28.0 Lakhs to ₹94.0 Lakhs per year
Bain & Company	₹28.0 Lakhs to ₹67.0 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 Consultant in companies similar to McKinsey & Company in Mumbai?

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

Kearney	₹28.0 Lakhs to ₹45.0 Lakhs per year
ZS	₹20.0 Lakhs to ₹34.4 Lakhs per year
Mercer	₹14.0 Lakhs to ₹24.0 Lakhs per year
Willis Towers Watson	₹8.9 Lakhs to ₹29.3 Lakhs per year
PwC	₹7.0 Lakhs to ₹26.0 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 Consultant at McKinsey & Company in Mumbai?

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

Experience	Average Salary Range
Fresher	₹31.5 Lakhs to ₹40.2 Lakhs per year
1 year	₹31.7 Lakhs to ₹40.5 Lakhs per year
2 years	₹18.0 Lakhs to ₹64.0 Lakhs per year
3 years	₹24.0 Lakhs to ₹51.0 Lakhs per year

and so on.

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McKinsey & Company Consultant Salaries in Mumbai

McKinsey & Company Consultant salary in Mumbai ranges between ₹18 Lakhs to ₹60 Lakhs with an average annual salary of ₹. Salary estimates are based on 24 McKinsey & Company latest salaries received from various employees of McKinsey & Company.