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McKinsey & Company Consultant salaries in Mumbai (Updated 2025)

Annual salary range
0 - 8 years exp.
₹18 Lakhs - ₹60 Lakhs
Salary of majority employees
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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)
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₹18 L/yr - ₹51.9 L/yr

Strategic & Top Management
Consultant Salary
3 - 7 years exp. (3 salaries)
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₹30 L/yr - ₹43 L/yr

Last Updated: 22 Mar 2025

Companies similar to McKinsey & Company for Consultant in Mumbai

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McKinsey & Company Consultant Salary

0 - 8 years exp. (24 salaries)

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₹18 L/yr - ₹60 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Deloitte Consultant Salary

0 - 10 years exp. (2.8k salaries)

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₹6 L/yr - ₹23 L/yr

arrow icon 59% less
3 job openings
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Ernst & Young Consultant Salary

0 - 9 years exp. (2k salaries)

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₹7 L/yr - ₹20 L/yr

arrow icon 65% less
180 job openings
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KPMG India Consultant Salary

0 - 10 years exp. (1.2k salaries)

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₹6 L/yr - ₹22 L/yr

arrow icon 60% less
19 job openings
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PwC Consultant Salary

0 - 8 years exp. (406 salaries)

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₹7 L/yr - ₹26 L/yr

arrow icon 57% less
9 job openings
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BCG Consultant Salary

1 - 12 years exp. (132 salaries)

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₹28 L/yr - ₹94 L/yr

arrow icon 57% more
3 job openings
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Protiviti Consultant Salary

0 - 7 years exp. (82 salaries)

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₹4.1 L/yr - ₹12.7 L/yr

arrow icon 79% less
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Bain & Company Consultant Salary

2 - 8 years exp. (44 salaries)

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₹28 L/yr - ₹67 L/yr

arrow icon 53% more
1 job opening
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Protiviti Consulting Consultant Salary

0 - 7 years exp. (43 salaries)

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₹3.2 L/yr - ₹14 L/yr

arrow icon 78% less
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Kearney Consultant Salary

1 - 6 years exp. (20 salaries)

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₹28 L/yr - ₹45 L/yr

arrow icon 7% less
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Mercer Consultant Salary

1 - 8 years exp. (18 salaries)

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₹14 L/yr - ₹24 L/yr

arrow icon 43% less
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ZS Consultant Salary

5 - 10 years exp. (11 salaries)

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₹20 L/yr - ₹34.4 L/yr

arrow icon 23% less
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Willis Towers Watson Consultant Salary

2 - 9 years exp. (6 salaries)

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₹8.9 L/yr - ₹29.3 L/yr

arrow icon 45% less
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The Hackett Group Consultant Salary

3 - 6 years exp. (4 salaries)

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₹12.3 L/yr - ₹14.6 L/yr

arrow icon 66% less
2 job openings
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Mott MacDonald Consultant Salary

2 - 7 years exp. (4 salaries)

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₹6.8 L/yr - ₹8.4 L/yr

arrow icon 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.

Latest annual salaries shared by McKinsey & Company Consultant in Mumbai

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Experience wise McKinsey & Company Consultant salaries in Mumbai

Last Updated: 22 Mar 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹31.5 L/yr - ₹40.2 L/yr
1 year (AmbitionBox Estimate)

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₹31.7 L/yr - ₹40.5 L/yr
2 years  (3 salaries)

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₹18 L/yr - ₹64 L/yr
3 years  (8 salaries)

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₹24 L/yr - ₹51 L/yr
4 years  (4 salaries)

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₹25 L/yr - ₹43 L/yr
View all

Similar Designation salaries in McKinsey & Company

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₹24 L/yr - ₹72 L/yr
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₹20 L/yr - ₹54.7 L/yr
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₹18 L/yr - ₹56 L/yr

Salary related reviews for McKinsey & Company

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)

read more
  • Job security - Bad
  • +4 more

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.

read more
  • Skill development - Bad
  • +5 more

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.

read more
  • Salary - Good
  • +6 more

Dislikes

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

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

read more
  • Salary - Poor
  • +4 more

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.

read more
  • Salary - Poor
  • +2 more
see more salary related reviews

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