McKinsey & Company External Consultant Salaries by 6 Employees

3 - 13 years exp.

₹16 Lakhs - ₹48 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

131% more than the average External Consultant Salary in Management Consulting Companies for 3 - 13 years of experience

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Salaries in different departments

Marketing & Communication External Consultant Salary 10 - 13 years exp. (AmbitionBox Estimate)	₹37 L/yr - ₹48 L/yr
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Strategic & Top Management External Consultant Salary 3 - 5 years exp. (AmbitionBox Estimate)	₹17 L/yr - ₹38.7 L/yr

Last Updated: 9 Mar 2024

Companies similar to McKinsey & Company for External Consultant

Company name	Avg Annual Salary	Open Jobs
BCG External Consultant Salary 2 - 16 years exp. (13 salaries)	₹25 L/yr - ₹40 L/yr At par
Deloitte External Consultant Salary 1 - 13 years exp. (7 salaries)	₹6.8 L/yr - ₹21.5 L/yr 66% less
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Ernst & Young External Consultant Salary 9 - 18 years exp. (3 salaries)	₹8 L/yr - ₹59 L/yr 22% less
IQVIA External Consultant Salary 0 - 4 years exp. (14 salaries)	₹2.5 L/yr - ₹8.8 L/yr 86% less
Indian Institute for Human Settlements External Consultant Salary 0 - 8 years exp. (11 salaries)	₹3 L/yr - ₹6 L/yr 87% less

External Consultant salary at McKinsey & Company ranges between ₹16 Lakhs to ₹48 Lakhs per year for employees with experience between 3 years to 13 years. Salary estimates are based on 6 latest salaries received from various employees of McKinsey & Company.

Experience wise McKinsey & Company External Consultant salaries

Last Updated: 9 Mar 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹16 L/yr - ₹56 L/yr
4 years (AmbitionBox Estimate)	₹28.7 L/yr - ₹36.6 L/yr
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5 years (AmbitionBox Estimate)	₹17 L/yr - ₹58.6 L/yr
6 years (AmbitionBox Estimate)	₹29.9 L/yr - ₹38.3 L/yr
7 years (AmbitionBox Estimate)	₹30.6 L/yr - ₹39.1 L/yr
8 years (AmbitionBox Estimate)	₹31.2 L/yr - ₹39.9 L/yr
9 years (AmbitionBox Estimate)	₹31.9 L/yr - ₹40.7 L/yr
10 years (AmbitionBox Estimate)	₹14.5 L/yr - ₹37 L/yr
11 years (AmbitionBox Estimate)	₹29.7 L/yr - ₹66.3 L/yr
12 years (AmbitionBox Estimate)	₹33.8 L/yr - ₹43.2 L/yr
13 years (AmbitionBox Estimate)	₹15.3 L/yr - ₹48 L/yr

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McKinsey & Company External Consultant Salary FAQs

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

The average salary of a External Consultant at McKinsey & Company in India typically ranges from ₹16.0 Lakhs to ₹48.0 Lakhs per year, depending on experience (from 3 years to 13 years).

The top 10% of External Consultant at McKinsey & Company earn more than ₹46.9 Lakhs per year, and the top 1% earn over ₹48.0 Lakhs per year. External 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 6 McKinsey & Company employees in India.

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

The estimated take-home salary of a External Consultant at McKinsey & Company in India typically ranges from ₹2,19,704 to ₹2,28,501 per month. This is based on the average salary range of ₹16.0 Lakhs to ₹48.0 Lakhs per year for employees with experience ranging from 3 years to 13 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 6 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 External Consultant in India?

BCG	₹25.0 Lakhs to ₹40.0 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 External Consultant in companies similar to McKinsey & Company in India?

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

Ernst & Young	₹8.0 Lakhs to ₹59.0 Lakhs per year
Deloitte	₹6.8 Lakhs to ₹21.5 Lakhs per year
IQVIA	₹2.5 Lakhs to ₹8.8 Lakhs per year
Indian Institute for Human Settlements	₹3.0 Lakhs to ₹6.0 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 External Consultant at McKinsey & Company in India?

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

Experience	Average Salary Range
3 years	₹16.0 Lakhs to ₹56.0 Lakhs per year
4 years	₹28.7 Lakhs to ₹36.6 Lakhs per year
5 years	₹17.0 Lakhs to ₹58.6 Lakhs per year
6 years	₹29.9 Lakhs to ₹38.3 Lakhs per year

and so on.

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McKinsey & Company External Consultant Salaries

McKinsey & Company External Consultant salary in India ranges between ₹16 Lakhs to ₹48 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 McKinsey & Company latest salaries received from various employees of McKinsey & Company.