McKinsey & Company Financial Associate Salaries by 70+ Employees (Updated 2025)

1 - 5 years exp.

₹2 Lakhs - ₹6.7 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakh

Monthly In-hand Salary

At par with the average Financial Associate Salary in Management Consulting Companies for 1 - 5 years of experience

Interested in this particular role?

Salaries in different departments

Finance & Accounting Financial Associate Salary 1 - 5 years exp. (55 salaries)	₹3.5 L/yr - ₹6.7 L/yr
Login to view exact salary
Human Resources Financial Associate Salary 2 - 5 years exp. (5 salaries)	₹5 L/yr - ₹6.6 L/yr

Last Updated: 4 Apr 2025

Companies similar to McKinsey & Company for Financial Associate

Company name	Avg Annual Salary	Open Jobs
Ernst & Young Financial Associate Salary 1 - 5 years exp. (80 salaries)	₹2.9 L/yr - ₹7 L/yr 4% more
ZS Financial Associate Salary 1 - 6 years exp. (62 salaries)	₹4 L/yr - ₹11.2 L/yr 68% more	2 job openings
Login to view exact salary
PwC Financial Associate Salary 0 - 5 years exp. (32 salaries)	₹4.6 L/yr - ₹14.7 L/yr 66% more	2 job openings
BCG Financial Associate Salary 1 - 5 years exp. (19 salaries)	₹4.5 L/yr - ₹15 L/yr 103% more
Deloitte Financial Associate Salary 0 - 4 years exp. (17 salaries)	₹3.5 L/yr - ₹11 L/yr 26% more
Bain & Company Financial Associate Salary 2 - 8 years exp. (16 salaries)	₹5.5 L/yr - ₹10 L/yr 49% more
KPMG India Financial Associate Salary 0 - 5 years exp. (7 salaries)	₹4 L/yr - ₹7.3 L/yr 5% less
Protiviti Financial Associate Salary 1 - 3 years exp. (6 salaries)	₹3.4 L/yr - ₹5 L/yr 20% less
Willis Towers Watson Financial Associate Salary 1 - 6 years exp. (4 salaries)	₹3 L/yr - ₹3.5 L/yr 36% less
RSM US in India Financial Associate Salary 0 - 5 years exp. (4 salaries)	₹6 L/yr - ₹10 L/yr 46% more

Financial Associate salary at McKinsey & Company ranges between ₹2 Lakhs to ₹6.7 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 73 latest salaries received from various employees of McKinsey & Company.

Latest annual salaries shared by McKinsey & Company Financial Associate

1d ago

₹6 Lakhs

5 years exp.

2w ago

₹4.7 Lakhs

4 years exp.

2w ago

₹3.6 Lakhs

1 year exp.

2w ago

₹4.3 Lakhs

1 year exp.

3w ago

₹5 Lakhs

5 years exp.

1mo ago

4 years exp.

1mo ago

3 years exp.

2mo ago

2 years exp.

2mo ago

5 years exp.

3mo ago

5 years exp.

Experience wise McKinsey & Company Financial Associate salaries

Last Updated: 4 Apr 2025

Experience	Avg Annual Salary
1 year (5 salaries)	₹3.6 L/yr - ₹7.9 L/yr
2 years (11 salaries)	₹3.6 L/yr - ₹5.9 L/yr
Login to view exact salary
3 years (22 salaries)	₹2 L/yr - ₹6.2 L/yr
4 years (25 salaries)	₹3.7 L/yr - ₹6.7 L/yr
5 years (10 salaries)	₹4 L/yr - ₹6.6 L/yr

Similar Designation salaries in McKinsey & Company

Senior Associate Salary

(52 salaries)

₹22 L/yr - ₹72 L/yr

Financial Analyst Salary

(74 salaries)

₹2.25 L/yr - ₹6.75 L/yr

Process Associate Salary

(78 salaries)

₹2.5 L/yr - ₹4.9 L/yr

Finance Executive Salary

(8 salaries)

₹16.28 L/yr - ₹17.64 L/yr

Senior Process Associate Salary

(53 salaries)

₹3.6 L/yr - ₹7 L/yr

Analyst Salary

(239 salaries)

₹17.23 L/yr - ₹26.72 L/yr

Account Assistant Salary

(AmbitionBox Estimate)

₹5.8 L/yr - ₹7.4 L/yr

Senior Analyst Salary

(191 salaries)

₹15 L/yr - ₹37 L/yr

Management Trainee Salary

(12 salaries)

₹12 L/yr - ₹35 L/yr

Team Lead Salary

(46 salaries)

₹5.5 L/yr - ₹20.9 L/yr

Top skills at McKinsey & Company for Financial Associate

Auditing Payroll Processing Payroll P2P Invoice Processing Payroll Administration salary processing US Payroll Payroll Management 401K PF Act

Salary related reviews for McKinsey & Company

3.7

Rated by 6 employees for salary & benefits

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.

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

Process Associate in Chennai

Finance & Accounting Department

4.0

• posted on 14 Apr 2022

3.0

for Salary and Benefits

Likes

For a fresher, it is advised not to start a career in Mckinsey because the salary would be way less than the market average. But for an experienced professional, the company will provide better package. Compare to other organization mckinsey will only be having 8 hrs of working( 7+1 ) Job safety and leave are one of the advantage Sodexo is an additional advantage

Job security - Excellent

+1 more

Dislikes

Career growth and opportunity would be slow. HR and management won't consider much about employee issues like long working hours ( work from home ), stressful work. Micro management can be expected from certain teams. For an experienced professional journey would be smooth compared to a fresher. Expense reimbursement of stakeholders roles doesn't have any career growth since the role is limited within McKinsey.

Work satisfaction - Poor

+1 more

Analyst in Gurgaon / Gurugram

NA Department

5.0

• posted on 29 Jul 2022

5.0

for Salary and Benefits

Likes

...on different studies with accomplished managers, partners has a profound impact. The salary is good. Additional benefits are best-in-class.

Salary - Excellent

+3 more

Dislikes

Up or out. You have to consistently perform, or you are looking at exit. Plus, you are not becoming an expert in any field, as in you may be consulting, but consulting and getting things done are two different things.

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

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

Got a question about McKinsey & Company?

Ask anonymously on communities.

McKinsey & Company Financial Associate Salary FAQs

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

The average salary of a Financial Associate at McKinsey & Company in India typically ranges from ₹2.0 Lakhs to ₹6.7 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Financial Associate at McKinsey & Company earn more than ₹6.0 Lakhs per year, and the top 1% earn over ₹6.7 Lakhs per year. Financial Associate 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 70+ McKinsey & Company employees in India.

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

The estimated take-home salary of a Financial Associate at McKinsey & Company in India typically ranges from ₹37,412 to ₹38,616 per month. This is based on the average salary range of ₹2.0 Lakhs to ₹6.7 Lakhs per year for employees with experience ranging from 1 year to 5 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 70+ salaries received from various employees of McKinsey & Company. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Financial Associate at McKinsey & Company ?

To be a Financial Associate at McKinsey & Company in india, the key skills required include:

- Auditing
- Payroll Processing
- Payroll
- P2P
- Invoice Processing

These skills are highly valued at McKinsey & Company and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than McKinsey & Company for Financial Associate in India?

BCG	₹4.5 Lakhs to ₹15.0 Lakhs per year
ZS	₹4.0 Lakhs to ₹11.2 Lakhs per year
PwC	₹4.6 Lakhs to ₹14.7 Lakhs per year
Bain & Company	₹5.5 Lakhs to ₹10.0 Lakhs per year
RSM US in India	₹6.0 Lakhs to ₹10.0 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 Financial Associate in companies similar to McKinsey & Company in India?

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

Deloitte	₹3.5 Lakhs to ₹11.0 Lakhs per year
Ernst & Young	₹2.9 Lakhs to ₹7.0 Lakhs per year
KPMG India	₹4.0 Lakhs to ₹7.3 Lakhs per year
Protiviti	₹3.4 Lakhs to ₹5.0 Lakhs per year
Willis Towers Watson	₹3.0 Lakhs to ₹3.5 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 Financial Associate at McKinsey & Company in India?

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

Experience	Average Salary Range
1 year	₹3.6 Lakhs to ₹7.9 Lakhs per year
2 years	₹3.6 Lakhs to ₹5.9 Lakhs per year
3 years	₹2.0 Lakhs to ₹6.2 Lakhs per year
4 years	₹3.7 Lakhs to ₹6.7 Lakhs per year

and so on.

Tell us how to improve this page.

McKinsey & Company Financial Associate Salaries by Location

Home >
Salaries >
McKinsey & Company Salaries >
McKinsey & Company Financial Associate Salaries

McKinsey & Company Financial Associate salary in India ranges between ₹2 Lakhs to ₹6.7 Lakhs with an average annual salary of ₹. Salary estimates are based on 73 McKinsey & Company latest salaries received from various employees of McKinsey & Company.

McKinsey & Company Financial Associate salaries in India (Updated 2025)

Companies similar to McKinsey & Company for Financial Associate

Latest annual salaries shared by McKinsey & Company Financial Associate

Experience wise McKinsey & Company Financial Associate salaries

Similar Designation salaries in McKinsey & Company

Top skills at McKinsey & Company for Financial Associate

Salary related reviews for McKinsey & Company

Financial Associate in Chennai

Senior Process Associate in Bangalore / Bengaluru

Process Associate in Chennai

Analyst in Gurgaon / Gurugram

Junior Associate in Mumbai

McKinsey & Company Financial Associate Salary FAQs

Tell us how to improve this page.

McKinsey & Company Financial Associate Salaries by Location