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3.9

based on 598 Reviews

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McKinsey & Company Financial Associate salaries in Chennai

Annual salary range
1 - 5 years exp.
₹3.5 Lakhs - ₹6.7 Lakhs
Salary of majority employees
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27% more than the average Financial Associate Salary in Management Consulting Companies for 1 - 5 years of experience

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Salaries in different departments

Finance & Accounting
Financial Associate Salary
1 - 5 years exp. (40 salaries)
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₹3.5 L/yr - ₹6.7 L/yr

Human Resources
Financial Associate Salary
2 - 5 years exp. (4 salaries)
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₹4.5 L/yr - ₹6.6 L/yr

Last Updated: 14 Jan 2025

Companies similar to McKinsey & Company for Financial Associate in Chennai

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McKinsey & Company Financial Associate Salary

1 - 5 years exp. (49 salaries)

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₹3.5 L/yr - ₹6.7 L/yr

vs
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Accenture Financial Associate Salary

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₹1.7 L/yr - ₹5.2 L/yr

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₹3.3 L/yr - ₹4.6 L/yr

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TCS Financial Associate Salary

1 - 7 years exp. (4 salaries)

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₹1.5 L/yr - ₹7 L/yr

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IBM Financial Associate Salary

0 - 5 years exp. (11 salaries)

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₹2.3 L/yr - ₹4 L/yr

arrow icon 26% less
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Capgemini Financial Associate Salary

1 - 5 years exp. (8 salaries)

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₹2.1 L/yr - ₹4.3 L/yr

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Financial Associate salary at McKinsey & Company ranges between ₹3.5 Lakhs to ₹6.7 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 49 latest salaries received from various employees of McKinsey & Company.

Latest annual salaries shared by McKinsey & Company Financial Associate in Chennai

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Experience wise McKinsey & Company Financial Associate salaries in Chennai

Last Updated: 14 Jan 2025

Experience Avg Annual Salary
1 year  (4 salaries)

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₹3.7 L/yr - ₹7.7 L/yr
2 years  (6 salaries)

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₹3.7 L/yr - ₹5 L/yr
3 years  (14 salaries)

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₹3.5 L/yr - ₹5.8 L/yr
4 years  (19 salaries)

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₹3.7 L/yr - ₹6.7 L/yr
5 years  (6 salaries)

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₹4 L/yr - ₹6.6 L/yr

Similar Designation salaries in McKinsey & Company

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Team Lead Salary
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₹5.5 L/yr - ₹18 L/yr
Analyst Salary
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₹15.16 L/yr - ₹19.45 L/yr
Senior Analyst Salary
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₹29.43 L/yr - ₹38 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

3.5

Rated by 4 employees for salary & benefits

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

Dislikes

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

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

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

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

read 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.

read more

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.

read 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.

read more

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

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)

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McKinsey & Company Financial Associate Salary FAQs

What is the salary of Financial Associate at McKinsey & Company Chennai?
Financial Associate salary at McKinsey & Company in Chennai ranges between ₹3.5 Lakhs to ₹6.7 Lakhs for experience between 1 years to 5 years. According to our estimates it is 27% more than the average Financial Associate Salary in India. Salary estimates are based on 49 latest salaries received from various employees of McKinsey & Company Chennai.
How does the salary of a Financial Associate at McKinsey & Company Chennai compare with the average salary range for this job?
The average salary of a Financial Associate at McKinsey & Company is 27% more than the average salary of a Financial Associate in Chennai. To know exact salary insights, login to view.
What are the top skills required to work as a Financial Associate at McKinsey & Company?
Auditing, Payroll Processing, Payroll, P2P and Invoice Processing are some of the popular skills required to work as a Financial Associate at McKinsey & Company Chennai.
What is the salary of a Financial Associate in companies similar to McKinsey & Company in Chennai?
  • Accenture Financial Associate Salary - ₹1.7 Lakhs to ₹5.2 Lakhs per year
  • State Street Corporation Financial Associate Salary - ₹3.3 Lakhs to ₹4.6 Lakhs per year
  • IBM Financial Associate Salary - ₹2.3 Lakhs to ₹4.0 Lakhs per year
  • TCS Financial Associate Salary - ₹1.5 Lakhs to ₹7.0 Lakhs per year
  • Capgemini Financial Associate Salary - ₹2.1 Lakhs to ₹4.3 Lakhs per year
What is the estimated take home salary of a Financial Associate at McKinsey & Company in Chennai?
The estimated take-home salary of a Financial Associate at McKinsey & Company ranges between ₹33,708 per month to ₹34,967 per month in Chennai. The take-home salary calculation is based on the average McKinsey & Company Financial Associate salary in India which ranges between ₹3.5 Lakhs to ₹6.7 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?
What is the notice period for Financial Associate at McKinsey & Company in Chennai?
According to AmbitionBox, 80% of the McKinsey & Company Financial Associates in Chennai reported a notice period of 2 Months, 9% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 46 responses on AmbitionBox in last 2 years.

Tell us how to improve this page.

McKinsey & Company Financial Associate salary in Chennai ranges between ₹3.5 Lakhs to ₹6.7 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 49 McKinsey & Company latest salaries received from various employees of McKinsey & Company.