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

Annual salary range
1 - 5 years exp.
₹3.5 Lakhs - ₹6.7 Lakhs
Avg. annual salary
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Fixed
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Variable
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Monthly In-hand Salary

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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. (41 salaries)
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₹3.5 L/yr - ₹6.7 L/yr

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

Last Updated: 4 Apr 2025

Companies similar to McKinsey & Company for Financial Associate in Chennai

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McKinsey & Company Financial Associate Salary

1 - 5 years exp. (52 salaries)

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₹3.5 L/yr - ₹6.7 L/yr

vs
Company name Avg Annual Salary Open Jobs
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R.R. Donnelley Financial Associate Salary

0 - 4 years exp. (452 salaries)

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₹1.5 L/yr - ₹4.3 L/yr

arrow icon 39% less
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DXC Technology Financial Associate Salary

1 - 7 years exp. (67 salaries)

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₹1.7 L/yr - ₹5.3 L/yr

arrow icon 33% less
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Accenture Financial Associate Salary

0 - 6 years exp. (61 salaries)

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₹1.6 L/yr - ₹5.2 L/yr

arrow icon 21% less
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₹1.7 L/yr - ₹3.1 L/yr

arrow icon 49% less
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Wells Fargo Financial Associate Salary

0 - 11 years exp. (39 salaries)

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₹6.9 L/yr - ₹17.2 L/yr

arrow icon 157% more
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 52 latest salaries received from various employees of McKinsey & Company.

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

1w ago
₹6 Lakhs
5 years exp.
2w ago
₹4.7 Lakhs
4 years exp.
3w ago
₹3.6 Lakhs
1 year exp.
3w ago
₹4.3 Lakhs
1 year exp.
1mo ago
₹4.5 Lakhs
3 years exp.
3mo ago
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2 years exp.
3mo ago
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2 years exp.
4mo ago
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5 years exp.
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2 years exp.

Experience wise McKinsey & Company Financial Associate salaries in Chennai

Last Updated: 4 Apr 2025

Experience Avg Annual Salary
1 year  (5 salaries)

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₹3.6 L/yr - ₹4.3 L/yr
2 years  (7 salaries)

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₹3.6 L/yr - ₹5 L/yr
3 years  (14 salaries)

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₹3.5 L/yr - ₹5.8 L/yr
4 years  (20 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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₹2.5 L/yr - ₹4.9 L/yr
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₹2.25 L/yr - ₹6.96 L/yr
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₹3.6 L/yr - ₹7 L/yr
Team Lead Salary
(23 salaries)
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₹5.5 L/yr - ₹18 L/yr
Analyst Salary
(21 salaries)
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₹14.64 L/yr - ₹19.45 L/yr
Senior Analyst Salary
(10 salaries)
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₹29.63 L/yr - ₹36.4 L/yr
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₹4.5 L/yr - ₹9.74 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
  • Salary - Good
  • +6 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

  • 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

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
  • 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.

read more
  • Work satisfaction - Poor
  • +1 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
  • 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.

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

  • 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
see more salary related reviews

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McKinsey & Company Financial Associate Salary FAQs

What is the salary of Financial Associate at McKinsey & Company in Chennai?
The average salary of a Financial Associate at McKinsey & Company in Chennai typically ranges from ₹3.5 Lakhs to ₹6.7 Lakhs per year, depending on experience (from 1 year to 5 years).

The top 10% of Financial Associate in Chennai at McKinsey & Company earn more than ₹5.8 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 50+ McKinsey & Company employees in India.
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 in Chennai typically ranges from ₹34,715 to ₹35,959 per month. This is based on the average salary range of ₹3.5 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 50+ 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 in Chennai?
To be a Financial Associate at McKinsey & Company in Chennai, 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?
Wells Fargo ₹6.9 Lakhs to ₹17.2 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 Chennai?
The salary of a Financial Associate at companies similar to McKinsey & Company in Chennai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Accenture ₹1.6 Lakhs to ₹5.2 Lakhs per year
DXC Technology ₹1.7 Lakhs to ₹5.3 Lakhs per year
R.R. Donnelley ₹1.5 Lakhs to ₹4.3 Lakhs per year
EDGAR EFILE SOLUTIONS ₹1.7 Lakhs to ₹3.1 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 Chennai?
The salary growth for a Financial Associate at McKinsey & Company in Chennai depends on factors such as experience, performance, and promotions. On average, a Financial Associate in Chennai can expect the following growth trajectory at McKinsey & Company:

Experience Average Salary Range
1 year ₹3.6 Lakhs to ₹4.3 Lakhs per year
2 years ₹3.6 Lakhs to ₹5.0 Lakhs per year
3 years ₹3.5 Lakhs to ₹5.8 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 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 52 McKinsey & Company latest salaries received from various employees of McKinsey & Company.