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

Annual salary range
0 - 6 years exp.
₹23 Lakhs - ₹47.5 Lakhs
Salary of majority employees
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909% more than the average Junior Associate Salary in Management Consulting Companies for 0 - 6 years of experience

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Salaries in different departments

Consulting
Junior Associate Salary
0 - 5 years exp. (77 salaries)
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₹23 L/yr - ₹47.5 L/yr

Strategic & Top Management
Junior Associate Salary
0 - 5 years exp. (21 salaries)
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₹25 L/yr - ₹47 L/yr

Project & Program Management
Junior Associate Salary
2 - 6 years exp. (3 salaries)
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₹35 L/yr - ₹40 L/yr

Procurement & Supply Chain
Junior Associate Salary
1 - 3 years exp. (3 salaries)
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₹30.5 L/yr - ₹36.5 L/yr

Last Updated: 15 Mar 2025

Companies similar to McKinsey & Company for Junior Associate

Company name Avg Annual Salary Open Jobs
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₹1.9 L/yr - ₹3.5 L/yr

arrow icon 92% less
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Deloitte Junior Associate Salary

0 - 2 years exp. (16 salaries)

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₹1.8 L/yr - ₹8 L/yr

arrow icon 90% less
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Bain & Company Junior Associate Salary

0 - 1 year exp. (8 salaries)

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₹5.8 L/yr - ₹12 L/yr

arrow icon 77% less
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PwC Junior Associate Salary

0 - 3 years exp. (7 salaries)

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₹4.9 L/yr - ₹11 L/yr

arrow icon 79% less
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BCG Junior Associate Salary

0 - 1 year exp. (5 salaries)

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₹20 L/yr - ₹32 L/yr

arrow icon 29% less
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KPMG India Junior Associate Salary

0 - 1 year exp. (5 salaries)

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₹1 L/yr - ₹6 L/yr

arrow icon 92% less
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Ernst & Young Junior Associate Salary

0 - 1 year exp. (4 salaries)

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₹3.2 L/yr - ₹6.5 L/yr

arrow icon 90% less
Junior Associate salary at McKinsey & Company ranges between ₹23 Lakhs to ₹47.5 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 154 latest salaries received from various employees of McKinsey & Company.

Latest annual salaries shared by McKinsey & Company Junior Associate

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Experience wise McKinsey & Company Junior Associate salaries

Last Updated: 15 Mar 2025

Experience Avg Annual Salary
Fresher  (25 salaries)

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₹25 L/yr - ₹42 L/yr
1 year  (30 salaries)

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₹25 L/yr - ₹42 L/yr
2 years  (32 salaries)

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₹23 L/yr - ₹47 L/yr
3 years  (27 salaries)

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₹24.9 L/yr - ₹47.5 L/yr
4 years  (26 salaries)

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₹25 L/yr - ₹47 L/yr
View all

Similar Designation salaries in McKinsey & Company

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₹22 L/yr - ₹72 L/yr
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₹2.5 L/yr - ₹4.9 L/yr
Audit Assistant Salary
(AmbitionBox Estimate)
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₹5.6 L/yr - ₹7.1 L/yr
Senior Analyst Salary
(189 salaries)
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₹11.91 L/yr - ₹37 L/yr
Account Assistant Salary
(AmbitionBox Estimate)
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₹5.8 L/yr - ₹7.4 L/yr
Analyst Salary
(237 salaries)
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₹17 L/yr - ₹28 L/yr
Accountant Salary
(4 salaries)
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₹2.4 L/yr - ₹18.87 L/yr
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₹15.84 L/yr - ₹16.92 L/yr
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₹2.25 L/yr - ₹6.75 L/yr
Deputy Manager Salary
(5 salaries)
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₹12.25 L/yr - ₹45 L/yr

Top skills at McKinsey & Company for Junior Associate

Client Engagement Analytical Chemistry Training Digital Marketing Computer Networking Sales Operations Client Management Manual Testing Focus

Salary related reviews for McKinsey & Company

4.2

Rated by 5 employees for salary & benefits

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

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

 · 

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.

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McKinsey & Company Junior Associate Salary FAQs

What is the salary of Junior Associate at McKinsey & Company ?
The average salary of a Junior Associate at McKinsey & Company in India typically ranges from ₹23.0 Lakhs to ₹47.5 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Junior Associate at McKinsey & Company earn more than ₹42.0 Lakhs per year, and the top 1% earn over ₹47.0 Lakhs per year. Junior 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 100+ McKinsey & Company employees in India.
What is the estimated take home salary of a Junior Associate at McKinsey & Company in India?
The estimated take-home salary of a Junior Associate at McKinsey & Company in India typically ranges from ₹2,30,542 to ₹2,39,829 per month. This is based on the average salary range of ₹23.0 Lakhs to ₹47.5 Lakhs per year for employees with experience ranging from Fresher to 6 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 100+ 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 Junior Associate at McKinsey & Company ?
To be a Junior Associate at McKinsey & Company in india, the key skills required include:

  • - Client Engagement
  • - Analytical Chemistry
  • - Training
  • - Digital Marketing
  • - Computer Networking

These skills are highly valued at McKinsey & Company and are crucial for successful performance in a Software Engineering role.
What is the salary of a Junior Associate in companies similar to McKinsey & Company in India?
The salary of a Junior Associate at companies similar to McKinsey & Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

BCG ₹20.0 Lakhs to ₹32.0 Lakhs per year
Bain & Company ₹5.8 Lakhs to ₹12.0 Lakhs per year
PwC ₹4.9 Lakhs to ₹11.0 Lakhs per year
Ernst & Young ₹3.2 Lakhs to ₹6.5 Lakhs per year
Deloitte ₹1.8 Lakhs to ₹8.0 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 Junior Associate at McKinsey & Company in India?
The salary growth for a Junior Associate at McKinsey & Company depends on factors such as experience, performance, and promotions. On average, a Junior Associate can expect the following growth trajectory at McKinsey & Company:

Experience Average Salary Range
Fresher ₹25.0 Lakhs to ₹42.0 Lakhs per year
1 year ₹25.0 Lakhs to ₹42.0 Lakhs per year
2 years ₹23.0 Lakhs to ₹47.0 Lakhs per year
3 years ₹24.9 Lakhs to ₹47.5 Lakhs per year
and so on.

Tell us how to improve this page.

McKinsey & Company Junior Associate salary in India ranges between ₹23 Lakhs to ₹47.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 154 McKinsey & Company latest salaries received from various employees of McKinsey & Company.