McKinsey & Company Junior Software Engineer Salaries by 5 Employees

0 - 1 year exp.

₹13.3 Lakhs - ₹15 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

220% more than the average Junior Software Engineer Salary in Management Consulting Companies for 0 - 1 year of experience

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Last Updated: 1 Aug 2023

Companies similar to McKinsey & Company for Junior Software Engineer

Company name	Avg Annual Salary	Open Jobs
Deloitte Junior Software Engineer Salary Fresher (8 salaries)	₹6 L/yr - ₹12 L/yr 52% less
BCG Junior Software Engineer Salary 0 - 2 years exp. (5 salaries)	₹9 L/yr - ₹14 L/yr 23% less
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PwC Junior Software Engineer Salary 0 - 3 years exp. (4 salaries)	₹4.6 L/yr - ₹9.1 L/yr 54% less
Ernst & Young Junior Software Engineer Salary 0 - 2 years exp. (3 salaries)	₹3.5 L/yr - ₹7 L/yr 65% less
ZS Junior Software Engineer Salary Fresher (3 salaries)	₹8.9 L/yr - ₹14 L/yr 20% less

Junior Software Engineer salary at McKinsey & Company ranges between ₹13.3 Lakhs to ₹15 Lakhs per year for employees with less than 1 year of experience. Salary estimates are based on 5 latest salaries received from various employees of McKinsey & Company.

Experience wise McKinsey & Company Junior Software Engineer salaries

Last Updated: 1 Aug 2023

Experience	Avg Annual Salary
Fresher (4 salaries)	₹13.3 L/yr - ₹15 L/yr
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1 year (AmbitionBox Estimate)	₹15 L/yr - ₹15 L/yr

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Salary related reviews for McKinsey & Company

Junior Associate in Mumbai

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1.0

• posted on 09 Jun 2024

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Good salary and benefits, specifically for the consulting path

Salary - Excellent

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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

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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.

Skill development - Bad

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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?

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McKinsey & Company Junior Software Engineer Salary FAQs

What is the salary of Junior Software Engineer at McKinsey & Company ?

The average salary of a Junior Software Engineer at McKinsey & Company in India typically ranges from ₹13.3 Lakhs to ₹15.0 Lakhs per year, depending on experience (from Fresher to 1 year).

The top 10% of Junior Software Engineer at McKinsey & Company earn more than ₹15.0 Lakhs per year, and the top 1% earn over ₹15.0 Lakhs per year. Junior Software Engineer 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 5 McKinsey & Company employees in India.

What is the estimated take home salary of a Junior Software Engineer at McKinsey & Company in India?

The estimated take-home salary of a Junior Software Engineer at McKinsey & Company in India typically ranges from ₹1,00,555 to ₹1,03,294 per month. This is based on the average salary range of ₹13.3 Lakhs to ₹15.0 Lakhs per year for employees with experience ranging from Fresher to 1 year.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 5 salaries received from various employees of McKinsey & Company. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Junior Software Engineer in companies similar to McKinsey & Company in India?

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

ZS	₹8.9 Lakhs to ₹14.0 Lakhs per year
BCG	₹9.0 Lakhs to ₹14.0 Lakhs per year
Deloitte	₹6.0 Lakhs to ₹12.0 Lakhs per year
PwC	₹4.6 Lakhs to ₹9.1 Lakhs per year
Ernst & Young	₹3.5 Lakhs to ₹7.0 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 Software Engineer at McKinsey & Company in India?

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

Experience	Average Salary Range
Fresher	₹13.3 Lakhs to ₹15.0 Lakhs per year
1 year	₹15.0 Lakhs to ₹15.0 Lakhs per year

and so on.

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McKinsey & Company Junior Software Engineer Salaries

McKinsey & Company Junior Software Engineer salary in India ranges between ₹13.3 Lakhs to ₹15 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 McKinsey & Company latest salaries received from various employees of McKinsey & Company.