McKinsey & Company Mumbai Management Consultant Salaries by 4 Employees (Updated 2025)

3 - 10 years exp.

₹33 Lakhs - ₹50 Lakhs

Salary of majority employees

48% more than the average Management Consultant Salary in Management Consulting Companies for 3 - 10 years of experience

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Last Updated: 13 Aug 2024

Companies similar to McKinsey & Company for Management Consultant in Mumbai

McKinsey & Company Management Consultant Salary

3 - 10 years exp. (4 salaries)

₹33 L/yr - ₹50 L/yr

Company name	Avg Annual Salary	Open Jobs
Bain & Company Management Consultant Salary 1 - 12 years exp. (8 salaries)	₹20 L/yr - ₹67 L/yr 12% more
BCG Management Consultant Salary 2 - 9 years exp. (22 salaries)	₹20.4 L/yr - ₹60 L/yr 2% more
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Deloitte Management Consultant Salary 1 - 7 years exp. (67 salaries)	₹10 L/yr - ₹36 L/yr 45% less	1 job opening
Accenture Management Consultant Salary 2 - 13 years exp. (356 salaries)	₹14 L/yr - ₹47 L/yr 24% less	1 job opening
KPMG India Management Consultant Salary 2 - 7 years exp. (55 salaries)	₹8.9 L/yr - ₹33.1 L/yr 56% less
PwC Management Consultant Salary 0 - 8 years exp. (91 salaries)	₹9.7 L/yr - ₹35 L/yr 43% less
Ernst & Young Management Consultant Salary 2 - 15 years exp. (36 salaries)	₹19.6 L/yr - ₹35 L/yr 31% less	1 job opening
Capgemini Management Consultant Salary 0 - 10 years exp. (49 salaries)	₹9.5 L/yr - ₹26.4 L/yr 61% less
IBM Management Consultant Salary 12 - 20 years exp. (28 salaries)	₹17 L/yr - ₹37 L/yr 23% less	1 job opening
TCS Management Consultant Salary 1 - 9 years exp. (7 salaries)	₹10.3 L/yr - ₹36.6 L/yr 47% less
Mott MacDonald Management Consultant Salary 1 - 6 years exp. (7 salaries)	₹5 L/yr - ₹7 L/yr 86% less
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Kearney Management Consultant Salary 1 - 6 years exp. (7 salaries)	₹29 L/yr - ₹48 L/yr 14% less
Zinnov Management Consulting Management Consultant Salary 2 - 5 years exp. (4 salaries)	₹12 L/yr - ₹15.3 L/yr 68% less
Korn Ferry Management Consultant Salary 7 - 19 years exp. (3 salaries)	₹13 L/yr - ₹28 L/yr 57% less

Management Consultant salary at McKinsey & Company ranges between ₹33 Lakhs to ₹50 Lakhs per year for employees with experience between 3 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of McKinsey & Company.

Experience wise McKinsey & Company Management Consultant salaries in Mumbai

Last Updated: 13 Aug 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹15.8 L/yr - ₹50 L/yr
4 years (AmbitionBox Estimate)	₹33 L/yr - ₹73.2 L/yr
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5 years (AmbitionBox Estimate)	₹37.5 L/yr - ₹47.9 L/yr
6 years (AmbitionBox Estimate)	₹34 L/yr - ₹76.9 L/yr
7 years (AmbitionBox Estimate)	₹39.4 L/yr - ₹50.3 L/yr
8 years (AmbitionBox Estimate)	₹40.3 L/yr - ₹51.5 L/yr
9 years (AmbitionBox Estimate)	₹41.3 L/yr - ₹52.7 L/yr
10 years (AmbitionBox Estimate)	₹18.8 L/yr - ₹50 L/yr

View all

Similar Designation salaries in McKinsey & Company

Senior Consultant Salary

(10 salaries)

₹20 L/yr - ₹54.7 L/yr

Associate Consultant Salary

(7 salaries)

₹18 L/yr - ₹56 L/yr

Business Analyst Salary

(3 salaries)

₹15.79 L/yr - ₹19 L/yr

Salary related reviews for McKinsey & Company

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

Manager in New Delhi

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.

Skill development - Bad

+5 more

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.

Business Presentation Specialist in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 07 Jan 2023

2.0

for Salary and Benefits

Likes

desk job. good start for a fresher

Job security - Good

Dislikes

...ality its a biased place. those who the manager likes will move to better roles. salary and Hike is less when compared to same profiles on other companies

Salary - Poor

+4 more

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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McKinsey & Company Management Consultant Salary FAQs

What is the salary of Management Consultant at McKinsey & Company Mumbai?

Management Consultant salary at McKinsey & Company in Mumbai ranges between ₹33.0 Lakhs to ₹50.0 Lakhs for experience between 3 years to 10 years. According to our estimates it is 48% more than the average Management Consultant Salary in India. Salary estimates are based on 4 latest salaries received from various employees of McKinsey & Company Mumbai.

How does the salary of a Management Consultant at McKinsey & Company Mumbai compare with the average salary range for this job?

The average salary of a Management Consultant at McKinsey & Company is 48% more than the average salary of a Management Consultant in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than McKinsey & Company to a Management Consultant in Mumbai?

Bain & Company Management Consultant Salary - ₹20.0 Lakhs to ₹67.0 Lakhs per year
BCG Management Consultant Salary - ₹20.4 Lakhs to ₹60.0 Lakhs per year

What is the salary of a Management Consultant in companies similar to McKinsey & Company in Mumbai?

Kearney Management Consultant Salary - ₹29.0 Lakhs to ₹48.0 Lakhs per year
IBM Management Consultant Salary - ₹17.0 Lakhs to ₹37.0 Lakhs per year
Accenture Management Consultant Salary - ₹14.0 Lakhs to ₹47.0 Lakhs per year
Ernst & Young Management Consultant Salary - ₹19.6 Lakhs to ₹35.0 Lakhs per year
PwC Management Consultant Salary - ₹9.7 Lakhs to ₹35.0 Lakhs per year

What is the estimated take home salary of a Management Consultant at McKinsey & Company in Mumbai?

The estimated take-home salary of a Management Consultant at McKinsey & Company ranges between ₹2,47,381 per month to ₹2,57,430 per month in Mumbai. The take-home salary calculation is based on the average McKinsey & Company Management Consultant salary in India which ranges between ₹33.0 Lakhs to ₹50.0 Lakhs per year for employees with experience between 3 years to 10 years. Check how did we calculate take home salary?

What is the notice period for Management Consultant at McKinsey & Company in Mumbai?

According to AmbitionBox, 100% of the McKinsey & Company Management Consultants in Mumbai reported a notice period of 1 Month.This is based on 3 responses on AmbitionBox in last 2 years.

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McKinsey & Company Management Consultant Salaries in Mumbai

McKinsey & Company Management Consultant salary in Mumbai ranges between ₹33 Lakhs to ₹50 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 McKinsey & Company latest salaries received from various employees of McKinsey & Company.