McKinsey & Company Mumbai Management Consultant Salaries by 5 Employees (Updated 2025)

3 - 10 years exp.

₹33 Lakhs - ₹50 Lakhs

Salary of majority employees

Fixed (77%)

₹31.4 Lakhs

Variable (23%)

₹9.3 Lakhs

44% more than the average Management Consultant Salary in Management Consulting Companies for 3 - 10 years of experience

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Last Updated: 24 Feb 2025

Companies similar to McKinsey & Company for Management Consultant in Mumbai

McKinsey & Company Management Consultant Salary

3 - 10 years exp. (5 salaries)

₹33 L/yr - ₹50 L/yr

Company name	Avg Annual Salary	Open Jobs
Bain & Company Management Consultant Salary 1 - 11 years exp. (6 salaries)	₹32 L/yr - ₹67 L/yr 19% more
BCG Management Consultant Salary 1 - 9 years exp. (20 salaries)	₹24 L/yr - ₹60 L/yr 11% more
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Deloitte Management Consultant Salary 0 - 8 years exp. (65 salaries)	₹10 L/yr - ₹36 L/yr 45% less
Accenture Management Consultant Salary 2 - 13 years exp. (362 salaries)	₹14 L/yr - ₹47 L/yr 22% less
KPMG India Management Consultant Salary 2 - 7 years exp. (54 salaries)	₹8.8 L/yr - ₹33.2 L/yr 54% less
PwC Management Consultant Salary 0 - 8 years exp. (92 salaries)	₹9.7 L/yr - ₹35 L/yr 44% less
Ernst & Young Management Consultant Salary 2 - 20 years exp. (40 salaries)	₹12 L/yr - ₹36 L/yr 28% less	1 job opening
Capgemini Management Consultant Salary 1 - 10 years exp. (51 salaries)	₹9.5 L/yr - ₹26.4 L/yr 58% less
IBM Management Consultant Salary 12 - 20 years exp. (29 salaries)	₹17 L/yr - ₹37 L/yr 20% less	2 job openings
TCS Management Consultant Salary 1 - 9 years exp. (7 salaries)	₹10.3 L/yr - ₹36.6 L/yr 37% less
Mott MacDonald Management Consultant Salary 1 - 6 years exp. (7 salaries)	₹5 L/yr - ₹7 L/yr 85% less
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Kearney Management Consultant Salary 1 - 4 years exp. (6 salaries)	₹29 L/yr - ₹48 L/yr 14% less
Zinnov Management Consulting Management Consultant Salary 2 - 5 years exp. (5 salaries)	₹8 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 56% 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 5 latest salaries received from various employees of McKinsey & Company.

Experience wise McKinsey & Company Management Consultant salaries in Mumbai

Last Updated: 24 Feb 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹15.5 L/yr - ₹50 L/yr
4 years (AmbitionBox Estimate)	₹33 L/yr - ₹71.6 L/yr
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5 years (AmbitionBox Estimate)	₹36.7 L/yr - ₹46.9 L/yr
6 years (AmbitionBox Estimate)	₹34 L/yr - ₹75.1 L/yr
7 years (AmbitionBox Estimate)	₹38.4 L/yr - ₹49.1 L/yr
8 years (AmbitionBox Estimate)	₹39.3 L/yr - ₹50.2 L/yr
9 years (AmbitionBox Estimate)	₹35 L/yr - ₹80.3 L/yr
10 years (AmbitionBox Estimate)	₹18.2 L/yr - ₹50 L/yr

View all

Similar Designation salaries in McKinsey & Company

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Associate Consultant Salary

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₹18 L/yr - ₹56 L/yr

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₹16.43 L/yr - ₹24 L/yr

Salary related reviews for McKinsey & Company

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Financial Associate in Chennai

Full Time

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...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

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• posted on 07 Jan 2023

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for Salary and Benefits

Likes

desk job. good start for a fresher

Job security - Good

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...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

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a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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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 44% more than the average Management Consultant Salary in India. Salary estimates are based on 5 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 44% 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 - ₹32.0 Lakhs to ₹67.0 Lakhs per year
BCG Management Consultant Salary - ₹24.0 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 - ₹12.0 Lakhs to ₹36.0 Lakhs per year
TCS Management Consultant Salary - ₹10.3 Lakhs to ₹36.6 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 ₹2,42,377 per month to ₹2,52,199 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 5 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 5 McKinsey & Company latest salaries received from various employees of McKinsey & Company.