McKinsey & Company Mumbai Practice Specialist Salaries by 4 Employees

8 - 10 years exp.

₹56 Lakhs - ₹66 Lakhs

Salary of majority employees

988% more than the average Practice Specialist Salary in Management Consulting Companies for 8 - 10 years of experience

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Salaries in different departments

Strategic & Top Management Practice Specialist Salary 8 - 10 years exp. (3 salaries)	₹56 L/yr - ₹61 L/yr
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Data Science & Analytics Practice Specialist Salary 10 years exp. (AmbitionBox Estimate)	₹60.5 L/yr - ₹66 L/yr

Last Updated: 18 Nov 2023

Companies similar to McKinsey & Company for Practice Specialist in Mumbai

McKinsey & Company Practice Specialist Salary

8 - 10 years exp. (4 salaries)

₹56 L/yr - ₹66 L/yr

Company name	Avg Annual Salary	Open Jobs
Wipro Practice Specialist Salary 6 - 9 years exp. (5 salaries)	₹4.5 L/yr - ₹5.5 L/yr 91% less

Practice Specialist salary at McKinsey & Company ranges between ₹56 Lakhs to ₹66 Lakhs per year for employees with experience between 8 years to 10 years. Salary estimates are based on 4 latest salaries received from various employees of McKinsey & Company.

Experience wise McKinsey & Company Practice Specialist salaries in Mumbai

Last Updated: 18 Nov 2023

Experience	Avg Annual Salary
8 years (AmbitionBox Estimate)	₹23.9 L/yr - ₹61 L/yr
9 years (AmbitionBox Estimate)	₹56 L/yr - ₹1.1 Cr/yr
Login to view exact salary
10 years (AmbitionBox Estimate)	₹56 L/yr - ₹66 L/yr

Salary related reviews for McKinsey & Company

Junior Associate in Mumbai

Full Time

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1.0

• posted on 09 Jun 2024

5.0

for Salary and Benefits

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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

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Dislikes

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Financial Associate in Chennai

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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

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Dislikes

Very competitive environment. Need to upgrade your skills to survive. Hike percentage is low on yearly basis.

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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

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...was just done as formality. Its more like a monopoly and leads are very partial. Compensation is way below the market standards.

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McKinsey & Company Practice Specialist Salary FAQs

What is the salary of Practice Specialist at McKinsey & Company in Mumbai?

The average salary of a Practice Specialist at McKinsey & Company in Mumbai typically ranges from ₹56.0 Lakhs to ₹66.0 Lakhs per year, depending on experience (from 8 years to 10 years).

The top 10% of Practice Specialist in Mumbai at McKinsey & Company earn more than ₹66.0 Lakhs per year, and the top 1% earn over ₹66.0 Lakhs per year. Practice Specialist 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 4 McKinsey & Company employees in India.

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

The estimated take-home salary of a Practice Specialist at McKinsey & Company in Mumbai typically ranges from ₹3,33,425 to ₹3,45,673 per month. This is based on the average salary range of ₹56.0 Lakhs to ₹66.0 Lakhs per year for employees with experience ranging from 8 years to 10 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 4 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 Practice Specialist in companies similar to McKinsey & Company in Mumbai?

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

Wipro

₹4.5 Lakhs to ₹5.5 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 Practice Specialist at McKinsey & Company in Mumbai?

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

Experience	Average Salary Range
8 years	₹23.9 Lakhs to ₹61.0 Lakhs per year
9 years	₹56.0 Lakhs to ₹107.8 Lakhs per year
10 years	₹56.0 Lakhs to ₹66.0 Lakhs per year

and so on.

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McKinsey & Company Practice Specialist Salaries in Mumbai

McKinsey & Company Practice Specialist salary in Mumbai ranges between ₹56 Lakhs to ₹66 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 McKinsey & Company latest salaries received from various employees of McKinsey & Company.