McKinsey & Company Principal Engineer 1 Salaries by Employees (Updated 2024)

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₹52.3 Lakhs - ₹57.8 Lakhs

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Last Updated: 29 Aug 2024

Companies similar to McKinsey & Company for Principal Engineer 1

Company name	Avg Annual Salary	Open Jobs
HARMAN Principal Engineer 1 Salary 9 - 13 years exp. (48 salaries)	₹18.4 L/yr - ₹42 L/yr 40% less	2 job openings
Connectwise India Principal Engineer 1 Salary 7 - 11 years exp. (6 salaries)	₹27 L/yr - ₹35 L/yr 43% less
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Taal Tech India Principal Engineer 1 Salary 10 - 16 years exp. (5 salaries)	₹11 L/yr - ₹16.2 L/yr 74% less
Bhavna Corp. Principal Engineer 1 Salary 6 - 9 years exp. (5 salaries)	₹15.3 L/yr - ₹21.3 L/yr 68% less
Samsung E&A Principal Engineer 1 Salary 12 - 19 years exp. (4 salaries)	₹20 L/yr - ₹28 L/yr 58% less

Principal Engineer 1 salary at McKinsey & Company ranges between ₹52.3 Lakhs to ₹57.8 Lakhs per year for employees with 15+ years of experience. Salary estimates are based on 1 latest salaries received from various employees of McKinsey & Company.

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Salary related reviews for McKinsey & Company

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

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)

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

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.

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.

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

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

Senior Process Associate in Bangalore / Bengaluru

Full Time

Finance & Accounting Department

5.0

• posted on 18 Feb 2022

2.0

for Salary and Benefits

Likes

We do have job security and opportunities to learn

Dislikes

...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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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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McKinsey & Company Principal Engineer 1 Salary FAQs

What is the notice period for Principal Engineer 1 at McKinsey & Company?

According to AmbitionBox, 100% of the McKinsey & Company Principal Engineer 1s reported a notice period of 1 Month.This is based on 1 response on AmbitionBox in last 2 years.

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McKinsey & Company Principal Engineer 1 Salaries

McKinsey & Company Principal Engineer 1 salary in India ranges between ₹52.3 Lakhs to ₹57.8 Lakhs. This is an estimate based on latest salaries received from employees of McKinsey & Company.