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McKinsey & Company Process Associate salaries in India

Annual salary range
2 - 6 years exp.
₹2.5 Lakhs - ₹4.9 Lakhs
Salary of majority employees
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34% more than the average Process Associate Salary in Management Consulting Companies for 2 - 6 years of experience

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Salaries in different departments

Finance & Accounting
Process Associate Salary
2 - 6 years exp. (52 salaries)
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₹2.5 L/yr - ₹4.8 L/yr

Customer Success, Service & Operations
Process Associate Salary
2 - 5 years exp. (7 salaries)
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₹3.7 L/yr - ₹4.7 L/yr

BFSI, Investments & Trading
Process Associate Salary
2 - 3 years exp. (4 salaries)
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₹3.6 L/yr - ₹4.4 L/yr

Engineering - Hardware & Networks
Process Associate Salary
2 - 5 years exp. (AmbitionBox Estimate)
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₹2.5 L/yr - ₹4.5 L/yr

Quality Assurance
Process Associate Salary
2 - 3 years exp. (AmbitionBox Estimate)
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₹3 L/yr - ₹4.4 L/yr

Last Updated: 31 Oct 2024

Companies similar to McKinsey & Company for Process Associate

Company name Avg Annual Salary Open Jobs
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PwC Process Associate Salary

0 - 6 years exp. (74 salaries)

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₹2.8 L/yr - ₹11 L/yr

arrow icon 60% more
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Deloitte Process Associate Salary

1 - 5 years exp. (61 salaries)

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₹2.7 L/yr - ₹6.5 L/yr

arrow icon 1% more
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Willis Towers Watson Process Associate Salary

0 - 5 years exp. (48 salaries)

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₹1.2 L/yr - ₹4.4 L/yr

arrow icon 35% less
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Ernst & Young Process Associate Salary

0 - 4 years exp. (41 salaries)

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₹2 L/yr - ₹7.6 L/yr

arrow icon 6% more
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KPMG India Process Associate Salary

0 - 5 years exp. (14 salaries)

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₹5.7 L/yr - ₹19.9 L/yr

arrow icon 170% more
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Gartner Process Associate Salary

0 - 4 years exp. (8 salaries)

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₹4.6 L/yr - ₹13 L/yr

arrow icon 87% more
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ZS Process Associate Salary

4 - 10 years exp. (7 salaries)

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₹14.6 L/yr - ₹36 L/yr

arrow icon 480% more
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Huron Process Associate Salary

0 - 8 years exp. (5 salaries)

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₹3.3 L/yr - ₹7 L/yr

arrow icon 19% more
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Mercer Process Associate Salary

3 - 5 years exp. (5 salaries)

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₹1.6 L/yr - ₹4.9 L/yr

arrow icon 41% less
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Protiviti Process Associate Salary

1 - 3 years exp. (4 salaries)

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₹3.4 L/yr - ₹4.2 L/yr

arrow icon 10% less
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BCG Process Associate Salary

4 - 6 years exp. (4 salaries)

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₹4 L/yr - ₹7.7 L/yr

arrow icon 31% more
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₹3.1 L/yr - ₹3.8 L/yr

arrow icon 21% less
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Kearney Process Associate Salary

0 - 5 years exp. (4 salaries)

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₹5.1 L/yr - ₹6.1 L/yr

arrow icon 31% more
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Bain & Company Process Associate Salary

3 - 4 years exp. (3 salaries)

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₹5.3 L/yr - ₹16.6 L/yr

arrow icon 165% more
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RSM US in India Process Associate Salary

0 - 3 years exp. (3 salaries)

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₹3 L/yr - ₹12 L/yr

arrow icon 81% more
Process Associate salary at McKinsey & Company ranges between ₹2.5 Lakhs to ₹4.9 Lakhs per year for employees with experience between 2 years to 6 years. Salary estimates are based on 78 latest salaries received from various employees of McKinsey & Company.

Latest annual salaries shared by McKinsey & Company Process Associate

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Experience wise McKinsey & Company Process Associate salaries

Last Updated: 31 Oct 2024

Experience Avg Annual Salary
2 years  (21 salaries)

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₹2.5 L/yr - ₹4.4 L/yr
3 years  (25 salaries)

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₹2.8 L/yr - ₹4.7 L/yr
4 years  (17 salaries)

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₹3.1 L/yr - ₹4.9 L/yr
5 years  (11 salaries)

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₹3.2 L/yr - ₹4.8 L/yr
6 years  (4 salaries)

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₹3.6 L/yr - ₹4.8 L/yr
McKinsey & Company Process Associate Salary and Career Growth

From

To

Process Associate

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2 - 6 years exp.

Cluster Leader

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6 - 11 years exp.

Process Associate 2 - 6 years exp.
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arrow icon 33% hike
    Cluster Leader 6 - 11 years exp.
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    arrow icon 20% hike
    Disclaimer: Our data limits the visualization of this career path at this point. However, other roles and opportunities might be available within the organization beyond what is shown here.

    Similar Designation salaries in McKinsey & Company

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    Process Developer Salary
    (AmbitionBox Estimate)
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    Top skills at McKinsey & Company for Process Associate

    Accounts Payable Invoice Processing P2P Query Resolution Vendor Master VAT Expenses Ap Accounting Banking Invoicing MS Office Global Procurement

    Salary related reviews for McKinsey & Company

    3.9

    Rated by 17 employees for salary & benefits

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    4.0
      •  posted on 14 Apr 2022

    3.0
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    Likes

    For a fresher, it is advised not to start a career in Mckinsey because the salary would be way less than the market average. But for an experienced professional, the company will provide better package. Compare to other organization mckinsey will only be having 8 hrs of working( 7+1 ) Job safety and leave are one of the advantage Sodexo is an additional advantage

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    • Work satisfaction - Poor
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    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

    • Skill development - Good
    • +2 more

    Dislikes

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

    read more
    • Salary - Poor
    • +2 more

    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.

    read more
    • 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.

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    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)

    read more
    • Job security - Bad
    • +4 more

    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.

    read more
    • Skill development - Bad
    • +5 more
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    McKinsey & Company Process Associate Salary FAQs

    What is the salary of Process Associate at McKinsey & Company ?
    The average salary of a Process Associate at McKinsey & Company in India typically ranges from ₹2.5 Lakhs to ₹4.9 Lakhs per year, depending on experience (from 2 years to 6 years).

    The top 10% of Process Associate at McKinsey & Company earn more than ₹4.5 Lakhs per year, and the top 1% earn over ₹4.9 Lakhs per year. Process Associate 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 70+ McKinsey & Company employees in India.
    What is the estimated take home salary of a Process Associate at McKinsey & Company in India?
    The estimated take-home salary of a Process Associate at McKinsey & Company in India typically ranges from ₹31,374 to ₹32,667 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹4.9 Lakhs per year for employees with experience ranging from 2 years to 6 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 70+ salaries received from various employees of McKinsey & Company. Check how we calculate in-hand salary with our in-hand salary calculator.
    What are the key skills required to be a Process Associate at McKinsey & Company ?
    To be a Process Associate at McKinsey & Company in india, the key skills required include:

    • - Accounts Payable
    • - Invoice Processing
    • - P2P
    • - Query Resolution
    • - Vendor Master

    These skills are highly valued at McKinsey & Company and are crucial for successful performance in a Software Engineering role.
    Which companies offer higher salaries than McKinsey & Company for Process Associate in India?
    ZS ₹14.6 Lakhs to ₹36.0 Lakhs per year
    KPMG India ₹5.7 Lakhs to ₹19.9 Lakhs per year
    Bain & Company ₹5.3 Lakhs to ₹16.6 Lakhs per year
    Gartner ₹4.6 Lakhs to ₹13.0 Lakhs per year
    RSM US in India ₹3.0 Lakhs to ₹12.0 Lakhs per year

    These companies are known for offering competitive compensation packages that can exceed the salary offered by McKinsey & Company, depending on the role and experience level.
    What is the salary of a Process Associate in companies similar to McKinsey & Company in India?
    The salary of a Process Associate at companies similar to McKinsey & Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

    PwC ₹2.8 Lakhs to ₹11.0 Lakhs per year
    BCG ₹4.0 Lakhs to ₹7.7 Lakhs per year
    Kearney ₹5.1 Lakhs to ₹6.1 Lakhs per year
    Huron ₹3.3 Lakhs to ₹7.0 Lakhs per year
    Ernst & Young ₹2.0 Lakhs to ₹7.6 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 Process Associate at McKinsey & Company in India?
    The salary growth for a Process Associate at McKinsey & Company depends on factors such as experience, performance, and promotions. On average, a Process Associate can expect the following growth trajectory at McKinsey & Company:

    Experience Average Salary Range
    2 years ₹2.5 Lakhs to ₹4.4 Lakhs per year
    3 years ₹2.8 Lakhs to ₹4.7 Lakhs per year
    4 years ₹3.1 Lakhs to ₹4.9 Lakhs per year
    5 years ₹3.2 Lakhs to ₹4.8 Lakhs per year
    and so on.

    Tell us how to improve this page.

    McKinsey & Company Process Associate salary in India ranges between ₹2.5 Lakhs to ₹4.9 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 78 McKinsey & Company latest salaries received from various employees of McKinsey & Company.