McKinsey & Company Product Manager Salaries by 60+ Employees (Updated 2025)

6 - 14 years exp.

₹17.2 Lakhs - ₹55 Lakhs

Avg. annual salary

Fixed

₹

Lakhs

Variable

₹

Lakhs

Monthly In-hand Salary

78% more than the average Product Manager Salary in Management Consulting Companies for 6 - 14 years of experience

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Salaries in different departments

Product Management Product Manager Salary 7 - 14 years exp. (22 salaries)	₹17.4 L/yr - ₹55 L/yr
Data Science & Analytics Product Manager Salary 7 - 13 years exp. (6 salaries)	₹33.7 L/yr - ₹45 L/yr
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Project & Program Management Product Manager Salary 6 - 13 years exp. (5 salaries)	₹20.5 L/yr - ₹40 L/yr
Engineering - Hardware & Networks Product Manager Salary 9 - 12 years exp. (3 salaries)	₹17 L/yr - ₹43 L/yr
Construction & Site Engineering Product Manager Salary 12 - 14 years exp. (3 salaries)	₹39 L/yr - ₹43 L/yr

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Last Updated: 20 Mar 2025

Companies similar to McKinsey & Company for Product Manager

Company name	Avg Annual Salary	Open Jobs
Deloitte Product Manager Salary 2 - 14 years exp. (162 salaries)	₹12.6 L/yr - ₹45 L/yr 29% less
Ernst & Young Product Manager Salary 4 - 13 years exp. (101 salaries)	₹12 L/yr - ₹45 L/yr 31% less
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PwC Product Manager Salary 3 - 12 years exp. (82 salaries)	₹10.8 L/yr - ₹44.4 L/yr 36% less	2 job openings
Gartner Product Manager Salary 2 - 11 years exp. (58 salaries)	₹13.8 L/yr - ₹32 L/yr 40% less
ZS Product Manager Salary 5 - 12 years exp. (46 salaries)	₹17 L/yr - ₹42 L/yr 21% less	1 job opening
BCG Product Manager Salary 7 - 17 years exp. (28 salaries)	₹13.1 L/yr - ₹55 L/yr 15% less
KPMG India Product Manager Salary 2 - 10 years exp. (26 salaries)	₹9.4 L/yr - ₹30 L/yr 46% less
Bain & Company Product Manager Salary 1 - 6 years exp. (5 salaries)	₹25 L/yr - ₹31 L/yr 31% less
The Smart Cube Product Manager Salary 1 - 7 years exp. (5 salaries)	₹16 L/yr - ₹28.5 L/yr 42% less
Mercer Product Manager Salary 7 - 9 years exp. (4 salaries)	₹22.4 L/yr - ₹32.1 L/yr 36% less
Nspira Management Services Product Manager Salary 3 - 6 years exp. (4 salaries)	₹10 L/yr - ₹12 L/yr 70% less	1 job opening
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VISTRA INTERNATIONAL EXPANSION Product Manager Salary 12 - 13 years exp. (4 salaries)	₹30 L/yr - ₹35 L/yr 16% less
Zinnov Management Consulting Product Manager Salary 3 - 6 years exp. (3 salaries)	₹20.7 L/yr - ₹26.5 L/yr 41% less	1 job opening
Korn Ferry Product Manager Salary 9 - 10 years exp. (3 salaries)	₹21.7 L/yr - ₹26 L/yr 40% less

Product Manager salary at McKinsey & Company ranges between ₹17.2 Lakhs to ₹55 Lakhs per year for employees with experience between 6 years to 14 years. Salary estimates are based on 62 latest salaries received from various employees of McKinsey & Company.

Latest annual salaries shared by McKinsey & Company Product Manager

1w ago

₹40 Lakhs

11 years exp.

3w ago

₹47 Lakhs

7 years exp.

1mo ago

₹38 Lakhs

7 years exp.

1mo ago

₹52 Lakhs

12 years exp.

3mo ago

₹43 Lakhs

14 years exp.

4mo ago

11 years exp.

4mo ago

14 years exp.

8mo ago

11 years exp.

9mo ago

7 years exp.

9mo ago

12 years exp.

Experience wise McKinsey & Company Product Manager salaries

Last Updated: 20 Mar 2025

Experience	Avg Annual Salary
6 years (4 salaries)	₹25 L/yr - ₹36 L/yr
7 years (8 salaries)	₹14.5 L/yr - ₹47 L/yr
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8 years (8 salaries)	₹15.7 L/yr - ₹40 L/yr
9 years (9 salaries)	₹17 L/yr - ₹50 L/yr
10 years (11 salaries)	₹24 L/yr - ₹44 L/yr
11 years (5 salaries)	₹33 L/yr - ₹49 L/yr
12 years (7 salaries)	₹35 L/yr - ₹52 L/yr
13 years (5 salaries)	₹27.5 L/yr - ₹55 L/yr
14 years (5 salaries)	₹34.1 L/yr - ₹53 L/yr

View all

Similar Designation salaries in McKinsey & Company

Project Manager Salary

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₹35 L/yr - ₹35 L/yr

Production Manager Salary

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₹23.64 L/yr - ₹45 L/yr

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₹19 L/yr - ₹23.45 L/yr

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₹4 L/yr - ₹23.4 L/yr

Lead Product Manager Salary

(AmbitionBox Estimate)

₹36 L/yr - ₹46 L/yr

Group Product Manager Salary

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₹28.8 L/yr - ₹36.8 L/yr

Product Lead Salary

(AmbitionBox Estimate)

₹49.9 L/yr - ₹55.1 L/yr

Deputy Manager Salary

(5 salaries)

₹12.25 L/yr - ₹45 L/yr

Senior Product Manager Salary

(7 salaries)

₹24 L/yr - ₹32 L/yr

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My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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McKinsey & Company Product Manager Salary FAQs

What is the salary of Product Manager at McKinsey & Company ?

The average salary of a Product Manager at McKinsey & Company in India typically ranges from ₹17.2 Lakhs to ₹55.0 Lakhs per year, depending on experience (from 6 years to 14 years).

The top 10% of Product Manager at McKinsey & Company earn more than ₹47.6 Lakhs per year, and the top 1% earn over ₹54.8 Lakhs per year. Product Manager 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 60+ McKinsey & Company employees in India.

What is the estimated take home salary of a Product Manager at McKinsey & Company in India?

The estimated take-home salary of a Product Manager at McKinsey & Company in India typically ranges from ₹2,31,665 to ₹2,41,003 per month. This is based on the average salary range of ₹17.2 Lakhs to ₹55.0 Lakhs per year for employees with experience ranging from 6 years to 14 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 60+ 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 Product Manager in companies similar to McKinsey & Company in India?

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

BCG	₹13.1 Lakhs to ₹55.0 Lakhs per year
VISTRA INTERNATIONAL EXPANSION	₹30.0 Lakhs to ₹35.0 Lakhs per year
ZS	₹17.0 Lakhs to ₹42.0 Lakhs per year
Deloitte	₹12.6 Lakhs to ₹45.0 Lakhs per year
Bain & Company	₹25.0 Lakhs to ₹31.0 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 Product Manager at McKinsey & Company in India?

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

Experience	Average Salary Range
6 years	₹25.0 Lakhs to ₹36.0 Lakhs per year
7 years	₹14.5 Lakhs to ₹47.0 Lakhs per year
8 years	₹15.7 Lakhs to ₹40.0 Lakhs per year
9 years	₹17.0 Lakhs to ₹50.0 Lakhs per year

and so on.

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McKinsey & Company Product Manager Salaries

McKinsey & Company Product Manager salary in India ranges between ₹17.2 Lakhs to ₹55 Lakhs with an average annual salary of ₹. Salary estimates are based on 62 McKinsey & Company latest salaries received from various employees of McKinsey & Company.

McKinsey & Company Product Manager salaries in India (Updated 2025)

Companies similar to McKinsey & Company for Product Manager

Latest annual salaries shared by McKinsey & Company Product Manager

Experience wise McKinsey & Company Product Manager salaries

Similar Designation salaries in McKinsey & Company

Salary related reviews for McKinsey & Company

Junior Associate in Mumbai

Manager in New Delhi

Financial Associate in Chennai

Business Presentation Specialist in Bangalore / Bengaluru

Senior Process Associate in Bangalore / Bengaluru

McKinsey & Company Product Manager Salary FAQs

Tell us how to improve this page.

McKinsey & Company Product Manager Salaries by Location