McKinsey & Company Product Manager 2 Salaries by 6 Employees

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₹31.5 Lakhs - ₹40.2 Lakhs

Low Confidence

Salary of majority employees

At par with the average Product Manager 2 Salary in Management Consulting Companies for 10 years of experience

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Last Updated: 4 Jun 2024

Companies similar to McKinsey & Company for Product Manager 2

Company name	Avg Annual Salary	Open Jobs
Microsoft Corporation Product Manager 2 Salary 2 - 10 years exp. (159 salaries)	₹22.1 L/yr - ₹71.6 L/yr 23% more
Paytm Product Manager 2 Salary 3 - 7 years exp. (59 salaries)	₹23.4 L/yr - ₹43.5 L/yr 12% less
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Flipkart Product Manager 2 Salary 4 - 9 years exp. (45 salaries)	₹32 L/yr - ₹70 L/yr 33% more	2 job openings
ICICI Bank Product Manager 2 Salary 2 - 6 years exp. (40 salaries)	₹11.6 L/yr - ₹26.2 L/yr 36% less
Amazon Product Manager 2 Salary 3 - 10 years exp. (33 salaries)	₹29 L/yr - ₹51 L/yr 13% more

Product Manager 2 salary at McKinsey & Company ranges between ₹31.5 Lakhs to ₹40.2 Lakhs per year for employees with 10 years of experience. Salary estimates are based on 6 latest salaries received from various employees of McKinsey & Company.

Experience wise McKinsey & Company Product Manager 2 salaries

Last Updated: 4 Jun 2024

Experience	Avg Annual Salary
10 years (6 salaries)	₹35 L/yr - ₹35 L/yr
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Salary related reviews for McKinsey & Company

5.0

Rated by 1 employees for salary & benefits

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

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

+4 more

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

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.

Skill development - Bad

+5 more

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.

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

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

Job security - Good

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

Salary - Poor

+4 more

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

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.

Salary - Poor

+2 more

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McKinsey & Company Product Manager 2 Salary FAQs

What is the salary of Product Manager 2 at McKinsey & Company ?

The average salary of a Product Manager 2 at McKinsey & Company in India typically ranges from ₹31.5 Lakhs to ₹40.2 Lakhs per year, depending on experience (from 10 years to 10 years).

The top 10% of Product Manager 2 at McKinsey & Company earn more than ₹35.0 Lakhs per year, and the top 1% earn over ₹35.0 Lakhs per year. Product Manager 2 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 6 McKinsey & Company employees in India.

What is the estimated take home salary of a Product Manager 2 at McKinsey & Company in India?

The estimated take-home salary of a Product Manager 2 at McKinsey & Company in India typically ranges from ₹2,11,727 to ₹2,20,163 per month. This is based on the average salary range of ₹31.5 Lakhs to ₹40.2 Lakhs per year for employees with experience ranging from 10 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 6 salaries received from various employees of McKinsey & Company. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than McKinsey & Company for Product Manager 2 in India?

Flipkart	₹32.0 Lakhs to ₹70.0 Lakhs per year
Microsoft Corporation	₹22.1 Lakhs to ₹71.6 Lakhs per year
Amazon	₹29.0 Lakhs to ₹51.0 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 Product Manager 2 in companies similar to McKinsey & Company in India?

The salary of a Product Manager 2 at companies similar to McKinsey & Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Paytm	₹23.4 Lakhs to ₹43.5 Lakhs per year
ICICI Bank	₹11.6 Lakhs to ₹26.2 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 2 at McKinsey & Company in India?

The salary growth for a Product Manager 2 at McKinsey & Company depends on factors such as experience, performance, and promotions. On average, a Product Manager 2 can expect the following growth trajectory at McKinsey & Company:

Experience	Average Salary Range
10 years	₹35.0 Lakhs to ₹35.0 Lakhs per year

and so on.

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McKinsey & Company Product Manager 2 Salaries

McKinsey & Company Product Manager 2 salary in India ranges between ₹31.5 Lakhs to ₹40.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 McKinsey & Company latest salaries received from various employees of McKinsey & Company.