McKinsey & Company Research Associate Salaries by 4 Employees (Updated 2025)

0 - 4 years exp.

₹5.5 Lakhs - ₹21 Lakhs

Low Confidence

Salary of majority employees

Fixed (91%)

₹11 Lakhs

Variable (9%)

₹1.1 Lakh

155% more than the average Research Associate Salary in Management Consulting Companies for 0 - 4 years of experience

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Last Updated: 15 Jan 2025

Companies similar to McKinsey & Company for Research Associate

Company name	Avg Annual Salary	Open Jobs
BCG Research Associate Salary 0 - 2 years exp. (49 salaries)	₹6 L/yr - ₹10.5 L/yr 28% less
Gartner Research Associate Salary 0 - 3 years exp. (35 salaries)	₹4.5 L/yr - ₹10 L/yr 37% less
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Protiviti Consulting Research Associate Salary 0 - 3 years exp. (26 salaries)	₹4.5 L/yr - ₹8 L/yr 51% less
Protiviti Research Associate Salary 0 - 2 years exp. (18 salaries)	₹5 L/yr - ₹8 L/yr 48% less	1 job opening
Frost & Sullivan Research Associate Salary 0 - 3 years exp. (14 salaries)	₹4.2 L/yr - ₹7 L/yr 54% less
PwC Research Associate Salary 0 - 5 years exp. (12 salaries)	₹3.1 L/yr - ₹7.8 L/yr 49% less	2 job openings
Korn Ferry Research Associate Salary 1 - 5 years exp. (10 salaries)	₹10 L/yr - ₹17 L/yr 18% more
Kearney Research Associate Salary 7 - 10 years exp. (9 salaries)	₹24.3 L/yr - ₹32 L/yr 130% more
Ernst & Young Research Associate Salary 1 - 5 years exp. (7 salaries)	₹3.8 L/yr - ₹7.6 L/yr 52% less
KPMG India Research Associate Salary 0 - 2 years exp. (5 salaries)	₹3.5 L/yr - ₹7 L/yr 58% less
Deloitte Research Associate Salary 2 - 4 years exp. (4 salaries)	₹3.1 L/yr - ₹7.3 L/yr 45% less
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ZS Research Associate Salary 1 - 3 years exp. (4 salaries)	₹5 L/yr - ₹10 L/yr 41% less
The Smart Cube Research Associate Salary 0 - 2 years exp. (3 salaries)	₹6 L/yr - ₹7 L/yr 45% less
Mercer Research Associate Salary 0 - 8 years exp. (3 salaries)	₹3.6 L/yr - ₹11 L/yr 39% less
Gerson Lehrman Group Research Associate Salary 0 - 3 years exp. (3 salaries)	₹8.5 L/yr - ₹9.2 L/yr 28% less
VISTRA INTERNATIONAL EXPANSION Research Associate Salary 3 - 6 years exp. (3 salaries)	₹2.9 L/yr - ₹3.7 L/yr 73% less

Research Associate salary at McKinsey & Company ranges between ₹5.5 Lakhs to ₹21 Lakhs per year for employees with less than 1 year of experience to 4 years. Salary estimates are based on 4 latest salaries received from various employees of McKinsey & Company.

Experience wise McKinsey & Company Research Associate salaries

Last Updated: 15 Jan 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹5.5 L/yr - ₹5.5 L/yr
1 year (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.7 L/yr
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2 years (AmbitionBox Estimate)	₹10.8 L/yr - ₹13.8 L/yr
3 years (AmbitionBox Estimate)	₹15 L/yr - ₹27.8 L/yr
4 years (AmbitionBox Estimate)	₹7.6 L/yr - ₹21 L/yr

Similar Designation salaries in McKinsey & Company

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₹18 L/yr - ₹23 L/yr

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McKinsey & Company Research Associate Salary FAQs

What is the salary of Research Associate at McKinsey & Company ?

The average salary of a Research Associate at McKinsey & Company in India typically ranges from ₹5.5 Lakhs to ₹21.0 Lakhs per year, depending on experience (from Fresher to 4 years).

The top 10% of Research Associate at McKinsey & Company earn more than ₹21.0 Lakhs per year, and the top 1% earn over ₹21.0 Lakhs per year. Research 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 4 McKinsey & Company employees in India.

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

The estimated take-home salary of a Research Associate at McKinsey & Company in India typically ranges from ₹85,750 to ₹87,995 per month. This is based on the average salary range of ₹5.5 Lakhs to ₹21.0 Lakhs per year for employees with experience ranging from Fresher to 4 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.

Which companies offer higher salaries than McKinsey & Company for Research Associate in India?

Kearney	₹24.3 Lakhs to ₹32.0 Lakhs per year
Korn Ferry	₹10.0 Lakhs to ₹17.0 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 Research Associate in companies similar to McKinsey & Company in India?

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

Gerson Lehrman Group	₹8.5 Lakhs to ₹9.2 Lakhs per year
BCG	₹6.0 Lakhs to ₹10.5 Lakhs per year
Gartner	₹4.5 Lakhs to ₹10.0 Lakhs per year
Mercer	₹3.6 Lakhs to ₹11.0 Lakhs per year
ZS	₹5.0 Lakhs to ₹10.0 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 Research Associate at McKinsey & Company in India?

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

Experience	Average Salary Range
Fresher	₹5.5 Lakhs to ₹5.5 Lakhs per year
1 year	₹7.6 Lakhs to ₹9.7 Lakhs per year
2 years	₹10.8 Lakhs to ₹13.8 Lakhs per year
3 years	₹15.0 Lakhs to ₹27.8 Lakhs per year

and so on.

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McKinsey & Company Research Associate Salaries

McKinsey & Company Research Associate salary in India ranges between ₹5.5 Lakhs to ₹21 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 McKinsey & Company latest salaries received from various employees of McKinsey & Company.