McKinsey & Company Mumbai Senior Associate Salaries by 10 Employees (Updated 2025)

3 - 9 years exp.

₹24 Lakhs - ₹65 Lakhs

Salary of majority employees

412% more than the average Senior Associate Salary in Management Consulting Companies for 3 - 9 years of experience

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Last Updated: 8 Feb 2025

Companies similar to McKinsey & Company for Senior Associate in Mumbai

McKinsey & Company Senior Associate Salary

3 - 9 years exp. (10 salaries)

₹24 L/yr - ₹65 L/yr

Company name	Avg Annual Salary	Open Jobs
BCG Senior Associate Salary 0 - 6 years exp. (106 salaries)	₹24 L/yr - ₹49 L/yr 25% less
Deloitte Senior Associate Salary 1 - 9 years exp. (28 salaries)	₹6.7 L/yr - ₹25.5 L/yr 71% less
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PwC Senior Associate Salary 0 - 12 years exp. (1.2k salaries)	₹8 L/yr - ₹31 L/yr 65% less	1078 job openings
Ernst & Young Senior Associate Salary 0 - 12 years exp. (330 salaries)	₹7.1 L/yr - ₹31 L/yr 67% less	45 job openings
KPMG India Senior Associate Salary 0 - 7 years exp. (92 salaries)	₹8 L/yr - ₹27 L/yr 68% less
Accenture Senior Associate Salary 0 - 10 years exp. (620 salaries)	₹1.9 L/yr - ₹9.5 L/yr 90% less
Capgemini Senior Associate Salary 0 - 10 years exp. (194 salaries)	₹2.1 L/yr - ₹9 L/yr 90% less
TCS Senior Associate Salary 0 - 13 years exp. (1.2k salaries)	₹2 L/yr - ₹7.5 L/yr 91% less
Willis Towers Watson Senior Associate Salary 3 - 12 years exp. (384 salaries)	₹3 L/yr - ₹9.5 L/yr 89% less
VISTRA INTERNATIONAL EXPANSION Senior Associate Salary 3 - 11 years exp. (76 salaries)	₹2 L/yr - ₹7.5 L/yr 89% less	2 job openings
Blackrock Senior Associate Salary 6 - 13 years exp. (15 salaries)	₹11.3 L/yr - ₹32.5 L/yr 64% less
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Kearney Senior Associate Salary 4 - 12 years exp. (10 salaries)	₹48 L/yr - ₹65 L/yr 1% more
RSM US in India Senior Associate Salary 2 - 7 years exp. (6 salaries)	₹12 L/yr - ₹19.5 L/yr 72% less	39 job openings

Senior Associate salary at McKinsey & Company ranges between ₹24 Lakhs to ₹65 Lakhs per year for employees with experience between 3 years to 9 years. Salary estimates are based on 10 latest salaries received from various employees of McKinsey & Company.

Experience wise McKinsey & Company Senior Associate salaries in Mumbai

Last Updated: 8 Feb 2025

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹20.7 L/yr - ₹55 L/yr
4 years (AmbitionBox Estimate)	₹24 L/yr - ₹93.5 L/yr
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5 years (4 salaries)	₹50 L/yr - ₹62 L/yr
6 years (AmbitionBox Estimate)	₹21 L/yr - ₹65 L/yr
7 years (AmbitionBox Estimate)	₹51 L/yr - ₹94.8 L/yr
8 years (AmbitionBox Estimate)	₹21.2 L/yr - ₹55 L/yr
9 years (AmbitionBox Estimate)	₹21.3 L/yr - ₹62 L/yr

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Similar Designation salaries in McKinsey & Company

Senior Consultant Salary

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Salary related reviews for McKinsey & Company

5.0

Rated by 2 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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Salary Discussions, Hike & Promotions

Hi All, During a job opportunity, when the recruiter asked for my expected CTC, I mentioned 12 LPA, as my previous job's fixed salary was 7.8 LPA. Now, I’ve been shortlisted for the Product Designer role and have learned from some sources that their maximum budget is 14 LPA. How should I approach the negotiation? Would it be reasonable to ask for 14 LPA, considering I initially stated my expectation as 12 LPA? The job is based in Gurgaon, and I have 4.5 years of experience. Looking forward to your advice!

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McKinsey & Company Senior Associate Salary FAQs

What is the salary of Senior Associate at McKinsey & Company Mumbai?

Senior Associate salary at McKinsey & Company in Mumbai ranges between ₹24.0 Lakhs to ₹65.0 Lakhs for experience between 3 years to 9 years. According to our estimates it is 412% more than the average Senior Associate Salary in India. Salary estimates are based on 10 latest salaries received from various employees of McKinsey & Company Mumbai.

How does the salary of a Senior Associate at McKinsey & Company Mumbai compare with the average salary range for this job?

The average salary of a Senior Associate at McKinsey & Company is 412% more than the average salary of a Senior Associate in Mumbai. To know exact salary insights, login to view.

Which similar companies are paying more than McKinsey & Company to a Senior Associate in Mumbai?

Kearney Senior Associate Salary - ₹48.0 Lakhs to ₹65.0 Lakhs per year

What is the salary of a Senior Associate in companies similar to McKinsey & Company in Mumbai?

BCG Senior Associate Salary - ₹24.0 Lakhs to ₹49.0 Lakhs per year
Blackrock Senior Associate Salary - ₹11.3 Lakhs to ₹32.5 Lakhs per year
PwC Senior Associate Salary - ₹8.0 Lakhs to ₹31.0 Lakhs per year
Ernst & Young Senior Associate Salary - ₹7.1 Lakhs to ₹31.0 Lakhs per year
KPMG India Senior Associate Salary - ₹8.0 Lakhs to ₹27.0 Lakhs per year

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

The estimated take-home salary of a Senior Associate at McKinsey & Company ranges between ₹3,04,255 per month to ₹3,16,018 per month in Mumbai. The take-home salary calculation is based on the average McKinsey & Company Senior Associate salary in India which ranges between ₹24.0 Lakhs to ₹65.0 Lakhs per year for employees with experience between 3 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Senior Associate at McKinsey & Company in Mumbai?

According to AmbitionBox, 75% of the McKinsey & Company Senior Associates in Mumbai reported a notice period of 1 Month, 25% reported a notice period of 2 Months.This is based on 4 responses on AmbitionBox in last 2 years.

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McKinsey & Company Senior Associate Salaries in Mumbai

McKinsey & Company Senior Associate salary in Mumbai ranges between ₹24 Lakhs to ₹65 Lakhs with an average annual salary of ₹. Salary estimates are based on 10 McKinsey & Company latest salaries received from various employees of McKinsey & Company.