McKinsey & Company Mumbai Senior Associate Salaries by 7 Employees (Updated 2024)

3 - 7 years exp.

₹24 Lakhs - ₹65 Lakhs

Salary of majority employees

419% more than the average Senior Associate Salary in Management Consulting Companies for 3 - 7 years of experience

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Last Updated: 7 Nov 2024

Companies similar to McKinsey & Company for Senior Associate in Mumbai

McKinsey & Company Senior Associate Salary

3 - 7 years exp. (7 salaries)

₹24 L/yr - ₹65 L/yr

Company name	Avg Annual Salary	Open Jobs
BCG Senior Associate Salary 0 - 5 years exp. (85 salaries)	₹24 L/yr - ₹49 L/yr 24% less
Deloitte Senior Associate Salary 1 - 8 years exp. (21 salaries)	₹6.3 L/yr - ₹22.6 L/yr 73% less
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PwC Senior Associate Salary 0 - 13 years exp. (1.2k salaries)	₹8 L/yr - ₹32 L/yr 65% less	950 job openings
Ernst & Young Senior Associate Salary 0 - 11 years exp. (336 salaries)	₹7 L/yr - ₹27 L/yr 68% less	48 job openings
KPMG India Senior Associate Salary 0 - 7 years exp. (91 salaries)	₹8 L/yr - ₹27 L/yr 67% less
Accenture Senior Associate Salary 0 - 10 years exp. (620 salaries)	₹1.9 L/yr - ₹8 L/yr 90% less
Capgemini Senior Associate Salary 0 - 10 years exp. (195 salaries)	₹2.1 L/yr - ₹8.4 L/yr 90% less	6 job openings
TCS Senior Associate Salary 0 - 13 years exp. (1.2k salaries)	₹2 L/yr - ₹7.4 L/yr 91% less
Willis Towers Watson Senior Associate Salary 4 - 12 years exp. (341 salaries)	₹3.1 L/yr - ₹9.5 L/yr 89% less
VISTRA INTERNATIONAL EXPANSION Senior Associate Salary 1 - 10 years exp. (80 salaries)	₹3 L/yr - ₹7.5 L/yr 89% less	1 job opening
Blackrock Senior Associate Salary 5 - 13 years exp. (15 salaries)	₹11.3 L/yr - ₹32.5 L/yr 58% less
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Kearney Senior Associate Salary 4 - 11 years exp. (9 salaries)	₹48 L/yr - ₹70 L/yr 9% more

Senior Associate salary at McKinsey & Company ranges between ₹24 Lakhs to ₹65 Lakhs per year for employees with experience between 3 years to 7 years. Salary estimates are based on 7 latest salaries received from various employees of McKinsey & Company.

Experience wise McKinsey & Company Senior Associate salaries in Mumbai

Last Updated: 7 Nov 2024

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹20.2 L/yr - ₹55 L/yr
4 years (AmbitionBox Estimate)	₹24 L/yr - ₹92.2 L/yr
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5 years (3 salaries)	₹50 L/yr - ₹60 L/yr
6 years (AmbitionBox Estimate)	₹21.1 L/yr - ₹65 L/yr
7 years (AmbitionBox Estimate)	₹51 L/yr - ₹96.1 L/yr

Similar Designation salaries in McKinsey & Company

Senior Consultant Salary

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₹20 L/yr - ₹54.7 L/yr

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

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)

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

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.

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.

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

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

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

Dislikes

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

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a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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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 7 years. According to our estimates it is 419% more than the average Senior Associate Salary in India. Salary estimates are based on 7 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 419% 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 ₹70.0 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 ₹32.0 Lakhs per year
KPMG India Senior Associate Salary - ₹8.0 Lakhs to ₹27.0 Lakhs per year
Ernst & Young Senior Associate Salary - ₹7.0 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 ₹3,00,852 per month to ₹3,12,586 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 7 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, 80% of the McKinsey & Company Senior Associates in Mumbai reported a notice period of 1 Month, 20% reported a notice period of 2 Months.This is based on 5 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 7 McKinsey & Company latest salaries received from various employees of McKinsey & Company.