McKinsey & Company Mumbai Senior Consultant Salaries by 9 Employees (Updated 2025)

1 - 10 years exp.

₹20 Lakhs - ₹47.2 Lakhs

Avg. annual salary

Monthly In-hand Salary

51% more than the average Senior Consultant Salary in Management Consulting Companies for 1 - 10 years of experience

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Last Updated: 22 Mar 2025

Companies similar to McKinsey & Company for Senior Consultant in Mumbai

McKinsey & Company Senior Consultant Salary

1 - 10 years exp. (9 salaries)

₹20 L/yr - ₹47.2 L/yr

Company name	Avg Annual Salary	Open Jobs
Ernst & Young Senior Consultant Salary 0 - 14 years exp. (2.3k salaries)	₹10 L/yr - ₹33 L/yr 33% less	101 job openings
Deloitte Senior Consultant Salary 2 - 15 years exp. (2.1k salaries)	₹10.6 L/yr - ₹40.8 L/yr 12% less	10 job openings
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PwC Senior Consultant Salary 2 - 13 years exp. (667 salaries)	₹9.3 L/yr - ₹34 L/yr 26% less	7 job openings
KPMG India Senior Consultant Salary 0 - 12 years exp. (353 salaries)	₹9 L/yr - ₹36 L/yr 28% less	7 job openings
Protiviti Senior Consultant Salary 1 - 9 years exp. (98 salaries)	₹7 L/yr - ₹18 L/yr 57% less	10 job openings
Protiviti Consulting Senior Consultant Salary 2 - 5 years exp. (39 salaries)	₹8.2 L/yr - ₹15 L/yr 59% less
Mott MacDonald Senior Consultant Salary 3 - 11 years exp. (15 salaries)	₹7.5 L/yr - ₹15.5 L/yr 62% less
BCG Senior Consultant Salary 4 - 11 years exp. (12 salaries)	₹41 L/yr - ₹80 L/yr 106% more
Bain & Company Senior Consultant Salary 4 - 8 years exp. (8 salaries)	₹28 L/yr - ₹61 L/yr 100% more
Mercer Senior Consultant Salary 5 - 9 years exp. (7 salaries)	₹14.3 L/yr - ₹28 L/yr 18% less	2 job openings
WSP Senior Consultant Salary 4 - 12 years exp. (3 salaries)	₹18.5 L/yr - ₹25 L/yr 31% less	15 job openings
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The Hackett Group Senior Consultant Salary 6 - 12 years exp. (3 salaries)	₹18 L/yr - ₹28 L/yr 32% less	20 job openings
Kearney Senior Consultant Salary 2 - 8 years exp. (3 salaries)	₹26 L/yr - ₹47.5 L/yr 46% more

Senior Consultant salary at McKinsey & Company ranges between ₹20 Lakhs to ₹47.2 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 9 latest salaries received from various employees of McKinsey & Company.

Experience wise McKinsey & Company Senior Consultant salaries in Mumbai

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹21.5 L/yr - ₹27.5 L/yr
2 years (AmbitionBox Estimate)	₹22.6 L/yr - ₹28.9 L/yr
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3 years (AmbitionBox Estimate)	₹23.7 L/yr - ₹30.3 L/yr
4 years (AmbitionBox Estimate)	₹24.8 L/yr - ₹31.6 L/yr
5 years (AmbitionBox Estimate)	₹25.8 L/yr - ₹33 L/yr
6 years (AmbitionBox Estimate)	₹26.9 L/yr - ₹34.4 L/yr
7 years (AmbitionBox Estimate)	₹28 L/yr - ₹35.8 L/yr
8 years (AmbitionBox Estimate)	₹29.1 L/yr - ₹37.2 L/yr
9 years (AmbitionBox Estimate)	₹30.2 L/yr - ₹38.5 L/yr
10 years (AmbitionBox Estimate)	₹31.2 L/yr - ₹39.9 L/yr

View all

Similar Designation salaries in McKinsey & Company

Senior Associate Salary

(12 salaries)

₹24 L/yr - ₹72 L/yr

Associate Consultant Salary

(8 salaries)

₹18 L/yr - ₹56 L/yr

Salary related reviews for McKinsey & Company

Junior Associate in Mumbai

Full Time

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1.0

• posted on 09 Jun 2024

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Good salary and benefits, specifically for the consulting path

Salary - Excellent

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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

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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

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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

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

Salary - Poor

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Salary Discussions, Hike & Promotions

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 Senior Consultant Salary FAQs

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

The average salary of a Senior Consultant at McKinsey & Company in Mumbai typically ranges from ₹20.0 Lakhs to ₹47.2 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Senior Consultant in Mumbai at McKinsey & Company earn more than ₹47.2 Lakhs per year, and the top 1% earn over ₹54.7 Lakhs per year. Senior Consultant 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 9 McKinsey & Company employees in India.

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

The estimated take-home salary of a Senior Consultant at McKinsey & Company in Mumbai typically ranges from ₹1,78,175 to ₹1,85,094 per month. This is based on the average salary range of ₹20.0 Lakhs to ₹47.2 Lakhs per year for employees with experience ranging from 1 year 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 9 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 Senior Consultant in India?

BCG	₹41.0 Lakhs to ₹80.0 Lakhs per year
Bain & Company	₹28.0 Lakhs to ₹61.0 Lakhs per year
Kearney	₹26.0 Lakhs to ₹47.5 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 Senior Consultant in companies similar to McKinsey & Company in Mumbai?

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

Deloitte	₹10.6 Lakhs to ₹40.8 Lakhs per year
Mercer	₹14.3 Lakhs to ₹28.0 Lakhs per year
PwC	₹9.3 Lakhs to ₹34.0 Lakhs per year
KPMG India	₹9.0 Lakhs to ₹36.0 Lakhs per year
WSP	₹18.5 Lakhs to ₹25.0 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 Senior Consultant at McKinsey & Company in Mumbai?

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

Experience	Average Salary Range
1 year	₹21.5 Lakhs to ₹27.5 Lakhs per year
2 years	₹22.6 Lakhs to ₹28.9 Lakhs per year
3 years	₹23.7 Lakhs to ₹30.3 Lakhs per year
4 years	₹24.8 Lakhs to ₹31.6 Lakhs per year

and so on.

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McKinsey & Company Senior Consultant Salaries in Mumbai

McKinsey & Company Senior Consultant salary in Mumbai ranges between ₹20 Lakhs to ₹47.2 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 McKinsey & Company latest salaries received from various employees of McKinsey & Company.