McKinsey & Company Software Engineer Level 1 Salaries by 5 Employees (Updated 2024)

1 - 5 years exp.

₹17 Lakhs - ₹22 Lakhs

Low Confidence

Salary of majority employees

94% more than the average Software Engineer Level 1 Salary in Management Consulting Companies for 1 - 5 years of experience

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Last Updated: 18 Dec 2024

Companies similar to McKinsey & Company for Software Engineer Level 1

Company name	Avg Annual Salary	Open Jobs
Deloitte Software Engineer Level 1 Salary 1 - 3 years exp. (58 salaries)	₹6 L/yr - ₹13 L/yr 52% less
Accenture Software Engineer Level 1 Salary 0 - 3 years exp. (23 salaries)	₹4.5 L/yr - ₹11 L/yr 67% less
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Ernst & Young Software Engineer Level 1 Salary 1 - 3 years exp. (4 salaries)	₹4.2 L/yr - ₹10 L/yr 66% less
IBM Software Engineer Level 1 Salary 0 - 4 years exp. (4 salaries)	₹5 L/yr - ₹11 L/yr 61% less
Capgemini Software Engineer Level 1 Salary 1 - 3 years exp. (29 salaries)	₹3 L/yr - ₹6.5 L/yr 78% less
TCS Software Engineer Level 1 Salary 0 - 5 years exp. (29 salaries)	₹2.5 L/yr - ₹9 L/yr 75% less
Blackrock Software Engineer Level 1 Salary 2 - 3 years exp. (5 salaries)	₹12 L/yr - ₹16.9 L/yr 29% less

Software Engineer Level 1 salary at McKinsey & Company ranges between ₹17 Lakhs to ₹22 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 5 latest salaries received from various employees of McKinsey & Company.

Experience wise McKinsey & Company Software Engineer Level 1 salaries

Last Updated: 18 Dec 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹17 L/yr - ₹17 L/yr
2 years (AmbitionBox Estimate)	₹17.5 L/yr - ₹18 L/yr
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3 years (AmbitionBox Estimate)	₹17.1 L/yr - ₹21.9 L/yr
4 years (AmbitionBox Estimate)	₹8.1 L/yr - ₹22 L/yr
5 years (AmbitionBox Estimate)	₹20.3 L/yr - ₹38.6 L/yr

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Salary related reviews for McKinsey & Company

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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)

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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.

Financial Associate in Chennai

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...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.

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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 Software Engineer Level 1 Salary FAQs

What is the salary of Software Engineer Level 1 at McKinsey & Company?

Software Engineer Level 1 salary at McKinsey & Company in India ranges between ₹17.0 Lakhs to ₹22.0 Lakhs for experience between 1 years to 5 years. According to our estimates it is 94% more than the average Software Engineer Level 1 Salary in India. Salary estimates are based on 5 latest salaries received from various employees of McKinsey & Company India.

How does the salary of a Software Engineer Level 1 at McKinsey & Company India compare with the average salary range for this job?

The average salary of a Software Engineer Level 1 at McKinsey & Company is 94% more than the average salary of a Software Engineer Level 1 in India. To know exact salary insights, login to view.

What is the salary of a Software Engineer Level 1 in companies similar to McKinsey & Company in India?

Blackrock Software Engineer Level 1 Salary - ₹12.0 Lakhs to ₹16.9 Lakhs per year
Deloitte Software Engineer Level 1 Salary - ₹6.0 Lakhs to ₹13.0 Lakhs per year
IBM Software Engineer Level 1 Salary - ₹5.0 Lakhs to ₹11.0 Lakhs per year
Ernst & Young Software Engineer Level 1 Salary - ₹4.2 Lakhs to ₹10.0 Lakhs per year
Accenture Software Engineer Level 1 Salary - ₹4.5 Lakhs to ₹11.0 Lakhs per year

What is the estimated take home salary of a Software Engineer Level 1 at McKinsey & Company in India?

The estimated take-home salary of a Software Engineer Level 1 at McKinsey & Company ranges between ₹1,27,033 per month to ₹1,31,226 per month in India. The take-home salary calculation is based on the average McKinsey & Company Software Engineer Level 1 salary in India which ranges between ₹17.0 Lakhs to ₹22.0 Lakhs per year for employees with experience between 1 years to 5 years. Check how did we calculate take home salary?

What is the notice period for Software Engineer Level 1 at McKinsey & Company?

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

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McKinsey & Company Software Engineer Level 1 Salaries

McKinsey & Company Software Engineer Level 1 salary in India ranges between ₹17 Lakhs to ₹22 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 McKinsey & Company latest salaries received from various employees of McKinsey & Company.