McKinsey & Company Solution Associate Salaries by 6 Employees

1 - 10 years exp.

₹30 Lakhs - ₹70 Lakhs

Low Confidence

Avg. annual salary

Monthly In-hand Salary

352% more than the average Solution Associate Salary in Management Consulting Companies for 1 - 10 years of experience

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Salaries in different departments

Data Science & Analytics Solution Associate Salary 6 - 7 years exp. (AmbitionBox Estimate)	₹30 L/yr - ₹46.3 L/yr
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Consulting Solution Associate Salary 1 - 6 years exp. (AmbitionBox Estimate)	₹39 L/yr - ₹60.8 L/yr

Last Updated: 20 Jan 2024

Companies similar to McKinsey & Company for Solution Associate

Company name	Avg Annual Salary	Open Jobs
Deloitte Solution Associate Salary 2 - 5 years exp. (3 salaries)	₹9.5 L/yr - ₹18 L/yr 74% less
Infiflex Technologies Solution Associate Salary 1 - 3 years exp. (10 salaries)	₹3 L/yr - ₹5 L/yr 91% less
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quatrro business support services Solution Associate Salary 2 years exp. (5 salaries)	₹2.3 L/yr - ₹3.1 L/yr 94% less
Whirldata Inc. Solution Associate Salary 0 - 4 years exp. (5 salaries)	₹3 L/yr - ₹9 L/yr 88% less
Vegam Solutions Solution Associate Salary 2 - 4 years exp. (5 salaries)	₹5.2 L/yr - ₹6 L/yr 88% less

Solution Associate salary at McKinsey & Company ranges between ₹30 Lakhs to ₹70 Lakhs per year for employees with experience between 1 year to 10 years. Salary estimates are based on 6 latest salaries received from various employees of McKinsey & Company.

Experience wise McKinsey & Company Solution Associate salaries

Last Updated: 20 Jan 2024

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹38.6 L/yr - ₹49.3 L/yr
2 years (AmbitionBox Estimate)	₹39.4 L/yr - ₹50.3 L/yr
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3 years (AmbitionBox Estimate)	₹40.2 L/yr - ₹51.3 L/yr
4 years (AmbitionBox Estimate)	₹41 L/yr - ₹52.3 L/yr
5 years (AmbitionBox Estimate)	₹41.8 L/yr - ₹53.4 L/yr
6 years (AmbitionBox Estimate)	₹42.6 L/yr - ₹54.4 L/yr
7 years (AmbitionBox Estimate)	₹43.4 L/yr - ₹55.4 L/yr
8 years (AmbitionBox Estimate)	₹44.2 L/yr - ₹56.4 L/yr
9 years (AmbitionBox Estimate)	₹45 L/yr - ₹57.4 L/yr
10 years (AmbitionBox Estimate)	₹48.3 L/yr - ₹53.4 L/yr

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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 Solution Associate Salary FAQs

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

The average salary of a Solution Associate at McKinsey & Company in India typically ranges from ₹30.0 Lakhs to ₹70.0 Lakhs per year, depending on experience (from 1 year to 10 years).

The top 10% of Solution Associate at McKinsey & Company earn more than ₹70.0 Lakhs per year, and the top 1% earn over ₹70.0 Lakhs per year. Solution 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 6 McKinsey & Company employees in India.

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

The estimated take-home salary of a Solution Associate at McKinsey & Company in India typically ranges from ₹2,74,842 to ₹2,86,132 per month. This is based on the average salary range of ₹30.0 Lakhs to ₹70.0 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 6 salaries received from various employees of McKinsey & Company. Check how we calculate in-hand salary with our in-hand salary calculator.

What is the salary of a Solution Associate in companies similar to McKinsey & Company in India?

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

Deloitte	₹9.5 Lakhs to ₹18.0 Lakhs per year
Vegam Solutions	₹5.2 Lakhs to ₹6.0 Lakhs per year
Whirldata Inc.	₹3.0 Lakhs to ₹9.0 Lakhs per year
Infiflex Technologies	₹3.0 Lakhs to ₹5.0 Lakhs per year
quatrro business support services	₹2.3 Lakhs to ₹3.1 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 Solution Associate at McKinsey & Company in India?

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

Experience	Average Salary Range
1 year	₹38.6 Lakhs to ₹49.3 Lakhs per year
2 years	₹39.4 Lakhs to ₹50.3 Lakhs per year
3 years	₹40.2 Lakhs to ₹51.3 Lakhs per year
4 years	₹41.0 Lakhs to ₹52.3 Lakhs per year

and so on.

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McKinsey & Company Solution Associate Salaries

McKinsey & Company Solution Associate salary in India ranges between ₹30 Lakhs to ₹70 Lakhs with an average annual salary of ₹. Salary estimates are based on 6 McKinsey & Company latest salaries received from various employees of McKinsey & Company.