McKinsey & Company Senior Associate Salaries by 40+ Employees (Updated 2025)

1 - 9 years exp.

₹22 Lakhs - ₹76 Lakhs

Salary of majority employees

392% more than the average Senior Associate Salary in Management Consulting Companies for 1 - 9 years of experience

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Salaries in different departments

Strategic & Top Management Senior Associate Salary 5 - 8 years exp. (3 salaries)	₹30.2 L/yr - ₹55 L/yr
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Data Science & Analytics Senior Associate Salary 2 years exp. (AmbitionBox Estimate)	₹55 L/yr - ₹60.1 L/yr

Last Updated: 8 Feb 2025

Companies similar to McKinsey & Company for Senior Associate

Company name	Avg Annual Salary	Open Jobs
Bain & Company Senior Associate Salary 1 - 6 years exp. (303 salaries)	₹9.5 L/yr - ₹27 L/yr 58% less	1 job opening
BCG Senior Associate Salary 0 - 5 years exp. (410 salaries)	₹24 L/yr - ₹50 L/yr 15% less
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Deloitte Senior Associate Salary 1 - 9 years exp. (496 salaries)	₹6.5 L/yr - ₹28 L/yr 65% less	6 job openings
PwC Senior Associate Salary 0 - 12 years exp. (15k salaries)	₹8 L/yr - ₹30 L/yr 61% less	349 job openings
Ernst & Young Senior Associate Salary 0 - 12 years exp. (3.8k salaries)	₹6 L/yr - ₹22 L/yr 72% less	42 job openings
KPMG India Senior Associate Salary 0 - 9 years exp. (861 salaries)	₹6.8 L/yr - ₹27 L/yr 67% less
Accenture Senior Associate Salary 0 - 10 years exp. (3.7k salaries)	₹1.5 L/yr - ₹9 L/yr 88% less
Capgemini Senior Associate Salary 0 - 10 years exp. (7.6k salaries)	₹1.5 L/yr - ₹7.4 L/yr 90% less
TCS Senior Associate Salary 0 - 12 years exp. (7.5k salaries)	₹1.4 L/yr - ₹8.2 L/yr 90% less
Infosys Senior Associate Salary 1 - 8 years exp. (1.3k salaries)	₹5.9 L/yr - ₹16 L/yr 80% less
IBM Senior Associate Salary 2 - 10 years exp. (658 salaries)	₹5.4 L/yr - ₹16 L/yr 80% less
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Willis Towers Watson Senior Associate Salary 3 - 12 years exp. (439 salaries)	₹3 L/yr - ₹8.2 L/yr 88% less
RSM US in India Senior Associate Salary 2 - 8 years exp. (303 salaries)	₹7.5 L/yr - ₹21 L/yr 69% less	40 job openings
VISTRA INTERNATIONAL EXPANSION Senior Associate Salary 3 - 10 years exp. (128 salaries)	₹3 L/yr - ₹7.5 L/yr 87% less	3 job openings
ZS Senior Associate Salary 1 - 5 years exp. (72 salaries)	₹10 L/yr - ₹17.2 L/yr 71% less
Mercer Senior Associate Salary 2 - 6 years exp. (63 salaries)	₹2 L/yr - ₹7 L/yr 90% less	1 job opening
Blackrock Senior Associate Salary 6 - 13 years exp. (50 salaries)	₹11 L/yr - ₹33 L/yr 59% less
Gartner Senior Associate Salary 2 - 6 years exp. (37 salaries)	₹4 L/yr - ₹13 L/yr 83% less	1 job opening
Huron Senior Associate Salary 3 - 10 years exp. (33 salaries)	₹10.1 L/yr - ₹32.2 L/yr 60% less	1 job opening
The Smart Cube Senior Associate Salary 4 - 7 years exp. (22 salaries)	₹6 L/yr - ₹19 L/yr 73% less

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Senior Associate salary at McKinsey & Company ranges between ₹22 Lakhs to ₹76 Lakhs per year for employees with experience between 1 year to 9 years. Salary estimates are based on 45 latest salaries received from various employees of McKinsey & Company.

Experience wise McKinsey & Company Senior Associate salaries

Last Updated: 8 Feb 2025

Experience	Avg Annual Salary
1 year (3 salaries)	₹23 L/yr - ₹81.1 L/yr
2 years (5 salaries)	₹22 L/yr - ₹55 L/yr
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3 years (5 salaries)	₹24 L/yr - ₹65 L/yr
4 years (AmbitionBox Estimate)	₹24 L/yr - ₹76 L/yr
5 years (12 salaries)	₹25.5 L/yr - ₹62 L/yr
6 years (9 salaries)	₹25 L/yr - ₹65 L/yr
7 years (4 salaries)	₹22 L/yr - ₹55 L/yr
8 years (3 salaries)	₹30.2 L/yr - ₹55 L/yr
9 years (AmbitionBox Estimate)	₹39 L/yr - ₹62 L/yr

View all

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Salary related reviews for McKinsey & Company

4.0

Rated by 7 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

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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

Salary Negotiation in an interview

Hi, I have had a first round of interview with the company. And mentioned my salary expectations as 15- 20% from my previous LPA. But after that I feel like I have undervalued my expectations. Being in the field for 9 years with the required skill, considering the market and the prospect company is a well known builder, i should have asked more. Anyway a face to face interview is scheduled next week. How to ask them a higher salary from what I have mentioned earlier. And how much I can ask more. Please help. Thanks in advance.

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McKinsey & Company Senior Associate Salary FAQs

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

Senior Associate salary at McKinsey & Company in India ranges between ₹22.0 Lakhs to ₹76.0 Lakhs for experience between 1 years to 9 years. According to our estimates it is 392% more than the average Senior Associate Salary in India. Salary estimates are based on 45 latest salaries received from various employees of McKinsey & Company India.

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

The average salary of a Senior Associate at McKinsey & Company is 392% more than the average salary of a Senior Associate in India. To know exact salary insights, login to view.

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

Kearney Senior Associate Salary - ₹40.0 Lakhs to ₹68.0 Lakhs per year

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

BCG Senior Associate Salary - ₹24.0 Lakhs to ₹50.0 Lakhs per year
Korn Ferry Senior Associate Salary - ₹30.0 Lakhs to ₹40.0 Lakhs per year
Bain & Company Senior Associate Salary - ₹9.5 Lakhs to ₹27.0 Lakhs per year
Blackrock Senior Associate Salary - ₹11.0 Lakhs to ₹33.0 Lakhs per year
Huron Senior Associate Salary - ₹10.1 Lakhs to ₹32.2 Lakhs per year

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

The estimated take-home salary of a Senior Associate at McKinsey & Company ranges between ₹2,70,640 per month to ₹2,81,740 per month in India. The take-home salary calculation is based on the average McKinsey & Company Senior Associate salary in India which ranges between ₹22.0 Lakhs to ₹76.0 Lakhs per year for employees with experience between 1 years to 9 years. Check how did we calculate take home salary?

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

According to AmbitionBox, 60% of the McKinsey & Company Senior Associates reported a notice period of 2 Months, 33% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 15 responses on AmbitionBox in last 2 years.

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McKinsey & Company Senior Associate Salaries

McKinsey & Company Senior Associate salary in India ranges between ₹22 Lakhs to ₹76 Lakhs with an average annual salary of ₹. Salary estimates are based on 45 McKinsey & Company latest salaries received from various employees of McKinsey & Company.