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Mercer Salaries in Mumbai (Updated 2025)

based on 133 latest salaries
Explore Salaries by Departments
Human Resources Consulting BFSI, Investments & Trading Finance & Accounting + 5 more
Designation Avg Annual Salary Open Jobs
5 - 8 years exp. · Mumbai (8 salaries)
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₹14.3 L/yr - ₹28 L/yr

5 - 9 years exp. · Mumbai (8 salaries)
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₹5.6 L/yr - ₹8.5 L/yr

1 job opening
2 - 4 years exp. · Mumbai (6 salaries)
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₹15 L/yr - ₹25 L/yr

12 - 16 years exp. · Mumbai (5 salaries)
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₹25 L/yr - ₹49 L/yr

2 job openings
Starting your career? Discover Mercer fresher salaries in India
1 - 8 years exp. · Mumbai (5 salaries)
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₹6 L/yr - ₹10.4 L/yr

0 - 2 years exp. · Mumbai (5 salaries)
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₹4.8 L/yr - ₹7.4 L/yr

6 - 10 years exp. · Mumbai (3 salaries)
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₹9.5 L/yr - ₹15 L/yr

1 - 2 years exp. · Mumbai (3 salaries)
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₹5 L/yr - ₹12 L/yr

5 - 9 years exp. · Mumbai (3 salaries)
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₹5.8 L/yr - ₹6.6 L/yr

13 - 18 years exp. · Mumbai (3 salaries)
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₹10.5 L/yr - ₹20 L/yr

20 - 22 years exp. · Mumbai (3 salaries)
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₹40.5 L/yr - ₹51.8 L/yr

1 - 2 years exp. · Mumbai (3 salaries)
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₹6 L/yr - ₹9.3 L/yr

2 - 3 years exp. · Mumbai (AmbitionBox Estimate)
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₹5.4 L/yr - ₹6.9 L/yr

6 - 10 years exp. · Mumbai (AmbitionBox Estimate)
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₹5 L/yr - ₹10.1 L/yr

2 years exp. · Mumbai (AmbitionBox Estimate)
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₹3 L/yr - ₹6.8 L/yr

14 - 15 years exp. · Mumbai (AmbitionBox Estimate)
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₹27 L/yr - ₹34.5 L/yr

8 years exp. · Mumbai (AmbitionBox Estimate)
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₹6.8 L/yr - ₹8.6 L/yr

5 - 6 years exp. · Mumbai (AmbitionBox Estimate)
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₹9 L/yr - ₹11.9 L/yr

13 - 14 years exp. · Mumbai (AmbitionBox Estimate)
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₹22.7 L/yr - ₹29 L/yr

3 - 4 years exp. · Mumbai (AmbitionBox Estimate)
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₹6.8 L/yr - ₹8.6 L/yr

Last Updated: 24 Mar, 2025

Salary related reviews for Mercer

3.3

Rated by 23 employees for salary & benefits

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 16 Apr 2023

4.0
 for  Salary and Benefits

Likes

Salary is comparatively higher than other firms.

  • Salary - Good
  • +2 more

Dislikes

Lack of support from manager. Too much favouritism culture exists. Also they have now increased heirarchy which has made way too difficult to reach into a people manager role.

read more
  • Skill development - Poor
  • +3 more

Full Time

 · 

BFSI, Investments & Trading Department

4.0
  •  posted on 22 Mar 2023

3.0
 for  Salary and Benefits

Likes

Working at Mercer has been a rewarding experience. It has a great working culture with no requirement to log-in or log-off at a particular time. Team is young and thus you get the opportunity to learn with the peers and also showcase your strengths. Its a great place to work in the early part of your career.

read more
  • Job security - Excellent
  • +3 more

Dislikes

... is below par, particularly as you get more experience within a particular role. Monetary compensation is average and should improve further to retain the best talent.

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Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 11 Feb 2023

1.0
 for  Salary and Benefits

Likes

Company values and people centric organisation. Care a lot about people

  • Job security - Good

Dislikes

Perks and Salary benefits are not good. Management is biased and runs around few people. Poor skill development, quality of work is very low.

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  • Salary - Bad
  • +3 more

Operations Department

4.0
  •  posted on 18 May 2022

2.0
 for  Salary and Benefits

Likes

Work culture, office location and transport facilities.

  • Job security - Good
  • +1 more

Dislikes

EB operation is the worst department to land into, these ppl give you good salary in the beginning, make you feel comfortable and then the real show begins. I have been into EB operations since 6 years and more but thanks to very less or no opportunities plus the management politics that I am still stuck to the same designation that I had started with. The irony is you are being told you are the best but when it come to hikes and promotions the management distances you! they fact is we are being used as a office furniture which has been rented out by the company. To all those reading this please do not get into your comfort zone and stick to a company only if its relevant to you and your growth the rest all is just a illusion.

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  • Salary - Poor
  • +3 more

Full Time

 · 

Finance & Accounting Department

1.0
  •  posted on 06 Feb 2025

2.0
 for  Salary and Benefits

Likes

Decent work life balance. Free transport and food (credits provided in app for each day you come to office) Like a government company, it has good job security. Multiple people here with 10+ years on the job.

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  • Job security - Excellent
  • +1 more

Dislikes

... after joining because job description gives a false sense of high quality work. Below average salary. Unusually high level of corporate politics and favouritism atleast in investment team. Attendance taken everyday like in school. People with lot of experience in this firm are actually stuck here because they never got their skills developed (copy paste doesn't require any skills) so firm hires them. Also, managers are absolutely incompetent. Also, 3 MONTH NOTICE period to curb attrition.

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  • Salary - Poor
  • +4 more
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Mercer Salary FAQs

How much does Mercer pay to its employees?
The average annual salary at Mercer varies depending on the role, experience, and location. The salary ranges for some popular designations at Mercer, are as follows:

Senior Consultant ₹14.3 Lakhs to ₹28 Lakhs per year
Senior Specialist ₹5.6 Lakhs to ₹8.5 Lakhs per year
Rewards Consultant ₹15 Lakhs to ₹25 Lakhs per year
Associate Director ₹25 Lakhs to ₹49 Lakhs per year

The highest-paying role, Principal, earns between ₹35 Lakhs to ₹85 Lakhs per year. The top 10% of employees earn more than ₹21 Lakhs per year, and the top 1% earn over ₹42 Lakhs per year. Salaries at Mercer 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 salary estimates are based on data from 133 salaries submitted by Mercer employees. Mercer is rated 3.3 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at Mercer in Mumbai?
The salary of a fresher at Mercer in Mumbai typically ranges from ₹1 Lakh to ₹9.5 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Senior Analyst Salary ₹2.7 Lakhs to ₹5 Lakhs per year
Fresher as a Data Analyst Salary ₹2.2 Lakhs to ₹5.8 Lakhs per year
Fresher as a Actuarial Analyst Salary ₹4.8 Lakhs to ₹9.5 Lakhs per year
Fresher as a Compensation and Benefits Analyst Salary ₹3.5 Lakhs to ₹4 Lakhs per year

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Average annual salary in Mercer , Mumbai is INRunlock blur . Salary estimates are based on 100+ Mercer latest salaries received from various employees of Mercer.

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