MGB Associate Salaries by 70+ Employees (Updated 2025)

0 - 6 years exp.

₹3.3 Lakhs - ₹10 Lakhs

Salary of majority employees

13% less than the average Associate Salary in Management Consulting Companies for 0 - 6 years of experience

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Salaries in different departments

Finance & Accounting Associate Salary 0 - 6 years exp. (54 salaries)	₹3.3 L/yr - ₹9.3 L/yr
Risk Management & Compliance Associate Salary 0 - 6 years exp. (3 salaries)	₹7 L/yr - ₹10 L/yr
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BFSI, Investments & Trading Associate Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹6.4 L/yr - ₹7.4 L/yr
Consulting Associate Salary 3 - 4 years exp. (AmbitionBox Estimate)	₹5.5 L/yr - ₹6.9 L/yr
Legal & Regulatory Associate Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹6 L/yr - ₹6.3 L/yr

Last Updated: 5 Mar 2025

Companies similar to MGB for Associate

Company name	Avg Annual Salary	Open Jobs
TCS Associate Salary 0 - 9 years exp. (4.7k salaries)	₹1 L/yr - ₹7.9 L/yr 39% less
Infosys Associate Salary 1 - 4 years exp. (271 salaries)	₹2.4 L/yr - ₹11.3 L/yr 5% more
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Wipro Associate Salary 0 - 5 years exp. (13.3k salaries)	₹0.9 L/yr - ₹4.8 L/yr 57% less	31 job openings
Accenture Associate Salary 0 - 6 years exp. (5.8k salaries)	₹0.8 L/yr - ₹7 L/yr 37% less	72 job openings
IBM Associate Salary 1 - 5 years exp. (213 salaries)	₹1.9 L/yr - ₹10 L/yr 18% less
Capgemini Associate Salary 0 - 4 years exp. (1.9k salaries)	₹1 L/yr - ₹7.2 L/yr 45% less
HCLTech Associate Salary 0 - 6 years exp. (2.1k salaries)	₹0.9 L/yr - ₹5.5 L/yr 51% less
Tech Mahindra Associate Salary 0 - 6 years exp. (4.2k salaries)	₹0.9 L/yr - ₹8 L/yr 53% less
Cognizant Associate Salary 0 - 9 years exp. (72k salaries)	₹5.1 L/yr - ₹16 L/yr 37% more
Deloitte Associate Salary 0 - 4 years exp. (436 salaries)	₹3.3 L/yr - ₹12.5 L/yr 24% more
McKinsey & Company Associate Salary 1 - 8 years exp. (245 salaries)	₹21.5 L/yr - ₹68.9 L/yr 647% more
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Mahindra & Mahindra Associate Salary 0 - 12 years exp. (146 salaries)	₹1.5 L/yr - ₹7 L/yr 47% less
ITC Associate Salary 1 - 11 years exp. (107 salaries)	₹1.7 L/yr - ₹9 L/yr 33% less
Reliance Industries Associate Salary 0 - 8 years exp. (86 salaries)	₹1.2 L/yr - ₹6.5 L/yr 52% less
Alvarez & Marsal Associate Salary 0 - 5 years exp. (59 salaries)	₹9.5 L/yr - ₹20 L/yr 103% more	1 job opening
Valueonshore Advisors Associate Salary 0 - 6 years exp. (54 salaries)	₹3 L/yr - ₹7 L/yr 27% less
Huron Associate Salary 4 - 7 years exp. (44 salaries)	₹6 L/yr - ₹23.8 L/yr 118% more
Adani Group Associate Salary 0 - 6 years exp. (36 salaries)	₹2 L/yr - ₹5.1 L/yr 41% less
Egon Zehnder International Associate Salary 1 - 6 years exp. (22 salaries)	₹1.9 L/yr - ₹4 L/yr 55% less	1 job opening
Aditya Birla Group Associate Salary 0 - 14 years exp. (15 salaries)	₹2 L/yr - ₹9 L/yr 39% less

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Associate salary at MGB ranges between ₹3.3 Lakhs to ₹10 Lakhs per year for employees with less than 1 year of experience to 6 years. Salary estimates are based on 76 latest salaries received from various employees of MGB.

Experience wise MGB Associate salaries

Last Updated: 5 Mar 2025

Experience	Avg Annual Salary
Fresher (11 salaries)	₹5 L/yr - ₹10 L/yr
1 year (11 salaries)	₹5 L/yr - ₹8 L/yr
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2 years (11 salaries)	₹5.1 L/yr - ₹8 L/yr
3 years (13 salaries)	₹5 L/yr - ₹9.3 L/yr
4 years (13 salaries)	₹3.3 L/yr - ₹8 L/yr
5 years (11 salaries)	₹3.6 L/yr - ₹8 L/yr
6 years (6 salaries)	₹4.5 L/yr - ₹7 L/yr

View all

Similar Designation salaries in MGB

Senior Associate Salary

(51 salaries)

₹6.5 L/yr - ₹12 L/yr

Team Lead Salary

(AmbitionBox Estimate)

₹5.9 L/yr - ₹7.5 L/yr

Associate Consultant Salary

(3 salaries)

₹3.6 L/yr - ₹5.4 L/yr

Software Developer Salary

(AmbitionBox Estimate)

₹7 L/yr - ₹9 L/yr

Top skills at MGB for Associate

Accounting IBC Due Diligence csr IT Security

Salary related reviews for MGB

3.2

Rated by 10 employees for salary & benefits

Assistant Manager in New Delhi

Full Time

Finance & Accounting Department

4.0

• posted on 22 Aug 2023

5.0

for Salary and Benefits

Likes

No unnecessary late night sittings in all departments except statutory audit even after peak tax season, Handsome salary package offered, timely salary credited.

Salary - Excellent

+1 more

Dislikes

Poisonous politics in office, Terrible promotions, Employee's performance measured and deficiencies communicated only at the time of appraisals instead of periodical (quarterly/semi-annually) performance so that cost-saving should be made, No anonymous review taken from employees against their seniors, If there is no work in a department then you will allocated to another department (For example :- If no work is allocated to statutory audit executive, then his/her spare capacity is utilized by temporary transfer to another internal audit or business development department by the partners)

Job security - Poor

+1 more

Business Developer in New Delhi

Sales & Business Development Department

1.0

• posted on 31 May 2022

1.0

for Salary and Benefits

Likes

All the things like culture, environment, reporting person attitude, delay in salary, no limits of working hours were horrible experience for me. I never saw such a pathetic company in my entire life

Dislikes

Every thing.

Salary - Bad

+6 more

Analyst in Mumbai

Full Time

Finance & Accounting Department

1.0

• posted on 28 Dec 2023

2.0

for Salary and Benefits

Likes

Nothing

Dislikes

The work culture is bad, alot of favouritism happening, plus the rules are terrible. In Probation period the notice period is 2 months. Plus they claim as Sat off and after joining they say that we need to work on sat as per client’s requirement and no overtime are paid nor comp off is given.

Salary - Poor

+5 more

Senior Associate in New Delhi

Full Time

Finance & Accounting Department

1.0

• posted on 19 Jun 2023

2.0

for Salary and Benefits

Likes

Nothing to like

Dislikes

MGB- Delhi branch is disaster in the name of corporate culture as well as in the name of CA community, Senior of Internal Audit team especially don't know how to manage and run a team, They are running a business like a "lala ki dukan". I will never suggest anyone to join MGB Delhi Branch especially.

Salary - Poor

+6 more

Audit Associate in Mumbai

Full Time

Other Department

3.0

• posted on 11 Feb 2023

3.0

for Salary and Benefits

Likes

The clients are big and one can join the audit department even without having prior audit experience, as long as your interview goes well. Also the work life balance is good and any CA aspirant gets sufficient leave.

Job security - Good

+1 more

Dislikes

The clients are rude and overbearing.

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Top trending discussions

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Salary Discussions, Hike & Promotions

2w (edited)

an associate vice president

Offer Accepted

I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in my previous org.

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MGB Associate Salary FAQs

What is the salary of Associate at MGB?

Associate salary at MGB in India ranges between ₹3.3 Lakhs to ₹10.0 Lakhs for less than 1 year of experience to 6 years. According to our estimates it is 13% less than the average Associate Salary in India. Salary estimates are based on 76 latest salaries received from various employees of MGB India.

How does the salary of a Associate at MGB India compare with the average salary range for this job?

The average salary of a Associate at MGB is 13% less than the average salary of a Associate in India. To know exact salary insights, login to view.

What are the top skills required to work as a Associate at MGB?

Accounting, IBC, Due Diligence, csr and IT Security are some of the popular skills required to work as a Associate at MGB India.

Which similar companies are paying more than MGB to a Associate in India?

McKinsey & Company Associate Salary - ₹21.5 Lakhs to ₹68.9 Lakhs per year
Huron Associate Salary - ₹6.0 Lakhs to ₹23.8 Lakhs per year
Alvarez & Marsal Associate Salary - ₹9.5 Lakhs to ₹20.0 Lakhs per year
Cognizant Associate Salary - ₹5.1 Lakhs to ₹16.0 Lakhs per year
Korn Ferry Associate Salary - ₹6.0 Lakhs to ₹15.0 Lakhs per year

What is the salary of a Associate in companies similar to MGB in India?

Deloitte Associate Salary - ₹3.3 Lakhs to ₹12.5 Lakhs per year
Protiviti India Member Associate Salary - ₹3.6 Lakhs to ₹12.5 Lakhs per year
Infosys Associate Salary - ₹2.4 Lakhs to ₹11.3 Lakhs per year
The Hackett Group Associate Salary - ₹5.5 Lakhs to ₹6.9 Lakhs per year
The Smart Cube Associate Salary - ₹4.7 Lakhs to ₹8.0 Lakhs per year

What is the estimated take home salary of a Associate at MGB in India?

The estimated take-home salary of a Associate at MGB ranges between ₹50,422 per month to ₹51,612 per month in India. The take-home salary calculation is based on the average MGB Associate salary in India which ranges between ₹3.3 Lakhs to ₹10.0 Lakhs per year for employees with less than 1 year of experience to 6 years. Check how did we calculate take home salary?

What is the notice period for Associate at MGB?

According to AmbitionBox, 67% of the MGB Associates reported a notice period of 2 Months, 28% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 58 responses on AmbitionBox in last 2 years.

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MGB Associate Salaries

MGB Associate salary in India ranges between ₹3.3 Lakhs to ₹10 Lakhs with an average annual salary of ₹. Salary estimates are based on 76 MGB latest salaries received from various employees of MGB.