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MGB Associate salaries in India (Updated 2025)

Annual salary range
0 - 6 years exp.
₹3.3 Lakhs - ₹10 Lakhs
Salary of majority employees
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14% less than the average Associate Salary in Management Consulting Companies for 0 - 6 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Finance & Accounting
Associate Salary
0 - 6 years exp. (55 salaries)
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₹3.3 L/yr - ₹9.3 L/yr

Legal & Regulatory
Associate Salary
1 - 2 years exp. (4 salaries)
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₹4 L/yr - ₹6.3 L/yr

Risk Management & Compliance
Associate Salary
0 - 6 years exp. (3 salaries)
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₹7 L/yr - ₹10 L/yr

BFSI, Investments & Trading
Associate Salary
1 - 2 years exp. (AmbitionBox Estimate)
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₹6.4 L/yr - ₹7.3 L/yr

Consulting
Associate Salary
3 - 4 years exp. (AmbitionBox Estimate)
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₹5.5 L/yr - ₹6.8 L/yr

Last Updated: 15 Mar 2025

Companies similar to MGB for Associate

Company name Avg Annual Salary Open Jobs
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McKinsey & Company Associate Salary

1 - 8 years exp. (248 salaries)

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₹23.5 L/yr - ₹66.7 L/yr

arrow icon 663% more
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Alvarez & Marsal Associate Salary

0 - 4 years exp. (60 salaries)

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₹9.5 L/yr - ₹20 L/yr

arrow icon 104% more
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Valueonshore Advisors Associate Salary

0 - 6 years exp. (56 salaries)

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₹3 L/yr - ₹7 L/yr

arrow icon 26% less
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Huron Associate Salary

4 - 9 years exp. (51 salaries)

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₹6 L/yr - ₹25 L/yr

arrow icon 123% more
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Egon Zehnder International Associate Salary

1 - 6 years exp. (22 salaries)

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₹1.9 L/yr - ₹4 L/yr

arrow icon 55% less
1 job opening
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Frost & Sullivan Associate Salary

0 - 2 years exp. (13 salaries)

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₹4.1 L/yr - ₹6.5 L/yr

arrow icon 19% less
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The Hackett Group Associate Salary

3 - 7 years exp. (9 salaries)

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₹5.5 L/yr - ₹6.9 L/yr

arrow icon 6% more
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Beroe Inc Associate Salary

0 - 5 years exp. (7 salaries)

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₹4 L/yr - ₹4.3 L/yr

arrow icon 38% less
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Korn Ferry Associate Salary

0 - 9 years exp. (7 salaries)

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₹6 L/yr - ₹15 L/yr

arrow icon 32% more
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The Smart Cube Associate Salary

1 - 2 years exp. (6 salaries)

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₹4.7 L/yr - ₹8 L/yr

At par
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Milliman Associate Salary

1 - 2 years exp. (5 salaries)

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₹3.5 L/yr - ₹4.2 L/yr

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Protiviti India Member Associate Salary

0 - 8 years exp. (5 salaries)

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₹3.6 L/yr - ₹12.5 L/yr

arrow icon 8% more
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ICF International Associate Salary

3 - 5 years exp. (4 salaries)

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₹5.4 L/yr - ₹17 L/yr

arrow icon 82% more
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Oliver Wyman Associate Salary

5 - 10 years exp. (3 salaries)

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₹35 L/yr - ₹96 L/yr

arrow icon 877% more
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HTIC Global Associate Salary

1 - 7 years exp. (3 salaries)

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₹3.2 L/yr - ₹4.5 L/yr

arrow icon 40% less
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 79 latest salaries received from various employees of MGB.

Latest annual salaries shared by MGB Associate

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Experience wise MGB Associate salaries

Last Updated: 15 Mar 2025

Experience Avg Annual Salary
Fresher  (12 salaries)

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₹5 L/yr - ₹10 L/yr
1 year  (12 salaries)

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₹4 L/yr - ₹8 L/yr
2 years  (12 salaries)

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₹4 L/yr - ₹8 L/yr
3 years  (13 salaries)

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₹5 L/yr - ₹9.3 L/yr
4 years  (13 salaries)

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₹3.3 L/yr - ₹8 L/yr
View all

Similar Designation salaries in MGB

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₹6.5 L/yr - ₹12 L/yr
Team Lead Salary
(AmbitionBox Estimate)
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₹5.9 L/yr - ₹7.5 L/yr
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₹3.6 L/yr - ₹5.4 L/yr
Software Developer Salary
(AmbitionBox Estimate)
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₹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

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.

read more
  • 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)

read more
  • Job security - Poor
  • +1 more

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

read more

Dislikes

Every thing.

  • Salary - Bad
  • +6 more

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.

read more
  • Salary - Poor
  • +5 more

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.

read more
  • Salary - Poor
  • +6 more

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.

read more
  • Job security - Good
  • +1 more

Dislikes

The clients are rude and overbearing.

see more salary related reviews

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MGB Associate Salary FAQs

What is the salary of Associate at MGB ?
The average salary of a Associate at MGB in India typically ranges from ₹3.3 Lakhs to ₹10.0 Lakhs per year, depending on experience (from Fresher to 6 years).

The top 10% of Associate at MGB earn more than ₹8.0 Lakhs per year, and the top 1% earn over ₹9.8 Lakhs per year. Associate Salaries at MGB 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 70+ MGB employees in India.
What is the estimated take home salary of a Associate at MGB in India?
The estimated take-home salary of a Associate at MGB in India typically ranges from ₹49,760 to ₹50,936 per month. This is based on the average salary range of ₹3.3 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from Fresher to 6 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 70+ salaries received from various employees of MGB. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Associate at MGB ?
To be a Associate at MGB in india, the key skills required include:

  • - Accounting
  • - IBC
  • - Due Diligence
  • - csr
  • - IT Security

These skills are highly valued at MGB and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than MGB for Associate in India?
Oliver Wyman ₹35.0 Lakhs to ₹96.0 Lakhs per year
McKinsey & Company ₹23.5 Lakhs to ₹66.7 Lakhs per year
Huron ₹6.0 Lakhs to ₹25.0 Lakhs per year
Alvarez & Marsal ₹9.5 Lakhs to ₹20.0 Lakhs per year
ICF International ₹5.4 Lakhs to ₹17.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by MGB, depending on the role and experience level.
What is the salary of a Associate in companies similar to MGB in India?
The salary of a Associate at companies similar to MGB in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Korn Ferry ₹6.0 Lakhs to ₹15.0 Lakhs per year
Protiviti India Member ₹3.6 Lakhs to ₹12.5 Lakhs per year
The Hackett Group ₹5.5 Lakhs to ₹6.9 Lakhs per year
The Smart Cube ₹4.7 Lakhs to ₹8.0 Lakhs per year
Frost & Sullivan ₹4.1 Lakhs to ₹6.5 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 Associate at MGB in India?
The salary growth for a Associate at MGB depends on factors such as experience, performance, and promotions. On average, a Associate can expect the following growth trajectory at MGB:

Experience Average Salary Range
Fresher ₹5.0 Lakhs to ₹10.0 Lakhs per year
1 year ₹4.0 Lakhs to ₹8.0 Lakhs per year
2 years ₹4.0 Lakhs to ₹8.0 Lakhs per year
3 years ₹5.0 Lakhs to ₹9.3 Lakhs per year
and so on.

Tell us how to improve this page.

MGB Associate salary in India ranges between ₹3.3 Lakhs to ₹10 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 79 MGB latest salaries received from various employees of MGB.