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MGB Associate salaries in New Delhi (Updated 2025)

Annual salary range
1 - 7 years exp.
₹4 Lakhs - ₹10 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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At par with the average Associate Salary in Management Consulting Companies for 1 - 7 years of experience

Interested in this particular role? 1 job opening

Salaries in different departments

Finance & Accounting
Associate Salary
1 - 7 years exp. (8 salaries)
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₹4 L/yr - ₹10 L/yr

Data Science & Analytics
Associate Salary
4 years exp. (AmbitionBox Estimate)
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₹5 L/yr - ₹6.6 L/yr

Last Updated: 30 Mar 2025

Companies similar to MGB for Associate in New Delhi

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MGB Associate Salary

1 - 7 years exp. (11 salaries)

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₹4 L/yr - ₹10 L/yr

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

2 - 8 years exp. (33 salaries)

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₹32 L/yr - ₹67.3 L/yr

arrow icon 710% more
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Valueonshore Advisors Associate Salary

0 - 7 years exp. (23 salaries)

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₹3 L/yr - ₹7 L/yr

arrow icon 19% less
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Alvarez & Marsal Associate Salary

0 - 5 years exp. (13 salaries)

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₹10 L/yr - ₹16 L/yr

arrow icon 114% more
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Egon Zehnder International Associate Salary

1 - 6 years exp. (9 salaries)

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₹1.9 L/yr - ₹3.5 L/yr

arrow icon 54% less
1 job opening
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Frost & Sullivan Associate Salary

0 - 2 years exp. (3 salaries)

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₹4.2 L/yr - ₹5.6 L/yr

arrow icon 14% less
Associate salary at MGB ranges between ₹4 Lakhs to ₹10 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 11 latest salaries received from various employees of MGB.

Latest annual salaries shared by MGB Associate in New Delhi

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Experience wise MGB Associate salaries in New Delhi

Last Updated: 30 Mar 2025

Experience Avg Annual Salary
1 year  (4 salaries)

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₹5 L/yr - ₹10 L/yr
2 years (AmbitionBox Estimate)

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₹5.8 L/yr - ₹7.5 L/yr
3 years (AmbitionBox Estimate)

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₹5.6 L/yr - ₹7.2 L/yr
4 years  (4 salaries)

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₹4.3 L/yr - ₹7.5 L/yr
5 years (AmbitionBox Estimate)

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₹5.1 L/yr - ₹6.5 L/yr
View all

Similar Designation salaries in MGB

Analyst Salary
(6 salaries)
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₹2.52 L/yr - ₹7 L/yr
Trainee Salary
(3 salaries)
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₹1.8 L/yr - ₹2.5 L/yr

Top skills at MGB for Associate

Accounting IBC Due Diligence csr IT Security

Salary related reviews for MGB

2.1

Rated by 2 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 in New Delhi?
The average salary of a Associate at MGB in New Delhi typically ranges from ₹4.0 Lakhs to ₹10.0 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Associate in New Delhi at MGB earn more than ₹8.5 Lakhs per year, and the top 1% earn over ₹10.0 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 10+ MGB employees in India.
What is the estimated take home salary of a Associate at MGB in New Delhi?
The estimated take-home salary of a Associate at MGB in New Delhi typically ranges from ₹46,295 to ₹47,392 per month. This is based on the average salary range of ₹4.0 Lakhs to ₹10.0 Lakhs per year for employees with experience ranging from 1 year to 7 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 10+ 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 in New Delhi?
To be a Associate at MGB in New Delhi, 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?
McKinsey & Company ₹32.0 Lakhs to ₹67.3 Lakhs per year
Alvarez & Marsal ₹10.0 Lakhs to ₹16.0 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 New Delhi?
The salary of a Associate at companies similar to MGB in New Delhi varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Frost & Sullivan ₹4.2 Lakhs to ₹5.6 Lakhs per year
Valueonshore Advisors ₹3.0 Lakhs to ₹7.0 Lakhs per year
Egon Zehnder International ₹1.9 Lakhs to ₹3.5 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 New Delhi?
The salary growth for a Associate at MGB in New Delhi depends on factors such as experience, performance, and promotions. On average, a Associate in New Delhi can expect the following growth trajectory at MGB:

Experience Average Salary Range
1 year ₹5.0 Lakhs to ₹10.0 Lakhs per year
2 years ₹5.8 Lakhs to ₹7.5 Lakhs per year
3 years ₹5.6 Lakhs to ₹7.2 Lakhs per year
4 years ₹4.3 Lakhs to ₹7.5 Lakhs per year
and so on.

Tell us how to improve this page.

MGB Associate salary in New Delhi ranges between ₹4 Lakhs to ₹10 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 11 MGB latest salaries received from various employees of MGB.