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MGB Salaries in Mumbai (Updated 2025)

based on 332 latest salaries
Explore Salaries by Departments
Finance & Accounting Human Resources Risk Management & Compliance Consulting + 4 more
Designation Avg Annual Salary Open Jobs
0 - 7 years exp. · Mumbai (36 salaries)
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₹7 L/yr - ₹12 L/yr

0 - 5 years exp. · Mumbai (30 salaries)
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₹2.2 L/yr - ₹6 L/yr

3 - 8 years exp. · Mumbai (6 salaries)
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₹2.3 L/yr - ₹22.8 L/yr

0 - 7 years exp. · Mumbai (5 salaries)
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₹3.6 L/yr - ₹4.5 L/yr

Starting your career? Discover MGB fresher salaries in India
2 - 7 years exp. · Mumbai (5 salaries)
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₹2 L/yr - ₹3.6 L/yr

1 - 3 years exp. · Mumbai (5 salaries)
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₹3.9 L/yr - ₹5.5 L/yr

4 - 7 years exp. · Mumbai (4 salaries)
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₹0.4 L/yr - ₹5 L/yr

5 - 13 years exp. · Mumbai (4 salaries)
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₹3 L/yr - ₹5.2 L/yr

6 - 9 years exp. · Mumbai (4 salaries)
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₹14.5 L/yr - ₹20 L/yr

Fresher · Mumbai (4 salaries)
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₹7 L/yr - ₹9 L/yr

0 - 5 years exp. · Mumbai (4 salaries)
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₹1.8 L/yr - ₹4.3 L/yr

1 - 5 years exp. · Mumbai (4 salaries)
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₹1.8 L/yr - ₹3.3 L/yr

0 - 2 years exp. · Mumbai (4 salaries)
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₹2.8 L/yr - ₹4.1 L/yr

2 - 5 years exp. · Mumbai (3 salaries)
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₹5.5 L/yr - ₹6.5 L/yr

4 - 7 years exp. · Mumbai (3 salaries)
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₹3.4 L/yr - ₹3.5 L/yr

8 - 9 years exp. · Mumbai (3 salaries)
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₹7.2 L/yr - ₹9.2 L/yr

1 - 4 years exp. · Mumbai (3 salaries)
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₹3.6 L/yr - ₹4.5 L/yr

0 - 3 years exp. · Mumbai (3 salaries)
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₹1.5 L/yr - ₹2 L/yr

16 - 20 years exp. · Mumbai (3 salaries)
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₹9 L/yr - ₹11.2 L/yr

15 - 20 years exp. · Mumbai (3 salaries)
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₹21 L/yr - ₹33 L/yr

1 job opening

Last Updated: 20 Mar, 2025

Salary related reviews for MGB

2.9

Rated by 64 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.

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  • 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.

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  • 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.

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  • Job security - Good
  • +1 more

Dislikes

The clients are rude and overbearing.

see more salary related reviews

MGB Salary FAQs

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

Senior Associate ₹7 Lakhs to ₹12 Lakhs per year
Analyst ₹2.2 Lakhs to ₹6 Lakhs per year
Chartered Accountant ₹2.3 Lakhs to ₹22.8 Lakhs per year
HR Associate ₹3.6 Lakhs to ₹4.5 Lakhs per year

The highest-paying role, Director, earns between ₹35 Lakhs to ₹47 Lakhs per year. The top 10% of employees earn more than ₹13.5 Lakhs per year, and the top 1% earn over ₹35 Lakhs per year. 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 salary estimates are based on data from 332 salaries submitted by MGB employees. MGB is rated 2.9 out of 5 stars by its employees on the salary and benefits parameter.
What is the salary of a fresher at MGB in Mumbai?
The salary of a fresher at MGB in Mumbai typically ranges from ₹4 Lakhs to ₹9 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:
Fresher as a Investment Banking Associate Salary ₹7 Lakhs to ₹9 Lakhs per year
Fresher as a Analyst Salary ₹4 Lakhs to ₹5.5 Lakhs per year
Fresher as a Article Assistant Salary ₹0.8 Lakhs to ₹2 Lakhs per year
Fresher as a Business Development Executive Salary ₹4.8 Lakhs to ₹6.1 Lakhs per year

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Average annual salary in MGB , Mumbai is INRunlock blur . Salary estimates are based on 332 MGB latest salaries received from various employees of MGB.

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