MGB Senior Associate Salaries by 50+ Employees (Updated 2025)

0 - 7 years exp.

₹6.5 Lakhs - ₹12 Lakhs

Salary of majority employees

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At par with the average Senior Associate Salary in Management Consulting Companies for 0 - 7 years of experience

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Salaries in different departments

Finance & Accounting Senior Associate Salary 0 - 7 years exp. (40 salaries)	Unlock ₹6.5 L/yr - ₹11.5 L/yr
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BFSI, Investments & Trading Senior Associate Salary 1 - 7 years exp. (3 salaries)	Unlock ₹10 L/yr - ₹11.5 L/yr

Last Updated: 10 Mar 2025

Companies similar to MGB for Senior Associate

Company name	Avg Annual Salary	Open Jobs
Tata Group Senior Associate Salary 0 - 10 years exp. (24 salaries)	Unlock ₹4 L/yr - ₹15.4 L/yr 1% less
Reliance Industries Senior Associate Salary 2 - 7 years exp. (97 salaries)	Unlock ₹1.3 L/yr - ₹8.6 L/yr 58% less
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Aditya Birla Group Senior Associate Salary 3 - 8 years exp. (8 salaries)	Unlock ₹3.4 L/yr - ₹7 L/yr 48% less
Mahindra & Mahindra Senior Associate Salary 2 - 11 years exp. (34 salaries)	Unlock ₹2 L/yr - ₹6.7 L/yr 49% less
Godrej Industries Group Senior Associate Salary 3 - 7 years exp. (4 salaries)	Unlock ₹9 L/yr - ₹26.9 L/yr 83% more
Adani Group Senior Associate Salary 1 - 12 years exp. (7 salaries)	Unlock ₹3.1 L/yr - ₹12 L/yr 31% less
ITC Senior Associate Salary 4 - 14 years exp. (34 salaries)	Unlock ₹3.5 L/yr - ₹9.5 L/yr 30% less
Hindustan Unilever Senior Associate Salary 2 - 11 years exp. (14 salaries)	Unlock ₹5.7 L/yr - ₹19 L/yr 33% more
Maruti Suzuki Senior Associate Salary 3 - 10 years exp. (4 salaries)	Unlock ₹10.3 L/yr - ₹17 L/yr 44% more
Alvarez & Marsal Senior Associate Salary 2 - 8 years exp. (124 salaries)	Unlock ₹15 L/yr - ₹36 L/yr 150% more
Valueonshore Advisors Senior Associate Salary 3 - 12 years exp. (99 salaries)	Unlock ₹4 L/yr - ₹10.4 L/yr 17% less
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McKinsey & Company Senior Associate Salary 1 - 9 years exp. (45 salaries)	Unlock ₹22 L/yr - ₹76 L/yr 380% more
Huron Senior Associate Salary 3 - 10 years exp. (34 salaries)	Unlock ₹9 L/yr - ₹29 L/yr 78% more
The Smart Cube Senior Associate Salary 4 - 7 years exp. (22 salaries)	Unlock ₹6 L/yr - ₹19 L/yr 27% more
The Hackett Group Senior Associate Salary 5 - 11 years exp. (13 salaries)	Unlock ₹6.5 L/yr - ₹12 L/yr 4% more
Milliman Senior Associate Salary 2 - 6 years exp. (6 salaries)	Unlock ₹3.4 L/yr - ₹7.5 L/yr 35% less
Egon Zehnder International Senior Associate Salary 6 - 12 years exp. (6 salaries)	Unlock ₹10.3 L/yr - ₹14.6 L/yr 26% more
Korn Ferry Senior Associate Salary 8 - 14 years exp. (5 salaries)	Unlock ₹30 L/yr - ₹40 L/yr 268% more
ICF International Senior Associate Salary 4 - 7 years exp. (3 salaries)	Unlock ₹10 L/yr - ₹24.5 L/yr 98% more

Senior Associate salary at MGB ranges between ₹6.5 Lakhs to ₹12 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 51 latest salaries received from various employees of MGB.

Latest annual salaries shared by MGB Senior Associate

2d ago

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4 years exp.

3mo ago

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2 years exp.

3mo ago

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3 years exp.

6mo ago

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7 years exp.

6mo ago

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3 years exp.

7mo ago

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4 years exp.

7mo ago

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5 years exp.

8mo ago

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7 years exp.

8mo ago

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6 years exp.

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2 years exp.

Experience wise MGB Senior Associate salaries

Last Updated: 10 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	Unlock ₹9 L/yr - ₹18 L/yr
1 year (4 salaries)	Unlock ₹8.5 L/yr - ₹10 L/yr
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2 years (8 salaries)	Unlock ₹8.1 L/yr - ₹11.5 L/yr
3 years (10 salaries)	Unlock ₹6.5 L/yr - ₹11.5 L/yr
4 years (8 salaries)	Unlock ₹7.2 L/yr - ₹12 L/yr
5 years (7 salaries)	Unlock ₹8.4 L/yr - ₹11.5 L/yr
6 years (7 salaries)	Unlock ₹7 L/yr - ₹10.5 L/yr
7 years (5 salaries)	Unlock ₹6.5 L/yr - ₹10.5 L/yr

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Similar Designation salaries in MGB

Team Lead Salary

(AmbitionBox Estimate)

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₹5.9 L/yr - ₹7.5 L/yr

Software Developer Salary

(AmbitionBox Estimate)

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₹7 L/yr - ₹9 L/yr

Associate Consultant Salary

(3 salaries)

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₹3.6 L/yr - ₹5.4 L/yr

Top skills at MGB for Senior Associate

Ca Auditing Assurance Revenue Generation Due Diligence Project Management Internal Audit P Profitability Financial Analysis Business Development Risk Management Compliance Market Entry Strategy Accounting

Salary related reviews for MGB

2.6

Rated by 12 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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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... read more

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MGB Senior Associate Salary FAQs

What is the salary of Senior Associate at MGB?

Senior Associate salary at MGB in India ranges between ₹6.5 Lakhs to ₹12.0 Lakhs for less than 1 year of experience to 7 years. According to our estimates it is 4% more than the average Senior Associate Salary in India. Salary estimates are based on 51 latest salaries received from various employees of MGB India.

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

The average salary of a Senior Associate at MGB is 4% more than the average salary of a Senior Associate in India. To know exact salary insights, login to view.

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

Ca, Auditing, Assurance, Revenue Generation and Due Diligence are some of the popular skills required to work as a Senior Associate at MGB India.

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

McKinsey & Company Senior Associate Salary - ₹22.0 Lakhs to ₹76.0 Lakhs per year
Korn Ferry Senior Associate Salary - ₹30.0 Lakhs to ₹40.0 Lakhs per year
Alvarez & Marsal Senior Associate Salary - ₹15.0 Lakhs to ₹36.0 Lakhs per year
ICF International Senior Associate Salary - ₹10.0 Lakhs to ₹24.5 Lakhs per year
Godrej Industries Group Senior Associate Salary - ₹9.0 Lakhs to ₹26.9 Lakhs per year

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

Huron Senior Associate Salary - ₹9.0 Lakhs to ₹29.0 Lakhs per year
Maruti Suzuki Senior Associate Salary - ₹10.3 Lakhs to ₹17.0 Lakhs per year
Hindustan Unilever Senior Associate Salary - ₹5.7 Lakhs to ₹19.0 Lakhs per year
The Smart Cube Senior Associate Salary - ₹6.0 Lakhs to ₹19.0 Lakhs per year
Egon Zehnder International Senior Associate Salary - ₹10.3 Lakhs to ₹14.6 Lakhs per year

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

The estimated take-home salary of a Senior Associate at MGB ranges between ₹71,094 per month to ₹72,925 per month in India. The take-home salary calculation is based on the average MGB Senior Associate salary in India which ranges between ₹6.5 Lakhs to ₹12.0 Lakhs per year for employees with less than 1 year of experience to 7 years. Check how did we calculate take home salary?

What is the notice period for Senior Associate at MGB?

According to AmbitionBox, 86% of the MGB Senior Associates reported a notice period of 2 Months, 11% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 29 responses on AmbitionBox in last 2 years.

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MGB Senior Associate Salaries

MGB Senior Associate salary in India ranges between ₹6.5 Lakhs to ₹12 Lakhs with an average annual salary of ₹. Salary estimates are based on 51 MGB latest salaries received from various employees of MGB.