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MGB Senior Associate salaries in Mumbai (Updated 2025)

Annual salary range
0 - 7 years exp.
₹7 Lakhs - ₹12 Lakhs
Avg. annual salary
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Monthly In-hand Salary

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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. (29 salaries)
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₹7 L/yr - ₹11.5 L/yr

BFSI, Investments & Trading
Senior Associate Salary
1 - 5 years exp. (AmbitionBox Estimate)
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₹10 L/yr - ₹11.5 L/yr

Last Updated: 22 Mar 2025

Companies similar to MGB for Senior Associate in Mumbai

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MGB Senior Associate Salary

0 - 7 years exp. (37 salaries)

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₹7 L/yr - ₹12 L/yr

vs
Company name Avg Annual Salary Open Jobs
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Alvarez & Marsal Senior Associate Salary

2 - 7 years exp. (59 salaries)

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₹14.5 L/yr - ₹35.6 L/yr

arrow icon 135% more
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Valueonshore Advisors Senior Associate Salary

3 - 12 years exp. (13 salaries)

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₹6.8 L/yr - ₹12 L/yr

arrow icon 9% less
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McKinsey & Company Senior Associate Salary

3 - 10 years exp. (12 salaries)

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₹24 L/yr - ₹72 L/yr

arrow icon 430% more
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SS&C TECHNOLOGIES Senior Associate Salary

0 - 8 years exp. (2.2k salaries)

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₹2.4 L/yr - ₹10 L/yr

arrow icon 36% less
16 job openings
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WNS Senior Associate Salary

0 - 9 years exp. (1.5k salaries)

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₹1.5 L/yr - ₹7.5 L/yr

arrow icon 58% less
9 job openings
Senior Associate salary at MGB ranges between ₹7 Lakhs to ₹12 Lakhs per year for employees with less than 1 year of experience to 7 years. Salary estimates are based on 37 latest salaries received from various employees of MGB.

Latest annual salaries shared by MGB Senior Associate in Mumbai

1w ago
₹12 Lakhs
5 years exp.
3w ago
₹12 Lakhs
4 years exp.
4mo ago
₹11.3 Lakhs
2 years exp.
7mo ago
₹10.3 Lakhs
3 years exp.
7mo ago
₹11 Lakhs
4 years exp.
8mo ago
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5 years exp.
9mo ago
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6 years exp.
9mo ago
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2 years exp.
10mo ago
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1 year exp.
10mo ago
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3 years exp.

Experience wise MGB Senior Associate salaries in Mumbai

Last Updated: 22 Mar 2025

Experience Avg Annual Salary
Fresher (AmbitionBox Estimate)

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₹9.4 L/yr - ₹12.1 L/yr
1 year  (4 salaries)

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₹8.5 L/yr - ₹18.8 L/yr
2 years  (5 salaries)

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₹8.1 L/yr - ₹11.5 L/yr
3 years  (7 salaries)

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₹7.3 L/yr - ₹11.5 L/yr
4 years  (5 salaries)

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₹7.5 L/yr - ₹12 L/yr
View all

Similar Designation salaries in MGB

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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 11 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 Senior Associate Salary FAQs

What is the salary of Senior Associate at MGB in Mumbai?
The average salary of a Senior Associate at MGB in Mumbai typically ranges from ₹7.0 Lakhs to ₹12.0 Lakhs per year, depending on experience (from Fresher to 7 years).

The top 10% of Senior Associate in Mumbai at MGB earn more than ₹11.5 Lakhs per year, and the top 1% earn over ₹12.0 Lakhs per year. Senior 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 30+ MGB employees in India.
What is the estimated take home salary of a Senior Associate at MGB in Mumbai?
The estimated take-home salary of a Senior Associate at MGB in Mumbai typically ranges from ₹74,367 to ₹76,290 per month. This is based on the average salary range of ₹7.0 Lakhs to ₹12.0 Lakhs per year for employees with experience ranging from Fresher 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 30+ 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 Senior Associate at MGB in Mumbai?
To be a Senior Associate at MGB in Mumbai, the key skills required include:

  • - Ca
  • - Auditing
  • - Assurance
  • - Revenue Generation
  • - Due Diligence

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 Senior Associate in India?
McKinsey & Company ₹24.0 Lakhs to ₹72.0 Lakhs per year
Alvarez & Marsal ₹14.5 Lakhs to ₹35.6 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 Senior Associate in companies similar to MGB in Mumbai?
The salary of a Senior Associate at companies similar to MGB in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Valueonshore Advisors ₹6.8 Lakhs to ₹12.0 Lakhs per year
SS&C TECHNOLOGIES ₹2.4 Lakhs to ₹10.0 Lakhs per year
WNS ₹1.5 Lakhs to ₹7.5 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 Senior Associate at MGB in Mumbai?
The salary growth for a Senior Associate at MGB in Mumbai depends on factors such as experience, performance, and promotions. On average, a Senior Associate in Mumbai can expect the following growth trajectory at MGB:

Experience Average Salary Range
Fresher ₹9.4 Lakhs to ₹12.1 Lakhs per year
1 year ₹8.5 Lakhs to ₹18.8 Lakhs per year
2 years ₹8.1 Lakhs to ₹11.5 Lakhs per year
3 years ₹7.3 Lakhs to ₹11.5 Lakhs per year
and so on.

Tell us how to improve this page.

MGB Senior Associate salary in Mumbai ranges between ₹7 Lakhs to ₹12 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 37 MGB latest salaries received from various employees of MGB.