McKinsey & Company Associate Salaries by 200+ Employees (Updated 2025)

1 - 8 years exp.

₹23.5 Lakhs - ₹65 Lakhs

Avg. annual salary

Monthly In-hand Salary

Associate Salary at McKinsey & Company ranges between ₹23.5 Lakhs to ₹65 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 249 latest salaries received from... Read more

551% more than the average Associate Salary in Management Consulting Companies for 1 - 8 years of experience

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Last Updated: 19 Apr 2025

Companies similar to McKinsey & Company for Associate

Company name	Avg Annual Salary	Open Jobs
PwC Associate Salary 0 - 8 years exp. (13.8k salaries)	₹4.7 L/yr - ₹17 L/yr 79% less	215 job openings
Ernst & Young Associate Salary 0 - 10 years exp. (1.9k salaries)	₹3.8 L/yr - ₹15.8 L/yr 81% less	35 job openings
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Bain & Company Associate Salary 0 - 5 years exp. (696 salaries)	₹7.2 L/yr - ₹25 L/yr 65% less	6 job openings
KPMG India Associate Salary 0 - 7 years exp. (676 salaries)	₹9.4 L/yr - ₹21 L/yr 74% less	1 job opening
Deloitte Associate Salary 0 - 5 years exp. (503 salaries)	₹3.6 L/yr - ₹12.6 L/yr 82% less
ZS Associate Salary 0 - 4 years exp. (409 salaries)	₹6.8 L/yr - ₹17 L/yr 73% less	1 job opening
RSM US in India Associate Salary 0 - 4 years exp. (182 salaries)	₹5.1 L/yr - ₹17.5 L/yr 78% less	5 job openings
BCG Associate Salary 1 - 7 years exp. (112 salaries)	₹6.5 L/yr - ₹25.9 L/yr 69% less
Willis Towers Watson Associate Salary 0 - 6 years exp. (88 salaries)	₹2 L/yr - ₹6 L/yr 93% less
VISTRA INTERNATIONAL EXPANSION Associate Salary 1 - 9 years exp. (87 salaries)	₹2.1 L/yr - ₹5 L/yr 92% less
Kearney Associate Salary 2 - 8 years exp. (83 salaries)	₹21 L/yr - ₹70 L/yr 9% less
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Alvarez & Marsal Associate Salary 0 - 4 years exp. (62 salaries)	₹8 L/yr - ₹20 L/yr 74% less	1 job opening
Gerson Lehrman Group Associate Salary 0 - 5 years exp. (62 salaries)	₹5.2 L/yr - ₹11.8 L/yr 84% less	5 job openings
Huron Associate Salary 4 - 7 years exp. (48 salaries)	₹6.9 L/yr - ₹25 L/yr 70% less
Mercer Associate Salary 5 - 15 years exp. (38 salaries)	₹13.5 L/yr - ₹48 L/yr 35% less
Gartner Associate Salary 0 - 2 years exp. (36 salaries)	₹4.8 L/yr - ₹10 L/yr 87% less
Protiviti Associate Salary 2 - 4 years exp. (17 salaries)	₹4 L/yr - ₹7.4 L/yr 87% less
WSP Associate Salary 14 - 21 years exp. (19 salaries)	₹25 L/yr - ₹46 L/yr 26% less	7 job openings
Frost & Sullivan Associate Salary 0 - 2 years exp. (14 salaries)	₹4.2 L/yr - ₹7 L/yr 89% less
The Hackett Group Associate Salary 3 - 7 years exp. (9 salaries)	₹5.5 L/yr - ₹6.9 L/yr 86% less

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Latest annual salaries shared by McKinsey & Company Associate

2d ago

₹47 Lakhs

2 years exp.

2d ago

₹59 Lakhs

6 years exp.

2d ago

₹56 Lakhs

6 years exp.

2d ago

₹56 Lakhs

4 years exp.

2d ago

₹55 Lakhs

6 years exp.

2d ago

4 years exp.

4d ago

2 years exp.

4d ago

6 years exp.

4d ago

5 years exp.

1w ago

7 years exp.

McKinsey & Company Associate salaries by

Years of experience	Avg. annual salary
1 year (15 salaries)	₹25 L/yr - ₹65 L/yr
2 years (42 salaries)	₹27 L/yr - ₹85.8 L/yr
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3 years (34 salaries)	₹20.5 L/yr - ₹66 L/yr
4 years (58 salaries)	₹24 L/yr - ₹70.2 L/yr
5 years (43 salaries)	₹24 L/yr - ₹65 L/yr
6 years (31 salaries)	₹26 L/yr - ₹65 L/yr
7 years (15 salaries)	₹32 L/yr - ₹60 L/yr
8 years (11 salaries)	₹35 L/yr - ₹65 L/yr

View all salaries by experience

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What people are saying about McKinsey & Company

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a deputy manager

Are McKinsey, EY & Other Big 4 really worth it?

We all know the hype around working in BIG 4 and other big MnCs. It is considered as a huge achievement in our Indian Society. But I have also heard that the work culture in these companies is really toxic. Especially after recent suicide cases of employees in McKinsey and EY. I strongly doubt if one should really aspire to work in these companies. Anyone here working in these firms who can confirm about the work culture there?

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Salary related reviews for McKinsey & Company

4.4

Rated by 10 employees for salary & benefits

Associate (working remotely)

Full Time

Project & Program Management Department

2.0

• posted on 28 Jul 2023

5.0

for Salary and Benefits

Likes

Great benefits and salary. Smart people

Salary - Excellent

+1 more

Dislikes

Shoving people under the bus is something that happens recurrently, there is no coaching, people will change huge demands just because they want to and you have to be able to deliver. WLB is non existing. People are always sick or burnout

Company culture - Poor

+1 more

Junior Associate in Mumbai

Full Time

Consulting Department

1.0

• posted on 09 Jun 2024

5.0

for Salary and Benefits

Likes

Good salary and benefits, specifically for the consulting path

Salary - Excellent

Dislikes

Up or out culture where progression depends on having “sponsors” within the Firm who are willing to staff you; in fact, there is no other way to get staffed on projects except finding these sponsors since there are so few projects (most are lost to BCG, some never come due to deteriorating quality)

Job security - Bad

+4 more

Manager in New Delhi

Full Time

Finance & Accounting Department

2.0

• posted on 26 Mar 2024

5.0

for Salary and Benefits

Likes

Pay and benefits

Salary - Excellent

Dislikes

Disgusting work culture. Too much politics at mid to senior level. You need to gang up to survive in this company. There is a condescending attitude towards new hires. They firmly believe that they are doing a favour to you by hiring you. They even cut your designation when hiring to prove as if they are some sort of God. The environment is like the movie Hunger games. If you don’t have support of the big group or some senior partner, even the smallest mistake will be viewed very harshly and rudely. They will create a situation where you will be compelled to resign. Everyone is in survival mode to protect the “partner compensation” during this current global economic situation. They will not bat an eye to give a poor rating to highly capable and highly experienced people on some silly excuse. Then they will claim that the person didn’t meet the performance standards. The entire 360 degree review system here is a facade. It can be manipulated to save you hide or send you to the gallows.

Skill development - Bad

+5 more

Financial Associate in Chennai

Full Time

Finance & Accounting Department

5.0

• posted on 24 Aug 2023

4.0

for Salary and Benefits

Likes

...re is impressive. And you can work in a very flexible setup. It is hybrid model. Free meal pass is provided every month apart from salary.cab pick up and drop available. Colleagues are fun and supportive.

Salary - Good

+6 more

Dislikes

Very competitive environment. Need to upgrade your skills to survive. Hike percentage is low on yearly basis.

Business Presentation Specialist in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 07 Jan 2023

2.0

for Salary and Benefits

Likes

desk job. good start for a fresher

Job security - Good

Dislikes

...ality its a biased place. those who the manager likes will move to better roles. salary and Hike is less when compared to same profiles on other companies

Salary - Poor

+4 more

see more salary related reviews

McKinsey & Company Associate Salary FAQs

What is the salary of Associate at McKinsey & Company ?

The average salary of a Associate at McKinsey & Company in India typically ranges from ₹23.5 Lakhs to ₹65.0 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Associate at McKinsey & Company earn more than ₹60.0 Lakhs per year, and the top 1% earn over ₹70.0 Lakhs per year. Associate Salaries at McKinsey & Company 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 200+ McKinsey & Company employees in India.

What is the estimated take home salary of a Associate at McKinsey & Company in India?

The estimated take-home salary of a Associate at McKinsey & Company in India typically ranges from ₹2,92,947 to ₹3,04,616 per month. This is based on the average salary range of ₹23.5 Lakhs to ₹65.0 Lakhs per year for employees with experience ranging from 1 year to 8 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 200+ salaries received from various employees of McKinsey & Company. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Associate at McKinsey & Company ?

To be a Associate at McKinsey & Company in india, the key skills required include:

- Bank Reconciliation
- General Accounting
- Finance
- P2P
- Invoice Processing

These skills are highly valued at McKinsey & Company and are crucial for successful performance in a Software Engineering role.

What is the salary of a Associate in companies similar to McKinsey & Company in India?

The salary of a Associate at companies similar to McKinsey & Company in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Kearney	₹21.0 Lakhs to ₹70.0 Lakhs per year
WSP	₹25.0 Lakhs to ₹46.0 Lakhs per year
Mercer	₹13.5 Lakhs to ₹48.0 Lakhs per year
Bain & Company	₹7.2 Lakhs to ₹25.0 Lakhs per year
BCG	₹6.5 Lakhs to ₹25.9 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 McKinsey & Company in India?

The salary growth for a Associate at McKinsey & Company depends on factors such as experience, performance, and promotions. On average, a Associate can expect the following growth trajectory at McKinsey & Company:

Experience	Average Salary Range
1 year	₹25.0 Lakhs to ₹65.0 Lakhs per year
2 years	₹27.0 Lakhs to ₹85.8 Lakhs per year
3 years	₹20.5 Lakhs to ₹66.0 Lakhs per year
4 years	₹24.0 Lakhs to ₹70.2 Lakhs per year

and so on.

Top skills at McKinsey & Company for Associate

Bank Reconciliation General Accounting Finance P2P Invoice Processing

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McKinsey & Company Associate Salaries

McKinsey & Company Associate salary in India ranges between ₹23.5 Lakhs to ₹65 Lakhs with an average annual salary of ₹. Salary estimates are based on 249 McKinsey & Company latest salaries received from various employees of McKinsey & Company.