McKinsey & Company Associate Consultant Salaries by 70+ Employees (Updated 2025)

1 - 7 years exp.

₹30.1 Lakhs - ₹56 Lakhs

Avg. annual salary

Monthly In-hand Salary

Associate Consultant Salary at McKinsey & Company ranges between ₹30.1 Lakhs to ₹56 Lakhs per year for employees with experience between 1 year to 7 years. Salary estimates are based on 78 latest salaries received... Read more

261% more than the average Associate Consultant Salary in Management Consulting Companies for 1 - 7 years of experience

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Last Updated: 13 Jul 2025

Companies similar to McKinsey & Company for Associate Consultant

Company name	Avg Annual Salary	Open Jobs
Ernst & Young Associate Consultant Salary 0 - 6 years exp. (4.3k salaries)	₹5.1 L/yr - ₹12 L/yr 79% less	5 job openings
PwC Associate Consultant Salary 0 - 6 years exp. (2k salaries)	₹8.7 L/yr - ₹16 L/yr 71% less
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Deloitte Associate Consultant Salary 1 - 7 years exp. (376 salaries)	₹9.2 L/yr - ₹17.1 L/yr 69% less

Bain & Company Associate Consultant Salary 0 - 3 years exp. (177 salaries)	₹20.6 L/yr - ₹37.9 L/yr 32% less	1 job opening
Huron Associate Consultant Salary 0 - 5 years exp. (108 salaries)	₹5.6 L/yr - ₹21.5 L/yr 70% less	3 job openings
BCG Associate Consultant Salary 1 - 2 years exp. (51 salaries)	₹19.4 L/yr - ₹35 L/yr 35% less
Frost & Sullivan Associate Consultant Salary 0 - 3 years exp. (27 salaries)	₹4.2 L/yr - ₹7.5 L/yr 85% less
Zinnov Management Consulting Associate Consultant Salary 0 - 4 years exp. (26 salaries)	₹6.5 L/yr - ₹9.2 L/yr 81% less

Krysalis Consultancy Services Associate Consultant Salary 0 - 4 years exp. (15 salaries)	₹3 L/yr - ₹5 L/yr 90% less
Protiviti Associate Consultant Salary 0 - 4 years exp. (13 salaries)	₹5.4 L/yr - ₹13.6 L/yr 77% less
Mercer Associate Consultant Salary 4 - 13 years exp. (10 salaries)	₹13.5 L/yr - ₹29.9 L/yr 47% less
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WSP Associate Consultant Salary 4 years exp. (6 salaries)	₹10.9 L/yr - ₹12.5 L/yr 70% less
Protiviti India Member Associate Consultant Salary 0 - 4 years exp. (6 salaries)	₹6.5 L/yr - ₹21.1 L/yr 70% less
ICF International Associate Consultant Salary 3 - 4 years exp. (4 salaries)	₹9 L/yr - ₹15 L/yr 70% less
National Institute for Smart Government Associate Consultant Salary 6 - 14 years exp. (4 salaries)	₹5.2 L/yr - ₹13 L/yr 78% less
Gerson Lehrman Group Associate Consultant Salary 1 - 4 years exp. (4 salaries)	₹9 L/yr - ₹10.5 L/yr 76% less
Willis Towers Watson Associate Consultant Salary 5 - 6 years exp. (3 salaries)	₹11.9 L/yr - ₹17 L/yr 64% less
The Smart Cube Associate Consultant Salary 5 years exp. (3 salaries)	₹10 L/yr - ₹20 L/yr 58% less

Latest annual salaries shared by McKinsey & Company Associate Consultant

3d ago

₹56 Lakhs

3 years exp.

2w ago

₹30 Lakhs

3 years exp.

2w ago

₹40 Lakhs

3 years exp.

2w ago

₹43 Lakhs

7 years exp.

1mo ago

₹56 Lakhs

5 years exp.

2mo ago

3 years exp.

2mo ago

7 years exp.

4mo ago

2 years exp.

5mo ago

4 years exp.

5mo ago

5 years exp.

McKinsey & Company Associate Consultant salaries by

Years of experience	Avg. annual salary
1 year (20 salaries)	₹30.1 L/yr - ₹51.4 L/yr
2 years (16 salaries)	₹30.1 L/yr - ₹45.2 L/yr
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3 years (8 salaries)	₹30.1 L/yr - ₹53.3 L/yr
4 years (16 salaries)	₹30.1 L/yr - ₹56 L/yr
5 years (9 salaries)	₹30.9 L/yr - ₹56 L/yr
6 years (AmbitionBox Estimate)	₹38.1 L/yr - ₹48.7 L/yr
7 years (8 salaries)	₹33 L/yr - ₹56 L/yr

View all salaries by experience

Similar Designation Salaries at McKinsey & Company

Similar Designation	Avg. annual salary
Senior Consultant Salary (91 salaries)	₹15 L/yr - ₹54.9 L/yr
Senior Associate Salary (59 salaries)	₹22.5 L/yr - ₹80 L/yr
Login to view exact salary
Software Developer Salary (14 salaries)	₹11 L/yr - ₹32 L/yr
Software Engineer Salary (50 salaries)	₹9 L/yr - ₹29 L/yr
System Engineer Salary (4 salaries)	₹2.6 L/yr - ₹3 L/yr
Technical Lead Salary (8 salaries)	₹25 L/yr - ₹40 L/yr
Senior Engineer Salary (20 salaries)	₹18 L/yr - ₹55 L/yr
Lead Engineer Salary (3 salaries)	₹23.2 L/yr - ₹36.2 L/yr
Senior Developer Salary (4 salaries)	₹22 L/yr - ₹28 L/yr
Java Developer Salary (AmbitionBox Estimate)	₹32.4 L/yr - ₹41.4 L/yr

View more similar designations

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Salary Discussions, Hike & Promotions

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No Salary Discussion in My Appraisal — What’s Your Experience?

In my appraisal meeting, they didn’t ask or discuss my expectations about my salary or hike percentage. The entire discussion was only about feedback and performance review. After the meeting, I asked why they didn’t allow me to share my expectations or reveal my hike numbers. They told me that the hike numbers would be decided only by the owner and then they would inform me. I feel an appraisal meeting should include open discussion about both performance and future expectations. What are your thoughts? Does this happen in your company too?

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McKinsey & Company Associate Consultant Salary FAQs

What is the salary of Associate Consultant at McKinsey & Company ?

The average salary of a Associate Consultant at McKinsey & Company in India typically ranges from ₹30.1 Lakhs to ₹56.0 Lakhs per year, depending on experience (from 1 year to 7 years).

The top 10% of Associate Consultant at McKinsey & Company earn more than ₹58.8 Lakhs per year, and the top 1% earn over ₹101.0 Lakhs per year. Associate Consultant 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 70+ McKinsey & Company employees in India.

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

The estimated take-home salary of a Associate Consultant at McKinsey & Company in India typically ranges from ₹2,38,741 to ₹2,48,399 per month. This is based on the average salary range of ₹30.1 Lakhs to ₹56.0 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 70+ salaries received from various employees of McKinsey & Company. Check how we calculate in-hand salary with our in-hand salary calculator.

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

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

Bain & Company	₹20.6 Lakhs to ₹37.9 Lakhs per year
BCG	₹19.4 Lakhs to ₹35.0 Lakhs per year
Mercer	₹13.5 Lakhs to ₹29.9 Lakhs per year
The Smart Cube	₹10.0 Lakhs to ₹20.0 Lakhs per year
Willis Towers Watson	₹11.9 Lakhs to ₹17.0 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 Consultant at McKinsey & Company in India?

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

Experience	Average Salary Range
1 year	₹30.1 Lakhs to ₹51.4 Lakhs per year
2 years	₹30.1 Lakhs to ₹45.2 Lakhs per year
3 years	₹30.1 Lakhs to ₹53.3 Lakhs per year
4 years	₹30.1 Lakhs to ₹56.0 Lakhs per year

and so on.

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McKinsey & Company Associate Consultant Salaries

McKinsey & Company Associate Consultant salary in India ranges between ₹30.1 Lakhs to ₹56 Lakhs with an average annual salary of ₹. Salary estimates are based on 78 McKinsey & Company latest salaries received from various employees of McKinsey & Company.

McKinsey & Company Associate Consultant salaries in India (Updated 2025)

Companies similar to McKinsey & Company for Associate Consultant

Latest annual salaries shared by McKinsey & Company Associate Consultant

McKinsey & Company Associate Consultant salaries by

Similar Designation Salaries at McKinsey & Company

Salary related reviews for McKinsey & Company

Junior Associate in Mumbai

Manager in New Delhi

Financial Associate in Chennai

Business Presentation Specialist in Bangalore / Bengaluru

Senior Process Associate in Bangalore / Bengaluru

McKinsey & Company Associate Consultant Salary FAQs

Tell us how to improve this page.

McKinsey & Company Associate Consultant Salaries by Location