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Annual salary range
1 - 5 years exp.
₹29
Lakhs - ₹51
Lakhs
Salary of majority employees
Avg. annual salary
Fixed
₹
Lakhs
Variable
₹
Lakhs
Monthly In-hand Salary
Junior Associate Salary at McKinsey & Company ranges between ₹29 Lakhs to ₹51 Lakhs per year for employees with experience between 1 year to 5 years. Salary estimates are based on 37 latest salaries received...
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750% more than the average Junior Associate Salary in Management Consulting Companies for 1 - 5 years of experience
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Companies similar to McKinsey & Company for Junior Associate in Mumbai
McKinsey & Company
Junior Associate Salary
1 - 5 years exp. (37 salaries) |  ₹29 L/yr - ₹51 L/yr |
vs
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
 BCG Junior Associate Salary
1 - 2 years exp. (6 salaries) |  ₹30 L/yr - ₹40 L/yr 
6%
less | |
 VISTRA INTERNATIONAL EXPANSION Junior Associate Salary
1 - 6 years exp. (6 salaries) | ₹2 L/yr - ₹3.5 L/yr
91%
less | |
Login to view exact salary
| ||
 Kotak Mahindra Bank Junior Associate Salary
0 - 7 years exp. (127 salaries) | ₹1.5 L/yr - ₹4.5 L/yr
93%
less | |
 IKS Health Junior Associate Salary
0 - 2 years exp. (96 salaries) | ₹1.9 L/yr - ₹3 L/yr
94%
less | |
 Knowledgeworks Global Junior Associate Salary
0 - 4 years exp. (71 salaries) | ₹1.5 L/yr - ₹3.3 L/yr
93%
less | |
Latest annual salaries shared by McKinsey & Company Junior Associate in Mumbai
1w ago
₹48
Lakhs
3
years
exp.
2mo ago
₹35
Lakhs
1
year
exp.
3mo ago
₹42
Lakhs
1
year
exp.
4mo ago
₹47
Lakhs
2
years
exp.
5mo ago
₹40
Lakhs
4
years
exp.
6mo ago
3
years
exp.
9mo ago
1
year
exp.
10mo ago
5
years
exp.
McKinsey & Company Junior Associate salaries by
| Years of experience | Avg. annual salary |
|---|---|
| 1 year (14 salaries) |
₹30
L/yr
- ₹42
L/yr
|
| 2 years (8 salaries) |
₹29
L/yr
- ₹47
L/yr
|
Login to view exact salary
| |
| 3 years (10 salaries) |
₹29
L/yr
- ₹48
L/yr
|
| 4 years (3 salaries) |
₹29.2
L/yr
- ₹51
L/yr
|
| 5 years (AmbitionBox Estimate) |
₹37.2
L/yr
- ₹47.6
L/yr
|
Similar Designation Salaries at McKinsey & Company
| Similar Designation | Avg. annual salary |
|---|---|
Senior Associate Salary
(13 salaries)
| ₹24 L/yr - ₹72 L/yr |
Top trending discussions
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Salary Discussions
2w
a full stack developer
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 Junior Associate Salary FAQs
What is the salary of Junior Associate at McKinsey & Company in Mumbai?
The average salary of a Junior Associate at McKinsey & Company in Mumbai typically ranges from ₹29.0 Lakhs to ₹51.0 Lakhs per year, depending on experience (from 1 year to 5 years).
The top 10% of Junior Associate in Mumbai at McKinsey & Company earn more than ₹47.9 Lakhs per year, and the top 1% earn over ₹51.0 Lakhs per year. Junior 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 30+ McKinsey & Company employees in India.
The top 10% of Junior Associate in Mumbai at McKinsey & Company earn more than ₹47.9 Lakhs per year, and the top 1% earn over ₹51.0 Lakhs per year. Junior 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 30+ McKinsey & Company employees in India.
What is the estimated take home salary of a Junior Associate at McKinsey & Company in Mumbai?
The estimated take-home salary of a Junior Associate at McKinsey & Company in Mumbai typically ranges from ₹2,22,039 to ₹2,30,942 per month. This is based on the average salary range of
₹29.0 Lakhs to ₹51.0 Lakhs
per year for employees with experience ranging from 1 year to 5 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 McKinsey & Company. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Junior Associate at McKinsey & Company in Mumbai?
To be a Junior Associate at McKinsey & Company in Mumbai, the key skills required include:
These skills are highly valued at McKinsey & Company and are crucial for successful performance in a Software Engineering role.
- - Client Engagement
- - Analytical Chemistry
- - Training
- - Digital Marketing
- - Computer Networking
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 Junior Associate in companies similar to McKinsey & Company in Mumbai?
The salary of a Junior Associate at companies similar to McKinsey & Company in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:
These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
| BCG | ₹30.0 Lakhs to ₹40.0 Lakhs per year |
| VISTRA INTERNATIONAL EXPANSION | ₹2.0 Lakhs to ₹3.5 Lakhs per year |
| Knowledgeworks Global | ₹1.5 Lakhs to ₹3.3 Lakhs per year |
| Kotak Mahindra Bank | ₹1.5 Lakhs to ₹4.5 Lakhs per year |
| IKS Health | ₹1.9 Lakhs to ₹3.0 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 Junior Associate at McKinsey & Company in Mumbai?
The salary growth for a Junior Associate at McKinsey & Company in Mumbai depends on factors such as experience, performance, and promotions. On average, a Junior Associate in Mumbai can expect the following growth trajectory at McKinsey & Company:
and so on.
| Experience | Average Salary Range |
|---|---|
| 1 year | ₹30.0 Lakhs to ₹42.0 Lakhs per year |
| 2 years | ₹29.0 Lakhs to ₹47.0 Lakhs per year |
| 3 years | ₹29.0 Lakhs to ₹48.0 Lakhs per year |
| 4 years | ₹29.2 Lakhs to ₹51.0 Lakhs per year |
Top skills at McKinsey & Company for Junior Associate
Problem Solving
Leadership
Analytical
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McKinsey & Company Junior Associate salary
in
Mumbai
ranges between ₹29
Lakhs to ₹51
Lakhs with an average annual salary of
₹. Salary estimates are based on
37
McKinsey & Company latest salaries received from various employees of
McKinsey & Company.