Is McKinsey India entry-level salary really almost 1/3 of the US salary?
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Hello! I would check Glassdoor for accuracy.
Cheers,
Clara
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Yes, it could be. You can have a look on glassdoor, where inforamtion are quite reliable
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Hello there,
The salary level across South Asia and South East Asia is indeed much lower compared to the global rate (US counterpart), especially for entry-level coming from local graduates.
While purchasing power parity calculation is stated for these reasons, it is indeed still difficult to justify the stark difference given the increasing living cost.
Hope it helps.
Kind regards,
Nathan
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Yes, I can confirm it
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Hi,
Yes, that's true. India is one of the regions where the salary is tied to local currency / income levels.
Best
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Having worked in both india and the US for McKinsey I can say that the salary in india is significantly lower for BAs and Associates especially. India also has a 'Junior Associate' position usually for grads fresh from IIM and they make much less than associates in the US.
India is cheaper than the US but once you take out rental costs it really isn't that much cheaper. You get different comforts such as help at home but that's about it. The salary gaps is extremely large and in my opinion not justified
(edited)
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Yes, it is. But please keep in mind that living expenses in India are far lesser than in the US. So, if you are earning Rs.35L/year in India, that is equivalent to $80k-$90k in the US, if you take pay power parity into account.
(edited)
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