Is McKinsey India entry-level salary really almost 1/3 of the US salary?

BCG McKinsey and Bain MBB
New answer on Feb 29, 2020
7 Answers
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Anonymous A asked on Feb 11, 2020

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Clara
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replied on Feb 12, 2020
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello! I would check Glassdoor for accuracy.

Cheers,

Clara

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Luca
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replied on Feb 29, 2020
BCG |NASA | SDA Bocconi & Cattolica partner | GMAT expert 780/800 score | 200+ students coached

Yes, it could be. You can have a look on glassdoor, where inforamtion are quite reliable

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Nathaniel
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replied on Feb 15, 2020
McKinsey | BCG | CERN| University of Cambridge

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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Antonello
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replied on Feb 11, 2020
McKinsey | MBA professor for consulting interviews

Yes, I can confirm it

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Vlad
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replied on Feb 11, 2020
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

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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Udayan
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updated an answer on Feb 11, 2020
Top rated McKinsey Case & PEI coach/Multiple real offers/McKinsey EM in New York /6 years McKinsey recruiting experience

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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Anonymous B updated the answer on Feb 11, 2020

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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Clara gave the best answer

Clara

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