Management Consultant Salary in India Per Month 2025: Entry-level to Senior Level Salary

Management Consultant packages can be dependent on multiple factors: educational background, firm reputation, project type, and city. Metropolitan cities like Bengaluru, Pune, and Mumbai emerge as the top locations for salaries, paying higher monthly management consultant salaries due to the abundance of premium consultants in firms and demand in the market. The Big 4 firms Deloitte, PwC, EY, and KPMG, and boutique firms also pay competitive packages, just slightly lower than MBB, exposing consultants to a variety of career opportunities.

For individuals pursuing a career in management consulting, remuneration benchmarks are a useful tool. Understanding how management consulting starting salary calibrates by city and by firm helps you steer your career path. Aspiring consultants can optimize their salaries while laying the groundwork for a fruitful career by wisely selecting higher education, developing in-demand skills such as digital consulting and AI, and targeting top-tier firms.

Management Consulting Roles and Responsibilities

Snippet:Consultants analyze business problems, recommend solutions, and guide implementation. Roles range from Business Analyst to Partner.

Consultants evaluate business challenges, provide recommendations, and oversee implementation. Positions can range from a Business Analyst to a Partner. Management consulting offers a varied set of responsibilities that encompass analytical and critical thinking, effective problem-solving, and excellent communication skills. Practitioners of management consulting will advise organizations on strategy, operations, and financial management towards measuring improved performance.

• Junior-Level Consultants / Analysts: They are responsible for the collection, analysis, and research of data and analysis with clients. This stage builds basic consulting skills, and the compensation is usually comparable to aFinancial Analyst's Salary.
• Mid-Level Consultants: Mid-level consultants are the point of contact with clients, and their responsibilities include assuring that the workstreams and deliverables are coherent and actionable. The mid-level role can give a glimpse into development into management, comparable to an Operations Manager's Salary.
• Senior-Level Consultants / Partners: Senior consultants are responsible for managing the engagement, creating the work, developing/assisting with business development in growth for the firm, and responsible for devising / developing the strategy for the firm. This level often aligns with leadership career paths, linking to roles like CEO Salary in India per month and CFO Salary in India per month.

Essential Skills for a Management Consultant

• Analytical Skills: The ability to assess data, recognize trends, and provide actionable recommendations.
• Communication Skills: The ability to communicate complex strategies in ways that are easily understood by clients or stakeholders.
• Project Management: The ability to plan, manage, and assess consulting engagements effectively.
• Stakeholder Management: The ability to develop relationships with client stakeholders and internally within the consulting firm.

Management consulting is also a fulfilling career route for those looking to pursue anMBA in Finance or to identify the highest-paying career paths throughWhich MBA Specialization is the Highest Paid. Understanding these roles and associated responsibilities is the important first step before beginning to analyze the Management Consultant Salary in India or thinking about a career track toward a more senior role, such as a Partner or Director.

Management Consultant Salary in India

The median salary for management consultants in India is estimated to be ₹20,41,367 annually in 2025. There is considerable variation in salaries based on the type of firm, location, and academic background.

Professionals coming from Tier-1 MBA colleges who work for top-tier consulting companies such as MBB, McKinsey, BCG, Bain Company, and get close to, if not the highest, packages. Boutique and mid-tier firms, while lower, still pay competitively in the Indian industry.

• Tier-1 MBA Advantage: Graduates from top institutions often secure premium salaries in MBB or top Big 4 consulting firms.
• Tier/Cost Structure: The MBB firms usually pay more than anyone else, followed by Big 4 firms (Deloitte, PwC, EY, KPMG) and then boutique consulting firms.
• Cost of Living: Certain metro cities, for example, those in Kolkata, such as Bengaluru, Mumbai, or Gurgaon, tend to pay more due to the high demand and cost of living.
• Career advancement: Salaries for consultants grow steeply with career advancement, or if you reach Partner level, you could earn millions.

If you are a professional thinking about career moves and evaluating these benchmarks, it will improve your understanding of potential employer offers and career growth, and compare the Management Consultant Salary in India per month to the General Manager Salary in India per month or the MBA Salary in India per month.

Management Consulting Starting Salary in India

Snippet:The management consultant's salary for freshers is between ₹8.9 and 14 LPA, which amounts to a monthly salary of ₹74,000 to ₹1,17,000.

In 2025, the starting salary for a management consultant in India is in the range of ₹8.9–14 LPA or ₹74,000–1,17,000 per month. Entry-level salaries vary by education level, graduate school, and tier of consulting company. New graduates from top-10 MBA programs, or IIMs/ ISB, tend to get higher offers from firms like McKinsey, BCG, Bain, while these can dip slightly for more boutique or mid-sized firms.

Starting salaries are also a useful frame of reference for any professionals entering the management consulting industry, as they often surround short-term entry-level salaries in finance, which are similar to Financial Analyst Salary entry-level positions for new graduates.

Management Consultant Salary Per Month in India

As of September 2025, a management consultant in India earns on average ₹20,41,367. Salary varies based on experience, education, and the firm, among others. Freshers will earn ₹8.9 - 14 LPA, whereas senior consultants and partners can start at over ₹50 LPA. As one can see, the salary for consultants is higher than the Financial Analyst Salary, among many others, while being among the most lucrative career options long-term.

Entry-Level Management Consultant Monthly Salaries

Management consultants in India earn ₹74,000–1,17,000 a month while starting, depending on their MBA institute, tier of the firm, as well as region. Entry-level consultants mainly carry out data analysis, market research and assist senior consultants in completing engagements. Entry-level positions serve as an important first step in career growth and developing exposure to clients.

Mid-level Management Consultant Monthly Salaries

Mid-level consultants will earn on average ₹1,25,000–2,33,000 a month with 3–7 years' experience as a professional. At the mid-level, consultants will be responsible for clients' deliverables, leading other consultants on the team, as well as developing and recommending actionable strategies. Overall, mid-level salaries reflect greater responsibility, yet also give a sense of direction for where to go in a management career, similar to the Operations Manager Salary in India.

Senior-level Management Consultant Monthly Salaries

Senior Management consultants earn₹2,66,000–3,67,000 per month, along with performance bonuses at the senior-level to their baseline salary. At this level of consulting, senior consultants are responsible for leading the engagement, mentoring junior consultants, and being involved with business development initiatives. Salary levels in this range likely correlate with executive-level salaries as compared to what a CEO's Salary in India is per month.

Management Consultant Salary by Experience

In India, management consultants' salaries generally increase with experience, scope of responsibility, and organization brand. While entry-level consultants earn an attractive management consulting base salary, they can expect salaries to increase rapidly with years of experience.

Pay can also vary based on the firm and location, as management consulting firms offer their consultants and management their own unique compensation packages, and MBB and the Big 4 generally offer higher salary packages to Management consultants in the large metro cities.

Management Consultant Salary Across Indian Cities

Snippet: Management consultants in Pune earn the highest average yearly salary, at ₹22.6 LPA.

Salaries for management consultants in India vary by city; generally, this is due to living costs, demand for consulting in respective cities, and the number of managerial consulting firms located in each. Pune, as evidenced by the above-average annual salary, ranks highest among the city-specific average annual salaries, followed closely by Bengaluru and Hyderabad. Salary also tends to be more favourable in major metro cities, due, in particular, to the concentration of multinational firms.

Source: Indeed

Management Consultant Salaries by Top Firms

Snippet: Leading consulting firms offer the highest compensation packages, starting with MBB firms, followed by the Big 4, and boutique consulting firms.

In India, management consultant salaries differ greatly based on a firm's brand, portfolio of clients, and projects that they work on. Premium salaries are often reflective of the value of the brand consulting firm and the type of work that its consultants are engaged in.

MBB Firms (McKinsey, BCG, Bain)

The MBB firms offer the highest salaries in India.

• Entry-level roles: 25-35 LPA
• Mid-level/engagement managers: 40-60 LPA
• Partner level: 90+ LPA (plus performance and profit sharing bonuses)

The MBB firms have a steep curve in salary, high visibility in the industry, and are prestigious, making them the first choice for ambitious management consultants.

Big 4 Firms (Deloitte, PwC, EY, KPMG)

Together, the Big 4 consulting firms offer a competitive salary that is slightly lower than MBB but offers a broader range of exposure and opportunities.

• Entry-level roles 12-20 LPA
• Mid-level roles/senior managers 25-35 LPA
• Senior partners 40-50 LPA

Big 4 firms are great choices for management consultants who would like to progress their careers in management consulting with a much broader range of clients and exposure.

Boutique & Mid-Size Firms

The boutique/mid-size consulting firms generally offer lower pay, but if you are just starting, they are worth exploring.

• Entry-level consultant: 8-12 LPA
• Mid-level consultant/senior consultant: 15-25 LPA
• Manager/ senior consultant: 30-40 LPA

The type of consulting firm has a substantial impact on the management consultant's salary in India per month and the overall career progression. MBB firms provide the highest salaries and prestige, Big 4 firms offer various career opportunities with valuable salaries, and boutique firms may start lower and deliver quick exposure and development of skills.

Strategies to Maximize Management Consultant Salary

To increase your management consultant salary in India, you need to consider a mix of education, skill building, firm selection, and overall performance. Here are some important strategies:

• Advanced Degrees: If you have time, earning an MBA specific to Finance or another high-value MBA specialty can increase your starting salary and career path significantly. Consider reading Which MBA Specializations are Best Paid to properly position yourself for a high-earning career.
• Skill building: Build in-demand skills in digital consulting, AI, data analytics, and strategic problem solving at work. This will add to your overall value in the position and give you an opportunity to advance to higher-paying roles.
• Firm Selection: Consider always targeting the top firms, including MBB (McKinsey, BCG, Bain) and the Big 4 (Deloitte, PwC, EY, KPMG). These firms will pay you the highest salary per month as management consultants and will quickly advance your career.
• Location Decision: The Metro cities in India typically have a higher salary because of the density of firms, cost of living, and demand for consulting services (working in Bengaluru, Mumbai, or Pune will yield the highest salary).
• Managing Performance: If you consistently get above target performance and create client value, you will have the ability to earn performance bonuses, promotions, and long-term incentives.
• Networking and Mentorship: Be active with your network of professional contacts in addition to professional "senior" mentoring from consultants. Getting involved in high-profile and visibility work will help accelerate your promotability to high-pay roles.

Conclusion

Salaries for management consultants in India are competitive and vary widely across several functions, including level of experience, firm, location, and role. Entry-level consultants can expect a starting salary of ₹8.9–14 LPA, with senior consultants and partners making more than ₹90 LPA/director annually, especially with MBB firms, which include McKinsey, Bain, and Boston Consulting Group. Salaries also vary by city, with cities such as Bengaluru, Pune, and Mumbai offering the highest salary per month.

To maximize a Management Consultant's salary, candidates should consider having advanced education, such as an MBA in Finance, develop in-demand skills like digital consulting, and target the highest paying firms, i.e., MBB firms or Big 4 firms. Additionally, strategic career decisions, such as which firm to work at and the location, can be important factors that influence long-term salaries.

For career planning, aspiring consultants should also compare other roles that are projected to perform well with respect to growth in salary, such as Operations Manager Salary and CFO Salary in India per month. Similarly, other insights into salary will help consultants reasonably formulate career decisions regarding salary.