Hiring the right talent is one of the most important tasks for all organizations. In a competitive job market like Mumbai, thousands of companies are trying to hire the best candidate; make a partnership with a placement consultant to save you both time and money. But one of the biggest questions is for the employer or HR manager: “What is the cost of hiring through a placement consultant in Mumbai?”
What Do Placement Consultants Do?
Placement consultants actually perform a bridge role between job seekers and employers. These agencies help companies source, screen, and shortlist the perfect candidates for a particular role. And all consultants have industry-specific job seeker databases and recruitment teams that understand the requirements of various job roles and skills and help you close positions faster city-wise.
How Much Does a Placement Consultant Charge in Mumbai?
The cost depends on factors like job level, company size, hiring urgency, industry niche, and experience of the consultant. Generally, placement agencies in Mumbai charge a percentage-based fee on the annual CTC (Cost to Company) of the candidate.
Here is a typical pricing model used by consultants in Mumbai:
| Job Level | CTC Range | Consultant Fee (%) | Estimated Fee in INR |
|---|---|---|---|
| Entry-Level (Fresher to 2 Yrs Exp.) | ₹2L – ₹4L | 6% – 8% | ₹12,000 – ₹32,000 |
| Mid-Level (3–7 Yrs Exp.) | ₹5L – ₹12L | 7% – 10% | ₹35,000 – ₹1,20,000 |
| Senior-Level (8+ Yrs Exp.) | ₹13L – ₹25L+ | 10% – 12% | ₹1,30,000 – ₹3,00,000+ |
| Executive/CXO Roles | ₹30L+ | 15% – 25% | ₹4,50,000 – ₹10,00,000+ |
Key Factors That Influence Consultant Charges
- Industry Type: IT, healthcare, BFSI, and niche roles attract higher fees due to demand-supply gaps.
- Job Urgency: Faster closures may come with a premium service cost.
- Position Complexity: Specialized or rare skill roles take longer to fill, increasing consultant fees.
- Volume Hiring: Discounts may apply if hiring in bulk or on a retainer basis.
Benefits of Hiring Through a Placement Consultant
Even though there’s a cost involved, working with a consultant ensures:
- Faster hiring cycle
- Access to pre-screened, qualified candidates
- Reduced HR workload
- Lower risk of hiring the wrong candidate
- Industry-specific expertise
Placement Consultant Models You Should Know
- Contingency Model: Pay only if a candidate is hired.
- Retained Model: Advance payment for executive or leadership search.
- Contract Staffing: Temporary or project-based hiring with monthly billing.
Pan-India Trends in Placement Consultancy Fees
Across India, most consultants follow similar pricing patterns with slight variations based on city-specific hiring trends. For example:
- Tier 1 cities (Mumbai, Mumbai, Bengaluru, Kolkata): Higher consultant fees due to demand and industry concentration.
- Tier 2 & 3 cities (Jaipur, Lucknow, Pune): Slightly lower fees but longer turnaround time for niche roles.
The right placement consultant in Mumbai can save you the internal strain caused by the need to create a strong workforce made up of skilled personnel. Select consultants who have satisfied clients, are knowledgeable in the industry, and have open terms. Do not forget to negotiate on one volume and frequency too. The amount of value that you will get in the long term with hiring the right person whose cost will exceed the cost.
Note for Recruiters & HRs:
The above data is indicative and subject to change based on market trends, job role, and candidate availability. Always confirm the pricing with individual agencies before finalizing.
Coming Next: Verified Placement Consultants in Mumbai
We’re now listing the top trusted placement agencies in Mumbai with contact details, industry specializations, and service models. Scroll below to explore!
Career Move Consultant
Contact Person: Mr. Navneet Diwaker
Address: E-301, Lotus Corporate Park, Jay Coach,, Goregaon East,Mumbai, Maharashtra
Website: https://www.careermove.co.in
Priya Nurses Bureau
Contact Person: Miss Suda Soman
Address: M/s. Priya Nurses Bureau, C-wing, 310/311, Shanti Shopping Centre, Opp. Railway Station, Mira Road east, Maharashtra
Website: https://www.priyanursesbureau.com
Dishi HR Solutions
Contact Person: Mr. D. M. Joshi
Address: Andheri East, Mumbai, Maharashtra
Website: https://www.dishihrsolutions.in
The Supreme Consultancy
Contact Person: HR Team
Address: Tanaji Nagar, Kurar Village, Malad East, Mumbai, Maharashtra
Career Entry
Contact Person: Mrs. Mahima Sohanda
Address: M 2.1 Plot No. D-5 Road No. 20, Marol MIDC, Andheri East, Maharashtra
Website: https://www.careerentry.in
Prime Star HR
Contact Person: Jayati Sonejee
Address: Reg Office: Fort, Mumbai, Maharashtra
Website: https://www.primestarhr.com
Achieeve
Contact Person: HR Team
Address: Carnival Hub, Vasant Valley, A K Vaidya Marg, Off Western Express Highway Near Dindoshi Firebrigde Opp Near Oberoi Mall, Malad East, Mumbai, Maharashtra
Website: https://www.achieeve.in
S. K. Shipping Services
Contact Person: Mr. Krishan Kumar Jolly
Address: B-301, Dhanashree Heights, Off Veera Desai Road, Andheri West, Mumbai, Maharashtra
Website: https://www.skshippingservices.in
Bhumi HR Consultancy
Contact Person: Pradeep Shetty
Address: 207, Apollo Complex, R.K.Singh Marg, off Parsi Panchayat Road, near Sona Udyog Industrial Estate, Amba Wadi, Natwar Nagar, Andheri East, Mumbai, Maharashtra
Website: https://www.bhumihrconsultancy.in
Satguru Job Placement
Contact Person: C.s. Thakre
Address: Vijay Society, Near Bhoir Gymkhana, M.Phule Road,, Dombivli West, Mumbai, Maharashtra
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