I have 7 years experience, working as Lead DevOps engineer at 12.7 LPA. I have received an offer from McKinsey and Company for Engineer2 role in DevOps for 29 LPA. I feel I will step down in designation but I will get great exposure in McKinsey. Please share your suggestions, is the offer from McKinsey good to go?

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The offer is way too less …Mc Kinsey has low balled you.

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What is the best for this position which McKinsey offers?

Most good software companies have lead level positions at much higher experience probably 10+ at times/ at times there aren’t any Lead position and they make it similar to managerial position. At 7 years, its somewhat Senior Software Engineer role but you can work upon the compensation since McKinsey is a good payer and can easily more than 29 for 7 years anyday

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Think of it this way, smaller designation at McK means so much more room to grow (and lesser expectations than Lead level). Their Lead engineer or Manager in DevOps would be earning 40+, which you can grow yourself into.

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Regarding ctc if this is your first offer then realistically this is a good offer as u got more than 100% hike, with respect to position one can become lead in 6 or 7 years but that might not be case with prod based or captive industry, but at minimum you should get senior engineer position, based on your performance new employer might promote you.

Capgemini C2 Manager does not necessarily mean you are a line manager for someone. Even D1 Senior Managers can work IC roles till 12-15 YoE here.

You can decide whether designation matters to you. Personally, I don't give a shit about designation.

And choosing a higher designation role with lower CTC in shitty companies like Capgemini or HCL over smaller designation at McK with more CTC, would be a BIG mistake.

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It’s not my first offer. I have following offers as well:
1. CapGemini C2 Manager at 22LPA
2. HCL - Senior technical lead at 22 LPA
3. Ameriprise international - senior technical lead at 26 LPA

Due to these available offers I am doubtful about designation in McKinsey

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