Is NMIMS's average salary really above 16L Rs.?

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Advait Joshi Posted On - Sep 12, 2023

Lives in Mumbai, Maharashtra, India

Yes, it's true that NMIMS's average salary is above INR 16 LPA. In the 2023 MBA placements of NMIMS, around 36% of the batch were placed through PPOs. The highest package stood at INR 67.80 LPA whereas the average package stood at INR 26.63 LPA. Here are the salary-wise placements for the batch 2023 at NMIMS Mumbai:

Salary Statistics	CTC Offered
Top 10% Average Package	INR 40.41 LPA
Top 20% Average Package	INR 36.50 LPA
Top 30% Average Package	INR 34.39 LPA
Top 40% Average Package	INR 32.53 LPA

So yes, NMIMS average package is really above INR 16 LPA!

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Deepanshu Pandya Posted On - Feb 22, 2022

MBA from SVKM's NMIMS (2019)

According to the 2021 placement report, here is the average salary package received by NMIMS students.

NMIMS Mumbai Average Package:

Average CTC	INR 18.45 LPA
CTC for top 50 students	INR 25.16 LPA
CTC for top 100 students	INR 22.89 LPA
CTC for top 150 students	INR 21.55 LPA
CTC for top 200 students	INR 20.16 LPA

Check following video for a detailed review on NMIMS MBA

You should note that average salary is not the right measure of placements. There are students who get placement packages above INR 25 LPA. There are also students who get packages around INR 8-9 LPA. The right measure of placements is the median salary which isn’t usually mentioned explicitly often. But if you are aiming to secure a salary package above INR 16 LPA, you can certainly get it with strategic preparation.

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Ajay Bakshi Posted On - May 13, 2021

MBA Marketing, SVKM's NMIMS (2019)

The average salary package is INR 17.97 LPA. There is a big difference between CTC and in-hand take-home salary. So if your question was related to 16 Lakhs CTC then it’s a definite yes but if your question was related to in-hand salary then it’s a no.

Categories	NMIMS
Highest CTC	30.37 LPA (MBA) & 17.97 LPA (MBA-HR)
Average CTC	17.97 LPA
Companies Participated	166

The in-hand salary, CTC numbers, and placements depend a lot on the below-mentioned factors:-

PPI/PPO/Executive placements: The majority of the top 150–200 students are placed through PPO/PPI from summer internships. The average CTC offered to them is typically 25% higher than the average CTC offered to the entire batch.
The sector of the company: It also depends on where you get the job, i.e., either core or non-core companies. Core companies in each sector, whether FMCG/FMCD/Retail/BFSI/Consulting/Analytics/IT/E-commerce/Others, offer higher CTCs for the same role as non-core companies in each sector.
Start-ups vs. Established Companies: Most start-ups in each sector will offer higher compensation than established organizations for the same role. This is due to the fact that start-ups grow at a much faster rate than established organizations. Their top-line and bottom-line goals are different.
CTC/Payroll Components: CTC is typically made up of Gross Salary + PF + Gratuity + Stock Options + Allowances/Perks. Depending on the percentage breakdown of each of the components, it is very possible that the in-hand salary for someone offered 25 LPA CTC and for someone offered 40 LPA CTC.

It is recommended that you look not only at placement reports by salary figures for directional numbers but also at the number of companies visiting the campus for each sector and the profiles offered. The CTC figures on placement reports are slightly inflated for all B-Schools except those that publish audited placement reports.