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Average Salary offered at Top Indian B-Schools

The average salary at top B-Schools had seen minimum 10% increase for the batches passing out in 2016. MBA aspirants have to judiciously use the placement information put forth by colleges and have to consider various other parameters like reputation of college, year of establishment, tuition fee, placement track record for last 5 or more years, industry interaction, location etc which arriving at  B-School of their choice. Completely relying on placement information for choosing a B-School admission is detrimental.

The average CTC (Cost-To-Company) published by a B-school never gives the correct picture. The CTC offered by a company is the sum of fixed component, one time bonus, variable pay, ESOPS and other heads. In addition, inflating the numbers is the norm. Except for IIM Ahmedabad which is publishing an audited report of placements, we have not seen many B-Schools forthcoming with a detailed and audited  one to bring transparency to their placement records. There are many instances where colleges reported higher salaries than IIMs and other B-Schools of repute, which a candidate have to take with pinch of salt. 

Average Salary for 2016 at top Indian B-Schools

Based on published reports of respective B-Schools, the list of average CTCs offered at various campuses is here as under:

B-School Average Salary  (in Rs. Lakhs P.a.)
IIM Ahmedabad average salary 20.50
IIM Bangalore average salary 21.03
IIM Calcutta average salary Not Available
IIM Lucknow average salary Not Available
IIM Indore average salary 15.67
IIM Kozhikode 17.10
IIM Shillong 14.00
XLRI Jamshedpur average salary 18.50
FMS Delhi average salary 20.50
IIFT Delhi 18.00
JBIMS 18.13
MDI Gurgaon 18.95
MICA 11.30
NMIMS Mumbai 13.20
NITIE 15.82
IRMAsalary 8.56
SP Jain Mumbai 19.30
Symbiosis Pune 14.16
SCMHRD 13.24
XIM Bhubaneshwar  12.44
TISS Mumbai Not Available
TAPMI 9.24
VG SOM, IIT Kharagpur  14.01
Shailesh J Mehta School of Management,  IIT Bombay 16.50
Department of Management Studies,          IIT Delhi  14.71

 

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