IIM Mumbai Placement 2025: Highest Package, Average Package, Top Recruiters

In the placement process, it is not always the B-Schools that are responsible for reporting inflated packages, but rather the companies. The figure reported by placement cells is referred to as the "Cost to Company" (CTC) and not the take-home salary. This means that simply dividing the CTC by 12 is not an accurate reflection of what you will receive in your bank account each month.

CTC consists of two main components: fixed and variable. The fixed component includes your basic salary, HRA, TA, LTA, employer's contribution to the provident fund, joining bonus, retention bonuses, and ESOPs. The variable component is based on both your performance and the company's performance and is paid out in lump sums either yearly or half-yearly.

Your take-home salary at the end of each month is calculated as basic salary + HRA + TA + other allowances - provident fund deduction - tax. The remaining amount is given to you at the end of the year. To illustrate how companies may inflate their CTC figures, here are a few examples:

• Amazon:

Fixed component: 9 lakhs

Year 1 end retention bonus: 2 lakhs

Year 2 end retention bonus: 1.5 lakhs

ESOP: 5 lakhs to be paid over 3 years

Performance bonus: separate/not reported CTC: 17.5 lakhs

Take-home salary: 65-70k

• Goldman Sachs:

Fixed component + Variable component: 14.5 lakhs

Relocation: 2,00,000 INR (one-time payment)

Supplemental Salary: 3,50,000 INR (supplemental salary is an accrued bonus paid out in monthly installments pro-rated from the date of joining, only applicable during the first year of joining)

CTC: 20 lakhs

Take-home salary: 95-98k

• RBS India Development Center (Royal Bank of Scotland back-end):

Fixed component: 9 lakhs

Variable component: 10-20% of a fixed component

CTC: 10.8 lakhs

Take-home salary: 65-68k

As seen from the examples, despite Amazon having a CTC that is double that of RBS IDC, their take-home salary is the same. This is the typical way it works. The placement teams likely do not have much control over the process.

If you are considering NITIE as a potential B-school option, you may be wondering about its reputation and placement prospects compared to other top B-schools in India. While it is true that NITIE may not offer the same level of exposure and placements as IIM - A/B/C, it can still be a better option compared to newer IIMs. It is important to remember that each B-school has its unique strengths and industry recognition for certain domains.

NITIE is well-known for its focus on operations and supply chain management. If you are passionate about these areas, NITIE can be a great choice for you. In fact, many leading FMCG companies have NITIE alumni heading their supply chain functions. This is a testament to the strong industry recognition and reputation that NITIE has in this domain.

While placements are an important consideration when choosing a B-school, it is also important to keep in mind that a B-school education is not just about getting a job. It is also about gaining knowledge, building skills, and developing a network of professionals. NITIE offers a rigorous and practical curriculum that is designed to equip students with the skills and knowledge they need to succeed in the industry.

In addition to its academic curriculum, NITIE also offers a range of co-curricular activities and industry interactions that provide students with hands-on experience and exposure to real-world challenges. This includes industry visits, guest lectures, case competitions, and internships.

Overall, while NITIE may not offer the same level of placements as some of the top B-schools in India, it is a strong option for those interested in operations and supply chain management. With its strong industry recognition and reputation in this domain, NITIE can offer you a unique and valuable learning experience that can prepare you for a successful career in the industry.