Not just the SIBM Bangalore placement records, most placement records at all the B-schools are inflated by around 20-30%. The placement committee increases the average CTC to look higher than the previous year. Also, the average CTC does not include people who remain unplaced. If a student gets two offers, both are included in the average. If a student gets a high-paying off-campus placement, the colleges include it in the placements report
Even the highest package is not correct in most cases. It can be an overseas offer and may have a 5-year retention bonus added to it. So if, say, the base salary offered is 15 LPA, you will get 2 Lakhs every year if you stay for 5 years.
Details of the offers are not made public which gives liberty to the colleges to twist facts to their advantage.
To get into SIBM Bangalore for your MBA will cost you around INR 19 Lakhs. As a student in a tier 2 college, you will most probably end up with an offer of INR 7 to 9 LPA. It is rare for students to get very high packages.
This is the reality of placements that I wanted to share with you as a former placement committee member.
You can do an MBA from SIBM Bangalore however, arrive at your final decision after considering everything.