NMIMS Mumbai reported its average package to be 16-17 lakhs. Are these figures inflated?

When calculating the average packages, a lot of math is involved.

If you believe that the average package of any college is what you take home, you will be surprised as it won't be close enough. The package offered to a graduate has a lot of components to it, such as basic salary, HRA, travel allowances, leave allowances, some other X, Y, and Z allowances, and ESOPs, and on top of these, you have some hefty signing in bonuses and variable pays. The pay structure varies from firm to firm.

The average pay suggests your maximum earning potential.

If you are interested in NMIMS Mumbai, you should know that it holds a great placement record, and students receive good salary packages during its placement drive every year. According to the final report of NMIMS Mumbai Placements 2022, the highest salary package, which stood at INR 57.65 LPA, increased by 66.04% (approximately) compared to the last year. Students received an average salary of INR 23.07 LPA, which is also 25.04% higher compared to the previous year.

You should know that there were 150+ recruiters from various sectors like BFSI, Consulting, IT, Pharmaceuticals, Media & Telecom, Consulting, etc. Some of the major recruiters included Aditya Birla Capital, EY, Capgemini, Cognizant, and ICICI Bank. Among these recruiters, 40+ recruiters were new recruiters, and 60+ recruiters were Fortune 500 recruiters.