MBA aspirants keep a close watch at the potential starting salaries after completing their course. What can an institute provide and that combined with one’s own true potential makes the digit of your salary.

Know about the top MBA colleges in Mumbai where companies offer best starting salary packages during campus placement. The data presented here will assist you make the best choice of college.

1. Bharatiya Vidya Bhavan – S.P. Jain Institute of Management and Research

Placement statistics for 2017 management course batch indicates the average salary structures. In the campus placement drive more than 100 good companies made initiatives to hire the best talent from a pool of 229 candidates.  The average annual salary for the year was 20.9 lakh, with a median CTC package of 20 LPA. This was an average increase of 8-9% from the previous. The highest CTC package offered was almost 40 LPA. Stats say that 90% students received an average salary of more than 15 LPA.

2. Sydenham Institute of Management Studies, Research and Entrepreneurship Education

The institute is a top 10 MBA college in Mumbai as it gets a nod in all the top research surveys. The placement cell of the institute invites best MNC and local giants to give their students the best starting package. With 100% placement record for several years, the average starting CTC package was almost 11 lakh per annum. Major hiring was made in Financial, Analytics, and in Operations sector. The highest package offer for the year stood at 24 LPA. Even the lower-most package at the campus placement was around 6 LPA.

3. Thakur Institute of Management Studies and Research

The institute offers a professional environment for MBA program and groom students for the challenges of a corporate world. Big MNCs takes part in the placement drive at the campus every year. The statistical data indicates that MBA fresher’s would receive an average starting package of 6 lakh per annum. Bright students can expect the highest average starting CTC around 10-11 LPA, that should give them a bright start to their ambitions. The institute insists on sending their students on Internship programs before the final placements to gain much needed confidence. Several students also lands up with PPO during their Internship period.

4. SIES College of Management Studies

The college enjoys a 100% placement record over several years of campus hiring. The campus placement is attended by global firms like Accenture, Asian Paints, Philips, Datamatics, Wipro and L&T. Students from the marketing course of this institute are preferred by recruiters, where average starting salaries are 6.5 lakh per annum. The highest average salary is around 10 LPA and the lowest average salary that was offered was 3.5 LPA.

5. L. Dalmia Institute of Management Studies and Research

The Dalmia institute provides commendable placement opportunities for fresh MBA pass outs. Reputed MNCs make sure to attend the campus recruitment at the end of academic session. During the placement drive for last year’s campus recruitment the average CTC offers were around 6 LPA. The best CTC package stood at 24 LPA that was offered by D.E.Shaw. Financial institutes took particular interest in placement and hired several candidates for motivating packages. The summer Internship also gives student experience as well as earing a stipend. The best stipend for the session was 25,000 monthly.

6. National Institute of Industrial Engineering

Known for its supply chain management MBA courses, NITIE students are in great demand in the industry. The placement salary data provides some impressive number. There were close 140 companies who completed 247 recruitments. The average starting CTC package averaged around 19-20 lakh per annum. This average was 15% higher than the previous year. For the domestic recruitment the best CTC offer was for 46 LPA. For the international recruitment the best CTC offer was for 55 LPA. The lowest salary package offer was for 12 LPA.

7. Kohinoor Business School

The placements at KBS are quite god, if not exceptional. Most students get expect to get placement through the campus recruitment process initiative. The average starting package offered during last few years is around 3.5-4 LPA. The best CTC offer made last year was 8 LPA. The institute also ensures constructive placement of students for the summer Internship, which also offer a decent earning potential. Monthly stipend of Rs 10-15 thousand gives new students a lot of encouragement for concrete future jobs.

8. Aditya Institute of Management Studies and Research (AIMSR)

AIMSR campus recruitment is attended by corporate giants and offers good starting profiles in the field of Sales & Marketing. Even if it’s not 100% campus placement students at AIMSR can expect good jobs through placement agencies and looking for jobs in corporate world. MBA from Aditya Institute holds a good value. The average starting salary package is expected to be around 3 LPA. One of highest CTC package offer was approximately 10 LPA. Some of the promising students are expected to be offered Pre Placement Offers (PPO) during their Internship period.

9. Alkesh Dinesh Mody Institute for Financial and Management Studies

The placement at the institute happens in December and again at the end of the session. Attendees for the campus placement are big MNCs and giant local organizations like ICICI Bank, KPMH, L&T, P&G, Wipro and Keane to name a few. Most students are expected to get job offers during the campus placement that was attended by 60 plus companies. For last year recruitment the highest CTC starting package was 7 lakh per annum. For the same year then minimum starting package stood at 3 LPA. The overall average starting salary package was 4.5 LPA. All the students did summer Internship with assistance provided by the college. Highest remuneration of 20,000 monthly, and the lowest was 7,000 per month made the average Internship stipend of 15,000 per month.

10. IES Management College and Research Centre

The institutes assist its MBA students in getting the Internship during the course and prepare them for the campus recruitment at the end of the session. The average starting package for IES pass out is 3.4 LPA. One of the best CTC offered was 7 LPA and the lowest was around 2.5 LPA. Students can also find useful income from their Internship program earning between 10,000-15,000 monthly. And some students find PPO offers at internship itself. The campus placement is attended by giants like Tech-Mahindra, Accenture, KPMG, HDFC Bank, P&G, and Citibank to name a few. Check list of all MBA colleges/institutes in Mumbai at https://www.shiksha.com/mba/colleges/mba-colleges-mumbai-all