It is this data that is mostly found exaggerated, even to the extent of being blatant lies. The MBA colleges know that students seek better placements and often lie to get the next batch of students. Remember how the IIPM used to lie till the same was exposed by Careers360. It is in this context that relying on credible declarations and regulatory filings becomes important.

There is enough data that is available now to understand the placement statistics of B-Schools and MBA colleges. The list that I am making for you is from the data that is submitted to regulatory agencies ( AICTE (https://www.aicte-india.org/) , UGC etc.) or to ranking agencies ( NIRF (https://www.nirfindia.org/Home) , Careers360).  More importantly, a generic question on placements has to be divided into two parts:

i)               The average or median salary: This is a better measure to understand the quality of placements. Lot many MBA colleges talk of the highest package which is a mistake that is best avoided as it may be a one-off offer or may be an international placement converted into Indian rupees. The median salary will account for all the placements and the average salary across the class size that has been placed. Even in this, there is a catch which the current data sets do not catch, that is, international placements. An MBA institution having high international placement will have a high average salary affecting the data. Barring this anomaly, median salary remains the best measure of the graduation outcome of a B-School.

ii)              Percentage of class placed: A college may just have a fraction of its student placed to show a high average salary. Hence, it is important to understand the class size and the number of students placed. There is one caveat to this measure. In the best B-Schools, much of the class may prefer to join a family business or become an entrepreneur. Hence, we should provide for those students who opted out of placement to determine the placement percentages.

Here are the best B-Schools based on placement in Mumbai (only of those for which we have the data that we thought were credible)

• National Institute of Industrial Engineering, Mumbai

• SPJIMR, Mumbai

• Narsee Monjee Institute of Management Studies, Mumbai

• K J Somaiya Institute of Management, Mumbai

• Prin. L.N. Welingkar Institute of Management Development and Research, Mumbai

• Shailesh J Mehta School of Management, Indian Institute of Technology Bombay

• JBIMS, Mumbai

• Tata Institute of Social Sciences, Mumbai

• Sydenham Institute of Management Studies, Research and Entrepreneurship Education, Mumbai

• ITM Business School, Kharghar, Navi Mumbai

• NL Dalmia Business School