This MBA College Offers ₹22 LPA Avg Package – But There’s a Catch
Kanhaiya Kumar
21/04/2025
Contents
- 1 Why Everyone’s Talking About This College
- 2 The College in Question: IIM Mumbai (Formerly NITIE Mumbai)
- 3 The ₹22 LPA Dream – The Real Story
- 4 Here’s the Catch You Must Know
- 5 Alumni Insight: What Makes This College Truly Worth It
- 6 Should You Aim for IIM Mumbai?
- 7 📌 Final Thoughts from a Mentor
- 8 FAQs
- 9 Q. Is IIM Mumbai worth it over baby IIMs?
- 10 Q. What percentile is needed for IIM Mumbai?
- 11 Q. Do they accept non-engineers?
📌 By Kanhaiya Kumar, MBA (PUMBA) | 10,000+ Students Counseled | LinkedIn
Why Everyone’s Talking About This College
Imagine this — an MBA college in India not from the IIM league, but still offering an average placement of ₹22 LPA. No, this isn’t a headline-grabber scam. It’s real.
But like every shiny coin, there’s a flip side. Let’s break it down.
The College in Question: IIM Mumbai (Formerly NITIE Mumbai)
- Newly Rebranded as an IIM in 2023
- Located in Mumbai – India’s corporate nerve center
- Known for niche yet elite courses in Operations & Supply Chain Management
The ₹22 LPA Dream – The Real Story
| Metric | Data (Latest Batch) |
|---|---|
| 📈 Average CTC | ₹22.5 LPA |
| 💥 Highest CTC | ₹49 LPA+ |
| 🧑🎓 Top Recruiters | Amazon, Flipkart, Accenture Strategy, EY |
| 📊 Domain Split | Supply Chain, Consulting, Product, Analytics |
These numbers beat many IIMs outside the Top 6. So what’s the catch?
Here’s the Catch You Must Know
- Extreme Competition
- Intake is just ~300 students.
- Cut-offs are sky high, especially now with IIM tag.
- Profile Bias
- Heavily favors Engineers with work experience.
- Freshers and Non-Engineers may feel left out.
- Limited Specializations
- Dominantly known for Ops, SCM, and Analytics.
- Not ideal for someone looking purely into Marketing or HR.
- New IIM Status = New Challenges
- Still in transition from NITIE → IIM.
- Some recruiters may not yet treat it at par with old IIMs.
Alumni Insight: What Makes This College Truly Worth It
“What sets IIM Mumbai apart isn’t just its ROI or average package. It’s the deep industry connect in operations and product, and how it grooms leaders with on-ground business logic, not just boardroom English.”
— Kanhaiya Kumar, MBA (PUMBA)
LinkedIn Profile
Having counselled over 10,000 students, I’ve seen how students from humble academic backgrounds transform at IIM Mumbai, provided they align their goals well.
Should You Aim for IIM Mumbai?
✅ YES if you:
- Love Operations, SCM, Analytics or Product roles
- Have a solid CAT percentile (98%+ for GEMs)
- Come from an Engineering background
- Want an elite Mumbai-based institute with industry access
❌ Maybe not for you if:
- You’re a fresher from non-engineering background
- You want to pursue pure Marketing, HR, or IB roles
- You can’t handle pressure in a super-competitive peer group
📌 Final Thoughts from a Mentor
“As someone from PUMBA who has worked with aspirants from IIM Mumbai, I can vouch — this isn’t just about ROI. It’s about fit. Don’t chase ₹22 LPA blindly. Chase where you grow stronger, smarter, sharper.”
— Kanhaiya Kumar, MBA (PUMBA)
FAQs
Q. Is IIM Mumbai worth it over baby IIMs?
Yes, especially for those interested in operations, product, analytics.
Q. What percentile is needed for IIM Mumbai?
98.5+ for General Engineer Male. Lower for reserved and female categories.
Q. Do they accept non-engineers?
Technically yes, but the crowd and pedagogy are very engineering-oriented.
🔔 Stay tuned for more such college deep-dives only on FormFees! Want personalized counseling? Connect with Kanhaiya Kumar on LinkedIn.
