XLRI has been ranked 9th for management studies in India by NIRF 2020 whereas FMS, IIM-L has been ranked 35th and 4th position respectively. JBIMS is ranked 23 for MBA by India Today 2019.

Admission:

XLRI:

• XLRI conducts the Xavier Aptitude Test (XAT) every year in the month of January which is followed by PI rounds for admission.

• 95% is the cutoff for male candidates to join the BM program whereas 93% in the case of females for the same.

JBIMS:

• CAT exam and PI round must be cleared to get admission at JBIMS with the minimum graduation score of 50%.

• The previous year cutoff for BM was 96%.

FMS:

• FMS considers CAT scores for MBA admission.

• BM at FMS is most likely to have a cutoff of 98%.

IIM-L:

• For admission at IIM Lucknow, one has to clear IIM-CAT.

• The expected cutoff percentile this year would be around 97-99% for BM.

Placement statistics:

XLRI:

• The batch of 2020 recorded 100% placement with 362 overall domestic and international offers.

• The average CTC was recorded to be 26 LPA whereas the highest package was 58.5 LPA.

• Sales & marketing and BFSI were the top sectors where students were placed. 17% of these roles constituted students from Business Management.

JBIMS:

• JBIMS experienced a 17.6% hike in their average salary from the previous year. The average CTC offered this year is 20.13 LPA where 98% of students applied for placement have got placed.

• The best domestic CTC offered in 2020 is 32.3 LPA.

• 41% of students got placed at BFSI and IB sectors which includes a majority of BM students.

FMS:

• 219 students appeared in the placement session in 2020. Each of them got placed at top-notch companies like Coca Cola, Asian paints, GSK pharma with an average salary of 25.6 LPA.

• 58 LPA was the highest CTC offered which is 10% more than the previous year.

• Consulting, General management, and E-commerce were the major domains where 33% of students got placed.

IIM-L:

• 443 students got placed from the 2020 batch at IIM-L with an average annual package of 24.25 LPA at companies like Flipkart, Deloitte, Accenture.

• The best CTC offered so far is 54 LPA at IIM-L.

• 480 students availed of a summer internship opportunity with an average stipend of 1.2 LPM.

XLRI slightly holds an upper hand for BM when compared to the other three B-Schools. Nonetheless, all four institutes offer quality education, exposure, and good placement.

Both the colleges are reputed among students and offer decent ROI, a well-connected alumni network, and good placement opportunities.

Let’s have an overview for both the colleges one by one.

JBIMS:

• The average package offered went up to Rs.22.84 LPA in 2020 from Rs.20.13 LPA last year. The best package increased to Rs.34.36 LPA in 2020 from Rs.32.30 LPA last year. The median salary increased to Rs.22 LPA in 2020 from the previous year.
• The course fee for JBIMS is 7-1.52 lakhs. 
• JBIMS accepts admission through CAT/MH-CET.

VGSoM:

• The average salary rose from Rs.15.50 LPA last year to Rs.23.20 LPA in 2020. The highest pay offered was Rs.20.50 LPA. The median salary increased from Rs.14.76 LPA last year to Rs.16.99 LPA in 2020.
• VGSoM charges around 10 lakhs for MBA.
• VGSoM takes admission based on CAT scores.

JBIMS Mumbai offers MIMS while VGSoM offers MBA. Both the institutes are good.

Jamnalal Bajaj Institute of Management Studies or JBIMS is situated in Mumbai, Maharashtra, and Xavier Labour Relations Institute or XLRI is located at Jamshedpur, Jharkhand. For the year 2020, XLRI was ranked 9th by NIRF in the Management category. JBIMS has been ranked 7th by Business today. 

Admission

JBIMS:

• MMS - Students must have passed graduation with 50% along with MAH CET score. The fee structure for the course is INR 49,980.
• M.Sc Finance - Passed graduation with min. 50% in mathematics at HSC/Degree. The fee structure for 1st-year is INR 3.40 Lakhs.

XLRI 

• FPM - Passed master’s degree/B.E or B.Tech degree with 55-60% marks. The institute charges 5.5 lakhs for the program
• Executive FPM - Passed MBA with 60% marks. The total fee structure for the course is 9 lakhs.

Placements:

JBIMS

• For JBIMS, 41% of students were placed in the BFSI & IB sector, followed by the Technology sector with 19% of the total students being placed.
• At JBIMS, a total of 52 companies were part of the summer internship drive including Axis bank, Castrol, Barclays, Deloitte. 
• The highest stipend was Rs. 5.5 Lakhs and the average stipend was Rs. 1.89 Lakh.

XLRI:

• XLRI has an Alumni base of more than 16,000. 
• In the year 2020, the IT/ITES sector was the largest recruiter with 30% of the total offers.
• 90 XLRI students were placed in the year 2020. 
• The highest international CTC was Rs. 58.22 LPA and the highest domestic CTC was Rs. 26 LPA.

The table given below highlights the overall placement statistics for both institutions:

Campus Life -

• XLRI has an Interdisciplinary Behavioral Lab, designed specifically for the study of human subjects. There are many extracurricular societies and Interest groups like Dracula, SIGMA - Oikos, AXIOM, Bodhi tree, CEASE etc.
• JBIMS has several committees like the STRATEGYM, the CATALYST forum etc and conducts International research conferences.

A better option for finance should be selected by comparing above facts, your perception of the college brand image and the ROI which is on an average 20.14 for JBIMS and  0.65:1 for XLRI.