After doing some research on the internet, I would say that NITIE, SJMSOM, and IIM-I have their own pros and cons.
The below table can provide you with the basic information about them.
Category | NITIE | SJMSOM | IIM Indore |
Recruiters | Dabur, ITC, Johnson & Johnson, Marico, etc. | Amazon, Deloitte, Cadbury, Axis Bank, etc. | Abbott, Flipkart, Network18, Accenture, etc. |
Average CTC | INR 20.88 LPA | INR 21.96 LPA | INR 23.6 LPA |
Lowest CTC | INR 20.7 LPA | INR 22.00 LPA | INR 6.00 LPA |
Highest CTC | INR 58.2 LPA | INR 32.80 LPA | INR 41.5 LPA |
Therefore, choosing NITIE, SJMSOM or IIM Indore depends on you and in which field you want to make your career. It will be completely your decision, so play along your strengths.
From a placement perspective, companies often prefer candidates with experience in manufacturing or construction, or a related field. This has been observed by some of the students, who had difficulty securing their desired operations jobs. However, it is worth noting that there are also opportunities available for those who do not have such closely related experience.
SJMSOM may be a better choice for those interested in operations than IIM Shillong. Some may argue that the IIM brand carries more weight in the long term, but once an individual has been placed and has gained sufficient experience, it is their track record that truly matters. It is recommended to speak with current students at the school of interest, avoiding the public relations committee as they may be biased, to better understand placement prospects for a particular profile. This can help inform the decision of where to pursue an MBA.
IIM Shillong is the better college among these. The institute puts emphasis on hands-on learning. You will learn how to handle real-time issues. The coursework and teaching go well beyond classroom learning. IIM Shillong has made great strides in recent years in terms of facilities and infrastructure. It has an impressive placement record. IIM Shillong placements in 2022 witnessed the highest CTC of INR 55.22 LPA. This year the major recruiters were Deloitte, DE Shaw, TATA Steel, etc.
When considering which business school to attend, it's important to weigh your options carefully and choose the one that best aligns with your personal and professional goals. Here is a summary of three business schools and some key factors to consider when making your decision:
Personally, I will recommend you join IIM Lucknow . The reason being your outstanding profile. With such an amazing profile you have multiple chances of getting selected in the top firms in Consulting and Investment Banking areas. Many of these reputed companies do not visit the campus if SJMSOM at all. So you will be losing a lifetime of opportunities.
Also, at the end of the day, IIM Lucknow is a top 4 IIM and its brand name will influence you throughout your life. The fees are not a problem as the majority of the students take educational loans offered at low-interest rates. You can pay it back within 5-7 years with the high paying job you land post-MBA.
If you are considering attending a top 20 college in India and are looking for a competitive atmosphere, good infrastructure, a strong alumni network, and high salaries upon graduation, then IITB SJMSOM may be the better choice. However, it's worth noting that some of the courses offered at newer IIMs, such as IIM Trichy or IIM Ranchi's HR program, have gained a lot of recognition in recent years. While these institutes may not yet have the same level of prestige or alumni network as IITB, they should not be underestimated.
It's important to remember that salary outcomes are largely dependent on individual performance in business school. Even if you attend a younger IIM, you may still be offered a lower salary than a top-performing student at IITB if your results are not as strong. Ultimately, the best choice for you will depend on your personal priorities and the specific programs and resources offered at each institution.
IIT B is particularly known for its specialization in Operations. Although it has a decent specialization in other domains like Marketing and IT as well, it is for Operations that people usually choose it. Some consider IIM Shillong or Trichy a better option for Finance. But I personally think that SJMSom IIT B is overall a better choice.
I cannot choose one between IIM Trichy and Shillong as both are at an equal level at this point. Despite being new, Trichy has managed to be in the league of Shillong. It has been growing at a fast pace and may even surpass IIM Shillong in the near future.
So if I am to rank the above options it has to be
SJMSom>IIM Shillong=IIM Trichy
The Shailesh J. Mehta School of Management (SJMSOM) in Mumbai offers several advantages to its students. According to a report, the highest salary package for the 2022 batch at SJMSOM was approximately 49.39% higher than the previous year, at INR 49 LPA. The average salary for the 2020-2022 batch was also 18.1% higher than the previous year, at INR 25.9 LPA.
SJMSOM attracts highly prestigious companies for recruitment, including JP Morgan, ICICI Bank, Infosys Consulting, KPMG Global Services, PwC India, Wipro, and MAQ Software, among others. The smaller batch size at SJMSOM allows for more opportunities for students to participate in activities and committees, promoting their holistic development.
SJMSOM also offers a high number of live projects and industry interaction sessions, providing students with knowledge and experience beyond what is found in textbooks. When considering SJMSOM as an option, students may also be considering other institutes such as IIM K or IIM I. It is worth noting that while IIM Trichy is a good college, new IIMs may still be in the process of establishing themselves.
IIFT Kolkata ranked 31st in India 2019 and the only institute that has been consistently ranked among the top 10 B-Schools in the country.
SJMSOM ranked 11th in the management category in the NIRF Rankings 2020. The institute consists of a faculty strength of 30 members.
Admission process:-
IIFT Kolkata
SJMSOM
Placements
IIFT Kolkata always maintains 100% placements every year. The highest package received is INR 1.5 crore in 2019.
SJMSOM witnessed 100% placements yet again in the 2019-20 placement drive. The institute also saw a steep hike of 14% in the average salary since last year.
The table given below shows the placement statistics of both institutes:
Categories |
IIFT Kolkata |
SJMSOM |
Placement percentage |
100% |
100% |
Highest package |
INR 1 Crore |
INR 32.8 LPA |
Average package |
INR 20.07 LPA |
INR 20.98 LPA |
The top recruiters are Axtria, Polycab, Zomato, Paytm, Google, PwC, L&T, JP Morgan, Accenture, etc.
Facilities
IIFT Kolkata is essentially a B-School offering MBA in various disciplines like marketing, finance, strategy, etc. SJMSOM is an IIT and not a traditional B-School but is quickly finding its way into the top bracket.
IIFT Kolkata provides a lot of opportunities to initiate new developments and contribute to the new campus. Although SJMSOM might have better placements in technology and other allied sectors, IIFT Kolkata is arguably a better business school than SJMSOM.
Among these colleges, IIFT Kolkata or MDI will be better for Finance. According to MDI Gurgaon placements 2022 record, BFSI, and E-Commerce sectors had placement rates of 22% and 13%. During 2021 placement drive, 55 students from MDI were placed in the Finance sector. The highest CTC offered in this sector was INR 21-23 LPA.
You can also consider IIFT Kolkata. It offers similar opportunities as IIFT Delhi, in the Finance sector. During IIFT Kolkata Summer placements 2021, the top recruiting sector was BFSI.