I think I am the right person to answer this question as I have worked with graduates from the aforementioned top B Schools in India and my brother was a student at ISB. With the combined experience and knowledge I have, I dare to comment that ISB is an overhyped B school in India. What makes it stand is its amazing infrastructure, founding members, and the whole Western-style education. However, if you look at its academic style, I don’t find it very appealing. It fails to prepare students well and does not meet the standards of the 4 IIMs (ABCL) and XLRI.

Placements-wise one can comment that ISB is a notch better than XLRI and FMS but it is on the same level as IIM Lucknow. 

Ultimately, the brand value of a business school is a matter of personal opinion and is subjective.

SJMSOM at IIT B was founded in 1995, making it a relatively newer institution. But for a couple of years now, it has been making headlines because of some really outstanding profiles that were provided. Its core competencies are operations and supply chain management. There is no doubt that IIT B is the best choice if you want to work as a product manager. IIT B also has a beautiful campus with excellent facilities.

Additionally, it would give you the opportunity to take part in MOOD-I, the most significant cultural festival in all of Asia, which is held at IIT Bombay. With the well-known tech fests, there is another opportunity for you to participate. Furthermore, there are benefits to living in Mumbai. For guest lectures, the majority of the industry experts live nearby and are easily reachable. 

IIM Lucknow was founded in 1984, so it has 11 batches more alumni than IIT B, resulting in approximately 3300 more alumni (considering 300 students per batch on average). It is also the fourth oldest IIM, following A, B, and C. You will gain a lot more industry experience, which will assist you in deciding what you truly want to do. In addition, IIM L offers better opportunities in Sales & Marketing, Consultancy, and BFSI than SJMSOM. Furthermore, you will be networking with a large number of students from all over the country and forming lifelong friendships. Furthermore, the IIM tag for a managerial position has an advantage over the IIT tag, which is still developing.

It would be fine if you went to IIM L, SJMSOM, or any other B school a few years later. When you switch from the first company you get after your placements, the new recruiters will be more interested in your work than in the college you attended. And the impact of your college's name gradually fades. What remains are the lessons you've learned and the memories you've made over the last two years. 

Compared to IIM Lucknow’s IPMX, IIM Indore’s EPGP will be a better option. 

Small Cohort Size: 

IIM Indore has a small cohort size. So, the professor-to-student ratio is higher. 

Location: 

IIM Indore IPMX program takes place on the Noida campus. The environment on campus is ideal for studies and it also has the advantage of being close to the industries in the Delhi NCR region. 

Placement:

IIM Indore Executive MBA placements 2022 had witnessed an all-time high average placement package. The average CTC for the top 25% of the EPGP students was INR 35.5 LPA. While the top 50% of students received an average CTC of INR 30.6 LPA. 

Batch Size: 

IIM Indore 2021 EPGP batch had 68 students. Students had work experiences in the range of 5-15 years. The students crowd is diverse and there is huge potential for peer learning. 

Due to these factors, EPGP from IIM Indore will be a better option. 

IIM Lucknow (ABM), IIM Kozhikode, and IIM Indore are all highly reputable and well-respected institutes for management education in India. Each one has its own strengths and unique features. Choosing which one to attend boils down to your personal preferences and goals.

• IIM Lucknow (ABM) has a strong focus on Agri-Business Management and is known for its research in this area. It also has a diverse student body and a good reputation for its international collaborations.
• IIM Kozhikode is known for its focus on sustainability and corporate social responsibility. It also has a good reputation for its faculty and research.
• IM Indore is known for its focus on finance and its good reputation for its faculty and research. It also has a diverse student body and a good reputation for its international collaborations.

Here is a comparative analysis of both institutes.

I would suggest you visit the official website of these institutes and also talk to the alumni of these institutes to get a better insight. You can also attend the webinars, open house sessions organized by these institutes to get a better understanding and make an informed decision.

When discussing a business school, the most common topics of conversation are diversity, peer learning, case competitions, learning culture, and placements.

Both FMS and IIM Lucknow have very different admissions criteria. Lucknow promotes academic diversity and places a high value on interview scores, whereas FMS places a greater emphasis on percentile.

Typically, classes in business schools last until five o'clock. If you stay on campus, you have the option of sleeping until 8 p.m. and then attending a club/committee event at 9 p.m. When you have in-house fields, you can relieve stress by playing football or cricket at night. You have the chance to run your own business at IIML thanks to their student-run enterprises on campus.

When it comes to faculty, case competitions, and academic curriculum, both brands are massive, and there are numerous opportunities. Additionally, since ROI is the topic of most discussion, FMS succeeds in this area if cost is a genuine concern.