Which college is better: NMIMS or SP Jain or new IIMs?

I will rate these colleges out of 100 to give you a relative reference (where IIM A,B,C are a 100)-

1. SP Jain- 95/100
2. NMIMS- 80/100
3. New IIMs (the best ones like Ranchi, Rohtak, Udaipur)- 70/100
4. The other new IIMs- 50/100

Out of all these colleges, SP Jain is the best. It has a small batch size in comparison to NMIMS. Other than that, it has a unique, value based pedagogy, and renowned faculty.

Thus, SP Jain is the best option among these for your PGDM. 

For the given options, your preference order should be SP Jain>NMIMS>New IIMs. SP Jain and NMIMS offer good ROI and placements. During the 2022 placement drive, students of SP Jain received an average CTC of INR 32 LPA. NMIMS Mumbai 2022 placements ended with an average CTC of INR 23 LPA. 

These two also have a locational advantage.

NMIMS and SP Jain offer similar ROI. But SP Jain has a slightly better brand name compared to NMIMS. New IIMs are yet to make a brand name in the industry.  Only IIM Raipur, and Rachi have managed to gain some kind of reputation in the industry. 

• The average CTC offered at SP Jain and NMIMS is 18-19 LPA. While the average CTC offered in the new IITs is somewhat around 16 LPA. 
• SP Jain and NMIMS have a locational advantage. Since Mumbai houses most of the industry giants in the country. You will have better exposure and placement opportunities. 
• Between SP Jain and NMIMS, the former has a better student crowd. As they take admission based on CAT and XAT scores. 

So, among the given choices, SP Jain is the best.