Which is a better option to pursue from MPSTME, NMIMS, Mumbai- IT or Computer Engineering?

The important thing is your choice and interest. If you are not interested in the subject, you will face difficulty completing the course. Being an IT student I am a little biased about the field.

• Keep in mind that premier universities such as IITs and BITS lack IT. This is due to the fact that IT is not a legitimate branch. It was exclusively created to meet the industry’s needs.
• Consider a CS engineer as an auto engineer and an IT engineer as a mechanic or a driver. It is, in fact, a very well-paid job, but that is all there is to it.
• You'll be hired by organizations that specialize in maintenance and software development.
• Any research or new innovations in the realm of computers are almost always carried out by CS or ECE engineers.
• IT is mostly concerned with computers and software. CSE, on the other hand, is a discipline of mathematics with a concentration on computing.
• In IT, you have to concentrate on software rather than the backend whereas in CSE you will learn more about computers and applied mathematics.
• When it comes to job placements, both streams have good placement records. Due to their huge demand in the growing corporate industry, there will always be the requirement for IT professionals.

Thus, there are some differences between IT and CSE. Some subjects are similar, some faculty members are also the same. They are approached by the same companies like Accenture, Cognizant, TCS, IBM, Tech Mahindra, Morgan Stanley, Mindtree, Capgemini, HCL, HP, Dell, Wipro, Infosys, etc.