Is it advisable to settle on JBIMS, if one only aimed for IIM's?

Comparing JBIMS with IIMs is highly unjustified as IIMs are way ahead of JBIMS or FMS even if we consider the ROI. They are unique in many aspects such as

• IIM ABC and ISB is the only B-schools that offer Investment banking profiles in placement. Even if we look at other profiles, it’s easy to infer that they are much superior in terms of quality than the ones offered at JBIMS. 
• Being a pass out of IIMs or ISB, you have an upper hand in the higher spectrum of one’s career, i.e, leadership roles.
• JBIMS or FMS lack the general ambiance and culture of a typical B School due to a lack of residential and campus facilities.
• The peer quality of IIMS and ISB are much better than JBIMS whose gender ratio, diversity, and competitive exam are very one-dimensional.
• The only significant aspect of JBIMS is the ROI which when negated makes JBIMS as mediocre as SP Jain and MDI.
• The placement statistics of JBIMS are much similar to that of new IIMs or average B Schools like MDI, and SP Jain. They are in no way in comparison to the top IIMs even with batch sizes as small as 120.

So one should choose JBIMS or FMS over IIM only if one wants to spend low fees, take no loans, or pursue MBA in Mumbai or Delhi.