Which is the better choice between SP Jain, IIM Lucknow and XLRI Jamshedpur?

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Aniket Mridha Posted On - Feb 13, 2023
Strategic Management at Xavier School of Management (2017–present)

When considering MBA programs, XLRI is a top choice and better than both SP Jain and IIM Lucknow due to its strong academic curriculum and excellent facilities. It is not only known for its Human Resources (HR) program, which is considered to be the best in India, but also for its Business Management (BM) program, which has a strong track record of 100% placement year after year. Additionally, XLRI has a wide range of placement opportunities for its students. Overall, XLRI is a well-rounded choice for an MBA program. 

The median salary offered to students in the batch of XLRI was INR 30 lakhs per annum, with the top 10th percentile averaging INR 48 lakhs per annum and the top 25th percentile averaging INR 43 lakhs per annum. The top segments for roles offered were Consulting, ITES, E-Commerce, Gaming & Online Services, and Sales & Marketing. XLRI is highly regarded as the best institution in the country for Human Resources (HR) education. HR roles were offered by a wide range of companies, including P&G, HUL, ITC, Colgate Palmolive, Marico, JP Morgan Chase and Co., Google, Samsung, Bajaj Auto, Myntra, Ola, and others. The HR roles offered include HR Consulting, Recruitment, Compensation & Benefits, HR Analytics, and Chief of Staff. Premier consulting firms like PwC, EY, and Deloitte open exclusive HR consulting roles for XLRI students, further emphasizing the trust placed in XLRI graduates as future HR leaders.

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Prakash Gupta Posted On - Oct 30, 2020
Master of Business Administration Degrees, Indian Institute of Management Bangalore (2021)

It depends on the program that one is looking at. If we are talking about general rankings all three institutions are Tier-1 colleges in the country and are counted in the Top 100 colleges in India for Management. 

The table below gives a brief comparison.

Particulars

SP JAIN

IIM LUCKNOW

XLRI

RANKING

18

4

9

FEES

MBA- 17 LACS

EX-MBA- 18 LACS

MBA: 5-19 LACS

EX-MBA: 13-23 LACS

MBA:12-26 LACS

EX-MBA: 4.1 LACS

SEAT INTAKE

240-260

300-350

600-650

Programs offered:

SP Jain:

  • It offers degree, diploma and certificate programs in Management, Business, Finance, IT and Operations. 
  • It also has executive certificate programs in management and development for working professionals.

IIM Lucknow:

  • It offers 4 MBA programs, 2 Executive MBA programs, 3 certificate courses and 1 FPM program. 
  • It focuses on the core of Business and Management studies.

XLRI Jamshedpur:

It has MBA, Executive MBA, Certificate and PhD programs in Business Management with specializations in HRM, Logistics, Operations, Marketing, Finance and General Management.

Faculty:

  • SP Jain: The faculty members are all PhD holders and academic experts in their field of teaching. They help students with doubts and offer a well-developed counselling committee in order to further guide students.
  • IIM Lucknow: The teachers are all professionals in their field of teaching and offer a hands-on approach to business and management by involving industry-based case-studies as part of the curriculum. Some are also advisors at RBI, UN.
  • XLRI Jamshedpur: Tie-ups with universities like Tulane, University of Virginia and many others help include top faculty members from across the globe who are also advisors at the World Bank, Ford Foundation, UN.

Placements:

SP Jain:

  • The average placement rate has been around 80% with the highest CTC of 51 LPA, and average CTC of 26.36 LPA. 
  • The top recruiters are 3M, CITI Bank, Gartner DHL among 100 other organizations.

IIM Lucknow:

  • The general placement rate is 100%. 
  • The major recruiters are Landmark Group, Flipkart, Amazon, Deloitte, Reliance amongst 200 others. 
  • The highest salary offered was 58.47 LPA while the average salary offered was 24.25 LPA.
  • 60% students receive PPOs with average stipend over 80,000

XLRI Jamshedpur:

  • The placement rate is at 100% with the highest CTC of 50 LPA, and average CTC of 22.35 LPA. 
  • The chief recruiters are Boston Consulting Group, E&Y, Airtel, American Express, KPMG and 100 other top companies.

All these institutes aim at curating global leaders to bring about reforms in the industry. They provide top class facilities and a high ROI. It is on the individual to carefully scrutinise and decide which institution to choose.

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