XLRI has a strong reputation for Human Resource (HR) management and Industrial Relations (IR) studies. If an individual is specifically interested in HR/IR, then XLRI would be a better option compared to NMIMS (Narsee Monjee Institute of Management Studies). However, if you are looking for a general management program, then NMIMS would be a better choice because of its excellent peer group and rigorous curriculum.
XLRI is still a good institute for other streams, but it is more specialized in HR and IR. Similarly, NMIMS is known for its general management program, and it may not have the same level of expertise as XLRI in HR/IR.
It depends on your expectations. Doing a PGCBM will certainly be a good addition to your resume. You will get to learn from some of the leading professionals in the field of management. You will also get the opportunity to network with XLRI alumni. You can benefit a lot if you have a start-up idea and want to learn the ropes of management.
But getting better job offers based on the certification can be difficult. A PGCBM is not as valuable as the flagship programs offered by XLRI, in terms of immediate improvement in career outcomes.