Both are among the top ten colleges in India. But if I had to make the decision for an MBA in finance, I would choose IIM Kozhikode because of the following reasons:

• General Management over a specialized MBA

• The best recruiters select more candidates from IIM Kozhikode than SPJIMR.

• IIM Kozhikode has the upper hand when it comes to campus life. Although the fees of both institutes are somewhat similar, campus life is far better at IIM Kozhikode.

• The IIM tag is in itself a credit.

SPJIMR has its own features. Located in the metropolitan area, SPJIMR has more connections than IIM Kozhikode. 

Also, the placements for finance specifically are better than IIM Kozhikode. In fact, some companies don’t even get to participate in placement drives as the finance batch gets placed quickly. 

So you will end up looking good in both institutes, just focus on your own convenience.