Both SP Jain and IIM Kozhikode are considered to be reputable management institutes in India, and they have their own unique features and advantages.
SP Jain has a fixed domain system where students have to choose a specific domain like finance or marketing in the beginning, and they cannot change it later. On the other hand, IIM Kozhikode has a flexible curriculum where students take a common first-year curriculum and then choose relevant domain-specific subjects in the second year. This allows students to explore different areas of management before committing to a specific domain.
IIM Kozhikode has the advantage of the IIM brand name, which is considered to be one of the most prestigious in India. However, SP Jain has a more diverse student body as there is no reservation policy and the average placement package is higher than IIM Kozhikode.
IIM Vishakhapatnam, while being a newer IIM, is considered to be behind both SP Jain and IIM Kozhikode in terms of reputation and placements. Ultimately, the decision of which institute to choose depends on the individual student's preferences and career goals.
The placements at SPJIMR take place on the basis of the specialization taken by the students and the companies visit with the same intention. Broadly, the candidates are divided into 2 groups
Freshers: Apart from freshers, this category also includes those with up to 1.5 years of experience. They get offers from Marketing and Finance domains usually.
Experienced: This category comprises people with more than 1.5 years of experience. The roles most offered to them are Investment Banking and Operations.
Apart from work experience, there are many other major factors on which placements depend. For instance,
At SPJIMR, the roles are distributed quite equally despite the work experience gap. Like any other B School, there are toppers as well as lowest-level students. The rest receive an average income.
When compared to the top IIMs, SPJIMR is a rather moderately good B School. Yet the placements and roles offered by the B School are at par with that of IIMs. The major USP of the B School is its profile-based evaluation. This means a certain candidate can make it into SPJIMR even if he was unable to get a high CAT or XAT score of 98-99 percentile provided that his profile is excellent. With the required skills, qualities, and a decent academic record you could get admission and meet not necessarily get a very high CAT score. This gives a wider spectrum for students to showcase their skills other than academics. There are some more key points where SPJIMR fares rather well when compared to IIMs or other B Schools.
Fees: The primary factor that distinguishes SPJIMR from the top B Schools is the moderate fees. SPJIMR PGDM fees for 2 years is ?20.42 Lakhs (Total Fees) while that of top IIMs is above 20 lakhs.
Placements: The entire placement drive is concluded quite fast and is at par with the top IIMs. SPJIMR Completes Final Placements 2023 with 46% Rise in Highest Salary at Rs. 77.8 LPA and 3% Rise in Average Salary at Rs. 33.02 LPA; Accenture, BCG, HUL, Godrej, ITC, KPMG, P&G being the major recruiters.
Batch size: This is an often underestimated aspect when in reality it affects both, placements and the quality of education. SPJIMR batch size is around 300 while that of most IIMs is 350-500. The low batch size results in better bonding between peers and close relations with the faculty.
Location: Located in the Finance capital of India, SPJIMR offers a plethora of advantages. Easy access to CXOs and practitioners gives the learning experience at SPJIMR a practical approach.
Curriculum: The curriculum is unique in the sense that it targets not just the student's IQ but also EQ and creates socially and emotionally aware managers. This unique course curriculum at SPJIMR offers three distinct levels of learning:
Pedagogy: Apart from the regular courses and teaching methodology employed at other premier B Schools, SPJIMR takes five key initiatives in the ‘Non-Classroom Learning’ area which include ADMAP, DOCC, Abhyudaya, PG Lab, and Science of Spirituality.
All these unique aspects make life at SPJIMR a very good experience compared to old IIMs.
It is subjective because it depends on many factors like your goals, preferences, and any other individual constraints you might have. It is hard to compare as both are among the top B-schools in India but below is a table comparing the two in different aspects;
Parameters |
SPJIMR Mumbai |
IIM Calcutta |
Fees |
INR 20.42 Lakhs |
INR 23 Lakhs |
Highest Salary |
INR 77.8 LPA |
Not out yet |
Median Salary |
INR 32.89 LPA |
INR 33.67 LPA |
Average Salary |
INR 33.02 LPA |
INR 35.07 LPA |
Exams accepted |
CAT/GMAT |
CAT |
Batch Size |
300 |
280 |
Top Recruiters |
Asian Paints, Hindustan Unilever Limited, ITC, Accenture Strategy |
Adobe, Flipkart, Amazon, BCG, Goldman Sachs |
IIM Calcutta has slightly higher tuition costs than SPJIMR Mumbai. Different courses are offered by each business school, and IIMC offers more options than SPJIMR Mumbai.
Although IIM Calcutta has a little higher median income than SPJIMR Mumbai, both institutions' average salaries are on par with those of the top IIMs. While the batch size of IIM Kolkata is not shown in the search results, SPJIMR Mumbai has a comparatively modest batch size.
Consulting firms were a popular choice among students, with over 38 percent of the batch being placed in this field. Additionally, more than 21 percent of the Finance Management batch landed roles with Investment Banking and Private Equity firms. The finance domain saw the participation of both domestic and international companies, offering roles in analytics, wealth management, and private banking. In fact, around 20 percent of the Finance batch received offers for Investment Banking and Private Equity roles, which is a record high for the cohort. Prominent recruiters like Avendus Capital, Axis Capital, GEF Capital, Goldman Sachs, and JM Financial rolled out multiple offers to candidates.
Another noteworthy aspect of the placements process was the participation of E-Commerce industry leaders like Amazon and Flipkart. About 12 percent of the batch received offers from these companies, with roles across domains such as Supply Chain and Operations Management, Finance Management, and Management Trainee being offered to students.
Overall, the placements process at SPJIMR in 2022 was impressive and offered students a wide range of opportunities in various domains. If you're considering SPJIMR for your business education, you can be assured of a strong placements process that provides ample opportunities to kickstart your career.
SPJIMR PGPFMB (Post Graduate Programme in Family Managed Business) is a better and clear choice between the two.
This program was launched by SPJIMR in the year 1997, so it is quite a renowned program. This program has a network of 4000+ alumni to take guidance from. This program offers a classroom learning experience, and it last for 18 months.
The fee for the program is 16 lac for 18 months. While the GFMB program was launched recently by SP Jain Global, so if you have a choice, then I would recommend you to go for PGPFMB.
I would say, SP Jain. If you want to go into Marketing, Operations, and Supply Chain, you should go for it. If you want to go into core marketing, you can go to IMT Ghaziabad.
Both are good schools, but if you just look at the rankings, SPJIMR is in the top 10 in India, while IMT is in the top 40. That’s a huge difference.
SPJIMR gets more companies than IMT Ghaziabad. SPJIMR is also the first when it comes to ranking.
Parameters |
SP Jain |
IMT Ghaziabad |
Average Package |
INR 33.02 LPA |
INR 15.28 LPA |
Highest Package |
INR 77.8 LPA |
INR 34 LPA |
Median Package |
INR 32.89 LPA |
INR 16 LPA |
Fees |
20.42 Lakhs |
19.53 Lakhs |
When you follow your interests and passions, the result will be magical. This is the apt answer to your question. The primary importance should be given to your career and interests, not the institution. Of course, institutes play a major role in giving foundational support to excel in your career, but never waste more time in the selection process of the institution. Follow your mind, and if you are not sure about SP Jain, then opt for Great Lakes, as they ensure great academic support and the best infrastructure facilities.
Ultimately the decision is yours but below is a table showing the current fees (as of 2023, because it is not INR 17 Lakhs anymore), the highest salary package, the average salary package, and the median salary package.
Particulars |
SPJIMR Stats |
PGDM Fees |
INR 20.42 Lakhs |
Highest Salary |
INR 77.8 LPA |
Average Salary |
INR 33.02 LPA |
Median Salary |
INR 32.89 LPA |
So, considering the RoI, it is really good, as it is a one-time investment of 20.42 Lakhs and you will be getting anything around 33 LPA (more than that as well) if you can keep yourself in the top 50 percent of the batch or placement numbers.
Apart from that you can try for the sabbatical as well if you are not that confident and would love to work in TATA only as it assures of stability of the job. TATA recruits from SPJIMR as well so, don’t worry much and go for it if the opportunity is available.
If you're a working professional looking to enhance your development and management skills, the Post Graduate Programme in Development Management (PGPDM) from SP Jain Institute of Management and Research (SPJIMR) is a great investment. There are several reasons to justify this claim.
One reason is the sponsorship from leading organizations such as Kherwadi Social Welfare Association, Aditya Birla Group, Kotak Education Foundation, Alert India, Lupin Human Welfare & Research Foundation, Alkem Laboratories, Magic Bus India Foundation, Ashray-Akruti, Mahindra & Mahindra, Association for Democratic Reforms, and Om Creations Trust.
Completing this program can also boost your career opportunities and salary. As per the latest data by SPJIMR, consulting firms offered jobs to 84 participants, the highest number ever reported by the B-School for a batch. Some of the top recruiting companies were Accenture Strategy, Bain & Co., Boston Consulting Group, Deloitte USI, EY, GEP, KPMG, and PwC US Advisory.
Moreover, the data shows that the average annual salary offered to participants this year was Rs. 25.86 lakhs per annum (LPA), which is a significant increase from the previous years. Overall, the PGPDM program from SPJIMR is worth considering for any working professional looking to advance their career in development and management.