Both the colleges are private institutions and are considered amongst Tier-3 colleges for an MBA degree. The table below draws a comparison between the two institutes based on various parameters.

To conclude, Jaipuria Institute of Management Lucknow is a little ahead of Amity Lucknow in terms of quality of education delivered, industry interface, alumni connect.

Both NIBM and SIMS are considered the best colleges in Pune. NIBM received Asia’s Best Award at World HRD Congress 2018. Whereas, SIMS Pune is ranked 24 for MBA by TOI 2019.

Admissions:

SIMS:

It is an AICTE and NAAC approved college which accepts the admission of graduates above 50% score.

• Admission for the courses is done based on the score of SNAP.

• The rut off for Round 1 SNAP is 77 Percentile.

• There is an availability of 120 seats for admission.

NIBM:

NIBM is an AICTE approved college that accepts the admission of graduates above a 50% score.

• Admission for the courses is done based on the score for CAT/CMAT.

• The final selection is done by the university based on the written ability test (WAT) and Personal Interview (PI).

• The cutoff score of MAT is 94+ Percentile, cut off score of CMAT is 94+ percentile, and the cutoff score of CAT is 80 percentile.

• There is an availability of 120 seats for admission.

Faculty:

SIMS:

• Faculty members in SIMS focus on interactive learning. They use different methods to make classes more engaging and productive even when classes are conducted virtually.

• It involves peer learning, and you get to learn about a lot of things covered in the course curriculum as well as in presentations, workshops seminars, etc.

NIBM:

• The teachers are highly qualified and knowledgeable. Most of the faculty has a doctorate.

• The faculty does not only focus on theory but it makes students industry-ready.

Placements:

SIMS:

• Placements are offered in every field like finance, banking, marketing, etc.

• The average salary package offered in SIMS is 8 LPA.

• Major companies like Deloitte, Google, and Accenture have offered placements.

• The training is provided by the placement cell well in advance for better opportunities.

• The overall salary package here is between 6-13 LPA.

NIBM:

• NIBM Pune has a 100% placement record.

• They provide many internships and social development projects for students to avail of a better job opportunity.

• The highest salary offered was 14.5 LPA with an average salary of 9.44 LPA.

Both SIMS and NIBM are the best and well diverse colleges. There is not much difference based on infrastructure or campus facilities. But there is a well-versed difference in opportunities due to the better ranking of SIMS, which makes it more preferable among students than NIBM. There is also a visible difference in placement records which makes SIMS a better choice than NIBM.

The Indira Gandhi National Open University is a well-established distance learning institute that offers degrees to students in various fields. It is AICTE and NCTE approved. The MBA in Banking and Finance program has been established by the school of Management Studies at IGNOU after an MoU between the college and the Indian Institute of Banking and Finance.

The following points highlight a few important aspects of the program.

Fee Structure, and Eligibility:

• The course duration ranges from 2.5 years to 8 years depending on the time the candidate has to complete the degree.

• A total course fee of INR 37,800 is charged for the degree.

• In order to be eligible for the program, the candidate must pass the CAIIB exam with the required qualifications.

• The applicant must also be working in the banking and finance sector for a period of two years at least and a graduate from a recognized university.

Course Structure and Curriculum:

• The course has a total of 21 courses of which include basic, specialization as well as integrative, and project courses.

• In order to obtain the certificate of completion, all 21 courses must be completed by the student.

• Subjects taught include strategic management, ethics, and corporate governance, research methodology, managerial economics, etc.

• Evaluations are carried out in a continuous manner which constitutes 30% of the degree and the other 70% is determined by the term-end examination.

Job Prospects:

• Since the course is a distance learning opportunity, with effective time management, students can study as well as look for courses on the job market.

• This degree from IGNOU will help in gaining promotion as well as provide a job in the public and private sectors.

• Jobs like factory supervision, operation management as well as managerial positions are available for students.

• Other career options include roles in forecasting, purchasing, inventory management, production planning, etc.

Obtaining an MBA in Banking and Finance will open up a lot of new opportunities and definitely provide a career boost with the convenience of completing the degree at the desired pace.