XLRI has been ranked 9th for management studies in India by NIRF 2020 whereas FMS, IIM-L has been ranked 35th and 4th position respectively. JBIMS is ranked 23 for MBA by India Today 2019.

Admission:

XLRI:

• XLRI conducts the Xavier Aptitude Test (XAT) every year in the month of January which is followed by PI rounds for admission.

• 95% is the cutoff for male candidates to join the BM program whereas 93% in the case of females for the same.

JBIMS:

• CAT exam and PI round must be cleared to get admission at JBIMS with the minimum graduation score of 50%.

• The previous year cutoff for BM was 96%.

FMS:

• FMS considers CAT scores for MBA admission.

• BM at FMS is most likely to have a cutoff of 98%.

IIM-L:

• For admission at IIM Lucknow, one has to clear IIM-CAT.

• The expected cutoff percentile this year would be around 97-99% for BM.

Placement statistics:

XLRI:

• The batch of 2020 recorded 100% placement with 362 overall domestic and international offers.

• The average CTC was recorded to be 26 LPA whereas the highest package was 58.5 LPA.

• Sales & marketing and BFSI were the top sectors where students were placed. 17% of these roles constituted students from Business Management.

JBIMS:

• JBIMS experienced a 17.6% hike in their average salary from the previous year. The average CTC offered this year is 20.13 LPA where 98% of students applied for placement have got placed.

• The best domestic CTC offered in 2020 is 32.3 LPA.

• 41% of students got placed at BFSI and IB sectors which includes a majority of BM students.

FMS:

• 219 students appeared in the placement session in 2020. Each of them got placed at top-notch companies like Coca Cola, Asian paints, GSK pharma with an average salary of 25.6 LPA.

• 58 LPA was the highest CTC offered which is 10% more than the previous year.

• Consulting, General management, and E-commerce were the major domains where 33% of students got placed.

IIM-L:

• 443 students got placed from the 2020 batch at IIM-L with an average annual package of 24.25 LPA at companies like Flipkart, Deloitte, Accenture.

• The best CTC offered so far is 54 LPA at IIM-L.

• 480 students availed of a summer internship opportunity with an average stipend of 1.2 LPM.

XLRI slightly holds an upper hand for BM when compared to the other three B-Schools. Nonetheless, all four institutes offer quality education, exposure, and good placement.

Both the private colleges give good placements to their students and they also provide good infrastructure. If a choice has to be made between the two colleges, one can look at the information given below.

HR IN NMIMS:

NMIMS is ranked 4th by the outlook in the year 2020 under private management colleges. The college is AICTE approved and the total fees of the course are 20.84 Lakhs (2 years).

Admissions:

• Students in order to secure a seat in the college need to apply for the NMIMS management aptitude test, which is conducted by GMAC.

• The candidates should apply for the GMAT exam and should secure at least 50% marks from any recognized UG university.

Faculty:

The faculties in the college NMIMS are well qualified and have years of experience in teaching.

Placements:

Almost every student in the college was placed.

• The average salary which was offered in 2019 was Rs 13 LPA and the highest package offered was Rs 22 LPA.

• The top companies which visited the campus were Barclays Bank, Centrum, CITI Bank, Credit Suisse, CRISIL, DBS Bank, DHL Express, FedEx Express, Google, HCL, HP, etc.

XLRI Xavier School of Management, Jamshedpur:

The college was ranked 1st by the outlook in private colleges for the year 2020. It is a top-notch private college that offers 32 courses across five streams. The main course (called the flagship course) that is offered by the college is a two-year PG program in business management and HRM. The college also offers one-year online, VIL programs.

Admissions:

• To get into this college for PGDM programs, the college accepts XAT and GMAT marks.

• The shortlisted candidates are selected and called for the final rounds for admissions. The end of the round consists of group discussion and personal interview.

Faculty:

The professors who are present in the college are well versed in their area of specialization and have Ph.D. degrees.

Placements:

The placements of the college are one of the best in the country.

• 100% placement was recorded in the year 2020 for the PGDM course.

• The highest salary went up to Rs 50 LPA and the lowest salary offered was Rs 21 LPA.

Therefore, one can choose a college based on the information given above.

Both NITIE and XLRI are reputed and well-known institutes with exceptional opportunities due to which it is a tough decision to make. However, some points may be taken into account which would be helpful for you to make a decision for your future.

Ranking:

XLRI has reportedly ranked 1st among the top private management universities by Outlook India 2020’s evaluation reports. NITIE has ranked 12th for its MBA program by NIRF’s evaluation in 2020.

Admission:

XLRI:

• Aspiring students have to clear exams including GMAT, XAT, and CAT in order to get admission at XLRI for its MBA program.

• The estimated course fee remains to be around 5-10 Lakhs.

NITIE:

• In order to take admission at NITIE for the MBA program, students have to clear GMAT, CAT, and XAT.

• For the PG Diploma courses, students have to clear the GMAT. The average course fee remains to be around 7 lakh for all the courses.

Scholarships:

XLRI:

• Students at the institute have the opportunity to receive various scholarships such as Aditya Birla Scholarship, Pirojsha Godrej Scholarship.

• Apart from that, on merit-cum-need basis financial scholarship (up to 250000 INR) is provided to those who require it.

NITIE:

Various need basis scholarships are provided to the NITIE students as well.

• 30% of the course fee is reduced for those whose family income is less than 2 lakh 50 thousand and 50% of fee is reduced for those whose family income is or less than 1 lakh.

• Apart from that, teaching assistantship positions are offered to GATE qualifiers. SC and ST candidates receive Central Sector scholarship based on their circumstances.

Placement:

XLRI:

• XLRI offers 100% placements to the students.

• Some of the top recruiters are Aditya Birla Group, Amazon, Microsoft, are ITC, JP Morgan, Ramco Systems, Accenture, ATG Tires, Lodha Group, RPG, Udaan, P&G, Colgate Palmolive, Ola, Myntra, Samsung, Power Finance Corporation among others.

• The highest and medium salary packages remain to be around 50 LPA and 12-15 LPA.

NITIE:

• Top recruiters who offer job and internship opportunities to the NITIE students are ITC, Nestle, Deloitte, Accenture, Cognizant, Hitachi Consulting, and more.

• The highest and medium salary packages remain to be around 38 LPA and 20 LPA. The placement rate is 98%.

Both these institutes provide modern classrooms, advanced necessaries, libraries. Faculty members of both the institutes are helpful. Both boy’s and girl’s hostel accommodation is provided by both the institutes as well.

Jamnalal Bajaj Institute of Management Studies or JBIMS is situated in Mumbai, Maharashtra, and Xavier Labour Relations Institute or XLRI is located at Jamshedpur, Jharkhand. For the year 2020, XLRI was ranked 9th by NIRF in the Management category. JBIMS has been ranked 7th by Business today. 

Admission

JBIMS:

• MMS - Students must have passed graduation with 50% along with MAH CET score. The fee structure for the course is INR 49,980.
• M.Sc Finance - Passed graduation with min. 50% in mathematics at HSC/Degree. The fee structure for 1st-year is INR 3.40 Lakhs.

XLRI 

• FPM - Passed master’s degree/B.E or B.Tech degree with 55-60% marks. The institute charges 5.5 lakhs for the program
• Executive FPM - Passed MBA with 60% marks. The total fee structure for the course is 9 lakhs.

Placements:

JBIMS

• For JBIMS, 41% of students were placed in the BFSI & IB sector, followed by the Technology sector with 19% of the total students being placed.
• At JBIMS, a total of 52 companies were part of the summer internship drive including Axis bank, Castrol, Barclays, Deloitte. 
• The highest stipend was Rs. 5.5 Lakhs and the average stipend was Rs. 1.89 Lakh.

XLRI:

• XLRI has an Alumni base of more than 16,000. 
• In the year 2020, the IT/ITES sector was the largest recruiter with 30% of the total offers.
• 90 XLRI students were placed in the year 2020. 
• The highest international CTC was Rs. 58.22 LPA and the highest domestic CTC was Rs. 26 LPA.

The table given below highlights the overall placement statistics for both institutions:

Campus Life -

• XLRI has an Interdisciplinary Behavioral Lab, designed specifically for the study of human subjects. There are many extracurricular societies and Interest groups like Dracula, SIGMA - Oikos, AXIOM, Bodhi tree, CEASE etc.
• JBIMS has several committees like the STRATEGYM, the CATALYST forum etc and conducts International research conferences.

A better option for finance should be selected by comparing above facts, your perception of the college brand image and the ROI which is on an average 20.14 for JBIMS and  0.65:1 for XLRI.