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.

Goa Institute of Management, well known as GIM is ranked 48th under the Management category of NIRF 2020. On the other hand, the National Institute of Bank Management (NIBM) is among India's reputed business schools which have been ranked 88th in the 'Top B Schools of India' list. Even Among the top 100 B-Schools of India. Even Symbiosis Institute of International Business (SIIB), Pune is a AAA accredited business school placed at 10th position by The Week for Private MBA.

Admission Process:

GIM

• Candidates must have 50% marks aggregate.
• Final year candidates are also eligible to apply.
• Candidates are shortlisted based on the CAT/XAT/CMAT entrance test score followed by Personal Interview and Achiever's round of scholarship.
• The Basic fee structure for PGDM is INR 17-18 Lakhs.

NIBM:

• Candidates are selected based on CAT, XAT(80%), CMAT(95%) scores, followed by writing tests and interviews.
• The seat intake is around 120 seats.
• The course fee for PGDM is 3.75LPA + 29K (Hostel Charges per annum).

SIIB:

• The basic fee structure is16 LPA.
• The selection is based on the SNAP entrance exam followed by GE/PI.
• Candidates must have a minimum aggregate of 50% score.

Infrastructure:

• GIM is well known for Learning Infrastructure, consisting of IT equipment and high-speed servers. Wide exposure to the central library and other resources and e-journals.Consists of Several Finance Labs and Data Mining Centre.
• In NIBM the campus is centrally air-conditioned and has speed wi-fi service. Cultural festivals are conducted every year. Poses Auditorium, IT equipped laboratories and digital library. Girl's Residentials are fully furnished with strong security 24X 7.
• SIIB has modern infrastructure, spacious classrooms, an auditorium, wifi feasibility, and lots more. Excellent Library access and e-journals.Well furnished hostels for girls/boys.Modernized gym, yoga, and aerobics room.

Placements:

The aforementioned are the basic highlights of the three colleges. NIBM is comparatively cheaper than the other two colleges, whereas, in terms of the package, GIM and SIIB receive higher package offers than NIBM. The choice is up to you.

With the well-versed diversity and well-facilitated campus, both the colleges are in a league of its own. There are very few management institutes that offer specialization in financial studies as a separate course. NIBM and KJ are placed in top among these few Institutes.

Ranking:

• KJ is considered one of the best colleges in India with a 56 NIRF 2020 rank and 5th rank by the Times 2020.

• NIBM is also one of the best in India and is ranked above 100 by NIRF.

Admission:

KJ:

• Admission for the courses is done based on the score for CAT/CMAT/GMAT/XAT with a 50% graduation score.

• The cutoff score of GMAT is 95+ percentile, cut off score of CMAT is 95+ percentile, and cut off score of CAT is 85 percentile.

NIBM:

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

• NIBM Pune also accepts the MAT score. The cutoff score of MAT is 94+ percentile, cut off score of CMAT is 94+ percentile, cut off score of CAT is 80 percentile.

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

Courses Offered:

NIBM:

• NIBM offers a full-time PG Diploma in Management program (PGDM) in Banking and finance and one course in MBA.

• The total fee for the MBA course is about 7 Lakhs.

KJ:

• KJ offers a full-time PG Diploma in Management program (PGDM) in Banking along with finance and 12 different courses in MBA.

• The course fee is about 15 Lakhs.

Placement:

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.

KJ:

• KJ also has a 100% placement record.

• The highest salary offered was 27 LPA with an average salary of 9.50 LPA.

The Faculty is considered better in KJ than in NIBM due to its better ranking. Also, the placement and internship opportunities are more in KJ than in NIBM. So, considering the statistics it can be said KJ is better than NIBM in a few aspects.

National Institute of Bank Management (NIBM) is among India's reputed business schools ranking 88th in the 'Top B Schools of India' list. On the other hand, the Institute for Financial Management and Research (IFMR) is also one of the leading business schools which has been ranked 23 in the 'Top Management Colleges of South Zone' and 53rd under Management Category by NIRF.

The table given below shows a brief overview of both institutions:

Admission Procedure:

NIBM:

• Candidates are selected based on CAT, XAT(80%), CMAT(95%) scores, followed by writing tests and interviews.
• The seat intake is around 120 seats
• The course fee for PGDM is 3.75LPA + 29K (Hostel Charges per annum).

IFMR:

• Candidates should be from the full degree course and must have 60% marks aggregate in their 10+2 and Undergraduate.
• Work Experience is not mandatory.
• Candidates are shortlisted based on scores of CAT, XAT, CMAT, GRE, GMAT.
• The basic fee for MBA in IFMR is in total 17Lakhs, including all living expenses.

Infrastructure :

NIBM:

• The campus is centrally air-conditioned and speeds wi-fi service.
• Cultural festivals are conducted every year.
• Poses Auditorium, IT equipped laboratories and digital library.
• Girl's Residentials are fully furnished with strong security 24X 7.

IFMR:

• IFMR has lush green, environment-friendly, and Wi-Fi enabled campus.
• It also has digitized AC classrooms.
• The hostels are fully furnished with an attached bathroom and geyser.
• Convenient Access to the library, hospitals, stores, etc.

Placements:

NIBM:

• NIBM assures 100% placement.
• The highest package calculated is around INR 18.8 LPA
• INR 8.70 LPA is the estimated average package in NIBM.
• Axis Bank, Deloitte, Federal Bank, State Bank of India, HDFC Bank are some of the prominent recruiters of NIBM.

IFMR:

• IFMR ensures 99% placements for its students.
• INR 13.6 LPA records to be the highest package.
• The average package in IFMR is INR 10.8LPA.
• Maximum students get placed under Finance, Marketing, Financial Engineering, HR, General Management, and Operations.

Both colleges are pretty good with decent placement percentages. In terms of package and fee structure, NIBM gets pretty good package offers and is relatively cheaper than IFMR.

NIBM that is the National Institute of Banking and Management Pune is considered one of the best in the country and ‘The Best’ in the state. NIBM received Worldwide Achievers’ Award for a good performance at B-School in Banking and Finance. The criteria for admission at the institute are as follows.

Criteria for Admission:

For Admission, every individual has to follow the basic guidelines put forward by the university authorities.

• NIBM is an AICTE approved college that accepts the admission of graduates above 50% score or equivalent CGPA by any MHRD recognized college or university.

• Students are shortlisted for admission based on the score for CAT/CMAT/XAT.

• After that, the shortlisted candidates have to give the Written Ability Test (WAT).

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

• These selected students have to send an email to the University by sending RS 1 lakh for the confirmation of acceptance.

Cutoff:

The University provides its cutoff based on the exam and performance. This cutoff is not fixed, it changes every year. The average cutoff is as follows.

• The Cutoff score of MAT is 94+ Percentile.

• The Cutoff score of CMAT is 94+ percentile.

• The Cutoff score of CAT is 80+ percentile.

There is an availability of a total of 120 seats for admission per year. The application fee is INR 1500. NIBM Pune selection centers for admission are at Bangalore, Delhi, Pune, Mumbai, Kolkata, Lucknow.

National Institute of Bank Management (NIBM) is among India's reputed business schools well known for Finance and Banking whereas the Institute of Rural Management Anand (IRMA) is a Premier Business School especially known for Rural Management. IRMA has bagged a NIRF Rank of 72 and NIBM has been ranked 88th in the top B-Schools list. It has been ranked 8th among top colleges of Hyderabad by The Week and Business Today.

The table given below shows a brief overview of both institutions:

Admission Process

NIBM:

• The fee structure for the entire duration of 2 years is INR 12,00,000, involving hostel and mess charges.
• The seat intake is around 120 seats.
• Online Application Mode.
• CAT,XAT(80%),CMAT(95%) exams are accepted here.
• Followed by writing tests and interviews.

IRMA

• Admissions in ISBR is based on the ISBR written performance, Group Discussions, and Interview. 
• IRBM costs 4LPA for MBA/ PGDM.

Infrastructure

NIBM:

• The campus is centrally air-conditioned and speeds wi-fi service.
• Cultural festivals are conducted every year.
• Poses Auditorium, IT equipped laboratories and digital library.
• Girl's Residentials are fully furnished with strong security 24*7.

IRMA

• The campus is equipped with state-of-the-art facilities like lecture halls, seminar rooms, a library, an auditorium,
• Supports formal training and development center, hostels, a student activity center, faculty & staff housing, a dispensary, etc.

Placements

NIBM

• NIBM assures 100% placement.
• The highest package calculated is around INR 18 LPA
• INR 10 LPA is the estimated average package in NIBM.
• Axis Bank, Deloitte, Federal Bank, State Bank of India, HDFC Bank are some of the prominent recruiters of NIBM.

IRMA

• IRMA's highest package records to be INR 13 LPA.
• INR 5.9 LPA is estimated to be the average package.
• The placement rate was measured to be 80%.

The placement range of both the institutes is pretty the same. With respect to Brand Value, IRMA has an edge over NIBM. But many people lack interest in Rural Management. Hence the choice is up to you and your area of interest.

National Institute of Bank Management, Pune is an autonomous institute established by RBI & banks and got recognition by AICTE, from 2013 onwards.

AIMS Institute of Management studies won two awards in 2019. Best innovative management institute in Pune by world education summit and Fast emerging institute for a management course in Pune by SDF international excellence.

Admissions:

NIBM

• The college accepts students based on the CAT, XAT, and CMAT scores with 50% in the bachelor's degree.
• The total fee for MBA in Banking and financial services is 10.23 lakhs.

AIMS

• The college accepts students based on any CAT, MAT, CET, CMAT, AMMI, ATMA, and XAT score with 50% in graduation.
• The total fee for MBA in Finance is 3.69 lakhs.

Faculty:

• Faculties of both NIBM and AIMS are highly qualified and knowledgeable. 
• Every faculty has a doctorate degree in their respective fields of both the college. 
• Faculties provide excellent knowledge to the students, and they teach about the work culture of the corporate world.

Placements:

NIBM

• The placement rate of 2020 is about 100% with the highest package of INR 22 LPA, the average package of INR 9.67 LPA, and the minimum package of INR 6 LPA.
• College does provide internship opportunities and the highest stipend of summer internship 2020 was INR 56000.
• Top recruiters for summer internship 2020 are Axis Bank, State Bank of India, Reserve Bank of India, Federal Bank, Induslnd Bank, Deloitte, Canara Bank, BAJAJ Finserv, HDFC Bank, IDBI Bank, etc.
• Top recruiters of 2020 are Accenture, Aptivaa, Axis Bank Limited, Airtel Payments Bank, Bandhan Bank, HSBC, HDFC, IDBI Bank, Kotak Mahindra Bank, Cognizant, Deloitte, Fincare, Federal Bank, IDFC First Bank, KPMG, Surya, Wipro, etc.

AIMS

• The placement rate of last year is about 100% with the highest package of INR 30 LPA and the average package of INR 6 LPA.
• Top recruiters of 2019 are Aditya Birla Group, Bank of America, HCL, IBM, India Oil, Infosys, TCS, TATA Motors, Voltas, Wipro, V.I.P, Indiamart, Indiabulls, ICICI, L&T, CEAT, FIAT, Tech Mahindra, Future Group, etc.

Above are all the basic details to compare the college, choose as per your requirements. NIBM provides more opportunities for internship and placements whereas AIMS is more affordable.