It depends on which NMIMS you’re talking about. If you’re talking about NMIMS Mumbai. Then I would choose NMIMS. 

Location:  Between NMIMS & SCMHRD, Mumbai is one the best location to do an MBA as a large and good pool of companies will come to the campus.

Brand name- NMIMS has a better reputation and brand value then compared to SCMHRD.  NMIMS stands proud as a Deemed-to-be University offering multiple disciplines across multiple campuses. What started as an institute in a small building has caught the attention of the world, thanks to its 17 specialized schools

Placements - NMIMS Mumbai average package offered to MBA Core and MBA HR students stood at INR 23.07 LPA and INR 19.40 LPA, respectively. 

It is hard to compare one specific major or stream but whatever is in the public domain the general ranking of these three colleges in HR domain quality-wise and RoI-wise is given below in a table.

Below is a table comparing these colleges on absolute numbers like fees, highest package, and average package.

For HR domain XLRI is the best and RoI wise for HR domain TISS is the best.

The answer can be divided into two main parts: Curriculum and Placements.

In terms of Curriculum, TISS is rated as having the best. Colleges whose core degree is not HR will be at a disadvantage when it comes to curriculum.

In terms of Placements, XLRI is ranked as having the best package and profile offerings, followed by a tie between TISS and SCMHRD. The colleges whose core is not HR will not offer as good a package post-MBA as compared to the colleges with core HR competencies.

In terms of packages offered, XLRI can be ranked the highest, followed by SCMHRD and TISS in a tie, and then MDI, SIBM, and XIMB.

Out of all these colleges, IMI Delhi seems to be the best option for a person looking to major in finance. IMT Ghaziabad has been known for its marketing for a long time and SCMHRD, as the name suggests, is an amazing institution for HR. XIMB is also a decent option for finance but IMI seems to edge it out due to the following reasons-

• Intellectual capital: IMI New Delhi is one of the premier B-schools in the country. The faculty of IMI is renowned and they are among one of the best minds in the country.
• Alumni Base: The institute is 42 years old, so the alumni base is very strong. Some of the top leaders of the industry are graduates from IMI.
• Batch Strength: A small batch enhances the overall classroom experience. IMI has a decent batch strength. Neither too big nor too small. PGDM: 235 seats, PGDM BFS: 50 seats, PGDM HR: 45 seats
• Placements: The average package of students at IMI for 2023 was 17.01 Lacs and recruiters for finance included American Express, Bank of America, Barclays, and HSBC among others.

In my opinion, the best option among the given colleges is SCMHRD’s finance. I am not saying this on my own, but the data reflects the results. Let’s check the final placements for each college in the finance area.

The average package offered in the finance area at IMI Delhi is 17.64 lac per annum for the last batch. For IMT Ghaziabad, this figure is 14 LPA. XIMB is a little better than these colleges, with an average package of 20 LPA, but SCMHRD excels all of these with an average package of 22 LPA and the highest package of 27 LPA.

It would certainly depend on whether ROI is an important factor to you or not. SCHMRD and TISS both come under the top tier colleges. 

TISS doesn’t provide an MBA degree but still one of the major HR companies visit the institute for final placements. You need to understand that what you’re paying and what you’re getting in return matters a lot from a longer term perspective. 

The other benefit that you get if you are studying at TISS is their small batch size and less competition. Mind you, I am not saying that competition is not healthy but sometimes, when you’re so focused on gettting the highest package offered and competing against 400 students just like you, you might miss out on the learning experiences.