Which one is better, IFMR OR NIBM?

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.