SJMSOM at IIT B was founded in 1995, making it a relatively newer institution. But for a couple of years now, it has been making headlines because of some really outstanding profiles that were provided. Its core competencies are operations and supply chain management. There is no doubt that IIT B is the best choice if you want to work as a product manager. IIT B also has a beautiful campus with excellent facilities.
Additionally, it would give you the opportunity to take part in MOOD-I, the most significant cultural festival in all of Asia, which is held at IIT Bombay. With the well-known tech fests, there is another opportunity for you to participate. Furthermore, there are benefits to living in Mumbai. For guest lectures, the majority of the industry experts live nearby and are easily reachable.
IIM Lucknow was founded in 1984, so it has 11 batches more alumni than IIT B, resulting in approximately 3300 more alumni (considering 300 students per batch on average). It is also the fourth oldest IIM, following A, B, and C. You will gain a lot more industry experience, which will assist you in deciding what you truly want to do. In addition, IIM L offers better opportunities in Sales & Marketing, Consultancy, and BFSI than SJMSOM. Furthermore, you will be networking with a large number of students from all over the country and forming lifelong friendships. Furthermore, the IIM tag for a managerial position has an advantage over the IIT tag, which is still developing.
It would be fine if you went to IIM L, SJMSOM, or any other B school a few years later. When you switch from the first company you get after your placements, the new recruiters will be more interested in your work than in the college you attended. And the impact of your college's name gradually fades. What remains are the lessons you've learned and the memories you've made over the last two years.
All three colleges are on top and choosing one among three is not easy. But I can give you some ideas about them as I have friends studying at these institutes. TISS is one of the most reputed colleges for HRM courses in the country. The top two institutes for HR programs are XLRI and 2nd is TISS. XLRI holds first place due to its history and huge batch size and placements.
NITIE and SOM are the top two colleges in India for operations and supply chain profiles with NITIE being the clear number 1.
So my preference order will be the following.
TISS (HR) > NITIE (Operations & SCM) > SJMSOM (Finance & others)
So, choose wisely based on your preferred domain. And in case you are interested in Marketing, both NITIE & SJMSOM are equally good.
IIT Bombay boasts a long list of notable alumni in various industries. Some of the most eminent figures have been listed below
These famous alumni from IIT Bombay have made the institution's name and are highly considered idols by many IITians.
I think I can give you some insight regarding NITIE and SJMSOM since I have friends from both institutes. Both are nearly identical, however, SJMSOM may be a better choice because NITIE promotes itself as an Operations majors institution, whereas SJMSOM promises to cover all fields. As a result, you may have more prospects in the finance industry at SJMSOM than at NITIE.
The table below has a brief comparison of the two institutes.
Parameters | NITIE | SJMSOM |
Course fee | 13 lakhs (approx) | 9 lakhs |
Placement rate | 100% | 100% |
Average salary package | 19 lakhs | 20 lakhs |
Highest salary package | 46 lakhs | 34 lakhs |
So, going by the above-mentioned factors, I will say SJMSOM may be a better alternative for Finance.
When considering which business school to attend, it can be helpful to think about the impact that the institute will have on your resume. On the one hand, SJMSOM is an older institute that is well-known for its engineering program at IIT. While it may have a strong reputation in certain fields, it may not be as well-known for its MBA program. On the other hand, the newer IIMs, including IIM Ranchi, have not yet fully established their reputations in the business world. While they may have the prestige of being part of the IIM network, they may not yet have the same level of recognition as older institutes.
Ultimately, the value of an MBA degree will depend on what you make of it and the effort you put into your studies and career development. It is important to carefully consider both the reputation and the resources of the business school you choose in order to make the most of your MBA experience.
Both IIM Kozhikode and IIT Bombay SJMSOM are excellent institutions with strong reputations. Choosing one over the other usually depends on your personal preferences and career goals.
Look at the table below for necessary data
Particulars |
IIM Kozhikode |
IIT Bombay SJMSOM |
Fees |
20.5 Lakhs (Total Fees) |
4.91 Lakhs (1st Year Fees) |
Eligibility |
Graduation with 60%+ CAT |
Graduation with 60% + CAT |
Cutoff |
97 |
90 |
Ranking |
79 out of 200 by NIRF |
10 out of 100 (NIRF 2021) |
Highest CTC |
INR 67.02 LPA |
INR 54 LPA |
Average CTC |
INR 31.02 LPA |
INR 28.88 LPA |
Top Recruiters |
Accenture, Amazon, Microsoft |
ICICI Bank, JP Morgan Chase & Co, Deloitte, PwC |
If you are interested in management and business, IIM Kozhikode and have no financial constraints, then IIM Kozhikode is a good choice but if money is the issue, the go for IIT Bombay SJMSOM. Ultimately, the decision should be based on your personal interests and career goals.
Both SJMSOM and IIM Indore are distinguished B-Schools in this league. IIM is a brand name on its own and offers certain perks that make it a better choice.
Hopefully, this would be helpful for you in making the right choice.
My cousin is an alumnus of NITIE and has spent two years in the institute as a student. His opinion is based on professional experience and may not be true for summer and final placements at SJMSOM and XLRI.
A counter-argument can turn up claiming that the companies do not look at the scores. It is up to the students concerned to follow this notion.
IIT Bombay has a brand name for engineering, but NITIE is a prominent brand name for management engineers. NITIE is anytime better than IIT Bombay. Following are the reasons for the same:
Particulars | NITIE (PGDIM) | NITIE (PGDISEM) | IIT Bombay (MBA) |
Fee | INR 11.33 Lakhs | INR 11.33 Lakhs | INR 13.64 Lakhs |
Average CTC | INR 20.84 LPA | INR 16.28 LPA | INR 20 LPA |
Highest CTC | INR 44 LPA | INR 44 LPA | INR 27 LPA |
Overall, as per the above analysis, NITIE Mumbai is a better choice. Even the return on investment is higher than IIT Bombay.
After doing some research on the internet, I would say that NITIE, SJMSOM, and IIM-I have their own pros and cons.
The below table can provide you with the basic information about them.
Category | NITIE | SJMSOM | IIM Indore |
Recruiters | Dabur, ITC, Johnson & Johnson, Marico, etc. | Amazon, Deloitte, Cadbury, Axis Bank, etc. | Abbott, Flipkart, Network18, Accenture, etc. |
Average CTC | INR 20.88 LPA | INR 21.96 LPA | INR 23.6 LPA |
Lowest CTC | INR 20.7 LPA | INR 22.00 LPA | INR 6.00 LPA |
Highest CTC | INR 58.2 LPA | INR 32.80 LPA | INR 41.5 LPA |
Therefore, choosing NITIE, SJMSOM or IIM Indore depends on you and in which field you want to make your career. It will be completely your decision, so play along your strengths.