Which is better for Finance - IIM Indore or XLRI (BM)?

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Aishwarya Anand Posted On - Jan 24, 2023
Former Assistant Manager at Union Bank Of India (2019–2021)

Without a doubt, XLRI Jamshedpur BM takes the overall lead in this comparison. Certainly, the opportunity cost is losing the IIM brand, but when one is an XLRI alumnus, they also stand tall. There are factors that place XL above IIM Indore, which one will realise once they pass out of it. It has a more than 70-year history and a large alumni base.

Furthermore, it has an excellent faculty and all students here are of merit without any reservations, which will provide you with a highly competitive environment and excellent peer learning.

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Anu Oberoi Posted On - Oct 21, 2020
MBA from Xavier School of Management (2020)

XLRI has been accredited by AMBA, AACSB, NBA and has been approved by AICTE. It has been ranked 9th by NIRF in the category Top B-Schools in India. The college offers an MBA in Business Management as a two-year course at a fee of 23.60 Lakhs for the full period.

Indian Institute of Management, Indore has been ranked 7th by NIRF in the category Top B-Schools in India. The institute has tied up with various international universities for exchange programs. The college offers Post Graduate Programme in Management as a two-year course at a fee of 15.01 Lakhs for the full period.

Infrastructure & Facilities

XLRI:

  • The college is built over a massive 50-acre campus. 
  • The college is home to a fully automated library which includes journals, study material, magazines, and various e-learning facilities. 
  • The college has separate boys and girls hostels on-campus. 
  • The college has top-class sporting facilities and various sporting grounds available.
  • Other facilities such as an auditorium, recreation rooms, gym, cafeterias, air-conditioned classes, and Wi-Fi are also provided.

IIM Indore:

  • The college is built over a massive 190-acre campus and has separate boys and girls hostels on-campus. 
  • It has top-class sporting facilities and various sporting grounds available. The institute also has a number of laboratories. 
  • Other facilities such as an auditorium, recreation rooms, gym, library, cafeterias, air-conditioned classes, and Wi-Fi are also provided.

Placements

XLRI:

  • The college has a perfect placement rate of approximately 100%. 
  • Companies such as BCG, Bain & CoMcKinsey, HUL, and P&G are some of the top recruiters which visit the campus for the placement season. 
  • The average salary offered is an impressive 18LPA. 
  • The highest package offered at the college is 40 LPA.

IIM Indore:

  • The college has a placement rate of approximately 90%.
  • Companies such as BCG, JP Morgan, Deloitte, and ICICI Bank are some of the top recruiters which visit the campus for the placement season. 
  • The average salary offered is an impressive 23 LPA. 
  • The highest package offered at the college is 50 LPA.

Both colleges stand toe-to-toe in terms of placements. IIM takes an edge with a slightly superior NIRF Ranking. Both institutes are similar in terms of infrastructure and facilities. IIM, Indore takes an edge with lower fees structure and superior highest placement package. However, a choice between the two may also depend on one's preferences.

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