SPJIMR is superior to IIM Lucknow. Of course, IIM Lucknow is a larger and more well-known brand, but the program and course structure at SPJIMR is excellent. They have an updated curriculum that is in line with industry demands.
The small batch size is a significant advantage at SPJIMR. The student-teacher ratio is favorable, and interaction between the two is required. They have ethics-based learning, a rural internship program with an NGO, and a 3-week course for the entire batch at top business schools in the United States. All in all, it is a well-designed course. Because of the Batch size advantage, the average placements are also better. After all, placements are important. But it all comes down to personal preference. You could make a reference to a larger brand. Non-MBAs/aspirants may be unaware of the opportunities available at SP Jain. However, you can rest assured that your MBA journey at SPJIMR will be fruitful.
When given the opportunity of choosing between SPJIMR Finance and IIM Lucknow many students simply opt for IIM Lucknow. The reason behind this is pretty simple and that is the appeal that comes along with the IIM tag.
Also, there is a small issue with SPJIMR that is, the students need to choose their specialization while applying before joining itself. While this might seem fine for a few who are determined what they need to choose, unlike many. Many of the students are not clear on what to choose and end up playing safe by going with IS or operations based on their work experience. Some even apply for Marketing or Finance without knowing what they’ll be doing after their MBA.
Generally figuring out the specialization is a tedious task that requires a lot of information and decision making. It can be figured out after doing common courses and electives in the 1st year. Then you can opt for your specialization based on your interests. Thus, IIM Lucknow might have an advantage for many compared to SPJIMR.
Placements wise too SPJIMR Finance offers better roles in reputed organizations that are comparable to IIM Lucknow. The placement data for the 2020 batch are as follows,
College |
No. of students |
No. of Recruiters |
Highest Package |
Average Package |
Median Package |
IIM Lucknow |
443 |
140 |
54 LPA |
24.25 LPA |
23 LPA |
SPJIMR |
238 |
122 |
51 LPA |
26.36 LPA |
25 LPA |
Considering all the facts one can opt for IIM Lucknow over SPJIMR Mumbai due to the flexibility and the value it offers with its MBA program.