How do the so-called second tier MBA colleges, like NITIE / MDI / IIFT / JBIMS, stack up against the creme de la creme, like IIM A, B, C, L / XLRI / FMS?

There are several misconceptions about B-Schools among the general public, mostly about placement, alumni, faculty, and brand value. There are several excellent institutes in India for management courses, and all the institutes mentioned in the question are among those. 

The points below give some overview about the mentioned institutes:

• Considering the factor of brand value, it is obvious that there is no institute that can defeat IIMs in India. But, for all other factors such as faculty alumni, placement, etc, all the above-mentioned colleges are almost the same, if not better.
• Some of the institutes among NITIE, MDI, IIFT, and JBIMS are even better than some of the newer IIMs in several aspects.
• All of the institutes in the list are among the top 10 B-Schools in India, which makes the level of such institutes quite evident in general.

Therefore, these institutes are in no way backward than the so-called crème de la crème institutes like IIM A, B, C, L, XLRI, and FMS.