Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM], Mumbai

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. 

MDI will be a better option for all specializations, except Operations. If you are interested in Operations, IIT Bombay is much better. MDI Gurgaon placements are excellent. Big names such as Bill & Melinda Gates Foundation, and BCG have visited the campus placements. The 2022 placement drive had an average CTC of INR 26.65 LPA. 

MDI offers the best placement in the finance domain after IIM A, B, C, FMS, and XLRI. JP, HSBC, Nomura, Stanchart, etc. are some of the major recruiters from the finance sector. 

MDI placement records for Marketing are good as well. HUL, Coke, Pepsi, and P&G are some significant recruiters from the marketing sector. 

My cousin recently graduated from SJMSOM and has begun working at Fidelity Investments as a Delivery Manager for almost 3 years now. He suggests going for SJMSOM only if, 

• You essentially prefer studying amidst a comparably smaller batch size.
• You further want to be at the Financial Capital, for either internships or job purposes.
• You prefer going for the best infrastructure and basic amenities.
• You can enjoy the brand value likewise.

You can opt for IIM Indore only if you prefer the following,

• You are confident that you can compete and stand out with a larger batch. 
• You will receive the major brand value that comes along with IIMs.
• You want to secure a seat at one of the best management institutes.
• However, the placements of either institute are somewhat similar, with relevant recruiters visiting both campuses occasionally during placement seasons.
• Both the institutes offer exchange opportunities as per schedule.

Here is a brief overview of both SJMSOM and IIM Indore. 

Both institutes are reputed so take a call based on your personal preference. 

I have friends in all the 3 institutes so I happen to be the right person to answer your question 

A friend in NIT Trichy told me that the lectures are boring and the professors are incapable of delivering the concepts in a skillful manner. Most of them are hardly interested in teaching and offer no individual assistance. Only a few exceptional professors help you here. 

Meanwhile, my friends at BITS Pilani and IIT Bombay were all praised for their respective institutes. 

• These institutes offer better job opportunities and exposure in the form of scholarships and internships.
• The research culture at these institutes is yet another reason to prefer them over NIT Trichy.
• The crowd quality of these institutes cannot be compared to the crowd at NIT Trichy. IIT Bombay is the best IIT and attracts the highest JEE rankers while BITS Pilani with its no-reservation policy only accepts the cream crowd.
• These institutes provide a path for their students to inculcate and harness their talents. NIT Trichy fails to realize the potential of its students and only focuses on theoretical learning. 

So yes there is a huge difference in the quality of education and opportunities offered by the aforementioned institutes. However, in the long run, it’s your skills and talents that matter. 

Among these colleges, IIFT Kolkata or MDI will be better for Finance. According to MDI Gurgaon placements 2022 record, BFSI, and E-Commerce sectors had placement rates of 22% and 13%. During 2021 placement drive, 55 students from MDI were placed in the Finance sector. The highest CTC offered in this sector was INR 21-23 LPA. 

You can also consider IIFT Kolkata. It offers similar opportunities as IIFT Delhi, in the Finance sector. During IIFT Kolkata Summer placements 2021, the top recruiting sector was BFSI.