To get into FMS or XLRI, you will need to meet their specific admission requirements and do well on their entrance exams. Here are the specific eligibility criteria for both the institutes'

FMS eligibility criteria to get admission:

• Candidates applying for admission to the MBA program must have pursued at least a Bachelor‘s Degree program after twelve years of formal schooling with at least 50% marks at graduation level.
• SC/ST, OBC, PWD, CW: 45% passing marks as per the University Rules or equivalent CGPA.
• Candidates appearing for the final year examination for a Bachelor‘s Degree may also apply.

Selection for FMS is done through 2 stages

1. Appearing for CAT conducted by IIMs
2. On being shortlisted, candidates are called for the second round which comprises Extempore Speech, Group Discussion, and Personal Interview (PI).

XLRI Eligibility Criteria:

• Recognized Bachelor's degree of minimum three years duration or equivalent in any discipline. Those completing their final examination by June 10 can also apply.
• All Indian candidates can appear for XAT. However, NRI and foreign candidates may apply either through GMAT score or XAT.

To get admitted to XLRI, the following parameters are considered 

• XAT / GMAT Score
• Essay Writing
• General Knowledge
• Academic Performance and Work Experience
• Group Discussion (GD) And Personal Interview (PI)

Some general advice would be to focus on your academics, get good scores in your entrance exams, and work on any extracurricular activities or leadership experience you may have. 

In terms of outlook and objectives, the HRM and BM programs offered by XLRI Jamshedpur differ significantly. The BM program, for example, includes only two courses in Organization Behavior, whereas the HRM program includes three courses in the same subject.

The HRM program is designed to provide you with the knowledge and skills necessary to become a successful HR manager in today's fast-paced corporate environment. As a result, if you want to work in human resources, the HRM program is the best option. XLRI Jamshedpur is regarded as the best HR education institute in India, and being a part of the program gives you access to a rich alumni network of over 60 years, many of whom are in HR roles. This is a significant benefit. Similarly, the BM program has advantages, but the program's objectives differ from those of HRM. If you are admitted, you should not consider any other options.

XLRI and IIMs have different strengths and specializations. IIMs are known for management education, while XLRI is noted for its HRM program.

In 2021, NIRF ranked XLRI 4th in India and IIM Ahmedabad 2nd. Academic reputation, research, faculty, facilities, placements, etc. might affect rankings.

Unlike other business schools, XLRI emphasizes ethics and values. Its alumni network encourages students and helps position them. XLRI and IIMs are major Indian management institutes with different strengths and specializations. They have varied admission standards, programs, and reputations, making comparisons impossible. Preferences, professional goals, and fit determine the winner.

XLRI Jamshedpur is one of the top business schools in India, and its HR program is highly respected in the industry. Graduating from XLRI with an HR degree can open up many opportunities for you in the HR field, including roles in recruitment, training and development, employee relations, and more. The highest international package offered is Rs. 1.1 Crore for the HR domain, and an average package ranging from 19 to 30 LPA with a vast alumni base are the reasons which make the XLRI (HRM) the most sought-after management program in India.

In terms of the difference between HRM and BM (Business Management) at XLRI, both programs have their unique advantages and career paths. HRM is focused on developing skills related to human resource management, while BM provides a broader business education covering different aspects of management.

Ultimately, the choice between HRM and BM at XLRI depends on your personal interests and career goals. Both programs have excellent faculty and resources, and you can be confident in the education you receive at XLRI, no matter which program you choose.

XLRI and IIFT are both excellent. What matters is which one you are able to enter. Simply focus on each exam and consider it important, and you will be admitted. When you have a choice, you can make a decision. In terms of the alumni network, corporate connect, international collaboration, placement, PPOs, and offers, both Business Schools rank higher than many IIMs. 

Although you can consider XLRI slightly better than IIFT because of the following factors:
 
You must take your time, look at each and every possible aspect of both colleges and decide what suits best for your future prospects. You should not blindly follow people’s opinions, rather do what you think is good for you.