ISB caters to working professionals with more than 2 years of experience. If you do not belong to this category, this institution is not for you. 

Now coming to the other options,

The HR program of XLRI is very old and renowned. Because of it, XLRI receives a slightly higher number of recruiters. This boosts its average package. Its limited batch size also benefits its placements. IIMK, FMS and XLRI receive more or less the same companies. But IIMK and XLRI attract MBB (McKinsey, Bain, BCG) for their front end roles, which IIMI and FMS do not. 

Considering all these factors, XLRI is the best choice, mainly because of its small batch size. It is followed by IIMK and FMS, and IIM Indore comes last.

Both colleges have nearly identical fee structures. Top consulting firms such as Mckinsey, EY, and Frost & Sullivan hire from K but not SP Jain. BCG, Accenture Strategy, PWC, Deloitte, KPMG, PRTM, CBC, and others have all visited both. While consulting firms extended 41% of all offers, the median salary increased by 32.5 percent from 2021 to 2022. Consulting emerged as the top recruiting sector at SPJ, with offers extended to 38% of the 238 participants.

In terms of middle office IBD and Wealth Management roles offered by JP Morgan, Deutsche Bank, Goldman Sachs, Bank of America, and Credit Suisse, K clearly outperforms SPJ. However, SPJain had a better scene in corporate finance, with Mondelez, GE, and Vodafone all offering corp fin. In Corporate Banking/Treasury, the number of companies visiting both is equal, with Citi, Yes Bank, ICICI, Axis, IDFC, IndusInd, and others visiting both. JM Financials and Standard Chartered are two brands that do not hire from K for corp banking. For the first time, Deutsche Bank has hired exclusively from K for their corporate banking role, rather than from SP Jain.

IIM K has provided a variety of finance roles, including middle and front-office investment banking, wealth management, corporate banking, and treasury roles, whereas investment banking and wealth management roles are almost nonexistent in SP Jain. They have a higher proportion of corporate finance positions available.

Going forward, with the expected growth and increasing alumni base, IIM K should be clearly a preferred choice over SP Jain for students aspiring to finance and consulting roles.

A direct comparison is not easy because it depends on various factors and preferences of the individual, although both of these colleges are among the best B-schools in the country. 

Below is a table comparing both these colleges on different aspects;

Further the decision is yours and it depends on your goals & preferences. Hope it helps, choose wisely.