FAQโ€บCollege Comparisonsโ€บShould you drop IIM Indore for SPJIMR?...
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Should you drop IIM Indore for SPJIMR?

โœ“Last verified March 2026 ยท Spot outdated data? Email verify@collvera.com
Claude's answer

Dropping IIM Indore for SPJIMR is valid if finance or Mumbai location is your priority, per AMA commentary. At IIM Indore (Rs 16.5L fees, Rs 25 LPA avg, 97%+ CAT cutoff) vs SPJIMR (Rs 26.5L fees, Rs 32 LPA avg, 95%+ CAT cutoff), the SPJIMR placement average is Rs 7 LPA higher at Rs 10L higher fees. The payback difference is 1-2 years. The ranker mentioned "Ive even heard of people dropping Indore for SPJ" - a pragmatic choice. SPJ Finance placements are particularly strong with bulge bracket IB access, rivaling IIM ABC. SPJ's Mumbai location gives networking proximity to BFSI industry. Practical considerations: SPJ is private (no IIM tag), but brand recognition among recruiters is strong. SPJ's 2-year programme with international immersion adds value. Choose IIM Indore if: (

  1. Rs 10L fees differential matters, (
  1. Consulting/gen man focus, (
  1. You want IIM brand recognition abroad. Choose SPJIMR if: (
  1. Finance is target, (
  1. Mumbai location preference, (
  1. Smaller batch (160-220) with more attention, (
  1. You want international immersion experience. At both, target companies like Bain, BCG, HUL, and top IBs. Placement report review: IIM I has wider recruiter base; SPJ has deeper finance-specific recruiters. For same profile 9/9/8 candidate, both offer similar long-term outcomes. Don't overthink - both are "no regret" decisions. Check your eligibility at collvera.com/eligibility
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