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: (