SPJIMR vs IIMA

Detailed comparison of rankings, fees, ROI, placements and admissions.

SPJIMR

S.P. Jain Institute of Management & Research

Mumbai, Maharashtra

NIRF 2025 #20

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IIMA

Indian Institute of Management Ahmedabad

Ahmedabad, Gujarat

NIRF 2025 #1

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Bridge summary

IIMA leads on 7 of 8 measurable metrics. Fit still depends on your profile, city and specialization.

Flagship programme fees

₹24.86Lvs₹27.5L

SPJIMR is ahead

Average CTC

₹31.21 LPAvs₹35.5 LPA

IIMA is ahead

5-year ROI

6.3xvs6.5x

IIMA is ahead

NIRF Management rank

#20 (2025)vs#1 (2025)

IIMA is ahead

Institute

Institute: S.P. Jain Institute of Management & Research vs Indian Institute of Management Ahmedabad
Metric	SPJIMR	IIMA
Location	Mumbai, Maharashtra	Ahmedabad, Gujarat
Established	1981	1961
Institute type	Private Autonomous	Institute of National Importance
Accreditation	AACSB \| AMBA	Institute of National Importance

Rankings

Rankings: S.P. Jain Institute of Management & Research vs Indian Institute of Management Ahmedabad
Metric	SPJIMR	IIMA
NIRF Management rank	#20 (2025)	#1 (2025) (better)
NIRF score	62.06	83.29 (better)
Outlook-ICARE	Not ranked	#1 (2026)
BT–MDRA	#4 (2025)	#1 (2025) (better)
IIRF	#1 (2025 · Private)	#1 (2025 · Govt)

Fees & ROI

Fees & ROI: S.P. Jain Institute of Management & Research vs Indian Institute of Management Ahmedabad
Metric	SPJIMR	IIMA
Flagship programme feesLower is better	₹24.86L (better)	₹27.5L
Programmes offered	PGDM · 2 Years · ₹24.86L PGPM · 18 Months · ₹21L	PGP (MBA) · 2 Years · ₹27.5L PGPX · 1 Year · ₹35L ePGP · 2 Years · ₹20L
5-year ROI5 years of avg CTC ÷ fees	6.3x	6.5x (better)
Payback periodFees ÷ avg CTC	0.8 yrs	0.8 yrs
5-year net earnings5 years of avg CTC minus fees	₹131L	₹150L (better)

Placements

Placements: S.P. Jain Institute of Management & Research vs Indian Institute of Management Ahmedabad
Metric	SPJIMR	IIMA
Average CTC	₹31.21 LPA	₹35.5 LPA (better)
Median CTC	₹30.5 LPA	₹34.59 LPA (better)
Highest package	₹81.0 LPA	₹1.10 Cr
Placement rate	100%	100%
Top recruitersHighlighted = common to both	HUL P&G Goldman Sachs (both) Microsoft Tata Capgemini	McKinsey BCG Bain Goldman Sachs (both) Google Amazon

Admissions

Admissions: S.P. Jain Institute of Management & Research vs Indian Institute of Management Ahmedabad
Metric	SPJIMR	IIMA
Exams acceptedHighlighted = common to both	CAT (both) GMAT	CAT (both)
Primary cutoffHigher means more selective	85+ CAT	95+ CAT
Category cutoffs	General (CAT): 95+ General (XAT): 95+ Profile shortlist: 85+	General: 99.5+ EWS / NC-OBC: 97.5+ SC: 85+ ST: 75+
Admission process	Nov 2025 / Jan 2026 — CAT / XAT Jan–Mar 2026 — Interviews & assessments Apr 2026 — Final admissions	Nov 2025 — CAT examination Jan 2026 — Shortlist & AWT-PI calls Mar–Apr 2026 — Final offers & waitlist

Specializations

Specializations: S.P. Jain Institute of Management & Research vs Indian Institute of Management Ahmedabad
Metric	SPJIMR	IIMA
Streams offeredHighlighted = common to both	Finance (both) Marketing (both) Operations Consulting (both)	General Management Finance (both) Consulting (both) Marketing (both)

Data sources

SPJIMR: Fees: ₹24.86L Indian PGDM (spjimr.org; indicative/subject to revision). Placements 2023–25: audited mean CTC ₹31.21L / median ₹30.5L / highest domestic ₹81L.
IIMA: Fees: IIMA PGP 2025–27 programme fee ₹27.5L (official). Placements: IPRS 2025 mean MEP ₹35.5L / median ₹34.59L (not CTC). PGPX SSH fee ₹35L (2026–27).

Popular comparisons

IIMA

FMS campus — Faculty of Management Studies (FMS), University of Delhi

FMS

TIER 1 • OLD IIM

IIM Ahmedabad

TIER 1 • BEST ROI

FMS Delhi

₹25.0 LakhsFees₹2.1 Lakhs

₹34.2 LPAAvg CTC₹34.1 LPA

ROI 1.4x1st-year CTC / feesROI 16.2x

Bridge Verdict

FMS delivers 11.9x higher capital ROI due to subsidized university fees; IIM-A maintains an unmatched edge in Global Front-End Consulting & PE recruits.

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XLRI

MDI

PREMIER PRIVATE • JSR

XLRI Jamshedpur

CORPORATE HUB • NCR

MDI Gurgaon

₹27.4 LakhsFees₹24.2 Lakhs

₹32.7 LPAAvg CTC₹25.5 LPA

ROI 1.2x1st-year CTC / feesROI 1.1x

Bridge Verdict

XLRI dominates the subcontinent in HR & BFSI placements; MDI provides unmatched proximity to Fortune 500 headquarters in Delhi-NCR with lower living friction.

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