In a simplified way, it is often said that IIM Lucknow is better and a lot of factors are in favor. However, both NITIE and IIM Lucknow have their fair share of advantages. 

• NITIE is comparably old and has a strong and wide alumni base. And as a student, the alumni base of any college helps immensely. 
• NITIE has a tag of “Mecca for OPS and SCM”. The students in NITIE get job roles in OPS and SCM which sometimes aren't even offered in the big 3 IIMs as per their alumni. So if you are interested in OPS or SCM then they should opt for NITIE. NITIE is a far better choice for Operations and SCM in terms of the course fee, placements, environment, etc. 

Here is a brief comparison of the two institutes. 

Else wise, you can go for IIM L.

Having read some reviews online about IIM Lucknow, IIM Kozhikode, FMS, and MDI, here are some things I got to know which might be useful to you.

• IIM Lucknow and IIM Kozhikode both are older brands. They have a proper recruiter base, alumni network, campus life, infrastructure, and better placements.
• FMS also offers low-cost and decent placement facilities, but students of FMS claim to have no campus life and any eventful experience.
• MDI is considered to be decent. Thankfully they have a better and more happening campus life, unlike FMS. Bain Capability Network recruits at MDI while Bain & Co. go to the other mentioned colleges.

So the order of preference would be IIM Lucknow > IIM Kozhikode > FMS > MDI. This is as per the major rankings including Times B-School categorization. So select the one that matches most of your interests.

You should enroll in NITIE PGDIM because with an SCM background, you will benefit from learning core management. PGDIM at NITIE will focus on marketing, finance, and HR in a more comprehensive manner, giving you a boost due to your SCM background.

Check the following table for a comparative analysis of both programs:

As per the brochure for the IIML-SM course, you will be taught sustainability management, which focuses more on Macro and Microeconomics to sustain business environments. It will not cover core areas of Marketing, Finance, and HR. However, SM is an emerging field in management.

XLRI has been ranked 9th for management studies in India by NIRF 2020 whereas FMS, IIM-L has been ranked 35th and 4th position respectively. JBIMS is ranked 23 for MBA by India Today 2019.

Admission:

XLRI:

• XLRI conducts the Xavier Aptitude Test (XAT) every year in the month of January which is followed by PI rounds for admission.

• 95% is the cutoff for male candidates to join the BM program whereas 93% in the case of females for the same.

JBIMS:

• CAT exam and PI round must be cleared to get admission at JBIMS with the minimum graduation score of 50%.

• The previous year cutoff for BM was 96%.

FMS:

• FMS considers CAT scores for MBA admission.

• BM at FMS is most likely to have a cutoff of 98%.

IIM-L:

• For admission at IIM Lucknow, one has to clear IIM-CAT.

• The expected cutoff percentile this year would be around 97-99% for BM.

Placement statistics:

XLRI:

• The batch of 2020 recorded 100% placement with 362 overall domestic and international offers.

• The average CTC was recorded to be 26 LPA whereas the highest package was 58.5 LPA.

• Sales & marketing and BFSI were the top sectors where students were placed. 17% of these roles constituted students from Business Management.

JBIMS:

• JBIMS experienced a 17.6% hike in their average salary from the previous year. The average CTC offered this year is 20.13 LPA where 98% of students applied for placement have got placed.

• The best domestic CTC offered in 2020 is 32.3 LPA.

• 41% of students got placed at BFSI and IB sectors which includes a majority of BM students.

FMS:

• 219 students appeared in the placement session in 2020. Each of them got placed at top-notch companies like Coca Cola, Asian paints, GSK pharma with an average salary of 25.6 LPA.

• 58 LPA was the highest CTC offered which is 10% more than the previous year.

• Consulting, General management, and E-commerce were the major domains where 33% of students got placed.

IIM-L:

• 443 students got placed from the 2020 batch at IIM-L with an average annual package of 24.25 LPA at companies like Flipkart, Deloitte, Accenture.

• The best CTC offered so far is 54 LPA at IIM-L.

• 480 students availed of a summer internship opportunity with an average stipend of 1.2 LPM.

XLRI slightly holds an upper hand for BM when compared to the other three B-Schools. Nonetheless, all four institutes offer quality education, exposure, and good placement.

IPMX is the flagship program of the IIM Lucknow Noida campus. It is a one-year residential program designed for mid/senior-level professionals and aims to help them prepare them for leadership roles.

Admission:

• The prerequisite for this program is a bachelor’s degree in any discipline with a minimum of 50% aggregate marks and at least 5 years of full-time managerial experience.
• Candidates are shortlisted for admission based on their GMAT score. The final selection of the program is done through a written ability test and personal interview conducted by the institute.
• The course fee of IPMAX for the academic year 2020-21 is INR 23,50,000.

Infrastructure:

The Noida campus has excellent faculty and good infrastructure. With a diverse pool of students, the IIML IPMX program provides an excellent peer-learning process. The IPMAX program currently has an alumni base of over 500.

Placement:

In 2019, IPMAX students witnessed almost 100% placement. The average CTC was around 20 LPA and the median CTC was 18 LPA.