Our Business Schools Series was conceptualized with the idea of addressing the queries of students and also helping them make decisions wisely. In this Series we will be comparing SPJIMR vs IIM Lucknow vs IIM Kozhikode vs FMS.

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In this list of comparative B Schools : S P Jain Institute of Management and Research established in 1981 in Mumbai is ranked 20 in NIRF Ranking 2025. SPJIMR is specialised in PGDM and PGDM-BM.

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IIM Lucknow Ranked 7th in NIRF 2024 is specialised in MBA in AI and Sustainability, Whereas IIM Kozhikode is to look forward for PGP – Finance, PGP -Liberal Studies and Management, PGP – Business Leadership. IIM K is ranked 3rd in NIRF Rankings. FMS, Delhi founded in 1954 is one of the oldest B schools of our country formed under the aegis of University of Delhi, offers MBA.

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In terms of Fees, FMS Delhi has the minimalistic fees of around Rs 2.0 lakh, SPJIMR has a fee of Rs 21 Lakh followed closely with IIM Kozhikode and IIM Lucknow at Rs 20.5 Lakh and Rs 20 Lakh.

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Whereas with an Average CTC of Rs 34 LPA and Highest CTC of Rs 1.23 Cr FMS Delhi, leads the pack. Next in line are IIM Kozhikode and SPJIMR at an Avg CTC of Rs 31 LPA and Rs 33 LPA and Highest CTC of Rs 78 LPA for IIM Kozhikode and Rs 77.8 LPA for SPJIMR. IIM Lucknow has an Avg CTC of Rs 31 LPA and Highest of Rs 58 LPA.

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The Intake Capacity of IIM Kozhikode is highest at 550 seats followed by IIM Lucknow with 500 seats. SPJIMR has an intake capacity of 300 seats and for FMS it is 220.

All the B schools accept scores of CAT and GMAT scores. The CAT cut off of FMS is 99 %tile, whereas it is 90%tile for both the IIMs and 85%tile is for SPJIMR. IIM Kozhikode has the maximum Faculty strength of 105 with a student Faculty Ratio of 5.23, followed by IIM Lucknow with 90 Faculty strength and 5.50 ratio. SPJIMR has a Faculty strength of 76 and student ratio of 4.4; FMS Delhi has a Faculty- Student Ratio of 5.36 with 41.

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In terms of ROI (which is usually calculated as a comparative of Fees and other costs invested viz -a-viz Placement Salary) it can be clearly seen FMS , Delhi is way way ahead of other B -Schools with the minimalistic Tuition Fees.

SPJIMR vs IIM Lucknow vs IIM Kozhikode vs FMS

B - Schools	SPJIMR	IIM Lucknow	IIM Kozhikode	FMS
Established	1981	1984	1996	1954
Location	Mumbai	Lucknow	Kozhikode	Delhi
NIRF Ranking 2025	20	5	3	N.A
Specialisation	PGDM, PGDM BM	PGP, PGP Sustainability, MBA AI	MBA, MBA Finance, BL	MBA
Fees (In Lacs)	26.5	20	20.5	2.2
Avg CTC'25	32	32.3	N.A	N.A
Highest CTC'25	89	75	N.A	N.A
Avg CTC'24	33	32.4	29.5	N.A
Highest CTC'24	81	58	65	N.A
Avg CTC'23	33	31	31	34
Highest CTC'23	77.8	58	78	123
Avg CTC'22	26	30	29.5	32.4
Highest CTC'22	53.1	56	N.A	58
Exam Accepted	CAT/GMAT	CAT/GMAT	CAT	CAT/GMAT
CAT/XAT/GMAT Cut off	85	90	90	99
Seats	360	500	550	220
Full-Time Faculty	99	90	105	41
Student Faculty Ratio	3.6	5.5	5.23	5.36

SPJIMR Placement 2025: Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management and Research (SPJIMR) concluded placements for its Post Graduate Diploma in Management (PGDM) and the first Post Graduate Diploma in Management – Business Management (PGDM (BM) batch of 2025.

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IIM Lucknow Summer Placement 2024-2026: The Indian Institute of Management Lucknow (IIM-L) is the first Business Schools of India that release the he summer placements for the 2024-2026 batch, students of the 40th batch of Postgraduate Programme (PGP) and 21st batch of PGP-Agribusiness Management (ABM) programs have secured 576 offers.