What would be better for an above average student interested in finance, IIM Kozhikode or SP Jain?

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Sidhharth Jain Posted On - Nov 17, 2022
IIM Kozhikode 2014-16

Both colleges have nearly identical fee structures. Top consulting firms such as Mckinsey, EY, and Frost & Sullivan hire from K but not SP Jain. BCG, Accenture Strategy, PWC, Deloitte, KPMG, PRTM, CBC, and others have all visited both. While consulting firms extended 41% of all offers, the median salary increased by 32.5 percent from 2021 to 2022. Consulting emerged as the top recruiting sector at SPJ, with offers extended to 38% of the 238 participants.

In terms of middle office IBD and Wealth Management roles offered by JP Morgan, Deutsche Bank, Goldman Sachs, Bank of America, and Credit Suisse, K clearly outperforms SPJ. However, SPJain had a better scene in corporate finance, with Mondelez, GE, and Vodafone all offering corp fin. In Corporate Banking/Treasury, the number of companies visiting both is equal, with Citi, Yes Bank, ICICI, Axis, IDFC, IndusInd, and others visiting both. JM Financials and Standard Chartered are two brands that do not hire from K for corp banking. For the first time, Deutsche Bank has hired exclusively from K for their corporate banking role, rather than from SP Jain.

IIM K has provided a variety of finance roles, including middle and front-office investment banking, wealth management, corporate banking, and treasury roles, whereas investment banking and wealth management roles are almost nonexistent in SP Jain. They have a higher proportion of corporate finance positions available.

Going forward, with the expected growth and increasing alumni base, IIM K should be clearly a preferred choice over SP Jain for students aspiring to finance and consulting roles.

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Ritvik Paul Posted On - Sep 21, 2021
Studied MBA in General Management & MBA in Marketing & Operations at Indian Institute of Management Kozhikode

If you are not obsessed with having an IIM tag, I suggest you go for SPJAIN over IIMK. Here are the reasons why. 

  • Brand value: SPJAIN has been performing exceptionally well in the past few years. In the coming years, the brand value is surely going to rise.
  • Location: Location plays a pivotal role during placements and SP Jain is located in Mumbai, which is the hub of all finance jobs in India.
  • SP Jain also has a great placement record. According to the 2021 placement report, the average CTC offered at the institute was 26 LPA. 

However, I am pretty sure you will perform well in whichever college you choose. A branded college provides you with a good platform in the industry but then, it is only in the initial years. Later, it all depends on you and your long-term goals, desires, and aspirations.

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