Colleges in Kolkata

Both the colleges are good in their own specialisation -
IIMC:
The course consists of the core curriculum (compulsory credit courses and compulsory non-credit courses), a summer internship (compulsory industry training between first and second year) and elective courses
Electives offered are Behavioural Sciences, Economics, Finance, Human Resource Management, Management Information Systems, Marketing, Management Centre for Human Values
In addition to the above-mentioned electives student also have an option to select from Operations, Public Policy and Management and Strategic Management
Students are provided with an option to opt for Master in Management (MIM) programme from ESCP Europe provided they fulfill the minimum eligibility criteria
JMIU :
JMI (Jamia Millia Islamia, Delhi ) Scholarships and Funding
Dr. A. P. J. Abdul Kalam Scholarship - Under this scheme gross fee charged by the university will be reimbursed to the student subject to the maximum limit of Rs. 10,000 per student per annum. Candidates whose family incomes is less than INR 2 LPA, who have passed 10+2 or completed graduation from a recognised university are eligible for the scholarship.

MTech Cryptography is a brand new course which ISI introduced this year. There is a new centre opened at ISI called RC Bose Institute of Cryptography which will be running this particular course at ISI. But in the subsequent years this course will be highly demanding.
May be the admission in these years will be easy but I can assure you if you can successfully complete the course with decent marks, you will surely be getting a job of an average lpa of 15 lakh and as well as PhD in Indian Institutes as well as universities in the USA.
RC Bose faculties at ISI have good connections in abroad so placements and PhD options wont be a problem in my view.