Jamnalal Bajaj Institute of Management Studies

Hi,
I believe that you have just started preparing for the MBA entrance examinations. I will give you the exact reasons why JBIMS is one of the most sought after B-school in the country.
Locational Advantage: Being situated in the financial capital of India coupled with its 50+ years long tie-ups with the industry, JBIMS enjoys hosting guest lectures from stalwarts of the business world on regular basis. The experiences and insights that they share can be matched by very few institutions.
JBIMS Tag: The brand value of JBIMS is strong. Just like you would prefer buying a TV from a recognized brand like LG, Samsung etc. companies prefer to hire talent from a recognized institute.
Networking: Alumni base of this 52-year-old institution is very strong.
Faculty: Some really great faculty teaches at JBIMS. They have had a rich industry experience and its absolute bliss to attend their lectures in which they teach not just the theory but give actual industry examples.
Placements: The institute has had a proven track record of excellent final placements. I would be lying if I didn't mention this as one of my reasons to join JBIMS.

Both are top B-School of the country in term of infrastructure, placement, faculty and brand name. SPJIMR also have best of placement from the industry as JBIMS. But being a 50 years old Institute JBIMS would be leading the race, leader of the legacy known as "CEO factory", being producing CEO like Chanda Kochar, Uday Kotak and many more top industry leaders presently. So I would suggest doing from JBIMS would be an added advantage, also it has small batch size as compared to SPJIMR so it will be also beneficial for the candidate to excel in small batch as compared to the big batch of SPJIMR. You would be a part of the CEO Factory after getting a tag from JBIMS.
Also, the total fee for the program is also very low as compared to SPJIMR.
So hope this information helps the candidate.
All the best!!

Both institutes are premiere B-Schools of India. NMIMS is much known for marketing and JBIMS much known for finance. But MBA/MMS in any discipline from either institute is good. Both institutes are in Mumbai and industry exposure for students is good in both the institutes. Placements wise JBIMS has a slight edge (placement wise every major financial service company, major banks do come for placements with sought-after profiles. You might not get investment trading desk directly as compared to A, B, and C of the IIMs ) over NMIMS. With regards to admissions perspective, both the institutes have a very high cut-off in CAT. JBIMS accepts MH-CET scores as well and NMIMS accepts NMAT. Check the below link for comparing course fee, placements, students review, facilities offered, seats offered on the below link:-
https://www.shiksha.com/resources/college-comparison-1807-228082.