IIIT Allahabad is one of the reputed college in India especially for Engineering fields, considering for a MBA program, it would be a mediocre choice. There isn't a strong alumni base of IIIT Allahabad MBA program. Academics would be fine as their must be reputed professors teaching management programs. Previous years it had a 55% placement record and average package being 8 lakhs per annum. If you work hard then you might get a good placement. The 2 year program is very cost efficient at IIIT- Allahabad, that is a good factor.