Hello Aspirant,
If we compare ITM Mumbai and ISME both the colleges stands more or less on the equal position. However, when compared on the basis of infrastructure and ROI I'll recommend you to go for ISME as it provides better exposure and has good past placement records. And moreover, whichever college you choose, it always depends on how good a student is in his 2 years of MBA/PGDM and how well the student grab the opportunities provided to him.
Good Luck
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