For management course, as per Careers360 review and ranking, VIT Business school is rated as AAA+ which means Good.  In terms of placement I would suggest you to choose VIT than Jamia Milia.

The admission process in VIT for MBA is through various management exams like CAT, MAT, XAT, GMAT, CMAT etc.

VIT Placements

STATE BANK OF INDIA

COGNIZANT TECHNOLOGY SOLUTIONS

TATA CONSULTANCY SERVICES

HCL TECHNOLOGIES P LTD

SOUTH INDIAN BANK

INDUS IND BANK

KHAZANA JEWELLERY

PAYODA TECHNOLOGIES

KOTAK MAHINDRA

LIFE INSURANCE

TIMES OF INDIA

On an average the placement package is approx 4 lakhs per year.

In Jamia, the average package is approx 3 Lakhs per year and the companies which come for placement drive are:

Air India

DLF

GODREJ

HCL

HDFC Bank

India Bulls

Maruti Suzuki

NTPC

Rest the decision is yours.

Hope this helps.
Good Luck!