Both IIM Indore Mumbai Campus and MDI Gurgaon are very good institutes for Management Studies. Both institutes are on a par with each other on an academic level however there is a slight difference when it comes to job opportunities and such. Another factor is the alumni network. IIM has a better alumni network than MDI.

• The IIM tag will definitely help you in the long run. 
• When it comes to placements companies tend to offer more salaries to IIM Indore students when compared to MDI. According to the recent placement highlights the average CTC offered at IIM Indore is 23 LPA. For MDI, the average CTC ranges around 20 LPA. 
• Even for consultancy job roles, IIM Indore is the preferable choice of the companies.
• IIM Indore has a strong international linkage and is well connected to the nearby industry. 
• IIM is also preferable due to its vast spread network of alumni who are in every major company in every major position spread across the globe.

Due to the above reasons, IIM Indore is better than MDI.