It is no longer the case that the "IIM" brand carries the same weight for all business schools. Each individual Indian Institute of Management (IIM) now has its own distinct brand value and perception, and the word after the "IIM" tag is what will truly matter. For example, IIM Ahmedabad will have a different brand value from IIM Lucknow, which will be different from IIM Kozhikode or IIM Shillong, and so on. With the expansion of the IIM network, with a goal of having an IIM in every state, it may become less meaningful to be accepted into an IIM in general.
Generally speaking, older business schools tend to have more and better opportunities than IIFT due to their larger alumni networks and longer histories of the establishment. Additionally, business schools located in metropolitan areas may have better accessibility for recruiters, leading to more favorable placements for students.