If you compare the two institutes purely based on brand value, location, batch strength, etc. then it is clear that NMIMS Mumbai is the better institute. XIMB Bhubaneswar was a much better institute before, but it has lost its old charm now and has been clearly overtaken by NMIMS Mumbai. 

This could be due to the placements on which the students did not concentrate well enough or the institute did not change the course structure according to the market demand or simply that the location and other advantages got NMIMS to a better spot. This is not to say that XIMB Bhubaneswar is bad, in fact, it is better than many other private B-schools, but it has lost itself to NMIMS Mumbai.

Now comparing the two courses, the MBA in Business Management (MBA - BM) from XIMB Bhubaneswar is the core program of the institute with the option of pursuing specializations in operations, marketing, and HR after first year. The HR program in NMIMS Mumbai grooms the students to be future HRs from day one.

As it can be seen, XIMB BM does provide a better average CTC to its students than the NMIMS HR. But the difference is negligible and considering the brand reputation, location and other things such as future growth potential, NMIMS HR is a better choice of the two purely in terms of placement perspective as it is the dominant decision-maker for many students. However, if you are not interested in HR and want to go for other specializations, then XIMB BM is your only choice and is not bad either.