1) Is it a top-notch B-school? Ans: No, its not. It is a nice B-school but doesn't come close to top 20 at least. It can be ranked close to 30th.
2)What is the value of a degree from Amity Institute in the job market? Ans: The value is better than many other C Grade colleges. But, as is evident, doesn't come in the top 20. Awareness about the existance of the college is good but not about the quality.
3)Do they have job placements on campus? Ans; Yes, they have placements in campus but the same is not vary attractive. If you are a good student,you can get a CTC close to Rs. 300000pa. Its not very attractive,specially, if you consider the cost involved (Its huge). You should go there only if you don't have a choice.
4)How expensive would it be to study here? Ans; As i have told you earlier, the cost involved is huge and returns are not great. You might end up spending 6-7 lakh in two years.
5)Would you recommend that he do his degree from here or would you suggest another B-school? Ans: I won't recommend him to join amity. He can join colleges like IIM, Spjain, Nirma, IIT, FMS, etc.