Diploma in Banking, Finance & Insurance colleges in Mumbai (All) 2026: Admissions, Courses, Fees, Placements

Hi, there are 50+ best Diploma in Banking, Finance and Insurance colleges in Mumbai of which 50+ colleges of which 20+ colleges are owned by privately and 2 colleges are owned by the government. CAT, XAT, ATMA, MAT, MAH CET and NMAT are the top entrance exams for admission to top Diploma in Banking, Finance and Insurance colleges in Mumbai. Finance, Sales & Marketing, Human Resources, Operations, Business Analytics, Financial Planning & Analysis, etc. are the top specialisations for admission to diploma in banking and finance colleges in Mumbai. Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai, Vivekanand Business School (VBS), S.P. Jain Institute of Management and Research, Mumbai, National Stock Exchange (NSE) and GNIMS Mumbai are the top Banking, Finance and Insurance Diploma colleges in Mumbai.

Hi, listed below are the top Diploma in Banking, Insurance and Finance colleges in Mumbai according to popularity:

College Name	Tuition Fee
Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai	INR 1.2 Lacs - INR 14 lakh
Vivekanand Business School (VBS)	INR 9.5 lakh
S.P. Jain Institute of Management and Research, Mumbai	INR 4.5 Lacs - INR 24 lakh
National Stock Exchange (NSE)	INR 1.7 Lacs - INR 4 lakh

Hope this helps!

Hi, it can be observed that pursuing a diploma in Banking, Finance and Insurance in Mumbai can be quite inexpensive as most of the colleges have an average tuition fee of less than INR 1 lakh.

Hi, the top specialisations offered by diploma in Banking, Finance and Insurance colleges in Mumbai:

Top Specialisations	No. of Colleges
Finance	20+
Sales & Marketing	10+
HR	10+
Operations	10+

Hope this helps!

Yes, the cutoff for Welingkar Mumbai has increased. In 2025, the last round cutoff for MBA admission at Welingkar Mumbai was 99.9. For the same course, the last round cutoff was 99.96 in 2024, while in 2023, the cutoff was concluded at 99.93.

Hi, the top PG Diploma in Banking, Finance and Insurance colleges in Mumbai, according to popularity are listed below:

College Name	Tuition Fee
Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai	INR 1 Lacs - INR 14 lakh
Vivekanand Business School (VBS)	INR 9.5 lakh
S.P. Jain Institute of Management and Research, Mumbai	INR 14 Lacs - INR 24 lakh
NSE	INR 1.7 Lacs - INR 4 lakh

Hope this helps! 

Hi, the top UG Diploma in Banking, Finance and Insurance colleges in Mumbai are listed below according to popularity:

College Name	Tuition Fee
Boston Institute of Analytics	INR 1 lakh
EduKart.com	INR 35,000
Indian Institute of Banking and Finance	INR 2,300 - INR 3,600
Xaviers Institute of Business Management Studies, Malad West	INR 13,900
National Institute of Management and Research Studies	INR 47,000

Hi, the top private Diploma in banking, finance and insurance colleges in Mumbai are:

Listed below are the top Diploma Banking, Finance and Insurance colleges in Mumbai with their tuition fee and eligibility criteria:

College Name	Tuition Fee	Eligibility / Exams
Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai Admission	INR 1.2 Lacs – INR 14 lakh	XAT, CAT, CMAT, ATMA
S.P. Jain Institute of Management and Research, Mumbai Admission	INR 5 Lacs – INR 24 lakh	CAT, GMAT
GNIMS Mumbai Admission	INR 6 lakh	CMAT, ATMA, MAT, XAT, CAT, NMAT, MAH CET
Vidyalankar School of Business Admission	INR 7 lakh	MAT, XAT, CAT, CMAT, ATMA
Boston Institute of Analytics Admission	INR 1 lakh	Merit-Based

Disclaimer: This information is sourced from official website and may vary.

 

Hi, given below are the top government Diploma in Banking, Finance and Insurance colleges in Mumbai with their tuition fees and eligibility criteria:

College Name	Tuition Fee	Eligibility / Exam
TISS Admission	INR 96,000	Merit-Based
Garware Institute of Career Education and Development, University of Mumbai Admission	INR 6.6 lakh	Merit-Based

Disclaimer: This information is sourced from official website and may vary.

National Stock Exchange (NSE) provides programmes including PG Diploma, Certificate, MBA/PGDM in streams such as Banking, Finance & Insurance, Business & Management Studies, and are excellent for students to build their careers. The institute has specializations in Wealth Management, Investment Banking, Finance.

Banking refers to accepting and safeguarding the money owned by the entity or individuals.  Finance is a broad term that includes banking, money, capital market and so forth. Insurance is presented in a form of a policy in which an entity or individual receives financial reimbursement or protection against losses. Graduates with a Diploma in Banking, Finance, and Insurance can work in a variety of fields, including banking, insurance, and financial organizations. Banking associates, customer service representatives, insurance sales agents, and financial analysts are common examples of these occupations.

Actuarial Science is a specialised field that employs mathematical and statistical techniques to evaluate and control financial risks across various industries, with a focus on insurance and finance. Actuaries apply their expertise to assist companies in making well-informed choices related to investments, pricing strategies, and risk mitigation. Fresh graduates and experienced professionals are presented with a range of job opportunities in this field, encompassing diverse profiles.

Job Roles	Average Salary
Specialist Officers	INR 7 LPA
Investment Banker	INR 17 LPA
Financial Analyst	INR 5.7 LPA
Insurance Claim Adjuster	INR 3.2 LPA
Financial Consultant	INR 5.9 LPA
Insurance Claims Specialist	INR 3.9 LPA
Insurance Agent	INR 2.5 LPA

Disclaimer: The above mentioned salaries has been taken from Ambitionbox; therefore it may vary in future.

Some of the top recuiters of VBS are mentioned below:

Vivekanand Business School Top Recruiters
KPMG	Edelweiss Wealth	Deloitte
General Mills	Amazon.in	GEP Solutions
Reliance Jio	Berger Paints	ICICI Bank
Accenture	Naurkri.com	IDFC First Bank
DCB BANK LTD	PWC	Godrej Properties
AU Bank Ltd	-	-

 Boston Institute of Analytics offers courses at the UG, PG, and certificate levels. These include- UG Diploma, PG Diploma and certificate courses. All these are offered in various specialisations and through various schools, such as- Management, Technology, Finance, etc. 

Vidyalankar School of Business has a proper placement office at its campus. The placement department at VSB offers placement services along-with may more career related services such as personalized career counseling, resume-building workshops and mock interview preparation. The Placement Office ensures to provide a platform to students wherein they can seamlessly transition into the professional world. 

EduKart.com is a well-known institution for MBA/PGDM, Executive MBA/PGDM, M.J.M.C, LL.M, PG Diploma, M.Sc, M.A, CFA, ITIL, Certificate, M.Com, UG Diploma, B.A, BBA courses. These programs are delivered by highly experienced faculty. As per Shiksha's verified reviews, EduKart.com has a rating of 3.8 on the basis of Shiksha-verified reviews by students. Not just this, it has also been rated 3 on Campus Life, 3 on Placements, 4 on Faculty and 4 on Infrastructure.

Indian Institute of Banking and Finance is a good institution for UG Diploma courses, and these programs are delivered by highly experienced faculty. Major specialisation at Indian Institute of Banking and Finance are Risk Management.

In order to be enrolled into one of GNIMS Mumbai's illustrious Management courses, candidates must make sure that they fulfil the prescribed eligibility criteria. Students looking to take admissions in MMS or MCA must achieve at least 50% in their graduate degrees.

Also, since admissions are entrance-score based, students must have valid scoring in any of the qualifying Management exams: MAH-MBA/MMS-CET)/CAT/MAT/ATMA/CMAT. Separate conditions exist for admissions into the diploma/certificate and the doctorate programs.

After completing the undergraduate level course under Commerce, the candidates can find various jobs at entry or junior level in Accounting, Commerce, Banking and Finance and related fields such as Junior Accountant, Operations Management,  Data Analyst, Research and Development Manager, Information Systems Manager,  Project Manager,  etc..

Also Read: Your Career After Doing a Course in Commerce

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The NMAT Cutoff for Athena School of Management is around 145 to 150. However, even if it is slightly less, you can apply on the basis of your Strong Profile. Athena is located in Hiranandani (Powai), which is known to be a hub for many corporates, banking giants and MNCs. This B School attracts good companies for placement and the smaller batch size enables great personal attention to each and every student along with a higher rate of conversion for placements. It has an innovative course structure which brings out the leader within you. The teaching style tries to develop your personality drastically and by the end of the course you will be ready to face any challenge in the corporate world. Unlike most other B Schools Athena focuses on practical activities like the HR Live Project, Student Societies like Finance, Marketing, Entrepreneurship, Sports and Culture, various Rotaract events and activities, Conferences and Workshops, etc. In the classroom, along with brilliant lectures and case study based learning, the activitie s enable the students to building on their strengths and overcome their weakness like the fear of public speaking, stage fright, lack of confidence, etc. Also, a rare trait, the school offers multiple Indian and International Internships. Infact, many students even get Pre-Placement Offers during their Internships.

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They emphasize professional and vocational training, frequently offering degrees or certificates.

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The cost of some courses, such as "Solidity and Ethereum Smart Contracts," is between 10,000 and 20,000 INR.

Programs in early career can be more expensive; for example, the Relationship Management in Banking programme costs INR 49,560.

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Tata Institute of Social Sciences - School of Vocational Education has been rated 4.5 on Infrastructure parameter. Tata Institute of Social Sciences - School of Vocational Education offers good infrastructure such as Library to students. Tata Institute of Social Sciences - School of Vocational Education has also been rated 4.5 for Campuslife.

St. Francis Institute of Management and Research is a good institution for MBA/PGDM courses, and these programs are delivered by highly experienced faculty. Major specialisation at St. Francis Institute of Management and Research are Finance, Sales & Marketing, Operations.

National Institute of Management and Reasearch studies  provide superior placement opportunities than TISS mumbai .

Reputable educational institutions providing top-notch training and career placement opportunities are TISS in Mumbai and NIMR. However, when it comes to industry preferences and offered salary packages, the placement records of the two institutes are different.

In terms of the quantity of students placed and the average compensation package offered, NIMR has a marginally superior placement record than the other institute, according to their placement reports. NIMR has reported an average placement rate of approximately 90% over the last few years, with the highest salary package offered being approximately INR 20 LPA. However, TISS in Mumbai has observed that around 80% of candidates are placed on average, with the greatest compensation package.