10 Popular MBA in Finance Colleges in India
Here's a list of 10 popular MBA in Finance colleges in India other than the IIMs. Check out their fees and selection process.
MBA in Finance Colleges in India
In the latest installment of our MBA specialisation series, Marketing and HR, we turn our focus to Finance, one of the oldest and top MBA specialisations. As the backbone of the economy, Finance encompasses a wide array of studies, including corporate finance, government finance, and the banking and insurance sectors. This field requires strong accounting, quantitative, and analytical skills, alongside a solid understanding of economic principles. In this list, we highlight the top 10 MBA in Finance colleges in India, excluding IIMs and other B-Schools where Finance is a specialization option available in the second year. Let’s explore the leading colleges that provide specialized education in this crucial domain.
Also Read: MBA specialisation guide
What is MBA in Finance?
MBA in Finance is a specialization offered by various B-schools that imparts knowledge on management, control, and review of the collection, investment, and money resources. The course helps the aspirant to learn to analyse the company's reports, forecast economic trends, how to maximise the stock values, balance risk and profitability and at last investment portfolio management.
Top 10 MBA Finance Colleges In India: Eligibility and Course Fee
Check some of the best MBA Finance colleges in India which offer the best curriculum along with their course fee, average package and eligibility below:
1. SP Jain Institute of Management and Research, Mumbai (All): PGDM
SPJIMR’s biggest advantage is that they believe in constantly upgrading to meet market needs and claim to have the highest industry integration quotient. Because of its presence in the financial capital of the country, SPJIMR classrooms become virtual companies as the industry is easily within reach. The University Grants Commission (UGC) and the All India Council of Technical Education (AICTE) recognise the institute. The programme is designed in such as way that students will acquire financial skills that will help them in strategic planning at top management levels across firms and organizations.
| Fees |
Exam Score |
Average Package |
|---|---|---|
| INR 22.50 lakh |
INR 81 LPA |
Institute of Public Enterprise was established in 1964 under the aegis of the Indian Council of Social Science Research (ICSSR, MoE, GoI). Institute of Public Enterprise (IPE College) is one of the only 500 colleges worldwide to have been awarded the Affiliate Member status by the Brussels-based European Foundation for Management Development (EFMD). The institute is approved by AICTE (All India Council for Technical Education) and AIU (Association of Indian Universities) and accredited by the NBA (National Board of Accreditation) and the South Asian Quality Assurance System. The college is famous for its placements and scholarship assistance.
2. Narsee Monjee Institute of Management Studies, Mumbai: MBA (Banking)
‘Strategically located’ is the first thing every student mentioned to Shiksha. Being located in Mumbai, Narsee Monjee Institute of Management Studies (NMIMS) has an active corporate interface. According to students, “NMIMS is one of the few colleges that offer specialisation in Banking. All the facets of the finance domain, such as corporate finance, insurance and risk management, etc., are covered. Even companies coming for placement are very optimistic about the students of this specialisation. With the RBI giving a license to 20-15 more banks, the course has become more important.” NMIMS is ranked 21 MBA by NIRF 2024 Ranking.
| Fees |
Exam Score |
Average Package |
|---|---|---|
| INR 13 lakhs to INR 25 lakhs |
INR 67.70 LPA |
3. KJ Somaiya Institute of Management Studies and Research, Mumbai: PGDM (Financial Services)
“PGDM (FS) offers a unique integration of management concepts in financial markets and techniques followed for market analysis and practices as well as policy formulation. The overall objective is to prepare and enhance the knowledge of the participants in the domestic as well as global financial services which enable them to understand the market complexity and take effective decisions,” informs the official website. KJ Somaiya Institute of Management Studies and Research is ranked 65 for MBA by NIRF ranking 2025. The renowned institute also conducts various customised Management Development Programmes and Faculty Development Programmes.
| Fees |
Exam Score |
Highest Package |
|---|---|---|
| INR 23.32 lakh |
CAT, CMAT |
INR 28.25 lakh |
4. Lal Bahadur Shastri Institute of Management (LBSIM), Delhi/NCR: PGDM (Finance)
Lal Bahadur Shastri Institute of Management (LBSIM) course curriculum includes investment management, treasury management, risk management, strategic accounting and control. The institute offers dual specialisation in finance. LBISM is the second institute to set up a terminal (financial laboratory) with Bloomberg. LBSIM is a premieri institute of management and information technology education.
| Fees |
Exam Score |
Average Package |
|---|---|---|
| INR 16.50 lakh |
CAT , GMAT |
INR 16.67 LPA |
5. Xavier Institute of Social Service (XISS), Ranchi: PGDM (Finance)
Xavier Institute of social Service (XISS) was established as an extension of St. Xavier's College, Ranchi. Check the course details below:
| Fees |
Exam Score |
Average Package |
|---|---|---|
| INR 8.93 lakh |
INR 17.70 LPA |
6. International School of Business & Media (ISB&M), Pune: PGDM (Finance)
International School of Business and Media (ISB&M) focus is on training, developing skills, and understanding financial markets. The candidates are allocated activities to be solved within a budget. This allows them to gain practical knowledge of theories they read in the books.
| Fees |
Exam Score |
Average package |
|---|---|---|
| INR 12.2 lakh |
INR 20.56 LPA |
The Narsee Monjee Institute of Management Studies, Navi Mumbai is famous for it's graduation and post graduation courses in Management and Business Administration, Engineering, Technology, Architecture, Pharmaceutical Science, Hospitality Management, Law, Mathematical Science and many more.
Yes, IPE Hyderabad is worth joining. Institute of Public Enterprise, Hyderabad has been recognised as a Center of Excellence by the Indian Council of Social Science Research (ICSSR), Ministry of Education, and Government of India. Institute of Public Enterprise, Hyderabad is ranked one of the Top Private B-Schools in Hyderabad by Outlook- ICARE Rankings for 2023. It is a very good college as it offers placement assistance and scholarships to students belonging to various courses. Currently, admissions are open and the candidates applying for admission are many so prior preparation is important. For this, candidates can check the MAT 2023 Question Papers, Previous Year MAT Question Paper PDFs (2022, 2021) and prepare accordingly for the exams.
7. National Institute of Bank Management, Pune: PGDM (Banking & Financial Services)
National Instititue of Bank Management (NIBM) is one of the very few institutes in India that offers PGDM in a specialization such as Banking & Financial Services. The programme is aimed at providing to the financial system, on a regular basis, a pool of talented young executives who are thoroughly trained in Foundations, Analytical Skills and Perspectives in Banking and Finance and fully prepared to shoulder managerial responsibilities in the banking and financial sector.
| Fees |
Exam Score |
Average Package |
|---|---|---|
| INR 16 lakh |
CAT , MAT , CMAT |
INR 26.50 LPA |
8. Institute of Public Enterprise (IPE), Hyderabad: PGDM (Banking, Insurance and Financial Services)
IPE offers full-time management programmes in PGDM, PGDM RM, PGDM BIF, PGDM IB, PGDM HRM and Exe. PGDM. These programmes are not only AICTE recognised, but also have accreditations from the Association of Indian Universities (AIU) and the international SAQS recognition.
| Fees |
Exam Score |
Average Package |
|---|---|---|
| INR 8.15 lakh |
CAT, XAT , GMAT, MAT , ATMA , CMAT |
INR 14.13 LPA |
9. SCMS School of Business, Kochi: PGDM (Insurance & Banking)
“Finance services are the backbone of the economy. So we decided to offer PGDM (Insurance & Banking). The course has been accepted well. The curriculum has been designed by the industry itself. The standard reflects in candidates, who have been absorbed in various places across the industry,” says Pramod P. Thevannoor, Group Director, SCMS Group of Institutes. SCMS School of Business has ranked first in Kerala and is approved by All India Council for Technical Education (AICTE)and is accredited by National Board of Accreditation (NBA). SCMS School of Business was the first B-School in India to get ISO certification for quality teaching and still remains certified under ISO.
| Fees |
Exam Score |
Average Package |
|---|---|---|
| INR 7.95 lakh |
CAT, MAT, XAT, ATMA, CMAT, KMAT Kerala |
INR 13.58 LPA |
10. MIT-SOB: MIT School of Business, Pune: PGDM (Finance)
At MIT-SOB, finance students are allowed to select areas of their choice from a basket of subjects. There are various tie-ups in order to upgrade skills based on industry trend. Our current tie-ups include:
- Running various financial modules with the help of the National Stock Exchange,
- Financial Modelling module conducted by Fanatics
| Fees |
Exam Score |
Average package |
|---|---|---|
| INR 7.05 lakh |
CAT, MAT, XAT, MAH-CET, CMAT |
INR 7.63 LPA |
These colleges are not listed in any particular order or ranking. Click on the link provided to explore more about MBA institutes and top-ranked colleges.
Read More:
Comments
(2)
S
3 years ago
Yes, SPJIMR is a good college for MBA. SP Jain Institute of Management and Research was established in 1981 and is a constituent institute of Bharatiya Vidya Bhavan. The accepted entrance exams are XAT, CAT, NMAT, and others. CAT registrations are ongoing. Study the CAT preparation guidleines and CAT question papers. S. P. Jain Institute of Management and Research is approved by the AICTE (All India Council for Technical Education) and accredited by the Association of MBAs (AMBA), UK, NBA (National Board of Accreditation), and AACSB International. SP Jain is ranked 29 in Asia by QS Global MBA Ranking 2023 and offers postgraduate, Doctoral, and various other courses to students across the Management and several other streams.