10 Popular MBA in Finance Colleges in India

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Shruti
Shruti Garg
Senior Executive
Updated on Sep 12, 2022 15:50 IST

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

MBA in Finance Colleges in India

In the third part of the top MBA specialisation (after Marketing and HR) series, we take a look at the colleges offering the best finance courses. Often considered to be one of the oldest MBA specialisations, Finance is the backbone of the economy. Today, the study of finance ranges from corporate and government studies to the banking and insurance sector. It calls for accounting, quantitative and analytical skills with an understanding of economic and finance principles.

(Please note: The list does not include IIMs or other B-Schools that offer PGP and MBA programmes where students can opt for specialisation in the second year. The list includes programmes exclusively devoted to Finance Management.)

Also Read: MBA specialisation guide

What is MBA in Finance?

MBA in Finance is a specialization offered by various B-schools which imparts knowledge on management, control and review of the collection, investment, and resources of money. 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 and eligibility below: 

1. SP Jain Institute of Management and Research, Mumbai (All): PGDM

SPJIMR’s biggest advantage is that they believe in constant upgrading to 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 institute is recognised by the University Grants Commission (UGC) and the All India Council of Technical Education (AICTE). 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

Selection Process

 INR 17.5 lakh

 CAT | GMAT

 GD/PI

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 only a few colleges that offer specialization 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 RBI giving license to 20-15 more banks, the course has become more important.” NMIMS is ranked fourth for Private MBA by Outlook 2020 and 24 for Private MBA by NIRF 2020.

Fees

Exam Score

Selection Process

 INR 21.9 lakh

 NMAT by GMAC

 GD/PI

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 56 for Private MBA by NIRF ranking 2021. It is approved by the AICTE and accredited by the NBA. The renowned institute also conducts various customised Management Development Programmes and Faculty Development Programmes. 

Fees

Exam Score

Selection Process

 INR 18.79 lakh

 CAT, CMAT

 GD/PI

4. Lal Bahadur Shastri Institute of Management (LBSIM), Delhi/NCR: PGDM (Finance)

At Lal Bahadur Shastri Institute of Management (LBSIM), the course curriculum is an important feature. It 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

Selection Process

 INR 13.34 lakh

 CAT | GMAT

 GD/PI


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5. Xavier Institute of Social Service (XISS), Ranchi: PGDM (Finance)

“The primary objective of the course is to impart knowledge and skills and, just as important, to transmit certain values. The institute proposes to make the students aware of the occupational mobility and voluntary compliance to ethics, law and social responsibilities,” informs the official website. Xavier Institute of social Service (XISS) was established as an extension of St. Xavier's College, Ranchi. It is ranked 27th by Times for Private MBA in 2021. 

Fees

Exam Score

Selection Process

 INR 8.93 lakh

 CAT | CMAT | XAT | MAT | ATMA

 GD/PI

6. International School of Business & Media (ISB&M), Pune: PGDM (Finance)
International School of Business and Media (ISB&M) follows the method of combination studies to prepare a finance executive. Apart from theories, the 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

Selection Process

 INR 11.8 lakh

 CAT | CMAT | XAT | MAT | ATMA

 GD/PI

Also Read:

7. National Institute of Bank Management, Pune: PGDM (Banking & Financial Services)
National Instititue of Bank Management (NIBM) was established in 1969 by the Reserve Bank of India in consultation with the Government of India as an autonomous ‘think-tank’ for the Indian banking system. It is one of the very few institutes in India which 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

Selection Process

 INR 10.38 lakh

 CAT | MAT | CMAT

 GD/PI


Check 2018 CAT Cut offs and predict calls from IIMs and other Top MBA Colleges, whether your CAT score is 70 percentile, 80 percentile or 90 percentile. Check Fees, Placement Reviews, Admission, Shortlist Criteria and eligibility of all MBA Colleges by clicking the link below:

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8. Institute of Public Enterprise (IPE), Hyderabad: PGDM (Banking, Insurance and Financial Services)

“Our foray into management education began in 1981 with the commencement of a three-year part-time MBA (PE) programme for practising managers. The full-time management education program started in 1995. Today, the Institute of Public Enterprise (IPE) has its well-defined and carefully structured 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,” says director R K Mishra.

Fees

Exam Score

Selection Process

INR 8.15 lakh

 CAT | XAT | GMAT| MAT | ATMA | CMAT

 GD/PI

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

Selection Process

 INR 7.5 lakh

 CAT | MAT | XAT| ATMA | CMAT | KMAT Kerala

 GD/PI

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 Finatics

Fees

Exam Score

Selection Process

 INR 7.05 lakh

 CAT | MAT | XAT | MAH-CET | CMAT

 GD/PI

These colleges are not listed in any particular order or ranking. Click here to explore more about MBA institutes and top-ranked colleges.

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Important FAQs Related to MBA in Finance Colleges

Q: What is the average admission fee for MBA in Finance?

A: MBA in Finance is one of the most popular MBA specialisation opted by students. The average fee for MBA in Finance in India is between Rs 7 lakh and Rs 10 lakh.

Q: Why is MBA in Finance a popular option?

A: MBA in Finance opens up varied opportunites for students in the financial and business world. Finance and it knowledge is an integral part of the economy and in many cases it is an overriding aspect of business and industries. The course is very popular because of the wonderful and tremendous career opportunities it brings. Candidates will get to learn specific financial planning skills, financial decision-making, budgeting, costing, investment management , international finance, working capital management , and corporate finance.

Q: Which are some of the top MBA in Finance colleges?

A: Some of the top MBA in Finance colleges in India include SPJIMR, NMIMS, KJ Somaiya Institute of Management, Xavier Institute of Social Service, NIBM, Institute of Public Enterprise, etc.

Q: Which would be better for studying MBA in Finance, Government college or private college?

A: When choosing a college to study at, students must consider factors such as the curriculum, fee, faculty, infrastructure, placements, and others. You cannot put a finger on any specific factors but these are some of the factors that should be considered.

Q: Which entrance exams are accepted for admission to MBA in Finance course?

A: Some of the top MBA entrance exams such as CAT, XAT, MAT, CMAT, ATMA, MAH-CET, GMAT, NMAT, etc. are accepted for admission to MBA in Finance course. Some institutes also accept university-level or state-level MBA entrance exams.

Q: Is there any specific eligibility criteria for pursuing MBA in Finance?

A: The eligibility criteria for MBA in Finance is same as the eligibility criteria for MBA (General). Candidates must hold a bachelor's degree from a recognised university with minimum of 50% aggregate. Candidates in the final year of their graduation are also eligible. 

Q: What is the average salary offered to MBA in Finance graduates in India?

A: MBA in Finance graduates in India are offered average salary of Rs 16-20 lakh per annum during campus placements Overall, the average starting salary of MBA Finance in India is approximately Rs 6.50 lakh per annum according to payscale.com.

Q: I am a Science graduate. Can I pursue MBA in Finance? Is it necessary to have Maths as one of the core subjects?

A: Yes, you can pursue MBA in Finance. Knowledge of accounting and economics in Class 12 and Graduation is not mandatory for MBA in Finance. Mathematics is not necessary to study MBA in Finance, but having studied Mathematics will be an added advantage.

Q: What are the core subjects taught to MBA in Finance students?

A:  Some of the core subjects of MBA in Finance include Corporate Investment Management, Portfolio Management, Hedge Fund Management, Investments, Security Analysis, Borrowing, Fundraising, Collections, Disbursements, Small Business and Corporate Finance, Coverage of global financial institutions, valuation, volatility, fixed income securities, international markets and macroeconomics, International Finance, etc. 

Q: Which are the top government MBA in Finance Institutes in India?

A:  Some of the top Government colleges offering MBA in Finance include, IIM Ahmedabad, IIM Bangalore, IIM Calcutta, FMS, etc.

Q: Which are some of the top private institutes offering MBA in Finance in Maharashtra?

A: Institutes such as SPJIMR,  MIT-SOB, National Institute of Bank Management,   International School of Business & Media (ISB&M),   KJ Somaiya Institute of Management Studies and Research, NMIMS, etc. are some of the most popular private institutes in Maharashtra which offer MBA in FInance course. 

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About the Author
Shruti Garg
Senior Executive

Shruti is a graduate in Education and Literature. She is a passionate writer. As her name suggests she is a good listener, a binge-watcher and a great foodie. She loves playing badminton and doing meditation in her ... Read Full Bio

Comments

(2)

S

Shakti Raj

11 months ago

Finance is one the most demanded branch in MBA. Quantum University Roorkee offers this course that too with dual specialization.An Assured Placement with a minimum CTC package of Rs 4.00 Lakhs per annum* at the time of passing out or within six months of passing out !

Reply to Shakti Raj

P

Priyanka

7 months ago

Any entrance required

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