Top MBA Finance Colleges in India 2024
MBA Finance (Master of Business Administration -Finance) as a specialisation is a combination of theoretical and practical subjects that balances a student score. It is a two-year programme with several subjects provided within any of India's top MBA Finance colleges. MBA Finance covers management education in terms of investment, financial resources, collection of finance, security, exploring the financial market state, and more, to improvise the output and finance in a business organisation and working capital.
Popular subjects include economics, accounts, statistics, and costs, etc., are part of the syllabus.
The students studying MBA Finance gain analytical thinking, communication, managerial skills and decision-making, leadership, personality, and more, which is useful in any field. Anyone can pursue an MBA in Finance after UG completion on a regular course or through a distance learning course. If you are an MBA Finance enthusiast, you can always follow the suggestions below, i.e., best institutes, eligibility, fees, career scope aiding your future studies.
Top MBA Finance Colleges in India by NIRF
National Institutional Ranking Framework (NIRF), approved by MHRD, follows the comprehensive methodology and standard metrics to rank the diverse colleges/universities in India.
The ranking parameters with their weightage by NIRF focuses on:
- Teaching, Learning & Resource - 30%
- Research and Professional Practice - 30%
- Graduation Outcomes - 20%
- Outreach and Inclusivity - 10%
- Perception - 10%
Here are the top MBA Finance Colleges in India by NIRF ranking listed in the table below:
| Ranking | College Name | NIRF Score |
| 1 | Indian Institute of Management, Kozhikode | 73.34 |
| 2 | Indian Institute of Technology, Roorkee | 63.79 |
| 3 | Indian Institute of Technology, Madras | 64.32 |
| 4 | Indian Institute of Management, Raipur | 62.12 |
| 5 | Indian Institute of Management, Tiruchirappalli | 61.10 |
| 6 | S. P. Jain Institute of Management and Research, Mumbai | 58.73 |
| 7 | Symbiosis Institute of Business Management, Pune | 58.64 |
| 8 | SVKM's Narsee Monjee Institute of Management Studies, Mumbai | 57.53 |
| 9 | Great Lakes Institute of Management, Chennai | 56.75 |
| 10 | ICFAI Foundation for Higher Education, Hyderabad | 55.82 |
Top MBA Finance Colleges in India by Outlook
A few of the top MBA Finance Colleges in India by Outlook ranking are cited in the table below:
| Ranking | College Name | The Week Score |
| 1 | SVKM's Narsee Monjee Institute of Management Studies, Mumbai | 76.64 |
| 2 | Symbiosis Institute of Business Management, Pune | 73.74 |
| 3 | ICFAI Foundation for Higher Education, Hyderabad | 71,15 |
| 4 | Birla Institute of Technology and Science, Pilani | 69.10 |
| 5 | KIIT School of Management (KSOM), Bhubaneswar | 66.98 |
| 6 | Nirma University, Ahmedabad | 65.15 |
| 7 | Anna University, Chennai | 62.11 |
| 8 | Alliance University, Bangalore | 61.67 |
| 9 | Xavier University, Bhubaneshwar | 59.05 |
| 10 | Amity University, Noida | 58.35 |
Top MBA Finance Colleges in India by IndiaToday
Here are the top MBA Finance Colleges in India in the table below, according to the IndiaToday ranking list:
| Ranking | College Name | Total MBA Finance Fees (in INR) |
| 1 | SVKM's Narsee Monjee Institute of Management Studies, Mumbai | 6,02,000 |
| 2 | Department of Management Studies Christ University (Deemed to be University), Bangalore | 7,98,000 |
| 3 | Amity School of Business, Noida | 3,53,000 |
| 4 | KIIT School of Management (KSOM), Bhubaneswar | 13,60,000 |
| 5 | Kristu Jayanti College, Bengaluru | 7,80,000 |
| 6 | Institute of Management Studies, Noida | 7,92,000 |
| 7 | Prestige Institute of Management and Research (PIMR), Indore | 1,58,000 |
| 8 | ICFAI Business School (IBS), Hyderabad | 14,10,000 |
| 9 | Prestige Institute of Management Dewas (PIMD), Dewas | 1,60,000 |
| 10 | Doon Business School, Dehradun | 4,72,000 |
Top MBA Finance Colleges in India Based on Zones
According to the NIRF and Outlook ranking report, the latest top MBA Finance colleges in India zone-wise are given in the following points:
Top MBA Finance Colleges in North India
Given below are the top MBA Finance colleges in North India:
- Indian Institute of Technology, Roorkee
- Institute of Management Studies, Noida
- Doon Business School, Dehradun
- Lovely Professional University (LPU), Jalandhar
Top MBA Finance Colleges in South India
Some of the top MBA Finance colleges in South India include:
- Indian Institute of Management, Kozhikode
- Indian Institute of Technology, Madras
- Indian Institute of Management, Tiruchirappalli
- Great Lakes Institute of Management, Chennai
Top MBA Finance Colleges in East India
A few of the top MBA Finance colleges in East India are cited below:
- KIIT School of Management (KSOM), Bhubaneswar
- International Management Institute, Kolkata
- Regional College of Management (RCM), Bhubaneswar
- Birla Institute of Technology Mesra, Ranchi
Top MBA Finance Colleges in West India
The top MBA Finance colleges in West India are as follows:
- S. P. Jain Institute of Management and Research, Mumbai
- Birla Institute of Technology and Science, Pilani
- Symbiosis Institute of Business Management, Pune
- SVKM's Narsee Monjee Institute of Management Studies, Mumbai
Fee Structure for Top MBA Finance Colleges in India
With the facilities and services provided by various institutions, the fee charges for the same course is not the same for every institution. The average fee structure for MBA Finance is slightly higher than other fields, as MBA programmes are a major investment.
Check out the lists of both public and private MBA Finance colleges with their variable fee structure in India from the details mentioned below:
Public MBA Finance Colleges with PG Fees
The table below shows the various postgraduate fees for government MBA Finance Colleges in India:
| Public College Name | MBA Finance Fee Structure (in INR) |
| Indian Institute of Management, Kozhikode | 20,77,000 |
| Indian Institute of Technology, Roorkee | 8,19,000 |
| Indian Institute of Management, Tiruchirappalli | 16,80,000 |
| Indian Institute of Management, Raipur | 14,20,000 |
| SVKM's Narsee Monjee Institute of Management Studies, Mumbai | 6,02,000 |
Private MBA Finance Colleges with PG Fees
Given in the table below are the postgraduate fee charges at private MBA Finance Colleges across India:
| Private College Name | MBA Finance Fee Structure (in INR) |
| Great Lakes Institute of Management, Chennai | 2,352,000 |
| Symbiosis Institute of Business Management, Pune | 19,40,000 |
| ICFAI Foundation for Higher Education, Hyderabad | 14,00,000 |
| International Management Institute, Kolkata | 12,41,000 |
| Xavier University, Bhubaneshwar | 15,50,000 |
Entrance Exams Accepted by Top MBA Finance Colleges in India
A good entrance score or higher can provide you with multiple college options. However, students need to attempt some entrance exams for admissions. The lists of entrance exams conducted at various levels under India’s best MBA Finance colleges are:
- CAT (Common Admission Test)
- SNAP (Symbiosis National Aptitude Test)
- MAT (Management Aptitude Test)
- GMAT (Graduate Management Admission Test)
- ATMA (Association of Indian Management Schools Test for Management Admissions)
- CMAT (Common Management Admission Test)
- NMAT (NMIMS Management Aptitude Test)
- XAT (Xavier Aptitude Test)
- UPTU/UPSEE (Uttar Pradesh Technical University Exam)
- KMAT (Karnataka Management Aptitude Test)
- IBSAT (ICFAI Business School Aptitude Test)
- LPUNEST (Lovely Professional University National Eligibility and Scholarship Test)
- IPU CET (Indraprastha University Common Entrance Test)
- JKLU MET (JK Lakshmipat University Management Entrance Test)
- TS ICET (Telangana State Integrated Common Entrance Test)
Eligibility Criteria and Admissions for Top MBA Finance Colleges in India
Getting admission into any of India’s best MBA Finance colleges requires all the candidates to satisfy the eligibility criteria by that college of preference. Now, each college has its eligibility criteria different from another college. Only the candidates who clear the eligibility for the course can attempt entrance exams or be shortlisted for getting evaluated for admissions. The institution decides the selection based on the qualifying score or academic record and personal interviews for admissions.
We have given below the eligibility criteria and the ideal admission process for candidates interested in MBA Finance:
Eligibility Criteria for Top MBA Finance Colleges in India
The general eligibility criteria for MBA Finance course across India are as follows:
- There is no compulsory age limit.
- A bachelor degree in any discipline or equivalent degree from any recognised board.
- Candidates must also clear the minimum aggregate score set by the college, and the requirement is unique in each institution.
- The students appearing for the final examination can also apply for the course.
Admissions for Top MBA Finance Colleges in India
The admission process depends on the institutions of preference. Candidates are selected either based on entrance examination scores at the national/state/university level or from the scores obtained in the bachelor’s degree. CAT, MAT, CMAT, XAT, etc., are some of the common entrance exams considered for evaluating and allotting the seats into the course based on the entrance test scores.
After meeting all the basic criteria for admission rounds, candidates might also have a personal interview and group discussion for final selection. Finally, candidates who stood out clearing all the rounds must follow the admission guidelines, fees and confirm the seat. In addition, you can reach out, stay updated or clarify your queries from the college official portal itself.
Cut Offs for Top MBA Finance Colleges in India
Various colleges release the cut-off for the multiple programmes right after the exam results declaration. Cut off is decided on the previous year cut off, exam difficulty level, total seats available in a particular institution, etc.
Only the eligible candidates meeting the qualifying cut off score can go for counselling rounds for admissions by the respective colleges.
The varying cut-off scores under the entrance exams organised for the MBA Finance course are listed below:
CAT Cut Off
Common Admission Test (CAT) is an entrance exam at the national level regulated by the Indian Institute Of Management (IIM) for admissions into PG programmes within India's best management colleges. About 4000+ seats for management courses are offered based on CAT scores through IIMs across India. In addition, aspiring candidates must satisfy the eligibility criteria of the preferred college and universities.
The latest CAT cut off percentile of the management colleges for some of the IIMs and non-IIMs is listed in the following table:
| College Name | Overall Cut Off ( in Percentile) |
| Indian Institute of Management, Kozhikode | 97-98 |
| Indian Institute of Management, Raipur | 94-95 |
| Indian Institute of Management, Shillong | 90 |
| Institute of Management Technology, Ghaziabad | 90 |
| K J Somaiya Institute of Management, Mumbai | 86 |
| Xavier Institute of Management, Bhubaneshwar | 91 |
| Institute of Financial Management and Research (IFMR), Chennai | 80 |
MAT Cut Off
Management Aptitude Test (MAT) is a national entrance exam taken by the All India Management Association (AIMA) for entry into postgraduate management courses programmes with the participating institutions.
The table shown below are the MAT Cut off under the best MBA colleges in India:
| Name of College | Overall Cut Off |
| Xavier Institute of Management and Entrepreneurship, Bangalore | 700 |
| Institute of Public Enterprise, Hyderabad | 650 |
| Durgadevi Saraf Institute of Management Studies (DSIMS), Mumbai | 550 |
| Jagdish Sheth School of Management or JAGSOM -(formerly known as IFIM Business School) | 500 |
| Alliance Bangalore | 500 |
Scope of MBA Finance in India
With time immemorial, effective business administrations have always been the backbone of any business organisation or industry, even before introducing the internet. Finance is an area with multi-disciplinary direction, and no business can run with a financial crisis. The field of finance is demanding as any company strives to hire a good finance expert who can make strategies, oversee financial performance, invest products carefully, cash flows and handle the impact of conflicts on the growth of the finance.
An MBA in finance opens the way to many career chances for the students, especially passing from the top MBA Finance institutes. Undoubtedly, MBA Finance is a challenging career field but sought high paying designations in India and globally.
You can pick job positions and areas of employment right from the lists given below after PG course completion:
Areas of Employment
- Conglomerate/ Manufacturing
- IT/E-Commerce sectors
- Human Resources
- Marketing
- Operations
- Finance
- Consulting
- Educational Institutes
Job Roles
- Finance Manager
- Finance Advisor
- Cash Managers
- Chief Finance Officers
- Merchant Banking
- Project Finance
- Private Banking
- Hedge Fund Management
- Risk Management
- Accounting Manager,
- Corporate Controllers
- Consultant
- Treasury, etc.
MBA Finance Placements in India
MBA Finance candidates get many placement opportunities and lucrative career scope after graduating from the top institutes. You can take a job or set up a career in small to large companies in India and foreign organisations and build a strong business profile.
We have posted a few of the recruiters below that hire skilful candidates from the best colleges studying MBA Finance as cited in the following:
Top MBA Finance Recruiters
As per the college's official website, the cited table below contains a selected list of the renowned recruiters from India’s top MBA Finance colleges.
| College Name | Top Recruiters |
| Symbiosis Institute of Business Management, Pune | PepsiCo, MCX - Metal & Energy, Glochem, Optmyzr, FactSet, Spandana, Deloitte, ValueMomentum, Golden Hills, Amazon, Copal Amba, Reliance, Karvy Private Wealth, Inditrade, Evertogen, SGD Pharma, Tata Motors, Ogilvy & Mather, Fact Set, SBI Life Insurance, RetailOn, Sequel, Mondelez International, InspireOne, etc. |
| ICFAI Business School (IBS), Hyderabad | Air Charter Service India, Hamstech, FinEdge Advisory, eClerx, Incor Infrastructure, InfoEdge India, Kotak Mahindra Bank, OyePlay Sports, Coffee Day Global, Tega Industries, Wingify Software, Wipro Technologies, MoneyOnMobile, Valuefy Solutions, PuyVast Maritime India, Cogniz Capital, Bajaj Finserv, Karvy, Kotak Securities, Invesco, Factset, Food Panda, iNautix, Zomato Media, etc. |
| Regional College of Management (RCM), Bhubaneswar | Berger Paints, Skill Mirror, Reliance Jio, Kotak Life, Way 2 Capital, Exide Industries, Go Speedy Go, IBM Concentrix, Lucintel, Orissa diesel engines, Karvy Stock Broking, AVR Consultancy & Project, RAMCO Cement, eClerx, ICICI Prudential, Redington, Just Dial, etc. |
| Narsee Monjee Institute of Management Studies, Mumbai | KPMG, JPMorgan Chase, Yes Bank, Snapdeal, Cognizant Business Consulting, Capgemini, Microsoft, Wipro, Asian Paints, ICICI Bank, Cummins, Eaton, Deloitte, M&M, Standard Chartered, People Strong, Flipkart, Idea, Pidilite, Google, Goldman Sachs, Castrol, Barclays, Henkel, etc. |
| Lovely Professional University (LPU), Jalandhar | Bosch, Microsoft, Infosys, Infineon, VMware, Practo, Hewlett Packard Enterprise, Luminous Power, Federal Bank, Verizon, Amazon, Google, Hyatt, Trident Ltd, PEGA Systems, TEK Systems, Mercedes Benz, Hindustan Unilever Ltd, Informatica, Colgate-Palmolive, Morgan Stanley, Capgemini, Koinex, Meditab, Asian Paints, Home First India, Yes Bank Ltd., Imperial Society, Transasia Biomedical, Urban Pitara, Enexus Global, Air Vistara, etc. |
Average Salary Offered in Top MBA Finance Colleges in India
The average yearly salary for MBA Finance by PayScale report is 7.23 LPA in India for an entry-level.
As per the college’s official portal, India’s top MBA Finance college’s average salary is shown in the following table below.
| College Name | Average Annual Salary |
| Symbiosis Institute of Business Management, Pune | 6.6 LPA |
| ICFAI Business School (IBS), Hyderabad | 7.92 LPA |
| Regional College of Management (RCM), Bhubaneswar | 2 - 3 LPA |
| Narsee Monjee Institute of Management Studies, Mumbai | 38.33 LPA |
| Lovely Professional University (LPU), Jalandhar | 7 LPA |
FAQs
Q.Is Mathematics considered compulsory for MBA finance?
A.Mathematics is not a compulsory subject for pursuing MBA Finance. Still, you'll have to study mathematics as part of the MBA Finance curriculum. A bachelor degree in any stream from a recognised college/university can pursue the course.
Q.Which MBA job profession has the highest salary?
A.Irrespective of the job professions, it often depends on industries and skill sets applied for the job role. However, a few of the high paying MBA jobs are:
- Investment Banker
- Business Development Manager
- Project Manager
- Marketing Manager, etc
Q.Which are the top MBA Finance recruiters in India?
A.The given lists below are the top MBA Finance recruiters in India:
- Goldman Sachs
- Morgan Stanley
- Boston Consulting Group
- Bain and Company
- JP Morgan Chase and Co
- McKinsey and Co
- Barclays
- KPMG
- State Bank of India
- HDFC, etc
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