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:

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:

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:

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:

Private MBA Finance Colleges with PG Fees

Given in the table below are the postgraduate fee charges at private MBA Finance Colleges across India:

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:

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:

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.

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.

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