Top 10 Best MBA Finance Colleges in India: Fee Structure, Ranking, Placement

If you’re interested in studying finance, India has some of the best MBA colleges to choose from. These colleges offer specialized courses in finance that help students build skills in areas like investments, banking, and corporate finance. Let’s explore some top MBA finance colleges in India, their courses, and their highlights to understand why they stand out.

1. IIM Kozhikode

Ranked no1 in the category of Best MBA finance colleges in India, The Indian Institute of Management (IIM) Kozhikode, established in 1996, is located in Kerala on a beautiful campus of 112.5 acres. It’s well-recognized in India and ranked 3rd in the NIRF 2024 rankings for management institutes. IIM Kozhikode is also accredited by AMBA and EQUIS, two respected international organizations. The institute offers a range of programs, with an MBA in Finance (PGP-Finance), and other specialized courses in business leadership and liberal studies.

MBA Finance Highlights:?

• Specializations: Finance with a focus on financial markets, risk management, and investment strategies.
• Admission: Based on CAT scores, followed by interviews.
• Fees: Around INR 23-25 lakh for the entire program.
• Placements: The average package is around INR 30 LPA, with top recruiters in banking and consulting.

2. Symbiosis Institute of Business Management (SIBM), Pune

Ranked No2 in the category of Best MBA finance colleges in India, SIBM Pune is part of the Symbiosis International University and is known for its strong reputation in management education. Established in 1978, SIBM Pune is located in Maharashtra and is ranked 13th by NIRF 2024 in the management category. The institute is highly respected in India and globally, with several international connections, such as membership in the EFMD Global network. SIBM Pune is famous for its MBA program and offers other management and leadership courses.

MBA Finance Highlights:?

• Specializations: Finance, covering financial analysis, investment banking, and corporate finance.
• Admission: Based on SNAP scores, followed by a selection process.
• Fees: Approximately INR 20-22 lakh for the program.
• Placements: The average package is around INR 28.16 LPA, with the highest offers up to INR 49 LPA.

3. IIM Lucknow

Established in 1984, IIM Lucknow is one of India’s top-ranked management institutes for finance, ranked 7th by NIRF in 2024 and 85th globally by the Financial Times. IIM Lucknow is known for its strong alumni network and excellent placement opportunities, with top companies like American Express and Deloitte recruiting its students. The institute is accredited by AMBA and AACSB, ensuring that its programs meet high global standards.

MBA Finance Highlights:?

• Specializations: Finance with courses in financial modelling, investment management, and banking.
• Admission: Based on CAT scores, followed by interviews.
• Fees: Around INR 23-25 lakh.
• Placements: Average salary package of INR 30 LPA, with international offers up to INR 1.23 crore per annum.

4. IIM Calcutta

IIM Calcutta was established in 1961 with help from the Government of West Bengal and international partners. It ranks 5th in India according to the NIRF 2024 rankings and is known worldwide, with ranks in the top 50 by QS World University Rankings 2024. The institute has a strong reputation for finance and business analytics, making it a top choice for the Best MBA finance colleges in India.

Highlights:?

• Specializations: Finance, focusing on asset management, corporate finance, and financial markets.
• Admission: CAT scores, followed by an interview process.
• Fees: Approximately INR 27-30 lakh.
• Placements: High average packages around INR 34 LPA, with top firms in investment banking and consulting.

5. SP Jain Institute of Management and Research (SPJIMR), Mumbai

SPJIMR, located in Mumbai, was established in 1981 and is part of the Bharatiya Vidya Bhavan. It is ranked 20th by NIRF 2024 and is known for its strong academic programs and experienced faculty. SPJIMR is accredited by AMBA, NBA, and AACSB, ensuring high-quality education and global recognition. The institute offers various management programs, including an MBA in Finance course. That is why this also makes a place in the list of Best MBA finance colleges in India.

Highlights:?

• Specializations: Finance, including corporate finance, mergers, and venture capital.
• Admission: Based on CAT/GMAT scores, followed by an interview.
• Fees: Around INR 20-22 lakh.
• Placements: Top domestic packages at INR 67.5 LPA; international packages up to INR 77.88 LPA.

6. IIM Raipur

IIM Raipur, located in Chhattisgarh, is a newer addition to India’s top management colleges, established in 2010. It is supported by the Government of India and ranked among the top institutes by NIRF. Though it is relatively young, IIM Raipur has quickly gained a good reputation for its management programs and strong faculty.

Highlights:?

• Specializations: Finance with skills in financial analysis, investment, and risk management.
• Admission: Primarily CAT scores, followed by interview rounds.
• Fees: Approximately INR 14-16 lakh.
• Placements: Good placement records in finance with competitive salary packages.

7. Chandigarh University (CU)

Chandigarh University is a private university in Punjab, accredited with an A+ grade by NAAC. It is known for offering a wide range of programs, including engineering, management, and pharmacy. Chandigarh University ranks well internationally, with the QS Asia University Rankings placing it at the top among Indian private universities.

Highlights:?

• Specializations: Finance, covering financial planning, risk management, and portfolio management.
• Admission: Based on CUCET scores or national exams, followed by selection rounds.
• Fees: Around INR 4-5 lakh.
• Placements: Opportunities in banks, financial consulting, and corporate finance.

8. IMT Ghaziabad

Established in 1980, the Institute of Management Technology (IMT) Ghaziabad is one of India’s well-regarded management institutes. It has received the prestigious “Triple Crown” accreditation from AACSB, SAQS, and NBA, ensuring global standards in its programs. IMT Ghaziabad offers a variety of programs, including a Post Graduate Diploma in Management (PGDM) with a specialization in finance.

Highlights:?

• Specializations: Finance, focusing on investment banking, financial modelling, and risk assessment.
• Admission: CAT/XAT/GMAT scores, followed by interviews.
• Fees: Approximately INR 19-20 lakh.
• Placements: Strong industry connections with average packages of around INR 15 LPA.

Some of the other?Top MBA Colleges?in?Finance?are:

1. Indian Institute of Management(IIM), Indore
2. Indian School of Business(ISB), Hyderabad
3. Indian Institute of Foreign Trade(IIFT), New Delhi
4. International Management Institute(IMI), Delhi
5. Indian Institute of Management (IIM), Udaipur
6. Indian Institute of Technology(IIT), Delhi
7. Indian Institute of Management(IIM), Trichy
8. National Institute of Industrial Engineering, Mumbai (NITIE)
9. Indian Institute of Management(IIM), Ranchi
10. Indian Institute of Management(IIM), Shillong
11. Indian Institute of Technology(IIT), Mumbai?
12. Indian Institute of Technology(IIT), Kharagpur?
13. Indian Institute of Management(IIM), Raipur?
14. Xavier Institute of Management, Bhubaneswar (XIMB)
15. Goa Institute of Management, Goa (GIM Goa)
16. Sydenham Institute of Management Studies, Mumbai (SIMSREE)
17. KJ Somaiya Institute of Management Studies and Research, Mumbai (KJSIOM)

Conclusion

Each of these MBA finance colleges in India offers unique advantages, from world-class faculty to strong placement opportunities. Programs at IIM Kozhikode, SIBM Pune, IIM Lucknow, IIM Calcutta, SPJIMR, IIM Raipur, Chandigarh University, and IMT Ghaziabad prepare students for successful careers in finance. These colleges equip students with essential skills, ensuring they are ready to take on roles in investment banking, corporate finance, and financial consulting.

Also Read Here:

• Best MBA Colleges in Chennai
• Best MBA Colleges in Indore
• Best MBA Colleges in India
• Tier 2 MBA colleges in India
• Tier 1 MBA colleges in India

Frequently Asked Questions (FAQs)

Q. What is the average salary for MBA finance graduates from these colleges?

The average salary for MBA finance graduates from top institutes like IIMs and SPJIMR ranges from INR 20-30 LPA. However, some students receive packages as high as INR 50 LPA or more, especially from IIM Calcutta and IIM Lucknow.

Q. Do these colleges offer international exposure for MBA finance students?

Yes, many of these colleges, like IIM Calcutta and SIBM Pune, have partnerships with international universities and organizations, providing students with opportunities to study abroad or interact with global professionals.

Q. What are the entrance exams required for admission?

Most top MBA finance colleges in India require scores from entrance exams like CAT, XAT, or GMAT. Some institutes also consider scores from other exams, so it’s best to check the specific requirements for each college.

Q. Can I apply for an MBA in finance right after my undergraduate degree?

Yes, students can apply for an MBA in finance after completing their undergraduate degree. However, some colleges prefer applicants with work experience, especially for specialized finance programs.