Best MBA Finance Colleges in India: Route to Your Financial Career

The Indian economy, a significant player in the global financial landscape, is rapidly evolving. As projected by the Statista report, this growth is set to reach USD 9.34 Million in 2022 with a CAGR rate of 14.02%. By 2027, the market value is expected to be USD 19.55 Million. This robust growth not only underscores the importance of choosing the best MBA finance college in India but also paints a promising picture of a future career in finance, where you can be at the forefront of this growth, shaping the financial landscape and reaping the rewards of your efforts.

In India, students can choose from prestigious colleges offering top-notch MBA finance programs. These programs stand out for their unique blend of academic rigour, industry exposure, and networking opportunities, which are crucial for a thriving career in finance. 

With a comprehensive curriculum covering all aspects of real-world financial scenarios, choosing the best MBA finance colleges in India ensures you for the challenges and opportunities in your finance career. Rest assured, you will gain a holistic understanding of the finance industry and the skills needed to excel in it.  

What is MBA in Finance in India?

In India, an MBA in finance is a renowned specialisation that provides a comprehensive curriculum in financial management, market strategies, and investment analysis. This degree imparts knowledge of financial management that provides a deep understanding of the business landscape and prepares aspirants to learn company reports, predict economic trends, balance risk management and how to profit from stock values. 

Completing an MBA in finance in India opens many lucrative career options in diverse industries such as banking, finance, investment management, and economic consulting. It’s not just a job but a fulfilling and rewarding career that awaits you. The high salary trends in finance further add to the excitement and aspiration of pursuing an MBA in finance in India.

To advance in the financial landscape, you must choose the best MBA finance colleges in India and equip yourself with the skills to navigate and manage financial problems and make insightful decisions. 

Skills Set Required for an MBA in Finance

Embarking on an MBA in finance requires specific skills to enhance your financial knowledge. These skills include Financial Accounting, Analytical Thinking, Effective Communication, Risk Management, and more. Mastering these skills is not only essential for your studies but also your future career in finance. 

Here are the skills that are not only necessary for your studies but also for your future career in finance.

Financial Accounting: One of the essential skills involves a comprehensive understanding of financial statements such as balance sheets, cash flow statements and income statements. You will also learn to analyse financial statements to improve the company’s financial health by performance and profit.

Analytical Thinking: In this, you will develop solid analytical skills to recognise complex problems and solve them simultaneously. This includes problem breakdown, evaluating data and using financial models to make insightful business decisions.

Effective Communication: Enrolling in the best MBA finance colleges in India enhances your communication skills and helps you deliver concise information regarding financial concepts to stakeholders, both in written and oral form. This ensures that all non-financial audiences profit from the information they access.

Risk Management: As a finance graduate, it’s crucial to identify and remove financial risks to ensure the profitability and stability of the company by using different strategies and tools.

Financial Reporting: These skills enhance your ability to prepare detailed reports that impact your financial performance and the organisation’s position, ensuring transparency and regulatory compliance.

Business Intelligence: Analysing data and business intelligence tools to gather insights and interpret financial data to drive business decisions.

Advantages of Pursuing From the Best MBA Finance Colleges in India

Here are the key advantages of pursuing an MBA in finance from the best colleges in India:

Increased Economy: The Indian economy is proliferating in diverse sectors of banking, insurance, finance, and investment services, which offer numerous business opportunities.

Demand for Financial Professionals: There is an increased demand for finance professionals providing job and career opportunities in India.

Solid Industry-Connection: The business schools in India have solid connections with the finance industry, facilitating job-ready programs, internships, and live projects.

Placement and Internship Opportunities: The business schools in India have strong ties with industrial organisations, which help students find secure jobs and internships to gain practical experience. 

Career Upliftment: The MBA program in finance advances your career path and prepares you for different financial roles in top companies. It offers high salaries and significant career progression. 

What are the Best MBA Finance Colleges in India?

An MBA in finance is one of the top specialisations with many career opportunities. Here are some popular B-schools you can aim for that will guide you in reaching your goals.

Indian Institute of Ahmedabad (IIM A)

IIM Ahmedabad is one of the renowned institutions in India for MBA programs. It is also known for its excellent credentials in finance and consulting. Pursuing an MBA degree from IIM Ahmedabad is a dream of many aspirants who have qualified for a CAT entrance exam before entering the highly recognised and competitive institute. The campus infrastructure is iconic and filled with green spaces that attract the liveliest minds to study here.

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  • Below is the table of other parameters that define the institute in a better way. 
  •  

Course Offered

PGPM

Accepted Exam

CAT, GRE, GMAT

Accreditation

EQUIS, AMBA, AACSB

Fees

23 Lakhs

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  • Indian Institute of Calcutta (IIM C)
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  • The IIM Calcutta was established in 1961 by the government of India and is the first national institute of postgraduate studies and research in management. It is one of the best MBA finance colleges in India, known for its excellent credentials and other related domains. The campus is located in Joka, on the outskirts of Kolkata. It offers full-time MBA specialisations in various subjects. 

The table below reflects other essential factors provided by IIM Calcutta.

Course Offered

PGPM

Accepted Exam

CAT, GMAT, GRE

Accreditation

AACSB, AAMBA, EQUIS, CEMS

Fees

27 Lakhs

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  • SP Jain Institute of Management and Research (SPJIMR)
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It is a highly recognised business school in Mumbai, India, offering renowned management, finance, and related domain programs. SPJIMR prepares students for successful careers in the business market and boosts a strong alumni network for vast industry connections. The campus focuses on innovation and experiential learning, which equips graduates to handle real-world challenges.SPJIMR has designed its courses to guide students in acquiring efficient skills in the field of finance, which will connect them with industry-based companies.

Below are the other parameters to look forward to.

Course Offered

PGDM

Accepted Exam

CAT, GMAT

Accreditation

UGC, AICTE

Fees

17.5 Lakhs

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  • Xavier’s Labour Research Institute, Jamshedpur (XLRI)
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Enrolling in XLRI for finance can enhance your career path. It’s one of the recognised institutes in Jamshedpur, known for its quality education and comprehensive course curriculum for in-depth knowledge. The college offers two years of PGDM in finance and allows students to experience practical and goal-oriented learning that covers essential concepts of finance. 

Here is the other list of parameters that define the institute’s prospects.

Course Offered

PGDM

Accepted Exam

CAT, MAT, XAT, ATMA, CMAT

Accreditation

AACSB, AMBA

Fees

8.93 Lakhs

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  • Faculty of Management Studies (FMS)
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When choosing the best MBA finance colleges in India, FMS stands out as the top-ranking university. Established in 1954, it is owned by the government and is well-known for its rigorous academic excellence. The university is valued because of its strong alum network and aspiring professionals who impart students knowledge on finance and prepare them to reach their career goals. 

Below is the list of parameters for a clear understanding before selecting the institute.

Course Offered

MBA 

Accepted Exam

CAT

Accreditation

NAAC

Fees

2.0 Lakhs

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  • Symbiosis Management of Business Management (SIBM)
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When choosing the best MBA finance colleges in India, never miss out on SIBM, another top institute that offers MBA specialisation in Finance, Marketing, Operations, Human Resources, etc. SIBM was established in 1982 and boasts a highly qualified faculty that provides students with profound financial knowledge and practical skills that prepare them for excellent placement records.

Here is a list of parameters a student can consider before enrolling in SIBM.

Course Offered

MBA

Accepted Exam

SNAP

Accreditation

NAAC A++

Fees

20.5 Lakhs

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  • Narsee Monjee Institute of Management Studies (NMIMS)
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One of the top MBA colleges in India, NMIMS was established in 1981, focusing on emerging as a recognised and reputed university. It provides a wide range of programs, but its speciality is that it offers a course in Banking, which covers all the finance concepts such as risk management, corporate finance, investment management, etc. NMIMS has ranked 4th in Outlook 2020 and has increased its academic reputation.

Here are some other parameters to check for NMIMS:

Course Offered

MBA

Accepted Exam

NMAT

Accreditation

NAAC A+, AACSB, ABET, NBA

Fees

21.9 Lakhs

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  • Institute of Public Enterprise (IPE)
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One of the finest MBA colleges in Hyderabad, India, was established in 1995 for a full-time management program. The institute provides a structured program for PGDM, PGDM-RM, PGDM-HRM, etc. 

The table below contains other factors to check before considering the college.

Course Offered

PGDM

Accepted Exam

CAT, XAT, GMAT, CMAT, ATMA, MAT

Accreditation

AICTE, AIU, NBA

Fees

8.15 Lakhs

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  • Lal Bahadur Shastri Institute of Management (LBSIM)
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LBSIM is a well-known B-school in Delhi NCR that was established in 1995. It offers the finest PGDM program in finance specialisation and features a vital course curriculum that includes treasury management, risk management, investment management, etc. The institute also provides dual specialisation in finance and ensures that the students gain world-class learning experiences that foster industry-based knowledge.

Check out the list of other parameters before selecting the college:

Course Offered

PGDM

Accepted Exam

CAT, GMAT

Accreditation

NBA, AICTE

Fees

13.34 Lakhs

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  • K J Somaiya Institute of Management Studies and Research (KJSIM)
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Established in 1981, it is a prestigious institution in Mumbai. It is renowned for its qualified faculty and solid industry connections, which bind it to top companies. The PGDM (financial service) provides management concepts that enhance students’ knowledge of financial services and enable them to make effective decisions. The institute was ranked 56th for private MBA by NIFR in 2021 and holds a valuable academic record.

Below is the list of other parameters of KJSIM:

Course Offered

PGDM

Accepted Exam

CAT, CMAT

Accreditation

AACSB, AICTE, NBA

Fees

18.79 Lakhs

Please Note: The fees above are subject to change based on the institution.

Best Colleges for Online MBA in Finance

Several universities offer online MBA in finance. Below is the table that lists the popular colleges you can opt for.

Top Colleges for Online MBA in Finance 

Accreditation

Duration

Course Fees (INR)

Amity University

NAAC A+, UGC

2

1,95,000

Online Manipal Academy of Higher Education University

NAAC A+, ACU, NBA, AICTE

2

1,75,000

Symbiosis School For Online & Digital Learning

UGC, AICTE

2

1,50,000

Dr. D.Y. Patil University Online

UGC, AICTE

2

1,69,200

Jain University 

UGC, AICTE

2

2,60,000

LPU Online

NAAC A++, UGC

2

1,62,800

Chandigarh University

NAAC A+, AICTE

2

2,00,000

O.P Jindal Global University

NAAC A, UGC

2

1,75,00

Please Note: The fees above are subject to change and can vary according to institutes, locations and chosen courses

How to Select the Best MBA Finance Colleges in India?

An MBA builds your entire career, so before enrolling in any college, check for its authenticity and consider the points below.

Ranking and Accreditation: When selecting an MBA in finance program in India, opt for colleges accredited by renowned bodies like EQUIS, AICTE, or AACSB, which provide valuable education insight. 

Comprehensive Syllabus: Check the course curriculum before selecting the best MBA finance colleges in India that align with your career goals and provide you with a deep knowledge of the finance subject.

Qualified Faculty Members: Research the faculty profile and the area of specialisation that aligns with your core subject to help you experience advanced learning that connects you with industry sectors. 

College Location and Infrastructure: Selecting a college can be challenging, so before considering it, check its location, learning environment, and infrastructure.

Top Recruiters for MBA Finance in India

Here are the top recruiters who look for candidates specialised in finance programs:

  1. City Bank
  2. HSBC
  3. American Express
  4. Axis Bank
  5. Morgan Stanley
  6. McKinsey
  7. Lehman
  8. Tata Capital
  9. Standard Chartered
  10. Bain & Co

Career Opportunities and Salary Trends in MBA Finance in India

MBA leads you to numerous career options and prepares you for different job roles in finance. Here are some key job roles that can be considered after your degree.

Job Profile

Descriptions

Average Salary in INR

Financial Analyst

  • Their task is to analyse financial data to make profitable investments.

6,00,000 

Finance Manager

  • They check companies’ financial activities and ensure a healthy financial report.

15,00,000

Business Analyst

  • Their work is identifying business problems, making an efficient solution, and improving the organisation’s performance.

8,00,000

Equity Analyst

  • Their core task is to review and recommend stocks using financial reports and modelling.

7,00,000

Investment Banker

  • They raise capital for the government and companies by issuing stocks.

17,00,000

Financial Advisor

  • Their responsibility is to guide the clients with proper financial advice and help them meet their goals.

5,00,000

Chief Financial Officer

  • Guide the entire financial department and is responsible for budgeting, strategic financial planning, and reporting. 

18,00,000

Accounting Manager

  • Their work is to manage accounting operations daily, ensuring precise financial records.

8,00,000

Management Consultant

  • Their task is to give expert advice on various financial areas to improve business performance.

27,00,000

Cash Manager

  • They oversee a company’s cash flow-in and flow-out for smooth financial operations.

8,00,000

Please Note: The salary above can vary according to job roles, location or company.

Conclusion

Choose the best MBA finance colleges in India and conquer your career in the finance sector that prepares you for various job roles such as finance manager, finance analyst, accounting manager, financial advisor, etc. Prepare today and polish your skills to meet industry-based challenges. India has top-ranked institutes like IIM Ahmedabad, IIM Calcutta, SPJIMR, etc., with high academic records and certified mentors to help you reach your career goals.

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Best MBA Finance Colleges in India : FAQs

Q1. Which is the best MBA finance colleges in India?

There are many renowned universities for MBA finance, but these are the most sought-after colleges:

  1. IIM Ahmedabad
  2. IIM Calcutta
  3. SP Jain Institute of Management and Research (SPJIMR)
  4. Lal Bahadur Shastri Institute of Management (LBSIM)
  5. Narsee Monjee Institute of Management Studies (NMIMS)

Q2. Which is the best field for an MBA in finance?

The best fields in MBA finance are:

  1. Global Taxation
  2. Corporate Finance
  3. Finance Analytics
  4. Commercial Banking
  5. Wealth Management

Q3. Is MBA in Finance worth it in India?

Yes, it is one of the popular specialisations provided during an MBA degree and has promising career opportunities in the future.

Q4. What is the highest package in MBA finance in India?

The average finance salary in India ranges from INR 15,00,00 to INR 30,00,000 per year, and it is offered mainly by IIMs.

Q5. Which MBA specialisation is in most demand?

While there are many MBA specialisations, these are the most in-demand:

  1. MBA in Finance
  2. MBA in Marketing
  3. MBA in Operations
  4. MBA in Business Intelligence
  5. MBA in Supply Chain
  6. MBA in Healthcare Management
  7. MBA in Human Resources

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