Top MBA Colleges For Finance In India, Placements, Ranking

MBA Colleges For Finance In India: The financial industry, which is where MBA Finance students develop their strategic thinking, is the backbone of the economy. This program combines theory with practical application, exploring the fields of mathematics, economics, and finance. Students are prepared for careers as investment bankers, business professionals, and analysts of investments as they become fully immersed in courses like finance, planning, and global economics. This two-year postgraduate program, offered by India's leading MBA colleges, gives students the skills necessary to manage, assess, and maximize financial resources. Today, we will be sharing the Top 10 MBA colleges for finance in India.

Top MBA Colleges For Finance In India

1. IIM Ahmedabad

IIM Ahmedabad is considered the top MBA college in India. It consistently ranks 1 in the NIRF ranking and has been contributing to the nation's management education. It was the first B-School to receive the EQUIS (European Quality Improvement System) accreditation, by the European Foundation for Management Development (EFMD).

IIMA offers placement assistance to all PGP students. The highest package offered to PGPX students in the 2023 placement season was INR 1.08 crore per annum and the average placement touches 36 L. The top recruiters such as Boston Consulting Group, TCS, Goldman Sachs, and others also visited the campus for placements.

2. IIM Bangalore

According to the NIRF ranking 2023, IIM Bangalore is the second-best management institute in India. It was founded in 1973. In the FT Global MBA Rankings 2024, the IIMB Flagship MBA and EMBA program was ranked 47th.

This IIM has its own legacy of training high-quality management education to the top aspirants. There are multiple programs here. The average package at IIM Bangalore for the 2024 batch was INR 35.31 LPA, while the MBA fees are INR 24,50,000.

3. IIM Calcutta

One of the best and oldest IIMs in the nation is IIM Calcutta, or the Indian Institute of Management, Calcutta. IIM Calcutta is well known for being a pioneer in the field of finance education. In the 2024 NIRF ranking, it ranks 4th in the management category.

The 2-year flagship MBA program at IIM Calcutta, which admits students through CAT, is the most famous one. The two-year MBA program at IIM Calcutta costs 27 lakh, while the school's highest package for the 2023 batch was INR 1.2 Cr.

4. XLRI Jamshedpur

It is one of the oldest business schools which was established in 1949 by the Society of Jesus in Jamshedpur, Jharkhand, India. It is one of the best-known MBA colleges with low academic acceptance. In the NIRF 2023 ranking of the top management institutes in India, XLRI Jamshedpur ranks 9.

It offers two major programs i.e. PGDM - BM and PGDM - HRM as its Flagship Program with major specialisations in BM. The placement season 2023 here is recently finished where the average package offered was INR 32.7 Lakh INR per year. The highest salary offered domestically was INR 78.2 LPA, and internationally, it was INR 1.1 Crore PA. Finance is one of the major sectors here with all the major companies participating.

5. FMS Delhi

FMS Delhi i.e. Faculty of Management Studies is a top business school in India. It was founded in 1954 & is well-regarded for its expert faculties, strong alumni network, fees, and good ROI. It provides a flagship MBA degree. In the placements of 2022-24, the finance sector here offered 30 roles with 11 PPOs.

FMS Delhi focuses on broader management education rather than only business management. The goal is to lead in innovative thinking while solidly grasping business practices and nurturing business leaders. Its fee is just 2 Lakh INR whereas the average placement touches 34 LPA. If you are targeting the top 10 MBA colleges for finance, FMS must be your target.

6. SPJIMR Mumbai

SP Jain Institute of Management and Research (SPJIMR) is another one of the top business schools in Mumbai, India. It was established in 1981 7 provides different PG management programs.

The institute has built a legacy in all domains by providing high-quality management education. It concluded the placements for its 2024 PGDM & PGDM (BM) successfully. The average placement offers and median salaries are 33 LPA & 31.50 LPA, respectively. Also, it ranks in the top 20 colleges.

7. MDI Gurgaon

MDI or Management Development Institute is in Gurugram and has one of the oldest business schools in India. It is one of the best-ranked colleges with international accreditation, a strong alumni base and highly expert faculties.

MDI has a major advantage i.e. it is situated in the business hub - Gurugram so it is a good opportunity & easiest to network and connect with actual industry professionals. It focuses on leadership and diversity. The fee for the flagship MBA here is 24 L whereas the average package touches 28 L. In that placement, overall 20 reputed recruiters appeared with financial sector roles and offered 95 offers.

8. NMIMS Mumbai

Narsee Monjee Institute of Management Studies is one of India’s top educational and research centres. It has been around for 30+ years and is now not just a top-ranked business school but also a diverse university offering various disciplines.

It has various campuses and provides education in different domains. NMIMS Mumbai offers a 2-year MBA program which is offered in various specializations such as HR, Business Analytics, Marketing, Digital Transformation, Finance etc. The average package here for the l24 batch stands at 26.63 LPA.

9. IIM Indore

Started in 1996, it is in the league of old IIMs and provides multiple courses along with IPM. It ranks 8 under the Management category by the NIRF India Ranking 2023. It offers PGP, Executive PGP, PhD in the field of management. The PGP program fee is around 21 L.

During the IIM Indore placements, 160+ recruiters visited the campus & hired students of the PGP & IPM batch 2023. The average package stood around 25 L.

10. SIBM Pune

It was established in 1978 and is a constituent of Symbiosis University. SIBM is ranked one of the best colleges due to its alumni network and vast culture. It accepts SNAP scores. MBA is SIBM's flagship program. Also, it makes sure to have diversity in its classroom. SIBM Pune's MBA program fee is 26.79 lakhs and the average package stands at 26.77 LPA.