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👤 NorthStar Academy📅 27 Aug, 24⏱ 6 min read

Top 10 Best MBA Colleges in India for Finance

Top 10 Best Colleges for MBA in Finance in India 

MBA in Finance (Master of Business Administration in Finance) helps students pursue their careers in diverse domains. Students can pursue their walk of life in different spheres such as Investment Banking, Insurance Management, Financial Consulting, Risk Management, Asset Management, International Finance, and Finance Research Analyst. The two-year program comprises several subjects within management.

The course educates students about Financial Resources, Investment, Portfolio Management, Borrowing, Fundraising, Disbursements, and Securities Analysis. The curriculum trains students for real-time scenarios such as Decision-making, Management skills, Corporate Communication, and Analytical skills. Undergraduates can enroll in any of the Top 10 Best MBA colleges in India, finance courses through distance learning, or regular courses. The program focuses on equipping management professionals with quality education and knowledge of management aspects in the Finance Industry. New Research shows that 1-4 years of experience earns variable pay options. Finance manager salary in India earns an average total compensation of salary of ₹6-7 lakhs per annum, and experience earns an average salary of ₹9.3 lakhs per annum.

Why does an MBA in Finance specialisation stand out?

With the advent of the financial world, an MBA in finance is becoming a thriving career option for graduates. Notable, it offers the students various administrative roles in their professional careers in India 2026. The course specialization allows the graduates to determine career opportunities and explore the finance domain in a comprehensible manner to gain skills for finance managers.

The course strongly pivots on financial theories and deep insight into mathematics, statistics, and economic analysis. The students can sharpen their analytical skills as they have to play with numbers in the finance industry. To broadly perform at the workplace, they are trained to analyze and provide required financial forecasts for their company, they are taught to handle real-time projects and participate in role-plays and teamwork projects. In the ever-evolving financial sphere, MBA in Finance requires in-depth knowledge of both theoretical and practical concepts of all the subjects.

Additionally, the specialization stands out due to the financial catastrophe the business industry previously went through. To minimize the effects of the upheaval, financial institutions have upgraded their curriculum. The business has also ensured its company assets to avoid any future predicaments.

MBA Finance fanatics must follow the featured content in this blog to learn about the top colleges in India for MBA finance and to have a clear understanding of the average salary for finance managers across industries, early career in finance, average starting salary, their career compass, entrance eligibility, and tuition fees.

Here are the listicles for top colleges in India for MBA Finance, along with their selection process, fee structure, top recruiters, and CTC offered.

XLRI Jamshedpur

Selection Process The candidates are selected based on GMAT or CAT scores, which are followed by a group discussion or Personal interview once shortlisted.

Fees: INR 20 Lac

Top Recruiters Boston Consulting Group, Power Finance Corporation, GAIL, KPMG and PricewaterhouseCoopers

Average Salary Offered The average CTC offered in the years 2019, 2020, and 2021 are INR 22.35 LPA, INR 24.30 LPA, and INR 25.08 LPA, respectively.

IIM Ahmedabad

Selection Process The candidates are selected based on GMAT or CAT scores. After clearing the cut-, the candidates are called for a group discussion or Personal Interview.

Fees: INR 23 Lac

Top recruiters: Goldman Sachs, American Express, Standard Chartered, and Bain and Co.

Salary Offered The highest package offered is 1.54 Lac USD and INR 55 Lac

IIM Bangalore

Selection Process The candidates are selected based on CAT, GMAT GRE, and IIMB scores. After clearing the cut-, the candidates are called for a written ability test and Personal Interview.

Fees: INR 23 Lac

Top Recruiters: Microsoft, Goldman Sachs, McKinsey, RPG Group, Avendus Capital, HUL, and Accenture

Salary Offered The average CTC (domestic) offered in the years 2019, 2020, and 2021 are INR 24.54 LPA, INR 26.18 LPA, and INR 28.98 LPA, respectively.

IIM Calcutta

Selection Process The candidates are selected based on GMAT scores and other parameters such as academic background, professional experience, and personal interviews.

Fees: INR 27 Lac

Top Recruiters: Bain & Company, Hindustan Unilever Limited, Nestle, Amazon, Nykaa, and Boston Consulting Group

Salary Offered The average CTC (domestic) offered in the year 2019-2021 is INR 28.49 LPA and the Median CTC offered is INR 27.67 LPA.

IIM Kozhikode

Selection Process The candidates are selected based on CAT scores and other parameters such as academic performance, work experience, and personal interviews.

Fees: INR 20.50 Lac

Top recruiters: CitiBank, JP Morgan, Goldman Sachs, Axis Bank, Deutsche Bank.

Salary Offered The average CTC offered is INR 29.50 LPA and the median CTC offered is INR 26.50 LPA.

NMIMS

Selection Process The candidates are selected based on NMAT scores and other parameters such as academic performance and work experience. The shortlisted candidates are called for a personal interview and case discussion.

Fees: INR 21.90 Lac

Top recruiters: Accenture, Adidas, CRISIL, Amazon, Aditya Birla Group, and Asian Paints.

Salary Offered The highest CTC offered in 2021 was INR 34.72 LPA and the average CTC offered was INR 18.45 LPA.

KJ Somaiya Institute of Management Studies & Research Mumbai

Selection Process The candidates are selected based on NMAT scores and other parameters such as academic performance and work experience. The shortlisted candidates are called for a personal interview and case discussion

Fees: INR 21.90 Lac

Top Recruiters: eBay, Citi, Zomato, SBI, and KPMG.

Salary Offered The average CTC for the year 2022 has raised to INR 10.85 LPA. The highest CTC offered was INR 26.50 LPA, the average CTC offered was INR 10.85 LPA, and the median CTC offered was INR 10.21 LPA.

Lal Bahadur Shastri Institute of Management, New Delhi

Selection Process The candidates are selected based on CAT / GMAT / XAT scores and other parameters such as prior academic performance and work experience. The shortlisted candidates are called for a written ability test, GD, personal interview, and extempore.

Fees INR 12.90 Lac

Top Recruiters: Capgemini, Hindware, Microsoft, Barclays, ClassPlus, Razorpay, PayU Money, HCL Technologies, LT Foods, and Blackstone

Salary Offered The Highest package offered was INR 32 LPA and the average CTC offered was INR 9.2 LPA.

National Institute of Bank Management (NIBM) Pune

Selection Process The candidates are selected based on CAT / CMAT / XAT scores and other parameters such as prior academic performance, work experience, and extracurricular activities. The shortlisted candidates are called for a written ability test, GD, personal interview, and extempore.

Fees: INR 12 Lac

Top recruiters: Airtel Payment Banks, Auronova, Bandhan Bank, Moneybox, IDBI Bank, Kotak Mahindra, and Wipro.

Salary Offered: The highest package offered in 2021 was INR 15.78 LPA, and the average CTC offered was INR 11.41 LPA.

XIMB Bhubaneswar

Selection Process The candidates are selected based on CAT / GMAT / XAT /X-GMT scores and other parameters such as prior academic performance, work experience, and extracurricular activities. The shortlisted candidates are called for a written ability test, GD, and personal interview.

Fees: INR 20 Lac

Top Recruiters: Accenture, Deloitte, and Airtel

Salary Offered highest package offered in 2021 was INR 24 LPA, the average CTC offered was INR 15.51 LPA, and the median CTC offered was INR 14.5 LPA

Conclusion

Finance is the pillar of the economy of any nation that tracks the ongoing expenses and future budgets, and the domain has established accurate and timely reporting of its scope from corporate to banking to the insurance sector.

The above is the list of top colleges in India for MBA finance. These institutes fortify analytical and comprehensive skills for students to comprehend the principles of finance and the need for timely reporting of various departmental expenses and to monitor departmental budgets. The organizations develop certain ethics and a sense of corporate responsibility among the scholars. The MBA in Finance course imparts practical knowledge and makes the students cognizant of the professional frame of mind. To have a successful career in finance, certain years of minimum experience are required. Become a finance manager for 4“9 years; the average salary for a finance manager is ₹9.3 lakhs per year.

Various academic institutions offer internships to students to build their careers in finance, management, and accounting. Northstar Academy is one of the finest institutions that has trained 15000+ students aspiring for a professional career and aims to provide them with the right guidance. We offer an effective eLearning environment for finance courses for CMA (USA), ACCA, CPA, FRM, and CFA courses, wherein it includes live interactive classes with backup classes, a dedicated mobile app for learning courses, official study materials with handwritten to easy understanding purposes, and self-learning classes. Call us to know more at +918147470707 or fill out the inquiry form to get in touch with the experts.

Frequently Asked Questions

Which are the best MBA finance colleges in Delhi?

This is one of the most frequently asked questions, Some of the best MBA finance colleges in Delhi are Amity University, Asian Business School, Jamila Milia Islamia, and FOSTIIMA Business School.

What are the other courses offered by top MBA finance colleges in Kolkata?

Business Administration), B.Sc (Bachelor of Science), B.C.A (Bachelor of Computer Application), B.P.T (Bachelor of Physiotherapy).

Which is the best mobile application for Finance Courses?

The NorthStar Academy application has ranked India's top 5 education apps for finance and has designed a user-friendly mobile application for students, parents, and tutors for fee management, performance reports, and online attendance. You can download the application from the Play Store. Start your early career finance manager with 1-4 years in popular companies and become a successful finance manager with 5-9 years of experience with an average salary of ₹9.3 lakhs

Can you list down some of the best colleges for MBA Finance in Bangalore?

Here is the categorization for the best colleges for MBA Finance in Bangalore:

  • IIM Bangalore
  • XIME Bangalore (Xavier Institute of Management & Entrepreneurship)
  • Christ University, Bangalore
  • Centre for Management Studies, Jain University, Bangalore
  • Alliance University, Bangalore
  • SIBM Bangalore, Symbiosis Institute of Business Management
Which are the top MBA Finance colleges in India in 2022?

Below is the list of top MBA Finance colleges in India in 2022 based on the number of opportunities, packages offered, and faculties.

  • Indian Institute of Management, Ahmedabad
  • Indian Institute of Management, Calcutta
  • Indian Institute of Management, Bangalore
  • Xaviers Labour Research Institute Jamshedpur (XLRI)
  • Faculty of Management Studies, Delhi (FMS)
  • Jamnalal Bajaj Institute of Management Studies, Mumbai (JBIMS)
What are the Top 10 colleges in India for MBA Finance and their fee structure?
  • SP Jain, Mumbai: 17.5 Lac
  • IIM Lucknow: 19.25 Lac
  • IIM Kolkata: 23 Lac
  • IIM Kozhikode : 20.5 Lac
  • IIM Raipur: 13.3 Lac
  • Symbiosis Institute of Business Management: 19.4 Lac
  • NMIMS Institute of Business Management, Mumbai: 21.9 Lac
Based on which factors, top colleges in India for MBA Finance are ranked?

The key factors based on which the colleges are ranked are:

  • Faculty
  • Placement
  • Infrastructure
  • Specializations
  • Research Projects
  • Fees
What is the MBA in Finance Syllabus?

Here is the semester-wise syllabus for MBA in Finance:

First Year

Semester 1

  1. Micro Economics
  2. Principles of Marketing Management
  3. Tools and Frameworks for Decision-Making
  4. Organisational Behaviour-1
  5. Business Communication And Soft skills
  6. Quantitative Methods and Statistics
  7. Principles of Accounting
  8. Corporate Social Responsibility

Semester 2

  1. Strategic Management
  2. Supply Chain Management
  3. Corporate Governance and Business Ethics
  4. Corporate Finance-2
  5. Managerial Economics
  6. Marketing Research
  7. Financial Modelling
  8. Business Intelligence

Second Year

Semester 3

  1. Macro Economics
  2. Operations Management
  3. Optimization and Project Research
  4. Business Law
  5. Corporate Management

Semester 4

  1. Organization Behaviour-2
  2. Internship Projects
  3. Optimization and Project Research
  4. Marketing Management
  5. Project Submissions
Which are the best colleges for finance in India under the fee of INR 10 lac?

Here is the list of colleges that are best for finance and that are less than INR 10 lac:

Department of Management Studies, IIT Delhi: 9.89 Lac

New Delhi Institute of Management: 9.7 Lac

Narayana Business School, Ahmedabad: 6.5 10.85 Lac

AIMS Institute, Bangalore: 8.75 Lac

DoMS IIT Madras : 6.99 Lac

VIT Business School, Vellore : 7 Lac

What are the best colleges for MBA finance in India with 100% placement?

Here is the list of top colleges for MBA Finance in India with 100% placement assurance:

IIM Calcutta

IIM Ahmedabad

FMS Delhi

ISB Hyderabad

IIM Lucknow

IIM Bangalore

XLRI Jamshedpur

SPJIMR Mumbai

IIFT

IIM Kozhikode

What is the average experience required to become a finance manager?

Related reviews by similar designations Based on 21 salaries, it has been shown that 4“9 years of experience earn a salary of ₹9.3 lakhs per year. Increasing your pay depends on your level of education and management experience.