MBA in Finance: Top Colleges, Career, Subjects, Courses, Fee, Syllabus

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Updated on
September 28, 2023

MBA in Finance: Key Highlights, Top Colleges, Types and Modes of Program, Cut off, Fee, Placements, Admission Process

 

Latest Updates: 

  • IIM Kozhikode completed strong Placements 2023 for MBA Finance 2021-23 Batch with Average Salary of Rs.27.97 LPA and Highest Salary of Rs.48 LPA; Application for Admission 2024 Opening Soon
  • IMT Ghaziabad PGDM Financial Management 2021-23 batch completed Placement 2023 with 13.4% rise in Average Salary at Rs.17.35 LPA and Highest Salary has gone up at Rs.65.60 LPA; Application for PGDM-FM Admission 2024 is Open
  • IMI New Delhi PGDM Banking & Financial Services (PGDM-B&FS) 2021-23 batch completed strong Placements 2023 with average salary of Rs.17.01 LPA and Highest Salary of Rs.50 LPA; Application for PGDM-B&FS 2024 Admission is Open

MBA in Finance

MBA in Finance is one of the most preferred MBA courses which provides expertise and management skills in Financial Management, Banking, Investment and other areas. MBA in Finance in India has become one of the most sought-after MBA programmes. Because of growing industry demand, MBA in Finance in India has become one of the most preferred specialized MBA courses. IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, IMT Ghaziabad, IMI New Delhi, JBIMS Mumbai, K J Somaiya, FORE School of Management and many other leading B-schools are offering different types of MBA in Finance programs.

 

Read the Table of Contents below to know the key highlights and importance of MBA in Finance program, Top MBA Colleges for MBA in Finance in India, MBA Finance Eligibility, MBA Finance Jobs and Career Options, current average salary offered and more  

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 Table of Contents

  1. What is MBA in Finance in India? Key Details & Scope
  2. Type of MBA in Finance Colleges in India
  3. Top MBA Colleges for MBA in Finance in India
  4. MBA in Finance IIM offered programmes
  5. MBA in Finance Offered by Top Colleges & Universities in India as Stand Alone Programme
  6. Top MBA Finance Colleges Offering Specialization within 2-year Full-time General MBA
  7. Top Specialized Colleges offering MBA in Financial Management, Stock Markets & related programs
  8. MBA Finance Eligibility Criteria for Admission
  9. MBA Finance Admission Process
  10. MBA in Finance Fees
  11. MBA in Finance Placements
  12. MBA in Finance Scope and Career Options
  13. MBA in Finance and MBA Banking & Finance: Key Difference
  14. MBA in Finance Syllabus and Courses
  15. Which MBA in Finance Specialization is Best for You? Decide before Joining

1. What is MBA in Finance in India? Key Details & Highlights
MBA in Finance is the one of the most preferred MBA programmes. It may be offered as a specialization within the General MBA or can be a standalone MBA in Finance Specialization programme. Key highlights of MBA in Finance specialization are:

  • MBA in Finance Specialization is AICTE approved or UGC Recognized 2 Years full time programme
  • MBA Finance Jobs and Career Options are offered at high salary packages with diverse roles
  • MBA Finance programme improves skills in Financial Management, Corporate Financial Planning, Corporate Acquisitions & Mergers, Accounting, and Banking
  • MBA Finance syllabus is designed in such a way that it enables the students to analyse the Financial Reports, Forecast financial and economic trends, making stock profitable, making a balance approach between risk and profitability, managing and maximizing investment portfolio with minimum risk factor
  • Private Equity Companies, Corporates, Banks, Asset Management Companies, and Insurance Companies are some of the top recruiters of MBA Finance
  • Top MBA colleges offering specialization in Finance include IIM Ahmedabad, Calcutta, Kozhikode, FMS Delhi, JBIMS Mumbai among others.

2. Type of MBA in Finance Colleges in India
Management Colleges offering MBA Finance Courses in India are many which offer different types of MBA in Financial Management courses in India, but their nature and coverage areas are same. MBA in Finance best colleges in India offer following type of programmes:

  • 2-Year Full Time Specialized MBA in Finance by IIM like IIM Kozhikode
  • 2-Year Full Time Specialized MBA Finance or MBA Equivalent PGDM in Finance by B-Schools and Universities like JBIMS, IMI, IMT, FORE, TAPMI
  • MBA Specialization in Finance offered within 2-year full time General MBA/PGDM Program like IIM Ahmedabad, IIM Bangalore, FMS Delhi, K J Somaiya
  • Top Specialized MBA Finance Colleges offering MBA in Finance with specialization in Stock Markets, Banking Management & related programs like MSE, BSE, DSE, NIFM

3. Top MBA Colleges for MBA in Finance in India
If you are looking for top MBA in Finance colleges in India, below are the top management colleges with MBA in Finance Courses

Top Institute offering MBA in Finance
Programme Name
Duration & Mode
IIM Ahmedabad
PGP with specialization in Finance
On campus; 2 years full time
IIM Bangalore
MBA with specialization in Finance
On campus; 2 years full time
IIM Calcutta
MBA with specialization in Finance
On campus; 2 years full time
XLRI Jamshedpur
PGDM with specialization in Finance
On campus; 2 years full time
IIM Kozhikode
PGP Finance
On campus; 2 Years full time
Jamna Lal Bajaj Institute of Management Studies (JBIMS) Mumbai
M.Sc. Finance
On campus; 2 years full time
International Management Institute (IMI) New Delhi
PGDM Banking & Financial Services
On campus; 2 years full time
IMT Ghaziabad
PGDM Financial Management
On campus; 2 years full time
K J Somaiya Institute of Management, Mumbai 
MBA with Specialization Major in Finance
On campus; 2 years full time
Apply Now

Let us know about each type of institutes offering MBA in Finance with the programme name, duration.  

 

4. MBA in Finance by IIMs
Apart from their general MBA programs, MBA in Finance IIM offered programmes include 2 year full time specialized MBA programmes in Finance. So far only one IIM has launched exclusive and separate MBA Finance like its flagship MBA programme instead of an elective or specialization 

IIMs offering MBA in Finance
Programme Name
Duration & Mode
IIM Kozhikode
Post Graduate Programme in Finance (PGP Finance)
2 Years Full Time; On Campus Read More

5. MBA in Finance Offered by Top Colleges & Universities in India as Stand Alone Programme
MBA in Finance Specialization program is offered by many top Colleges & Universities as exclusive Stand-alone MBA Program.  The student has to apply for this program only at the time of MBA admission. Many of the top MBA colleges like IMI, IMT, TAPMI, FORE, LBSIM, offer exclusive MBA Finance or MBA in Banking & Finance or MBA in Banking & Insurance. JBIMS Mumbai has launched MSc Finance which is also equivalent to 2 years full time MBA Finance course in India.

 

To cater to the rising demand of MBA Finance, these MBA Colleges and private PGDM colleges are offering specialized MBA/PGDM in Finance on the lines of their flagship MBA programme. Some of the top MBA colleges in Non-IIM category offering 2 year full time specialized MBA/PGDM are given below:

Exclusive MBA in Finance Offered by Top Universities & B-schools
Programme Name
Duration & Mode
JBIMS Mumbai
M.Sc. Finance
On campus; 2 years full time
International Management Institute (IMI) New Delhi
Post Graduate Diploma in Management -Banking & Financial Services (PGDM-B&FS
On campus; 2 years full time
Institute of Management Technology (IMT) Ghaziabad
PGDM Financial Management; PGDM Banking & Financial Services
On campus; 2 years full time
Lal Bahadur Shastri Institute of Management (LBSIM) New Delhi
PGDM-Financial Management
On campus; 2 Years Full time
FORE School of Management, New Delhi
PGDM-Financial Management
On campus; 2 Years Full time
T A Pai Management Institute (TAPMI), Manipal
MBA– Banking & Financial Services (BKFS)
On campus; 2 Years Full time
IMT Nagpur
PGDM Financial Management
On campus; 2 Years Full time
National Institute of Bank Management (NIBM) Pune
PGDM Banking & Financial Services (B&FS)
On campus; 2 Years Full time

6. Top MBA Finance Colleges Offering Specialization within 2-year Full-time General MBA
MBA Specialization in Finance is offered within 2-year full time General MBA/PGDM Program at almost all the top MBA colleges in India. Finance is one of the most popular specializations offered in the flagship MBA/PGDM programs. There are IIMs, FMS, XLRI, MDI among other top MBA colleges that offer MBA Finance as a Specialization in 2nd year of their flagship MBA program. List of Top MBA Colleges offering MBA Finance Specialization is below.

Institute
Programme Name
Duration & Mode
IIM Calcutta
MBA with Specialization in Finance
On campus; 2 years full time program
IIM Ahmedabad
PGP with Specialization in Finance
On campus; 2 years full time program
IIM Bangalore
MBA with Specialization in Finance
On campus; 2 years full time program
XLRI Jamshedpur
PGDM with Specialization in Finance
On campus; 2 years full time program
IIM Lucknow
PGP with Specialization in Finance
On campus; 2 years full time program
Faculty of Management Studies (FMS) Delhi
MBA with Specialization in Finance
On campus; 2 years full time program
Management Development Institute (MDI) Gurgaon
PGDM with Specialization in Finance
On campus; 2 years full time program | Apply Now
XIMB Bhubaneshwar
MBA with specialization in Finance
On campus; 2 years full time program | Apply Now
Great Lakes Institute of Management, Chennai
PGP with specialization in Finance
On campus; 2 years full time program | Apply Now

7. Top Specialized Colleges offering MBA in Financial Management, Stock Markets & related programs
Many top specialized financial institutes, colleges, Universities like Delhi University offer MBA/PGDM Financial Management programs with different titles. All these programs equip the candidates with key skills in financial management. Some of the best institutes/colleges offering these programs are:

Sl No.
Name of MBA College
1
National Institute of Bank Management (NIBM), Pune
2
National Institute of Financial Management (NIFM), Faridabad
3
National Institute of Securities Markets (NISM), New Delhi
4
Department of Financial Studies (DFS), Delhi University, Delhi
5
National Stock Exchange (NSE) Academy, Mumbai
6
Bombay Stock Exchange (BSE) Institute, Mumbai
7
National Insurance Academy (NIA), Pune

Apart from these MBA colleges offering full time MBA in Finance Management courses, there are number of MBA colleges offering Part Time MBA in Finance Management and Online Specialized MBA/PGDM or Certificate programs in MBA in Finance.  

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8. MBA Finance Eligibility Criteria for Admission
So, who should pursue MBA in Finance and what are the key points that determine the Admission Eligibility for MBA in Finance programme? Read below the key details:

 

8.1 Eligibility Criteria for MBA Finance Admission
Three main points that determine MBA Finance Eligibility Criteria are:

  • Graduation from an AICTE approved or UGC recognized institute with minimum 50% marks
  • Those who are in final year of graduation can also apply
  • Applicant must have appeared in at least one of entrance exams accepted by the institute like CAT/XAT/NMAT/SNAP/IBSAT/MAT/CMAT among others

8.2 Who should opt for MBA in Finance?
If you are a BBA, BBM, Economics or Commerce student and have keen interest in finances and wish to make your career in financial management, Investment and strategy, the MBA in Finance is an ideal programme for you. Key skills which are need to pursue MBA in Finance, are accounting, financial data analysis, budgeting, financial reporting, cash management among others. MBA in Finance offers you the opportunity to prove your mettle in the leadership positions as Financial consultant, Financial Analyst, Finance and Accounts Manager among others.

 

9. MBA Finance Admission Process
MBA in Finance Admissions are done like other MBA courses. The top MBA finance colleges shortlist the applicants based on different MBA Finance Entrance Exams. The step wise MBA Finance admission process is as below:

  • Check your eligibility. Minimum 50% marks in graduation required
  • Apply and appear in the MBA finance entrance test acceptable to the institute. For example-IIMs accept CAT, XLRI accepts XAT, SCMHRD accepts SNAP, NMIMS accepts only NMAT, FORE, IMT and IMI accept CAT and XAT score, TISS accepts TISSNET scores.
  • MBA Finance cut offs for admission are lower that for flagship MBA program and offers same level of learning experience followed by good placements
  • Appear in the final selection round, if shortlisted for interview
  • Pay Fee for the MBA Finance Course

10. MBA in Finance Fees
MBA Finance Fee Structure is like that of flagship MBA programme. MBA in Finance Fees at top MBA colleges is as below:

MBA College
MBA Finance Fees
IIM Ahmedabad
Rs. 25.00 lakhs
IIM Bangalore
Rs. 24.70 lakhs
IIM Calcutta
Rs. 25.00 lakhs
XLRI Jamshedpur
Rs. 24.80 lakhs
IIM Kozhikode
Rs. 20.50 lakhs
International Management Institute (IMI) New Delhi
Rs. 20.19 lakhs
IMT Ghaziabad
Rs. 19.53 lakhs
K J Somaiya Institute of Management, Mumbai
Rs. 19.95 lakhs Apply Now

11. MBA in Finance Placements
MBA Finance placements go at par with flagship MBA programme. Some of the top MBA colleges with latest MBA in Finance placements are as below:

MBA College
MBA Finance Average Salary 2023
IIM Bangalore
Rs. 35.31 LPA
IIM Calcutta
Rs. 35.07 LPA
XLRI Jamshedpur
Rs. 32.70 LPA
IIM Kozhikode (MBA Finance)
Rs. 27.97 LPA
JBIMS Mumbai (MSc Finance)
Rs. 21.36 LPA
International Management Institute (IMI) New Delhi
Rs. 17.01 LPA
IMT Ghaziabad
Rs. 17.35 LPA
K J Somaiya Institute of Management, Mumbai
Rs. 12.32 LPA Apply Now

11.1 Top Recruiters for MBA in Finance
Some of the top recruiters who look for candidates with MBA in Finance qualification include KPMG, Deloitte, Boston Consulting, Axis Bank, Yes Bank, ICICI, Goldman Sachs, Morgan Stanley, CRISIL, J P Morgan, Barclays, McKinsey, Lehman, Bain & Co, Merrill Lynch among others. 

 

12. MBA in Finance Scope and Career Options
Scope of MBA Finance programme is very wide as it is in demand from all corporate sectors. An MBA in Finance can groom his career in insurance, financial planning, banking, accounting, taxation, financial investment, corporate finance, portfolio management, planning, taxation, budgeting, hedge fund management, international finance, banking & insurance management. In fact every Corporate entrity needs finance professionals at all levels of hierarchy.

 

MBA Finance job opportunities exist in Banking, Corporate Finance, Accounting & Taxation, Investment Management, Mergers & Acquisition, Fund Management, International Finance, Insurance Management, Stock Portfolio Management among other key areas. The graduates with MBA Finance are offered key roles and profiles like Financial Analyst, Credit Risk Manager, Portfolio Manager, Treasury Manager, Derivatives Trader,  Structuring, Assistant Vice President – Finance/Corporate Banking, Corporate Finance Manager among others. Some of the MBA in Finance Career options with roles and profiles offered are

Career Options for MBA in Finance Professionals
Roles & Profiles Offered
Finance
Acquisition, mergers, investments, dealing in financial products
Banking
Acquisitions, Capital markets, Mergers, Financial Analyst
Credit Risk Management
Future risks, Policy formation, Reducing Credit Risks, Performance Analysis, Report preparation and analysis
Asset Management
Feasibility of assets acquisition and presenting related reports to business stakeholders.
Hedge Fund Management
Managing the hedge fund investments, investment objectives, fee structures and liquidity provisions.
Private Equity
Find investors, assisting with investments, promoting investments

13. MBA in Finance and MBA Banking & Finance: Key Difference
MBA in Finance and MBA Banking & Finance both equip students to pursue careers in the financial world, in domains such as corporate finance, investment banking, and wealth management.

 

However, the key difference in both the programmes is that while MBA in Finance focuses on the core finance and allied services industry and aspires to meet the significant unmet industry needs. The program is based on financial theory & application, with an aim to equip young graduates with knowledge and skills necessary for a successful career in the core finance, fintech, and financial services industry.

 

MBA in Banking & Financial Services is designed to cater to the growing needs of management professionals for Banking and Financial Services industry. The program is focused to develop quality management professionals equipped with technical and managerial competency. The focus of the program is to develop a holistic and integrative approach towards management in Banking and Financial Services industry.

14. MBA Finance Syllabus and Courses
The MBA Finance Syllabus is designed in such a way that the Management graduate in finance is able to handle multiple financial management tasks simultaneously. The key topics in MBA in Finance course subjects as included in IIM Calcutta, Ahmedabad, XLRI among other top MBA colleges are:

  • Money and Banking
  • Financial Risk Management
  • Management Control System
  • International Finance
  • Bank Management
  • Fixed Income Markets
  • Structured Finance
  • Infrastructure and Project Finance
  • Options, Futures & Derivatives
  • Business Valuation
  • Investment Analysis and Portfolio Management
  • Corporate Restructuring
  • Behavioural Finance
  • Trading Strategies
  • Financial Modelling
  • Infrastructure Finance
  • Financial Risk Management
  • Commodity Finance
  • Acquisitions & Mergers
  • Corporate investment management
  • Portfolio management
  • Hedge fund management
  • Small business and corporate finance
  • Investments
  • Securities analysis
  • Borrowing
  • Fundraising
  • Collections
  • Disbursements

To summarize, MBA Finance is a good choice for MBA aspirants who are good with numbers and will like to work with fast growing sectors like Private Banking, Financial Services (AMC, Wealth Management etc), Insurance, Corporate Finance and related areas. You can either decided to pursue MBA Finance from a good B-school (List above) or select a Specialized Institute in area of your choice. Above list of MBA Finance Colleges in India will help you.

 

15. Which MBA in Finance Specialization is Best for You? Decide before Joining
The MBA programs in Finance range from being standalone to part-of-regular MBA program, from full-time to part-time and many other options. While all 2-year Full-Time Regular MBA programs offer this specialization in second year of their program, there are a few top Institutes offering Specialized MBA in Finance right from the day one.

 

If you pursue General MBA in top B-schools, you can choose your specialization in the end of first year but if you are taking admission in the specialized MBA program, you pursue your specialization on the day one of the first year. So, before entering the MBA program, you should give a thought to the idea whether you wish to choose your specialization after one year of study or want to pursue MBA in Finance without leaving scope for change. 

 

If you are passionate and clear about making a career in MBA in Finance, you can go for full time MBA in Finance specialization and join the specialized program right from beginning. Please note that top B-schools like IIM Kozhikode, JBIMS, IMI, IMT conduct separate GD-PI-WAT for admission to MBA/PGP Finance programs.   

 

If you have less time and wish to complete your MBA in Finance faster, you can join one year full time MBA in Finance offered by many top B-schools. But if you are a working professional and cannot join a regular program, you can opt for part time or online MBA in Finance specialized program.

 

This completes our article on MBA in Finance. We hope you found this article helpful. Check out more Specialized MBA Programs to help you decide the right program for you: