Master of Business Administration [MBA] in Finance and HRM Top Colleges, Syllabus, Scope and Salary

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Pranjal Singhal

Content Curator | Updated on - Jul 31, 2021

MBA in Finance and HRM is a postgraduate level program with a duration of 2 years. Students seeking admission to this course must hold a Bachelor’s degree in relevant discipline or equivalent from a recognized university. 

Some of the top institutes offering MBA in Finance and HRM are given below:

The average fee to pursue this program ranges from INR 56,000 to 8,74,000.

Admission to this course is granted on the basis of candidate’s performance in the entrance test conducted at the university level or national level. Post the entrance exam, every university or institute conducts their own GD/PI round, after which student will finally secure a seat in that particular institute or university. 

Students who want a successful and promising career in Banking and Finance along with HR are suited for this course. MBA in Finance and HRM course provides numerous career opportunities to students in the Finance market.

The career options in this course include employment in various sectors such as in Colleges and Universities, Banking Sector, Financial Organizations, Marketing etc. On completion of MBA in Finance and HRM program, students can opt for jobs of various profiles such as Marketing Manager, Banker, Finance Manager, Teacher/ Lecturer etc. Students holding an MBA degree in Finance and HR Management will get an average annual salary ranging from INR 3 to 8 Lacs and this salary depends on the experience and knowledge of the candidate.

Top Colleges for Master of Business Administration [MBA] (Finance and Human Resource Management)

MBA in Finance and HRM: Course Highlights

Course Level Postgraduate
Duration 2 Years
Examination Type Semester System
Eligibility Master’s degree in relevant discipline or equivalent
Admission Entrance Test followed by Group Discussion and Personal Interview
Course Fee Ranges from INR 56,000 to INR 8,74,000.
Average Starting Salary INR 3,00,000 to INR 8,00,000
Top Recruiting Organizations Jain University, RBI, State Bank of India, NBFC, MNCs and various Govt. Organizations.
Top Recruiting Areas Colleges and Universities, Banks, Financial Organizations, Marketing sector etc.
Top Job Profiles Marketing Manager, HR Manager, Banker, Finance Manager, Teacher/ Lecturer etc.

MBA in Finance and HRM: What is it About?

MBA in Finance and HRM program generally focuses on the topics related to Finance and Human Resource Management. This course is concerned mainly with the Accounts and Finance Sector.

Students who wish to make their career in the banking and financial sector and want to work for big organizations as an HR Manager are well suited to this course. Candidates seeking admission to MBA in Finance and HRM course should possess skills such as Managerial skills, Leadership skills and time management skills.

On completion of this course, students can opt for jobs in various sectors such as in Colleges and Universities, Banks, Financial Organizations, MNCs etc. as a Marketing Manager, HR Manager, Banker, Finance Manager, Teacher/ Lecturer etc.

MBA in Finance and HRM: Top Institutes

A list of some of the top institutes/ universities across India offering this course is provided in the table given below:

Name of the Institute Location Average Course Fee
Nitte Meenakshi Institute of Technology, NMIT Bangalore, Karnataka INR 1,70,000
CMS Business School, Jain University Bangalore, Karnataka INR 8,74,000
Centre for Management Studies Bangalore, Karnataka INR 2,56,000
Kuvempu University Shimoga INR 56,000

MBA in Finance and HRM: Eligibility Criteria

Students seeking admission to MBA in Finance and HR Management must hold a Bachelor’s degree in relevant discipline or equivalent from a recognized university. Candidates are required to clear the cut off percentage decided by the respective College or University in the entrance test.

MBA in Finance and HRM: Admission Procedure

Admission to MBA in Finance and HRM course will be granted strictly on the basis of candidate’s performance in the entrance test conducted by the College/ University followed by Group Discussion and Personal Interview. Admission to this course will commence in the month of August. Students who are willing to seek admission to this course can apply for the same either online or offline.

In order to fill the application form online, students have to visit the College’s/ University’s official website and enter all the necessary details correctly in the form. On successful registration, the admission authorities will contact you after which you have to visit the college/ university campus in person will all the documents required such as Graduation Mark Sheet, Degree, ID proof and Photographs to complete the admission process. Candidates who wish to apply offline are required to visit the university/ college and purchase the application form and submit the same after filling it correctly.

The list of colleges offering MBA in Finance and HRM program along with their admission procedure is given below:

Nitte Meenakshi Institute of Technology, NMIT Entrance Test + GDPI
CMS Business School, Jain University Entrance Test + GDPI
Centre for Management Studies Entrance Test + GDPI
Kuvempu University Entrance Test + GDPI

On receiving all application forms, the above-mentioned institutes releases its cut-off marks in the entrance examination for admission to MBA in Finance and HR Management course. Admission to this course will be granted only to those candidates who clear the cut-off marks decided by the respective colleges/ universities and also on meeting the other necessary admission requirements decided by the admission authority.

MBA in Finance and HRM: Syllabus and Course Description

While pursuing MBA in Finance and HRM program, candidates have to study the subjects mentioned below. The details of subjects that candidates need to study in each semester are provided in the table given below:

Semester I Semester II
Management Process and Practices Human Resources Management
Accounting for Managers Marketing Management
Business Communication Financial Management
Quantitative Techniques Research Methodology
Organizational Behavior Management Science
Managerial Economics Legal Aspects of Business
Production and Operations Management Management Information System and Computer Application
Semester III Semester IV
Entrepreneurship Development and Management of MSME. Strategic Management and Business Policy
Business Ethics and Corporate Governance International Business
MM: Consumer Behavior & CRM FM: Indian Financial System. HRM: Training and Management Development MM: Rural Marketing Management FM: Corporate Tax Planning HRM: Strategic Human Resource Management
MM: Sales, Logistics Management and Retailing. FM: Advanced Corporate Finance HRM: Industrial Relations and Labour Legislation. MM: Business & Services Marketing FM: Financial Derivatives. HRM: Organizational Development and Change Management
MM: Advertising and Brand Management. FM: Security Analysis and Portfolio Management HRM: Performance Management. MM: International Marketing. FM: International Financial Management HRM: International Human Resources Management
In-Plant Training Concurrent Project work & Viva-voce

MBA in Finance and HR Management: Career Prospects

MBA in Finance and HRM course is beneficial for students as it helps them in learning about the major reforms in the financial sector as well as about the Marketing. This course contributes towards making students a successful banker. This course also helps in enhancing the communication, leadership and time management skills of students. Various opportunities exist for students holding MBA degree in Finance and HR Management. Several jobs exist for professionals in this field such as they could work in Colleges and Universities, Banks, Financial Organizations, MNCs etc.

A person holding MBA in Finance and HRM degree could work in the following profiles on completion of this course:

  • Marketing Manager
  • HR Manager
  • Banker
  • Finance Manager
  • Teacher/ Lecturer

MBA in Finance and HRM Top Recruiters

  • Jain University
  • State Bank of India
  • RBI
  • NBFC
  • MNC

MBA in Finance and HRM: Salary Trends

MBA in Finance and HRM is a top dual degree MBA program. This is a rare yet popular combination as it helps students in enhancing their leadership and communication skills. The average salary offered to MBA degree holders in Finance and HR Management ranges from INR 25,000 to INR 65,000 per month depending on the college, degree, experience and knowledge of the student. Students having experience in this field will surely get a job with high salary.

MBA in Finance and HRM annual salary
Job Profile Job Description Average Annual Salary (INR)
Marketing Head The job of a Marketing Head is to handle the marketing area such as developing marketing policies, planning and promoting promotional campaigns etc. INR 3,00,000 to INR 7,00,000 per year
Finance Manager A Financial Manager is responsible in maintaining the Financial health of an organization. He is responsible for handling all Financial matters. INR 4,00,000 to INR 8,00,000
HR Manager The job of an HR Manager is to manage and develop all HR related programs and policies of an organization INR 2,40,000 to INR 6,00,000
Lecturer/ Teacher One can work as a teacher/ Lecturer in Colleges and teach students about the concepts of Finance and Human Resource Management. INR 3,00,000 to INR 6,00,000

Master of Business Administration [MBA] (Finance and Human Resource Management) : 34 answered questions

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Ques. How is IIM Rohtak for MBA finance? How is the crowd and professors? What is the real average package?

● Top Answer By Keshav Jindal on 31 Jul 21

Ans. IIM Rohtak offers an MBA degree and you can take up a specialization in finance in your second year of study. As one of my friends studied there, I might be able to answer your question. Crowd The crowd/batch consists of everyone including you. The student crowd overall is really good and diverse. They are usually helpful. Seniors also help to solve problems, be it about studies, participation, involvement in class, etc. The crowd will depend on the overall behavior of the students. Faculty The faculty here is really helpful and cooperative. They are highly educated and well versed in their particular fields. A good faculty will result in a good performance by the college and its students. Placements:- This is the most important thing to consider while selecting a college. The student profiles, the summer internship performance, your academic as well as non-academic performance in college, the industry dynamics, and many other factors determine the placements. For your better knowledge, these are the final placements for the 2019-2021 batch. Categories MBA (Finance) at IIM Rohtak Course Fee 16.55 lakh Highest CTC 22.8 LPA Average CTC 13.74 LPA Median CTC 13.5 LPA No. of Recruiters 100+ No. of New Recruiters 72+ Many reputed companies participate in their placement program. These include Capgemini, Infosys, TCS, Mindtree, Godrej, Nerolac, Wipro, KPMG, Microsoft, HCL, HP, Deloitte, Mercedes, Morgan Stanley, and many more. Thus, you can easily opt for IIM Rohtak, as it is a good institute to pursue MBA in Finance. If you get an opportunity to study here, do go for it.Read more
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Ques. Which one should I choose: MBA at IIT Kharagpur (operations) or IMT Ghaziabad (finance)?

● Top Answer By Keshav Jindal on 31 Jul 21

Ans. Opting for a field in which you already possess some knowledge would be beneficial rather than going for an entirely new field. You are experienced in industrial structures and have a background in civil engineering. Therefore, it would be advisable to go for an MBA in Operations instead of MBA in Finance. Progressing in this particular field in the future would be swift and easy for you as well as Operations was included in your major. Evaluate your priorities and then make a decision. If you bear doubts regarding it then you might as well prefer going for the MBA program at IIT Kharagpur. The management departments at IITs are developing with highly qualified management faculties as well as excellent students. It is an outstanding campus that would lead to your overall development. Categories MBA (Operations) at IIT Kharagpur MBA (Finance) at IMT Ghaziabad Course Fee 10.30 lakh 19.53 lakh Highest CTC 20 LPA 22 LPA Average CTC 14 LPA 11 LPA Recruiting Companies ITC, P&G, Deloitte, KPMG, etc. Goldman Sachs, Google, DE shaw, Credit Suisse, etc. Within the two-year MBA course, your skills would be enhanced in the competitive environment provided by the institute. The vigorous activities would be a plus point in building you professionally for the corporate world.Read more
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Ques. Can I do a PGDM in finance from Taxila Business School? I have cleared the MAT exam.

● Top Answer By Janvi Bhambri on 16 Jul 21

Ans. It will be better if you don’t consider MBA from Taxila business school as an option. While considering a B-school you should always look for a college that has great infrastructure, curriculum, faculties, environment, placement opportunities, and learning opportunities. And Taxila business school will not fulfill the above criteria. You should select business schools that have ranked well in the Times Business school rankings. Try to choose Tier 1 MBA institutions. If you have a good MAT score along with a good academic record then you can surely get a good institution. Also, if possible try to score well in CAT, ATMA, and other examinations too. That way you will have better options.Read more
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Ques. Which college is better for an MBA in finance, RIIM or PIBM with respect to ROI and digital certification?

● Top Answer By Shilpa Nayak on 08 Jul 21

Ans. Both of the mentioned colleges are good but amongst the two, RIIM is far better when compared with PIBM in Pune. In terms of the fee structure, there is a huge difference between both colleges. The fee structure offered by RIIMs is less than PIBM. At RIIM, practical based methods are used for teaching purposes. The placement cell of the college does its job perfectly in enhancing the personality and skills of the students. RIIM Pune concentrates on improving the entrepreneurial skills of the students enrolled in the MBA Programs. Companies offer attractive packages during the recruitment of MBA students. The college provides the students with very good knowledge about the core details of the finance sector. Categories MBA at RIIM MBA at PIBM Course Fee 1.82 lakhs 7.95 lakhs Highest CTC 10 LPA 18 LPA Average CTC 6 LPA 9-10 LPA Recruiting Companies HP, Nestle, ITC, Byju’s, etc. HUL, Godrej, Federal Bank, Tech Mahindra, etc. RIIM Pune offers the following Digital Marketing Certifications in affiliation with IIM Kozhikode: Search Engine Optimization, Social Media Optimization, Email Marketing, Google Ad words, Google Analytics, PPC & Mobile Marketing. RIIM Pune also offers Value-Added Programs like SAP (Basic), Advance Excel, Business Analytics, Six Sigma, IT Skills from Microsoft, workshops at National Stock Exchange.Read more
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Ques. How is PIBM for finance placements?

● Top Answer By Keshav Jindal on 08 Jul 21

Ans. Without any doubt, PIBM is one of the best colleges in India for management. It offers an AICTE approved PGDM course. It also offers an MBA program in affiliation with Savitribai Phule Pune University. It provides placement training where they give complete experimenting learning, profile building, and even SCPS approach (Sector, Company, Product/Service). For Finance, they offer proficiency enhancement training and certification in curricular like Bloomberg Terminals, Ace Analyzer, Advance Excel, Balance sheet analysis, Finance modeling. The college offers industrial experience as well through summer and winter internship programs, and live projects. Many companies like Wipro, ITC, Deloitte, etc. come to the placement drive for recruiting. The average package offered to the students in the recent placement drive of 2021 was INR 6.5 LPA, placing 550+ students. The job profiles offered are in Investment Banking, Equity Research, Corporate Finance, Commercial Credit, Finance Quality Management, Treasury Management, etc. PIBM is one of the best institutions offering many opportunities along with wonderful placements for finance. So if you are interested in applying, grab the opportunity.Read more
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Master of Business Administration [MBA] (Finance and Human Resource Management) Fee Structure in India


41.79 K (Minimum Fee)PUBLIC COLLEGES48.78 K  (Maximum Fee)
45.28 K (Average Fee)
3.26 L (Minimum Fee)Private COLLEGES9.90 L (Maximum Fee)
8.39 L (Average Fee)

Master of Business Administration [MBA] (Finance and Human Resource Management) Fee Structure By state


Karnataka

48.78 KPUBLIC COLLEGES48.78 K
48.78 K
3.26 LPrivate COLLEGES9.90 L
8.39 L

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Campus Life :

The campus is huge and amazing. it has a huge auditorium, canteen, play ground, basket ball court, library. it has a big library but must add some more books for the management studies. also must work on the classrooms, MBA classrooms are not that good. it has AV halls which are nice. Talking about the sports and cultural activities the college conducts inter college fest called cultural and inter college sports fest. there are various clubs, social groups one such is Rotaract club. they conduct various activities in the club.

Course Curriculum Overview :

I chose this course because I wanted to get into management field. The department has well qualified and experienced faculties. some faculties come up with wonderful teaching method making the topic more interesting and much understandable. there are around 50 students per class. the department conducts three internal tests called IAT, presentations and assignments which is counted for the final score. IATs are conducted once in a month.

Loan/ Scholarship Provisions :

the college provides scholarship to meritorious students. there is a separate cell for scholarship. the cell updates the students about various scholarships provided by the government and also assists the students in applying it.

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Master of Business Administration [MBA] (Finance and Human Resource Management) Colleges IN INDIA

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Jain University - [JU]
Bangalore, Karnataka
CRISIL
3.88 L first year fees
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9 L Total fees
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Periyar University
Salem, Tamil Nadu
22.08 K first year fees
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