Master of Business Administration in Financial Management Top Colleges, Syllabus, Scope and Salary

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Sakshi Gupta

Content Curator | Updated on - Jul 31, 2021

Stream: Financial Management   
Duration: 2 Years

Course: M.B.A.

Course Type: Post Graduation

M.B.A. in Finance is a 2- year long postgraduate course divided across 4 semesters. Finance is the study of financial planning, economics, accounting, and other similar areas of operation in an organization or business. The first two semesters of the course are common between all students, and the last two focus on the candidates’ chosen subjects of finance-related specialization.

The average annual starting salary offered in India to successful postgraduates of the course ranges between INR 30,000 and 60,000, depending upon the candidate’s expertise in the field.

M.B.A. in Financial Management: Course Objectives

Listed here are some of the principle objectives of the course.

The course aims to prepare eligible candidates to efficiently:

  • understand key business functions such as bookkeeping, promoting, back, data frameworks and operations management.
  • pursue area specializations such as Marketing, Financial Management, and Human Resource Management.
  • develop leadership and team-building skills.
  • manage ethical issues and multicultural diversity.
  • develop and execute techniques and strategic tools to recognize, comprehend and analyze the various dimensions of the business environment.
  • pursue scholarly research for finding solutions for real-life business problems for the benefit of the academia, business organizations, community, and the nation at large.

M.B.A. in Financial Management: Course Highlights

Given here are the basic highlights of the course.

Name of the course M.B.A. In Financial Management
Course Level Post Graduation
Duration 2 years, full- time/ Distance Learning
Stream Financial Management
Examination Type Semester
Eligibility Bachelor’s Degree in any Discipline
Admission Process Entrance Exam + Group Discussion/Personal Interview
Average Course Fee INR 10 K to 15 Lacs
Average Starting Salary INR 2.5 to 24 Lacs
Top Recruiting Companies Goldman Sachs, Morgan Stanley, Merrill Lynch, Bain & Co, Boston Consulting Group, Lehman Brothers, JP Morgan, Barclays, Deutsche Bank, McKinsey, etc.

Top Institutes offering M.B.A. in Financial Management  

The average tuition fee charged in India for M.B.A. in Financial Management ranges between INR 10,000 (government institutes) and 20 lacs (private institutes).

Listed below are some of the top institutes in India that offer M.B.A. in Financial Management.

1. UNIVERSITY OF DELHI, FACULTY OF MANAGEMENT STUDIES NEW DELHI, DELHI NCR 10,480 Bachelor’s degree from a recognized university. Based on the candidate’s performance in the relevant entrance test.
2. JAMNALAL BAJAJ INSTITUTE OF MANAGEMENT STUDIES MUMBAI, MAHARASHTRA 1,02,000 Bachelor’s degree from a recognized university. Based on the candidate’s performance in the relevant entrance test.
3. CHRIST UNIVERSITY BANGALORE, KARNATAKA 1,53,000 Bachelor’s degree from a recognized university. Based on the candidate’s performance in the relevant entrance test.
4. DEPARTMENT OF MANAGEMENT STUDIES IIT DELHI NEW DELHI, DELHI NCR 4,00,000 Bachelor’s degree from a recognized university. Based on the candidate’s performance in the relevant entrance test.
5. SYMBIOSIS INSTITUTE OF BUSINESS MANAGEMENT PUNE, MAHARASHTRA 4,68,000 Bachelor’s degree from a recognized university. Based on the candidate’s performance in the relevant entrance test.
6. DEPARTMENT OF MANAGEMENT STUDIES, INDIAN INSTITUTE OF TECHNOLOGY ROORKEE, UTTARAKHAND 2,09,000 Bachelor’s degree from a recognized university. Based on the candidate’s performance in the relevant entrance test.
7. SYMBIOSIS INSTITUTE OF BUSINESS MANAGEMENT BANGALORE, KARNATAKA 5,63,000 Bachelor’s degree from a recognized university. Based on the candidate’s performance in the relevant entrance test.
8. SYMBIOSIS INSTITUTE OF MANAGEMENT STUDIES PUNE, MAHARASHTRA 5,08,000 Bachelor’s degree from a recognized university. Based on the candidate’s performance in the relevant entrance test.
9. BHARATHIDASAN INSTITUTE OF MANAGEMENT THIRUCHIRAPALLI, TAMIL NADU 5,33,000 Bachelor’s degree from a recognized university. Based on the candidate’s performance in the relevant entrance test.
10. DEPARTMENT OF MANAGEMENT PILANI, RAJASTHAN 77,500 Bachelor’s degree from a recognized university. Based on the candidate’s performance in the relevant entrance test.
11. ICFAI BUSINESS SCHOOL HYDERABAD, TELANGANA 1,65,000 Bachelor’s degree from a recognized university. Based on the candidate’s performance in the relevant entrance test.
12. CMS BUSINESS SCHOOL, JAIN UNIVERSITY BANGALORE, KARNATAKA 3,88,000 Bachelor’s degree from a recognized university. Based on the candidate’s performance in the relevant entrance test.
13. INTERNATIONAL SCHOOL OF BUSINESS AND RESEARCH BANGALORE, KARNATAKA 3,50,000 Bachelor’s degree from a recognized university. Based on the candidate’s performance in the relevant entrance test.
14. MOTILAL NEHRU NATIONAL INSTITUTE OF TECHNOLOGY ALLAHABAD, UTTAR PRADESH 51,151 Bachelor’s degree from a recognized university. Based on the candidate’s performance in the relevant entrance test.
15. FACULTY OF MANAGEMENT STUDIES, BANARAS HINDU UNIVERSITY VARANASI, UTTAR PRADESH 30,765 Bachelor’s degree from a recognized university. Based on the candidate’s performance in the relevant entrance test.
16. COCHIN UNIVERSITY OF SCIENCE AND TECHNOLOGY KOCHI, KERALA 26,555 Bachelor’s degree from a recognized university. Based on the candidate’s performance in the relevant entrance test.
17. DEPARTMENT OF MANAGEMENT SCIENCE, SAVITRIBAI PHULE PUNE UNIVERSITY PUNE, MAHARASHTRA 66,264 Bachelor’s degree from a recognized university. Based on the candidate’s performance in the relevant entrance test.
18. GIBS BUSINESS SCHOOL BANGALORE, KARNATAKA 2,55,000 Bachelor’s degree from a recognized university. Based on the candidate’s performance in the relevant entrance test.
19. AMRITA SCHOOL OF BUSINESS COIMBATORE, TAMIL NADU 4,11,000 Bachelor’s degree from a recognized university. Based on the candidate’s performance in the relevant entrance test.
20. FLAME UNIVERSITY PUNE, MAHARASHTRA 5,80,000 Bachelor’s degree from a recognized university. Based on the candidate’s performance in the relevant entrance test.

Eligibility for M.B.A. in Financial Management  

Listed here are the minimum criteria of eligibility needed to be fulfilled for admission to the course.

  • Candidates aspiring to pursue the course need to have completed graduation in any stream.
  • In most cases, qualification of a relevant entrance test GMAT, CAT, XAT, MAT, etc. The minimum eligible score may vary across institutes.

The common entrance test assesses candidates in sections such as English, problem-solving, data analysis and interpretations, numerical ability, logical reasoning and general awareness.

M.B.A. in Financial Management: Admission Process

For admission to the course, candidates are needed to qualify a relevant entrance exam such as GMAT (Graduate Management Admission Test) or CMAT (Combined Management Admission Test).

A few institutes offering the course also conduct their own entrance examinations for candidates’ assessment.

The course is also offered in the distance learning mode at Indian universities such as the Sikkim Manipal University and Indira Gandhi National Open University (OPENMAT Exam).

Also, some Indian universities offer admission to the course on the basis of the merit obtained by the candidates in the last qualifying exam, and do not usually hold entrance tests for online education.

M.B.A. in Financial Management: Academic Options

Upon successful completion of the course, candidates interested in further studies in the discipline may go for pursuing Ph.D., or post-doctoral studies in Financial Management, to pursue professions such as Professor, Teacher, Researcher etc.

M.B.A. in Financial Management: Career Prospects

Successful postgraduates of the course find lucrative career opportunities in both government and private organizations in areas such as account management, stock market, the Finance Ministry, financial consultancies, banks, and such.

Such postgraduates are hired in capacities such as Accounts Manager, Finance Manager, Business Analyst, Accounts Executive, Finance Officer, Research Analyst, Finance Analyst, Equity Research Analyst, Accounts Officer, Finance Executive, Assistant Manager, and the like.

Some of the popular professional avenues open to such postgraduates are listed below with the corresponding salaries offered for the respective positions.

Master of Business Administration [MBA] in Financial Management
Job Title Job Description Average Annual Salary in INR
Account Manager An Account Manager is in charge of the administration of offers and associations with specific clients. A Record Chief keeps the organization's current associations with customers, so as to expand the clientele 2,62,426 - 1,390,567
Finance Manager Financial Managers are in charge of the monetary soundness of an association. They deliver monetary reports, coordinate venture exercises, and create systems and arrangements for the long-haul budgetary objectives of banks, insurance agencies, and such organizations. 3,50,894 - 2,033,337 
Business Analyst Business Analysts create specialized answers for business issues, and propel an organization's business growth by characterizing, examining and reporting, and addressing business impediments. 2,87,956 - 1,293,263 

M.B.A. in Financial Management: Syllabus and Course Structure

Listed here are the principle components that form part of the course’s curriculum.

  • Business Writing
  • Calculus for Business
  • Corporate Finance
  • Financial Institutions
  • Introduction to Accounting
  • Management Information Systems
  • Advanced Marketing
  • Money and Capital Markets
  • Portfolio Analysis
  • Principles of Macroeconomics
  • Issues in Management and Organization
  • Microeconomics
  • Statistics for Business.

Master of Business Administration [MBA] (Financial Management) : 34 answered questions


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
1 Answer

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
1 Answer

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
1 Answer

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
1 Answer

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
1 Answer

Master of Business Administration [MBA] (Financial Management) Fee Structure in India

11 K (Minimum Fee)PUBLIC COLLEGES10.79 L  (Maximum Fee)
1.67 L (Average Fee)
10.44 K (Minimum Fee)Private COLLEGES8.40 L (Maximum Fee)
2.05 L (Average Fee)

Master of Business Administration [MBA] (Financial Management) Fee Structure By state


84.30 K
52 KPrivate COLLEGES8.40 L
2.22 L

Uttar Pradesh

1.76 L
17.28 KPrivate COLLEGES4 L
1.64 L

Delhi NCR

1.84 L
31.40 KPrivate COLLEGES4 L
2.26 L

Tamil Nadu

63.10 K
70 KPrivate COLLEGES2.60 L
1.41 L

Madhya Pradesh

2.34 L
50 KPrivate COLLEGES1.75 L
98.44 K


51.56 K
10.44 KPrivate COLLEGES6.70 L
2.32 L

Andhra Pradesh

30.48 K
20 KPrivate COLLEGES1.46 L
69.96 K

West Bengal

1.16 L
3.82 LPrivate COLLEGES6 L
4.94 L


9.04 L
1.50 LPrivate COLLEGES3.73 L
2.45 L


72.33 K
80 KPrivate COLLEGES1.46 L
1.13 L


3.17 L
48.50 KPrivate COLLEGES3.52 L
1.70 L


22.60 K
70 KPrivate COLLEGES1.50 L
94.96 K


2.85 L
1.20 LPrivate COLLEGES3.60 L
2.17 L


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University of Delhi, Department of Financial Studies - [DFS] (9)
MGM Institute of Management & Research- [MGM IOM & R] (3)
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Bharati Vidyapeeth University, Institute of Management and Entrepreneurship Development - [IMED] (2)
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Atmiya Institute of Technology and Science, Atmiya University - [AITS] (1)
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Annamalai University, Directorate of Distance Education (1)
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Shivaji University, Directorate of Distance Education - [DDE] (1)
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Sinhgad Institute Of Management And Computer Application - [SIMCA] Narhe (1)
Priyadarshini Lokmanya Tilak Institute of Management Studies & Research (1)
KIT's Institute of Management Education & Research - [IMER] (1)
Tirpude Institute of Management Education - [TIME] (1)
Shayona Institute of Business Management - [SIBM] (1)
Dr. K. V. Subba Reddy Institute of Technology - [KVSRIT] (1)
Rajarshi School of Management & Technology - [RSMT] (1)
Amrutvahini Institute of Management & Business Administration - [AIMBA] (1)
NBN Sinhgad School of Management Studies - [NBNSSOMS] (1)
Placement (22)
Admission (21)
Management (18)
Campus (15)
Faculty (15)
Course (14)
Course Curriculum (14)
Experience (11)
Fee Structure (11)
Program (9)
Scholarship (9)
Internship (8)
Semester (8)
Structure (7)
Business (6)

59 Reviews found out of 177274

8.3 /10

Course Curriculum Overview :

I choose MBA in finance,as out of all the courses of MBA i like finance the most, The faculty members are very experienced and most of the faculty are graduated from various premier institute like iims and iits. Their teachings style is very integrated and focussed.they create a very student friendly environment where you can clarify all your doubts without any hesitation. In every four to five months you have to appear for a term exam and after two to three month of a new section you have to appear for a midterm exam, the mid term are of 20 marks exam, project/ presentation consist of 40 mark and term exam is of 40 mark. The papers are neither so much difficult or nor easy to clear.

Campus Life :

There is 2 fest in one year one is kiit fest and another is business fest. For every semester the university will provide the study material, and you can get book from the library at free for 15-30 days.the library is open for student for study throughout the day even in the sundays.they give sports equal importance as study,a gym is also available in the campus, various sports club are also there where you can take part by paying specific fee.

Placement Experience :

Kiit offer the best campus placement offers,they train you how to appear in an interview from time to time, the campus package start from 6.5 lakh company like tcs, Infosys,hdfc bank ect.are come every year and most of the student get selected,and after mba am planning to do a corporate job

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7.3 /10

Placement Experience :

Placement of RSMT is average.Placement services1)skill Development2) Grooming & Etiquette Training3) Personality development program4) Mock Interviews and Group Discussion 5) Summer TrainingList the companies that visited the campus for theri placement:-1) Utkarsh bank2) Royal Infield3) Relaince jio4) Prisam cement5) Vodafone6) outlook India7) JARO EDUCATIONEtcRSMT focuses on skill enhancement and psychological development of students.

Course Curriculum Overview :

Course Curriculum & Exam structure are normal as a aktu instructions and sestional are play very important role of RSMT because preparation of exam start the day of sestional and learning important part these curriculum. Many industry professionals come and share there knowledge and how is work done in industry explain very well and encourage students.

Campus Life :

A campus life of RSMT is very good there are lots of facilities are available like 1) computer Lab2) Library3) Bank4) post office5) co- operative society6) shiv Mandir7) cafeteria8) sportsAll the possible facilities are available and there are many workshop organised in campus and social work blood donation and many more social work.

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8.7 /10

Placement Experience :

The placement and job concern is the prominent thing every student is always worried about. Our college has a dedicated placement cell to which caters to generating adequate placement opportunities for the students. Though on-campus placement drives bring only some of the local companies and organizations to the college. Though the guidance during the placement sessions and personality development sessions before that were literally helpful.

Fee Structure And Facilities :

The fees for the MBA was very much affordable and it was in my budget. This was one of the reasons I enrolled here as a full-time student. The annual fees I paid was Rs 2.75,000/- and in total, I paid around 5.5 lakhs for the entire course. And not only the fees but the facilities are given to us were even more amazing like a library that too fully digitized.

Faculty :

The professors were highly qualified and degree holders in the field of management and were pretty good at dealing with students from a diverse background. In each semester I was taught by good and intellectual professors and sometimes the department use to arrange guest lectures given by influenced businessmen and business analysts.

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Faculty :

Faculties are much qualified in their fields.Mostly faculties are PHD qualified and some are persuing.There are some faculties who was passed out from IIM.Guest faculties are also good they help in knowing the practicalities of a corporate,like what are the skills u need to develop to perform well in a corporate.

Placement Experience :

Placements and internships are good. Many companies takes part in placement drive and they are Amazon,Capgemini,S&P global,Flipkart,Vivo,Axix bank,Icici bank,HDFC bank etc. Internships are good for marketing but the finance and Hrs internship opportunities are not that much satisfied.

Fee Structure And Facilities :

fee structure is feasible,you will get good ROI. Its not that much expensive in comparison to other colleges. The fees are not that much high in comparison to its return on investments.As I dont know much detailed in other college fees structure so I cant say about this much.

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8.2 /10

Placement Experience :

The placement cell organized many personality development programs which literally helped me on a personal note. Placement cell is active in inviting companies for the placement process. Many companies recruit students for multiple profiles, though the package offered could be better. On average students are offered 3-4 LPA and that's the range for most of the job offers.

Admission :

The admission process was quite straightforward. Admissions to the MBA program are granted on the basis of UPSEE exam scores and overall academic performance of the student. I didn’t face any issues during the admission process. The administration was quite supportive during the admission process. I attended the counseling round including a personal Interview.

Course Curriculum Overview :

To be honest, the course curriculum was updated at regular intervals. Our curriculum was divided into four semesters, during which we studied a blend of subjects and courses. The first two semesters are dedicated to providing the students with a holistic view of general MBA, while from the third semester onwards we learned about the specialization subjects.

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9.0 /10

Placement Experience :

The placement cell in our college guides and trains the graduating students for campus recruitment. They organized mock interviews, tests, workshops, etc. Around 50-70% of the students were placed and an internship was also provided by our college.

Course Curriculum Overview :

The course curriculum of our college was thorough and detailed. They offered a specialized area in Marketing, Finance, Human Resource, Operation & Supply Chain Management, and Business Analytics. I opted for Marketing as my specialized area.

Admission :

I took the GMAT entrance exam to get admission in this college. I fill out the application form and submitted all the required documents along with my GMAT scorecard. Then I attended the group discussion followed by a personal interview.

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Master of Business Administration [MBA] (Financial Management) Colleges IN INDIA

View All
4.21 L first year fees
70 K first year fees
University of Calcutta
Kolkata, West Bengal
98 K first year fees
75 K first year fees
1.66 L first year fees
Annamalai University - [AU]
Chidambaram, Tamil Nadu
57.05 K first year fees
2.96 L first year fees
Utkal University
Bhubaneswar, Orissa
28.72 K first year fees