Best MBA Finance Colleges in India Based on 2024 Ranking

The best MBA Finance Colleges in India are IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIT Delhi, IIM Kozhikode, etc. Most of the MBA in Finance colleges in India have collaborations with reputed companies, financial institutions, and industry experts to facilitate internships, industry projects, and guest lectures.

  • IIM Ahmedabad and IIM Bangalore are the best MBA Finance colleges in India. They are ranked 1 and 2 among the Top Management Colleges in India by NIRF 2023.
  • Admission to most of the best MBA colleges in Dehradun is offered via CAT, XAT, MAT, GMAT, etc scores followed by a GD/ PI round. Check the CAT 2023 Dates
  • The Best Government MBA Finance Colleges in India include IIM Kozhikode, Shailesh J. Mehta School of Management, Department of Management Studies- IIT Roorkee, etc. Check Top Government MBA Colleges in India
  • MBA in Finance colleges often have strong placement cells that actively engage with companies and recruiters to ensure excellent placement opportunities for their students. The average CTC ranges between INR 15 lakhs to INR 20 lakhs.

Best MBA Finance Colleges in India: Highlights Table

Given below are the key highlights of MBA Finance Colleges in India.

Parameters Statistics
No. of Colleges 110
Fees INR 2.1 lakhs to INR 98 lakhs
Specializations Corporate Finance, Investment Banking, Financial Analysis, Risk Management
Admission Process Entrance Exam + GD/PI

Top 10 MBA Finance Colleges in India 

Below is the list of the top 10 MBA Finance Colleges in India along with seat intake.

College Name Seat Intake
Indian Institute of Management Ahmedabad 385
Indian Institute of Management Bangalore 412
Indian Institute of Management Calcutta 462
Indian School of Business (ISB) , Hyderabad 891
XLRI - Xavier School of Management 360
Indian Institute of Management Lucknow 436
Faculty of Management Studies, University of Delhi 232
Indian Institute of Management Kozhikode 480
SP Jain Institute of Management and Research, Mumbai 276
Indian Institute of Foreign Trade, Delhi 360

Best MBA Finance Colleges in India with NIRF Rankings 2023

National Institutional Ranking Framework - NIRF is a method that the Indian government adopts to rank top Education institutions. It is under the Ministry of Education and ranks a college/ University based on various parameters. Every year NIRF publishes ranking lists of top Institutions in India for different domains. NIRF is the most trustworthy and popular Ranking agency in India.

NIRF ranks the institutions across India based on 5 parameters and they are (1) Teaching, Learning & Resources, (2) Research and Professional Practice, (3) Graduation Outcomes, (4) Outreach and Inclusivity, and, (5) Perception. The following pie chart below depicts the weightage of different parameters used for ranking the best MBA colleges in India.

Best MBA Finance Colleges in India with NIRF Rankings

Here is the list of the NIRF Rankings for 2023 of MBA Finance colleges in India.

NIRF Ranking 2023 College/ University Name NIRF Ranking Scores
1 Indian Institute of Management Ahmedabad 83.2
2 Indian Institute of Management Bangalore 80.89
3 Indian Institute of Management Kozhikode 76.48
4 Indian Institute of Management Calcutta 75.53
5 Indian Institute of Technology Delhi 74.14
6 Indian Institute of Management Lucknow 74.11
7 National Institute of Industrial Engineering, Mumbai 71.99
8 Indian Institute of Management Indore 71.95
9 XLRI-Xavier School of Management, Jamshedpur 70.75
10 Indian Institute of Technology Bombay 68.11

Best MBA Finance Colleges in India Fees

 Tabulated below is the list of best MBA in Finance colleges in India with fee structure.

College Name Total Course Fee (INR)
Indian Institute of Management (IIM) Ahmedabad 23 Lakhs
Indian Institute of Management (IIM) Bangalore 23 Lakhs
Indian Institute of Management (IIM) Calcutta 23 Lakhs
Indian School of Business (ISB), Hyderabad 37 Lakhs
XLRI - Xavier School of Management, Jamshedpur 23.6 Lakhs
Indian Institute of Management Lucknow (IIML) 19.25 Lakhs
Indian Institute of Foreign Trade (IIFT), Delhi 18.5 Lakhs

Best MBA Finance Colleges in India with low fees

If you want to do an MBA in finance and you are on a low budget, then there are various options in that case as well. Not everyone has all the resources and facilities but the below list of MBA Finance colleges in India have relatively low fees:

College Name Total Course Fee (INR)
Institute of Management Studies (IMS), Ghaziabad 4,00,000
Department of Financial Studies (DFS), University of Delhi 68,000
Amity Business School, Noida 8,20,000
Department of Business Economics, University of Delhi 22,000
Jaipuria Institute of Management, Noida 7,90,000

Private MBA Finance Colleges in India

Completing an MBA in finance from a private college can be a really smart decision as private colleges in India have world-class infrastructure, high-tech technology, and practical life experiences. Below is the table of top private MBA Finance colleges in India with fees.

College Name Total Course Fee (INR)
Indian School of Business (ISB) ,Hyderabad 45 Lakhs
XLRI - Xavier School of Management, Jamshedpur 27 Lakhs
S.P. Jain Institute of Management and Research (SPJIMR), Mumbai 18 Lakhs
Management Development Institute (MDI), Gurgaon 22 Lakhs
NMIMS - Narsee Monjee Institute of Management Studies, Mumbai 19 Lakhs
Institute of Management Technology (IMT), Ghaziabad 17 Lakhs
Xavier Institute of Management, Bhubaneswar (XIMB) 16 Lakhs
Symbiosis Institute of Business Management (SIBM), Pune 22 Lakhs

Government MBA Finance Colleges in India

MBA in finance in government colleges offers a great opportunity to students who cannot afford to do an MBA from a private college. These government colleges are known for their high academic standards, experienced faculty, and strong industry connections. Below is the table of top Government MBA Finance colleges in India with fees.

College Name Total Course Fee (INR)
Indian Institute of Management (IIM) Ahmedabad 23 Lakhs
Indian Institute of Management (IIM) Bangalore 23 Lakhs
Indian Institute of Management (IIM) Calcutta 23 Lakhs
Faculty of Management Studies (FMS) - University of Delhi 1.92 Lakhs
Indian Institute of Management (IIM) Lucknow 19 Lakhs
Indian Institute of Management (IIM) Kozhikode 17.5 Lakhs
Department of Management Studies (DMS) - Indian Institute of Technology (IIT) Delhi 9.60 Lakhs
Indian Institute of Management (IIM) Indore 16 Lakhs

Best MBA Finance Colleges in India: Admission Process

The admission process for Best MBA Finance Colleges in India typically involves the following steps:

  1. Online Application: candidates are required to fill out the online application available on the official website of the college if they are looking for admission. They are required to fill in all the necessary details
  2. Entrance Exam: Most colleges require candidates to clear the national entrance exams such as CAT (Common Admission Test), XAT (Xavier Aptitude Test), CMAT (Common Management Admission Test), or GMAT (Graduate Management Admission Test).
  3. Shortlisting: Based on the entrance exam scores, candidates are shortlisted for the next round of the selection process. Each college has its cutoff criteria, and candidates who meet the cutoff are called for further evaluation.
  4. Group Discussion (GD) and Personal Interview (PI): Shortlisted candidates are usually required to participate in group discussions and personal interviews. In the group discussion round, candidates are given a topic to discuss, and their communication skills, analytical thinking, and ability to work in a team are evaluated. In the personal interview round, candidates are interviewed by a panel of faculty members or industry professionals to assess their suitability for the program.
  5. Written Ability Test (WAT): Some colleges may also conduct a written ability test, where candidates are given a topic and asked to write an essay or express their views on the given subject. This test helps evaluate their written communication skills and clarity of thought.
  6. Final Selection: The final selection is based on the overall performance of the candidate in the entrance exam, GD, PI, WAT, academic background, work experience (if applicable), and other factors. The selected candidates are then offered admission to the MBA Finance program.

Best MBA Finance Colleges in India: Eligibility

The eligibility criteria required to get admission to an MBA in Finance are presented below:

  • Candidates should have a bachelor’s degree in any discipline from a recognized university
  • The minimum aggregate marks required for the bachelor’s degree is between 50% to 60%.
  •  Different colleges might have specific criteria when it comes to academic background, such as a degree in commerce, economics, or business administration.
  • Candidates that are in the final year of graduation are also eligible to apply given they submit the necessary documents before the deadline.
  • Many colleges require candidates to clear the national entrance exams such as CAT (Common Admission Test), XAT (Xavier Aptitude Test), CMAT (Common Management Admission Test), or GMAT (Graduate Management Admission Test).
  • Work experience may be preferred or required by some colleges, but it is not mandatory for all.
  • Candidates must fulfill the age criteria specified by the respective colleges, which is usually between 20 to 30 years.

Best MBA Finance Colleges in India: Entrance Exam Wise

For Admissions in MBA finance colleges. It is crucial to clear the entrance exam. There are various entrance exams for MBA such as XAT, GMAT, etc. But the most popular one is the CAT (Common Admission Test). Majority of the MBA Finance colleges use CAT score as the basis for admission. 

Best MBA Finance Colleges in India Under CAT

Almost all the top MBA colleges in India prefer CAT scores for MBA admissions.

  • The CAT exam 2023 will be held on the 26th of November 2023. 
  • The official notification for CAT 2023 will be released online on the IIMCAT website on the 31st of July 2023.
  • The registrations will start from the 7th of August 2023.
College Name CAT Cutoff 2023
Indian Institute of Management, Ahmedabad 99+ percentile
Indian Institute of Management, Bangalore 98+ percentile
Indian Institute of Management, Calcutta 98+ percentile
Indian Institute of Management, Lucknow 97+ percentile
Indian Institute of Management, Kozhikode 97+ percentile
Indian Institute of Management, Indore 96+ percentile
Faculty of Management Studies, Delhi 95+ percentile
Indian Institute of Foreign Trade, Delhi 95+ percentile
Xavier School of Management, XLRI 95+ percentile
S.P. Jain Institute of Management and Research, Mumbai 90+ percentile

Best MBA Finance Colleges in India without Entrance Exam

Even though there are a lot of colleges that require entrance exams, such as CAT, XAT, etc. But few prestigious colleges don’t require an entrance exam. These colleges have their admission criteria. 

College Name Total Course Fees(INR)
Xavier Institute of Management and Entrepreneurship (XIME), Bangalore 12.25 Lakhs
School of Management, SRM Institute of Science and Technology, Chennai 7.7 Lakhs
New Delhi Institute of Management (NDIM) 9.75 Lakhs
Jaypee Business School, Noida 9.78 Lakhs
Alliance School of Business, Bangalore 14 Lakhs

Best MBA Finance Colleges in India Placements 2023

There are several MBA Finance colleges in India offering lucrative salary packages and placements to students. The top recruiters were Goldman Sachs, J.P. Morgan, Morgan Stanley, Citigroup, McKinsey & Company, Bain & Company, etc.

Check Top MBA Colleges in India Placement wise

The following infographic shows the placement packages of some of the best MBA Finance colleges in India.

Best MBA Finance Colleges in India Placements
Check the List of MBA Colleges in Top Cities in India
Mumbai Pune
Ahmedabad Bangalore
Delhi NCR Hyderabad
Indore Jaipur
Kolkata Chennai

Best MBA Finance Colleges in India: FAQs

Ques. Are there any specific entrance exams for MBA finance programs, apart from the common entrance exams?

Ans. Some MBA finance colleges in India conduct their entrance exams in addition to the common exams. For example, the Indian School of Business (ISB) conducts the GMAT or GRE, and the XLRI Jamshedpur conducts the XAT exam for admission to their MBA finance programs.

Ques. Can international students apply to MBA finance colleges in India?

Ans. Yes, many MBA finance colleges in India welcome applications from international students. They may have specific eligibility criteria and admission processes for international candidates. International students should check with their respective colleges for detailed information.

Ques. What are the factors to consider when evaluating the faculty quality of MBA finance colleges?

Ans. When evaluating faculty quality, consider factors such as the qualifications and experience of the faculty members, their industry exposure, research publications, consulting projects, and their contribution to the field of finance. You can also look for guest lectures by industry experts and the faculty-student ratio.

Ques. Can I pursue an MBA finance degree through distance learning or online programs?

Ans. Yes, various universities offer distance learning or online MBA finance programs. One should also ensure that the program is recognized and accredited by relevant authorities to maintain the value of the degree.

Ques. What are the international exposure opportunities provided by these colleges?

Ans. Many top MBA finance colleges in India offer international exchange programs, where students can spend a semester or a term studying at partner institutions abroad. Additionally, some colleges organize international study tours, guest lectures by international experts, and collaborations with global companies.

Ques. Can I specialize in multiple areas within finance during my MBA program?

Ans. Some MBA finance colleges in India offer flexibility in choosing multiple specializations or elective courses within finance. This allows the candidates to increase their knowledge and broaden their expertise in various fields.

Ques. What are the networking opportunities available for MBA finance students?

Ans. MBA finance colleges often organize networking events, industry interactions, guest lectures, and alumni meetups to provide students with ample networking opportunities. These events help students connect with professionals, alumni, and industry leaders, enhancing their career prospects.

Ques. How can I assess the industry connections and corporate collaborations of these colleges?

Ans. You can assess the industry connections and corporate collaborations of MBA finance colleges by researching their partnerships with industry bodies, guest lectures by industry experts, the number and reputation of companies participating in placements, and alumni networks in prominent finance sectors.

Ques. Can I pursue an MBA finance degree on a part-time basis while working?

Ans. Yes, some MBA finance colleges offer part-time or executive MBA programs designed for working professionals. These programs allow individuals to enhance their financial skills and knowledge while continuing their professional commitments.

Ques. Do these colleges provide opportunities for entrepreneurship and start-up ventures?

Ans. Yes, many MBA finance colleges in India encourage entrepreneurship and offer support to students interested in start-up ventures. They may have incubation centers, entrepreneurship cells, and mentorship programs to nurture entrepreneurial talent and provide resources for business start-ups.

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