Top MBA Finance Colleges in India: Fee Structure, Ranking, Placement
India has some of the top-notch MBA colleges for finance offering these programmes if you are interested in taking up a specialization in finance. They offer concentrated finance programs that impart students with knowledge of diverse finance subjects, such as investments, banking, corporate finance, etc. In this article, some of the top MBA finance colleges in India are discussed, including the courses offered by these colleges and what makes them unique to maintain their reputation.
Top MBA in Finance Colleges in India: Admission Eligibility 2025
The general eligibility criteria to seek admission in the top Finance MBA colleges in India are mentioned below:
Minimum 50% aggregate marks or equivalent CGPA in a bachelor’s degree from a recognised university
In case of Reserved category candidates, the minimum aggregate marks are 45%
Admissions are on the basis of entrance exams, CAT, XAT, CMAT, MAT, etc.
Top MBA Finance Colleges in India: Overview
| Sr.No | Institute | Avg. Salary (LPA) | Fees (INR Lakhs) | Exams Accepted |
|---|---|---|---|---|
| 1 | IIM Bangalore | ₹35.92 | ₹26.00 | CAT |
| 2 | IIM Calcutta | ₹35.07 | ₹31.00 | CAT |
| 3 | IIM Ahmedabad | ₹34.45 | ₹26.50 | CAT |
| 4 | FMS Delhi | ₹34.10 | ₹2.32 | CAT |
| 5 | SPJIMR Mumbai | ₹33.00 | ₹22.50 | CAT, GMAT |
| 6 | XLRI Jamshedpur | ₹31.08 | ₹16.80 | XAT |
| 7 | IIM Lucknow | ₹30.00 | ₹20.75 | CAT |
| 8 | SIBM Pune | ₹28.80 | ₹24.90 | SNAP |
| 9 | IIM Kozhikode | ₹28.05 | ₹23.50 | CAT |
| 10 | MDI Gurgaon | ₹26.20 | ₹28.16 | CAT, GMAT |
| 11 | JBIMS Mumbai | ₹26.12 | ₹8.12 | MAH-CET, CAT, CMAT, MAT, ATMA |
| 12 | IIM Raipur | ₹18.15 | ₹18.00 | CAT |
| 13 | IMT Ghaziabad | ₹16.25 | ₹19.53 | CAT, XAT, GMAT |
The list above contains a few of the top MBA Finance colleges in India; there are several others, and you can refer to our blog for detailed information on top MBA Colleges.
Read More: Best MBA Colleges in Chennai
IIM Bangalore
IIM Bangalore, which opened its doors in 1973, has earned a stellar reputation as a public business school in India, consistently celebrated for its high standards. In 2019, it clinched the top spot in the NIRF rankings for management schools, showcasing its academic excellence and respected standing. For those looking to join its PGPM program, the school considers CAT scores and has a fee of 26 lakhs.
One of the standout features of IIM B is its extensive alumni network, which includes notable names like Sameer Suneja, Ravi Subramanian, Aswath Damodaran, Karan Bajaj, Deepak Ohri, and Nityanand Misra. These individuals have made impressive impacts across various sectors.
The institution’s dedication to offering outstanding career prospects is reflected in its impressive average placement package of 35.92 LPA. IIM B attracts leading recruiters from the finance sector, with major firms like Goldman Sachs, Avendus Money, Citibank, JP Morgan, GSK, Genpact, Adani Group, and Bajaj Finserv regularly seeking out its graduates. This strong placement record highlights the quality of education and the solid industry ties that IIM B has cultivated.
IIM Calcutta
IIM Calcutta was founded in 1961 and is supported by the Government of West Bengal and other international participants. One of my approved choices ranks fifth nationally under NIRF 2024 and within fifty under QS World University Rankings 2024. Additionally, the institute is known for offering highly rated finance and business analytics programs and is thus among the best MBA finance colleges in India.
Key highlights of IIM Calcutta’s MBA in Finance program include specializations in Asset management, Corporate finance, and Financial markets. Selection is based on the CAT score and the interview. The fees for the program are about INR 31 Lakhs. Graduates benefit from high average placements, securing positions in top investment banking and consulting firms. The average placement is around 35.07 LPA.
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IIM Ahmedabad
IIM Ahmedabad, founded in 1961, is known for its highly competitive PGPM program, which has a fee structure of 26.50 lakhs. Those who graduate from this esteemed institution typically earn an average placement salary of around 30 LPA. The school has an impressive alumni network that features notable personalities like Raghuram Rajan, Chetan Bhagat, and Harsha Bhogle. In 2019, graduates specializing in finance at IIM Ahmedabad recorded a highest salary of an astonishing 70 lakhs.
The finance specialization at IIM Ahmedabad is particularly appealing to top recruitment firms. It attracts major players in consulting and finance, including well-known companies like McKinsey, HSBC, Goldman Sachs, Credit Suisse, Accenture, KPMG, Avendus, Monitor Deloitte, Matrix Partners, JP Morgan, Kearney, Multiples, Nomura, Oliver Wyman, and The Boston Consulting Group, among others.
Faculty Management Studies(FMS), Delhi
FMS Delhi, founded in 1954, is a prestigious government-run institution known for its MBA program. It accepts CAT scores for admissions and offers a remarkable return on investment, with tuition fees around 2.32 Lakh and an average salary of 34.10 LPA upon graduation. Among its notable alumni are Raghav Bahl, Harit Nagpal, Niren Chaudhary, Ira Singhal, and Sandeep Das.
The college draws in top recruiters from a variety of industries, including major tech companies like Microsoft and Amazon, financial powerhouses such as JP Morgan Chase and Axis Bank, and FMCG leaders like Nestle and ITC. Other well-known companies that recruit from FMS include Shell, American Express, IDBI Bank, Edelweiss Capital, India Bulls, SBI Capital Services, Kellogg’s, Maruti Udyog Limited, Gillette, GSK, IBM Consulting, Wipro, and TCS.
SP Jain Institute of Management and Research (SPJIMR), Mumbai
SPJIMR, located in Mumbai and founded in 1981 under the Bharatiya Vidya Bhavan, is one of the top MBA finance colleges in India. It’s well-known for its strong academic programs and experienced faculty, which is reflected in its impressive 20th ranking by NIRF in 2024. The institute also holds accreditations from AMBA, NBA, and AACSB, highlighting its dedication to providing high-quality education and gaining international recognition, making its MBA in Finance program stand out.
The MBA in Finance at SPJIMR includes specializations like corporate finance, mergers, and venture capital. Getting into this program is quite competitive, with admissions relying on CAT/GMAT scores followed by a personal interview. The tuition fees range from around INR 22.50 lakh. Graduates from SPJIMR’s finance program tend to achieve excellent job placements, with top domestic salaries reaching INR 33.00 LPA and international offers soaring up to INR 77.88 LPA.
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Xavier School of Management (XLRI) Jamshedpur
Established in 1949, XLRI is widely recognized for its dedication to providing top-notch business education. It has earned approvals from AICTE and received esteemed accreditations from organizations like NBA, AMBA, and AACSB, reinforcing its strong standing in academia. The PGDM program accepts applicants based on their XAT scores. It comes with a competitive fee of 16.8 Lakh and offers specialized tracks in Business Management, Human Resources, and General Management.
One of the standout features of XLRI is its impressive placement record, with an average salary of 31.08 LPA for graduates. The institution draws numerous leading employers, including major players like JP Morgan Chase, TATA Hitachi, TCS, Goldman Sachs, Amazon, and ICICI Bank, highlighting its robust industry ties and the high demand for its graduates. Its alumni network is also noteworthy, boasting prominent figures like Naveen Jain, Leena Nair, and Vineet Nayar, who have made significant impacts in their fields and continue to build on the institution’s rich legacy.
IIM Lucknow
Since its establishment in 1984, IIM Lucknow is regarded as one of the best institutions in India for finance studies, being ranked 7th by NIRF in 2024 and 85th globally by Financial Times. The college has a strong alumni base and excellent placements with good recruiters like American Express, Deloitte, etc. Its curriculum is internationally acclaimed and AMBA and AACSB-accredited, which attests to the high quality of its standards.
The MBA Finance course at IIM Lucknow focuses on financial modeling, investment management, and banking. Admission is very competitive and is done on the basis of the CAT score and interview. Tuition fees for the programme are around 20.75 lakh INR. The programme offers strong career opportunities for graduates, with an average salary package of INR 20.37 LPA.
Symbiosis Institute of Business Management (SIBM), Pune
Moving to the next on our Top MBA Finance Colleges in India list, Symbiosis Institute of Business Management (SIBM) Pune, a constituent of Symbiosis International University, holds a prominent position among India’s leading MBA finance institutions. Established in 1978 and located in Maharashtra, SIBM Pune secured the 13th rank in the management category by NIRF 2024, demonstrating its strong reputation both nationally and internationally. The institute’s global recognition is further enhanced by its international affiliations, including membership in the EFMD Global network. While renowned for its comprehensive MBA program, SIBM Pune also delivers a range of other management and leadership courses. The institute’s global recognition is further enhanced by its international affiliations, including membership in the EFMD Global network. While renowned for its comprehensive MBA program, SIBM Pune also delivers a range of other management and leadership courses.
The SIBM Pune MBA Finance programme offers specializations in financial analysis, investment banking, and corporate finance. This programme requires students to have scored SNAP merit, followed by GD and PI. The fee for the program is around INR 24.90 lakhs. SIBM Pune has been known for excellence in placements over the years, and the average package it holds is around INR 28.80 LPA, with the highest offers at INR 49 LPA.
IIM Kozhikode
The IIM Kozhikode was established in 1996 and is a pioneer of management education in the country. Located in Kerala with an extensive campus area of 112.5 acres, it is a prestigious college ranking the 1st in the list of our top MBA Finance Colleges in India. IIM Kozhikode was ranked 3 in the NIRF 2024 rankings for management institutes, and it’s an international accreditation from AMBA and EQUIS, one of the most prestigious organizations. The institute offers a diverse portfolio of programs, including the prominent MBA in Finance (PGP-Finance), alongside specialized courses in business leadership and liberal studies.
The IIM Kozhikode MBA in Finance Specialization is known for its unique nomenclature. Specialities are offered in areas including financial markets, risk management, and investments. The selection into the programme is very competitive and is based on CAT scores, followed by a rigorous interview process. At this time, the whole programme fee is around 23.50 lakh. Being one of the best MBA in Finance colleges in India, the MBA in Finance program students have excellent placements, with an average salary package of approximately INR 28.05 LPA, bagging jobs with top recruiters in the banking and consulting domains.
Management Development Institute, Gurgaon (MDI)
MDI Gurgaon, which opened its doors in 1973, is a renowned private business school and was the very first in India to achieve AMBA accreditation. The school accepts CAT and GMAT scores for its PGDM, PGDM-IB, and PGDM-HRM programs, with tuition fees totaling 28.16 lakh. Graduates from MDI Gurgaon enjoy impressive average salaries, with placements averaging around 26.20 LPA. This success has attracted major recruiters like Deloitte USI, OYO Rooms, KPMG, JP Morgan Chase, Airtel, American Express, Accenture, Hinduja Group, Infosys, and Bain Capability Centre.
The alumni network at MDI Gurgaon is noteworthy, featuring distinguished names like Sachin Garg, Durjoy Datta, and Amit Pandey. These successful alumni not only enhance the school’s reputation but also highlight the high-quality education that MDI offers. The institution’s ability to continually draw top companies for placements further cements its position as one of India’s leading business schools.
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Jamnalal Bajaj Institute of Management Studies (JBIMS)
Established in 1995, JBIMS provides specializations in Finance, Communications, Operations, Applications, and HR. It is famously referred to as the “CEO factory” given the strong alumni contingent who are now famous CEOs, including Chanda Kochar, Ajay Piramal, Uday Kotak, and Harish Manwani (Global COO of Unilever PLC). Other prominent alumni are Mani Ratnam, Siddharth Roy Kapoor (CEO of UTV Motion Pictures), Lalita D. Gupte, and Raja Krishnamoorthy (Film & TV Director).
The institute maintains a very high placement record with an average placement of 26.12 LPA. Top recruiters at JBIMS include top multinational companies like J.P. Morgan Chase & Co., Goldman Sachs, McKinsey & Company, Hindustan Unilever, The Boston Consulting Group, ICICI Bank, Godrej Consumer Products, Mahindra Group, TATA Group, and Reliance Industries Limited. For admissions, the institute accepts scores from MAH-CET, CAT, CMAT, MAT, and ATMA for its MMS course, which has a fee structure of around 8.12.
IIM Raipur
IIM Raipur, founded in 2010, is a newer yet well-respected management school in Chhattisgarh, with backing from the Government of India. It has rapidly gained a solid reputation for its management courses and faculty, even earning a top spot in the NIRF rankings.
The college offers a Finance specialization that emphasizes financial analysis, investment strategies, and risk management. Admission mainly hinges on CAT scores, followed by interview rounds. The fee structure is around INR 18 Lakh, and the institute has a commendable placement record in finance, i.e., around 18.15 LPA. It also offers competitive salary packages to its graduates.
IMT Ghaziabad
Established in 1980, the Institute of Management Technology (IMT) Ghaziabad is a well-respected management school in India. It has earned the esteemed “Triple Crown” accreditation from AACSB, SAQS, and NBA, which guarantees that its programs adhere to global benchmarks. Among its wide range of courses, IMT Ghaziabad offers a Post Graduate Diploma in Management (PGDM) that specializes in finance, delving into topics like investment banking, financial modeling, and risk assessment.
To get into IMT Ghaziabad, applicants usually need valid scores from exams like the CAT, XAT, or GMAT, along with an interview. The fee structure for these programs is approximately INR 19.53 Lakh. The institute is also known for its strong ties to the industry, leading to impressive placement statistics, with average salary packages for graduates around INR 16.25 LPA.
FAQs – Top MBA Finance Colleges in India
Which are the best MBA Finance colleges in India?
The top MBA Finance colleges in India include IIM Bangalore, IIM Calcutta, IIM Ahmedabad, SPJIMR Mumbai, SIBM Pune, XLRI Jamshedpur, and FMS Delhi. These institutes are known for strong finance specializations, top recruiters, and high average salary packages.
Which entrance exams are required for MBA Finance colleges in India?
Common entrance exams for MBA Finance programs include CAT, XAT, GMAT, SNAP, MAH-CET, and CMAT. IIMs and FMS accept CAT, XLRI accepts XAT, while SIBM Pune requires SNAP.
What is the fee for MBA Finance in the top B-schools in India?
MBA Finance fees in India range from ₹1.92 lakhs (FMS Delhi) to ₹31 lakhs (IIM Calcutta). Most top B-schools like IIMs, SPJIMR, and XLRI has fees structure between ₹16-28 lakhs.
What are the specializations offered under MBA in Finance?
A: Top MBA Finance programs offer specializations like Investment Banking, Corporate Finance, Asset Management, Financial Markets, Risk Management, and Venture Capital.
Are IIMs good for MBA in Finance?
Yes, IIMs like Bangalore, Calcutta, and Ahmedabad are a few among the best MBA colleges in India for Finance. They offer world-class curriculum, elite recruiters, and excellent placements in investment banking and consulting.
Is an MBA in Finance worth it in India?
A: Absolutely. An MBA in Finance from a top B-school in India opens doors to lucrative roles in investment banking, corporate finance, and consulting, with salary packages going up to ₹35–40 LPA.
