10 Popular MBA in Finance Colleges in India

Here's a list of 10 popular MBA in Finance colleges in India other than the IIMs. Check out their fees and selection process.

MBA in Finance Colleges in India

In the latest installment of our MBA specialisation series—Marketing and HR—we turn our focus to Finance, one of the oldest and top MBA specialisations. As the backbone of the economy, Finance encompasses a wide array of studies, including corporate finance, government finance, and the banking and insurance sectors. This field requires strong accounting, quantitative, and analytical skills, alongside a solid understanding of economic principles. In this list, we highlight the top 10 MBA in Finance colleges in India, excluding IIMs and other B-Schools where Finance is a specialization option available in the second year. Let’s explore the leading colleges that provide specialized education in this crucial domain.

Also Read: MBA specialisation guide

What is MBA in Finance?

MBA in Finance is a specialization offered by various B-schools that imparts knowledge on management, control, and review of the collection, investment, and money resources. The course helps the aspirant to learn to analyse the company's reports, forecast economic trends, how to maximise the stock values, balance risk and profitability and at last investment portfolio management. 

Top 10 MBA Finance Colleges In India: Eligibility and Course Fee

Check some of the best MBA Finance colleges in India which offer the best curriculum along with their course fee, average package and eligibility below: 

1. SP Jain Institute of Management and Research, Mumbai (All): PGDM

SPJIMR’s biggest advantage is that they believe in constantly upgrading to meet market needs and claim to have the highest industry integration quotient. Because of its presence in the financial capital of the country, SPJIMR classrooms become virtual companies as the industry is easily within reach. The University Grants Commission (UGC) and the All India Council of Technical Education (AICTE) recognise the institute. The programme is designed in such as way that students will acquire financial skills that will help them in strategic planning at top management levels across firms and organizations. 

2. Narsee Monjee Institute of Management Studies, Mumbai: MBA (Banking)

‘Strategically located’ is the first thing every student mentioned to Shiksha. Being located in Mumbai, Narsee Monjee Institute of Management Studies (NMIMS) has an active corporate interface. According to students, “NMIMS is one of the only a few colleges that offer specialization in Banking. All the facets of the finance domain such as corporate finance, insurance and risk management, etc. are covered. Even companies coming for placement are very optimistic about the students of this specialisation. With RBI giving license to 20-15 more banks, the course has become more important.” NMIMS is ranked 21 MBA by NIRF 2024 Ranking.

3. KJ Somaiya Institute of Management Studies and Research, Mumbai: PGDM (Financial Services)

“PGDM (FS) offers a unique integration of management concepts in financial markets and techniques followed for market analysis and practices as well as policy formulation. The overall objective is to prepare and enhance the knowledge of the participants in the domestic as well as global financial services which enable them to understand the market complexity and take effective decisions,” informs the official website. KJ Somaiya Institute of Management Studies and Research is ranked 63 for Private MBA by NIRF ranking 2024. It is approved by the AICTE and accredited by the NBA. The renowned institute also conducts various customised Management Development Programmes and Faculty Development Programmes. 

4. Lal Bahadur Shastri Institute of Management (LBSIM), Delhi/NCR: PGDM (Finance)

At Lal Bahadur Shastri Institute of Management (LBSIM), the course curriculum is an important feature. It includes investment management, treasury management, risk management, strategic accounting and control. The institute offers dual specialisation in finance. LBISM is the second institute to set up a terminal (financial laboratory) with Bloomberg. LBSIM is a premieri institute of management and information technology education. 

5. Xavier Institute of Social Service (XISS), Ranchi: PGDM (Finance)

“The primary objective of the course is to impart knowledge and skills and, just as important, to transmit certain values. The institute proposes to make the students aware of the occupational mobility and voluntary compliance to ethics, law and social responsibilities,” informs the official website. Xavier Institute of social Service (XISS) was established as an extension of St. Xavier's College, Ranchi. 

6. International School of Business & Media (ISB&M), Pune: PGDM (Finance)
International School of Business and Media (ISB&M) follows the method of combination studies to prepare a finance executive. Apart from theories, the focus is on training, developing skills, and understanding financial markets. The candidates are allocated activities to be solved within a budget. This allows them to gain practical knowledge of theories they read in the books.

Also Read:

• Top MBA Colleges for Marketing
• Top MBA Colleges for HR Management

7. National Institute of Bank Management, Pune: PGDM (Banking & Financial Services)
National Instititue of Bank Management (NIBM) was established in 1969 by the Reserve Bank of India in consultation with the Government of India as an autonomous ‘think-tank’ for the Indian banking system. It is one of the very few institutes in India that offers PGDM in a specialization such as Banking & Financial Services. The programme is aimed at providing to the financial system, on a regular basis, a pool of talented young executives who are thoroughly trained in Foundations, Analytical Skills and Perspectives in Banking and Finance and fully prepared to shoulder managerial responsibilities in the banking and financial sector.

8. Institute of Public Enterprise (IPE), Hyderabad: PGDM (Banking, Insurance and Financial Services)

“Our foray into management education began in 1981 with the commencement of a three-year part-time MBA (PE) programme for practising managers. The full-time management education program started in 1995. Today, the Institute of Public Enterprise (IPE) has its well-defined and carefully structured programmes in PGDM, PGDM-RM, PGDM- BIF, PGDM-IB, PGDM- HRM and Exe. PGDM. These programmes are not only AICTE recognised, but also have accreditations from the Association of Indian Universities (AIU) and the international SAQS recognition,” says director R K Mishra.

9. SCMS School of Business, Kochi: PGDM (Insurance & Banking)

“Finance services are the backbone of the economy. So we decided to offer PGDM (Insurance & Banking). The course has been accepted well. The curriculum has been designed by the industry itself. The standard reflects in candidates, who have been absorbed in various places across the industry,” says Pramod P. Thevannoor, Group Director, SCMS Group of Institutes. SCMS School of Business has ranked first in Kerala and is approved by All India Council for Technical Education (AICTE)and is accredited by National Board of Accreditation (NBA). SCMS School of Business was the first B-School in India to get ISO certification for quality teaching and still remains certified under ISO.

10. MIT-SOB: MIT School of Business, Pune: PGDM (Finance)

At MIT-SOB, finance students are allowed to select areas of their choice from a basket of subjects. There are various tie-ups in order to upgrade skills based on industry trend. Our current tie-ups include:

• Running various financial modules with the help of the National Stock Exchange,
• Financial Modelling module conducted by Fanatics

These colleges are not listed in any particular order or ranking. Click on the link provided to explore more about MBA institutes and top-ranked colleges.

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