Best Colleges for Financial Management in India

We look at the colleges that offer the best finance degrees in the third part of our top MBA speciality series (after Marketing and HR). Finance is the backbone of the economy and is often regarded as one of the oldest MBA specialisations. Finance is now studied in a variety of ways, from business and government studies to banking and insurance. Accounting, quantitative, and analytical skills, as well as a comprehension of economic and financial principles, are required.

What is a Finance MBA? 

MBA in Finance is a speciality given by a number of B-schools that teaches management, control, and review of money collection, investment, and resources. The course teaches the aspirant how to analyze financial records, forecast economic trends, maximize stock prices, balance risk, and profitability, and finally manage an investment portfolio.

Eligibility and Course Fees for the Top 10 MBA in Finance Colleges in India 

Below are some of the best MBA in Finance universities in India, along with their course fees and eligibility requirements: 

1. SP Jain Institute of Management and Research, Mumbai (All): Postgraduate Diploma in Management 

The most significant benefit of SPJIMR is that they believe in continuous improvement in response to market demands and claim to have the highest Industry integration quotient. SPJIMR courses become virtual businesses because the industry is easily accessible due to its location in the country’s financial capital. The University Grants Commission (UGC) and the All India Council of Technical Education both recognise the institute (AICTE).

Fees	Exam Score	Selection Process
Rs 17.5 lakh	CAT / GMAT	GD/PI

2. Mumbai’s Narsee Monjee Institute of Management Studies offers an MBA programme (Banking) 

The phrase “strategic location” was mentioned by every student to Shiksha. Narsee Monjee Institute of Management Studies (NMIMS) has a strong corporate interface due to its location in Mumbai. “NMIMS is one of the few universities that offers a specialty in banking,” students say. Corporate finance, insurance, and risk management, among other aspects of the finance sector, are all covered. Even companies that come for placements are enthusiastic about the students in this program.

The course has grown more significant as the RBI has granted licences to 20 to 15 additional banks.” Outlook 2020 ranks NMIMS fourth for Private MBA and NIRF 2020 ranks it 24th for Private MBA.

Fees	Exam Score	Selection Process
Rs 10.42 lakh	NMAT by GMAC	GD/PI

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

PGDM (FS) provides a unique combination of financial market management concepts and methodologies for market analysis and practise, as well as policy creation. The main goal is to “prepare and increase the knowledge of participants in local and global financial services so that they can understand market complexity and make informed decisions,” according to the official website. Times B School 2020 has ranked KJ Somaiya Institute of Management Studies and Research as the second best private MBA programme. The AICTE has approved it, and the NBA has accredited it. The prestigious institute also offers a variety of customised Management Development Programs and Faculty Development opportunities.

Fees	Exam Score	Selection Process
Rs 16.29 lakh	CAT, CMAT	GD/PI

4. Lal Bahadur Shastri Institute of Management (LBSIM), Delhi/NCR: Post-Graduate Diploma in Management (Finance) 

The course curriculum is an important component at Lal Bahadur Shastri Institute of Management (LBSIM). Investment management, treasury management, risk management, strategic accounting, and control are all part of this process. The institute provides a dual finance specialisation. LBISM is the second institute to partner with Bloomberg to establish a terminal (financial laboratory). LBSIM is a leading management and information technology education institute.

Fees	Exam Score	Selection Process
Rs 15.29 lakh	CAT | GMAT	GD/PI

5. Ranchi’s Xavier Institute of Social Service (XISS) offers a PGDM programme (Finance) 

“The course’s major goal is to transfer knowledge and skills, as well as, more importantly, to communicate specific ideals. According to the institute’s official website, “the institute seeks to make students aware of vocational mobility and voluntary conformity with ethics, law, and social duties.” The Xavier Institute of Social Service (XISS) was founded as a branch of Ranchi’s St. Xavier’s College. In 2021, the Times recognised it as the 27th best private MBA programme.

Fees	Exam Score	Selection Process
Rs 8 lakh	CAT | CMAT | XAT | MAT | ATMA	GD/PI

6. International School of Business & Media (ISB&M), Pune: PGDM (Finance) 

The International School of Business and Media (ISB&M) prepares finance executives using the combination studies method. Aside from theory, the emphasis is on training, skill development, and financial market understanding. Candidates are given activities to do within a set budget. This helps individuals to put notions they’ve read in books into practise.

Fees	Exam Score	Selection Process
Rs 11.8 lakh	CAT | CMAT | XAT | MAT | ATMA	GD/PI

7. National Institute of Bank Management, Pune: PGDM (Banking & Financial Services)

The Reserve Bank of India created the National Institute of Bank Management (NIBM) in 1969 in conjunction with the Government of India as an independent “think tank” for the Indian banking system. It is one of India’s few colleges that offers a PGDM in a specialisation like Banking & Financial Services. The programme aims to provide a pool of talented young executives to the financial system on a regular basis, 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.

Fees	Exam Score	Selection Process
Rs 10.38 lakh	CAT | MAT | CMAT	GD/PI

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

Our foray into management education began in 1981, when a three-year part-time MBA (PE) programme for practising managers was launched. In 1995, the full-time management education programme began. Today, the Institute of Public Enterprise (IPE) offers PGDM, PGDM-RM, PGDM-BIF, PGDM-IB, PGDM-HRM, and Exe. PGDM, all of which are well-defined and thoroughly constructed programmes. According to director R K Mishra, these programmes are not only AICTE-approved, but also have accreditation from the Association of Indian Universities (AIU) and international SAQS recognition.

Fees	Exam Score	Selection Process
Rs 8.15 lakh	CAT | XAT | GMAT| MAT | ATMA | CMAT	GD/PI

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

“Financial services are the economy’s backbone. As a result, we decided to provide PGDM (Insurance & Banking). The course has been favourably received. The programme was created by industry professionals. Candidates who have been absorbed at various places across the sector reflect the standard, according to Pramod P Thevannoor, Group Director, SCMS Group of Institutes. SCMS School of Business is the top-ranked business school in Kerala, and it is certified by the National Board of Accreditation and approved by the All India Council for Technical Education (AICTE) (NBA). SCMS School of Business was India’s first B-School to receive ISO certification for quality instruction, and it is still ISO certified.

Fees	Exam Score	Selection Process
Rs 7.5 lakh	CAT | MAT | XAT| ATMA | CMAT | KMAT Kerala	GD/PI

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

Finance students at MIT-SOB have the option of choosing from a variety of topic areas. Various collaborations exist in order to enhance abilities in accordance with industry trends. The following are some of our current collaborations: 

Finatics is running different financial programmes with the aid of the National Stock Exchange, including a Financial Modelling module.

Fees	Exam Score	Selection Process
Rs 7.05 lakh	CAT | MAT | XAT  | CMAT	GD/PI