MBA Finance Latest Updates
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MBA in Finance is one of the oldest MBA Specializations, and finance is the backbone of the economy. The study of Finance ranges from the government and corporate sector to the banking and insurance sector.
Best IIMs for Finance include IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow. Finance courses in IIMs are available in certification courses, PG Program, Fellowship, MBA, and Ph.D. IIMs are one of the best colleges for MBA Finance with average placements ranging from INR 12 Lakhs to INR 18 Lakhs.
Table of Contents
1.1 Top Ranked IIMs for MBA Finance
1.2 Placement for Finance in IIMs
2.4 MBA Programs
2.5 PhD Courses
4.1 Eligibility
4.2 Entrance exams
Best IIM For Finance
In today's fast-growing economy, it is very important to have a career that provides long-lasting security in terms of salary. MBA in Finance gives you an opportunity to have a secured career. Finance has different aspects where one can work on their own interest like financial evaluation, investment management, financial evaluation, econometrics, different aspects of accounting, financial modeling, and so on.
inance involves investment, banking, management, analysis of resources, understanding of the requirement of capital for industrial building and establishment, and so on. The journey towards finance starts from the courses that are available in this field and the colleges like IIM, IIFT, NMIMS and so on that are available that provide quality education and maximum opportunity for the course.
In this article, we will be providing detailed information on Best IIMs for Finance courses with related details like Admission Process, Entrance exam, eligibility, courses for Finance, placement, and future scope.
Top Ranked IIMs for MBA Finance
| NIRF Management Ranking | College Name | Average Fees |
|---|---|---|
| 1 | IIM Ahmedabad | INR 23,00,000 |
| 2 | IIM Bangalore | INR 23,00,000 |
| 3 | IIM Calcutta | INR 27,00,000 |
| 4 | IIM Lucknow | INR 19,00,000 |
| 6 | IIM Kozhikode | INR 6,50,000 |
| 7 | IIM Indore | INR 19,00,000 |
| 15 | IIM Tiruchirappalli | INR 1,68,000 |
| 19 | IIM Raipur | INR 7,27,600 |
| 20 | IIM Ranchi | INR 15,30,000 |
| 21 | IIM Rohtak | INR 15,00,000 |
| 30 | IIM Shillong | INR 1,46,000 |
| 33 | IIM Kashipur | INR 15,00,000 |
| 40 | IIM Nagpur | INR 15,00,000 |
| 76 | IIM Sambalpur | INR 13,03,000 |
| - | IIM Visakhapatnam | INR 4,33,250 |
| - | IIM Jammu | INR 14,00,000 |
| - | IIM Sirmaur | INR 13,00,000 |
| - | IIM Bodh Gaya | INR 11,00,000 |
Placement for Finance in IIMs
Before getting into a College, the student must be aware of the chances of getting a Placement in a good company with a decent salary package. The table below provides the details for the top companies available for Finance in IIMs, along with their provided salary structure.
| IIM Calcutta Placements | |
|---|---|
| Avendus | INR 40 LPA |
| Gaza Capital | INR 70 LPA |
| BAML | INR 40-45 LPA |
| SAIF Partners | INR 70-100 LPA |
| Citi | INR 32-34 LPA |
| Goldman Sachs | INR 35 LPA |
| Credit Suisse | INR 35 LPA |
| IIM Kozhikode Placements | |
| Goldman Sachs | INR 21-23 LPA |
| JP Morgan | INR 21 LPA |
| HSBC | INR 17-18 LPA |
| Axis Bank | INR 18-20 LPA |
| ICICI Bank | INR 20-22 LPA |
| Credit Suisse | INR 18-20 LPA |
| HDFC Bank | INR 14-15 LPA |
| IIM Tiruchirappalli Placements | |
| Deloitte | INR 11-12 LPA |
| ICICI | INR 16-18 LPA |
| Gail | INR 18-19 LPA |
| FourKites | INR 18-30 LPA |
| Avalon Consulting | INR 21-22 LPA |
| Amberg Technologies | INR 10-13 LPA |
| IIM Shillong Placements | |
| Aditya Birla Capital | INR 13-14 LPA |
| DE Shaw | INR 21-22 LPA |
| Fidelity | INR 15-16 LPA |
| ICICI Bank | INR 15-16 LPA |
| HSBC Bank | INR 15-16 LPA |
| Goldman Sachs | INR 25 LPA |
| IIM Visakhapatnam Placements | |
| Franklin Temple | INR 17-20 LPA |
| Yes Bank | INR 13-16 LPA |
| Anand Rathi | INR 12-13 LPA |
| ICICI Prudential Life | 15-16 LPA |
| HDFC Bank | INR 10-11 LPA |
| IIM Sambalpur Placements | |
| Bajaj Allianz | INR 14 LPA |
| Trevista | INR 15 LPA |
| HDFC Bank | INR 10 LPA |
| SBI Life | INR 10 LPA |
| Motilal Oswal | INR 12 LPA |
| IIM Bangalore Placements | |
| Avendus Capital | INR 40 LPA |
| J P Morgan | INR 32-34 LPA |
| Goldman Sachs | INR 31-34 LPA |
| Wells Fargo | INR 20-22 LPA |
| ICICI | INR 19-20 LPA |
| IIM Kashipur Placements | |
| Kotak Mahindra Bank | INR 13-15 LPA |
| Muthoot Finance | INR 14 LPA |
| Of Business | INR 15-16 LPA |
| Angel Broking | INR 10-12 LPA |
| RBS | INR 14-15 LPA |
| IIM Lucknow Placements | |
| Avendus | INR 40 LPA |
| CITI | INR 20-30 LPA |
| DBS | INR 20-22 LPA |
| ICICI Bank | INR 20-22 LPA |
| JPMC | INR 20-24 LPA |
| IIM Sirmaur Placements | |
| ICICI Bank | INR 16-18 LPA |
| HDFC Bank | INR 8-10 LPA |
| Muthoot Fincorp | INR 8-10 LPA |
| ICICI Prudential | INR 13-15 LPA |
| Aditya Birla Capital | INR 8-11 LPA |
| IIM Nagpur Placements | |
| Microsoft | INR 8 LPA- INR 25 LPA |
| BNY Mellon | |
| Future Generali | |
| Shriram Housing Finance | |
| Doha Bank | |
| IIM Ranchi Placements | |
| ICICI Bank | INR 10 LPA- INR 29 LPA |
| Yes Bank | |
| JPMC | |
| HSBC | |
| IIM Rohtak Placements | |
| EY | INR 10-12 LPA |
| Of Business | INR 17-18 LPA |
| Arcesium | INR 15-17 LPA |
| Thomson Reuters | INR 12-15 LPA |
| CARE Ratings | INR 10 LPA |
| IIM Jammu Placements | |
| Citi Bank | INR 8-9 LPA |
| ICICI Bank | INR 10-12 LPA |
| Motilal Oswal | INR 8 LPA |
| TresVista | INR 12 LPA |
| CCIL | INR 13 LPA |
| IIM Bodh Gaya Placements | |
| Bharti AXA | INR 8-10 LPA |
| Aditya Birla Capital | INR 10-11 LPA |
| HDFC Bank | INR 10 LPA |
| BNY Mellon | INR 13-15 LPA |
| CRISIL | INR 8-10 LPA |
| IIM Ahmedabad Placements | |
| Credit Suisse India | INR 74 LPA |
| GS | INR 38 LPA |
| JPMorgan | INR 32- 34 LPA |
| Avendus | INR 40 LPA |
| Kotak Mahindra | INR 18-22 LPA |
| IIM Indore Placements | |
| Goldman Sachs | INR 21- 22 LPA |
| Nomura | INR 15-16 LPA |
| HSBC | INR 16-17 LPA |
| Deutsche Bank | INR 18-20 LPA |
| JP Morgan | INR 19-20 LPA |
| DE Shaw | INR 27-28 LPA |
Check:
Finance Courses in IIMs
IIMs have different courses in Finance at different levels. Some of the courses with their average fees are tabulated below. The data will help the student to apply according to their paying capacity. The courses majorly provided at:
Certificate Level
IIM Kozhikode provides certificate-level courses in Finance. The Executive Post Graduate Certificate in Financial Management (EPGCFM) provides business-specific knowledge specialized in Finance. Working professionals who wish to have specialised knowledge of Business Finance can do this course.
The Executive Post Graduate Certificate in Financial Management (EPGCFM) offers knowledge ranging from foundation level to advanced. These are provided in a learning structure that is interactive with the aim of imparting skills related to asset valuation, hedging, trading, and portfolio management. The course also helps the students with the management of corporations, banks, financial institutions, and regulatory organizations.
| College Name | Program Name | Fees |
|---|---|---|
| IIM, Kozhikode | Executive Post Graduate Certificate in Financial Management | INR 250,000 |
PG Program in Management
PGPM Programs are generally 2-year courses on the financial aspects of business management. The core courses are generally similar but the main difference with other specializations is the electives. There are internships that help students get an understanding of the market's needs and demands.
| College Name | Program Name | Fees (INR) |
|---|---|---|
| IIM Raipur | PGPM in Finance | INR 727,600 |
| IIM Visakhapatnam | PGPM in Finance | INR 733,250 |
| IIM Tiruchirappalli | PGPM in Finance | INR 855,000 |
| IIM Kozhikode | PGPM in Finance | INR 502,000 |
| IIM Bodh Gaya | PGPM in Finance | INR 508,750 |
| IIM Nagpur | PGPM in Finance | INR 13,75,000 |
Fellow Program
The Fellow Programme in Management focuses on creating individuals who will conduct research in areas of management especially Finance with the aim of using this research in real life problems.
CAT, GMAT and JRF are some of the entrance exams that are mandatory for students who wish to take admission in the Fellowship Programme in Management with specialization in finance.
| College Name | Course Name | Fees (INR) |
|---|---|---|
| IIM Raipur | FPM in Finance | NA |
| IIM Shillong | FPM in Finance | NA |
| IIM Ranchi | FPM in Finance | NA |
| IIM Indore | FPM in Finance | INR 50,000 |
MBA Finance
MBA in Finance or MBA in Financial management are 2 year courses that provide knowledge finance to upcoming MBA graduates. Students must qualify for the CAT in order to study MBA Finance in IIMs.
MBA in Finance can provide lucrative career options in India in the future because the Banking and Finance Services Industry (BFSI) that hires the majority of the MBA Finance Graduates grew at 6.64% between 2014-19 and is expected to create job opportunities for 8.4 million people in the next 8-10 years.
| College Name | Program Name | Fees |
|---|---|---|
| IIM Sambalpur | MBA in Financial Management | INR 1,303,000 |
| IIM Shillong | PG Program in Finance, Control & Accounting | INR 7,23,000 |
| IIM Kozhikode | PG Program in Finance, Control & Accounting | INR 950,000 |
| IIM Sirmaur | MBA in Finance | INR 1,175,000 |
| IIM Jammu | MBA in Finance | INR 14,82,000 |
| IIM Ranchi | MBA | INR 15,30,000 |
| IIM Indore | MBA | - |
| IIM Lucknow | Post Graduate Programme in Management | INR 1,370,000 |
| IIM Ahmedabad | MBA | INR 23,00,000 |
| IIM Kashipur | MBA in Finance | INR 7,82,5000 |
| IIM Bangalore | MBA | INR 23,00,000 |
PhD
PhD Finance deals with the advanced study of Valuation of Shares, Privatization and Globalization, Meaning and definition of Business Environment, Cost and Management Accounting, Industrial Growth and Structural Changes, etc.
In order to pursue a PhD in Finance, one must clear the various entrance examinations held at the university level followed by several rounds of interviews. Most popular entrance tests for admission into PhD programs include - UGC NET, NIPER JEE and NMIMS among others.
| College Name | Course Name | Fees |
|---|---|---|
| IIM Sambalpur | Ph.D. in Finance & Accounts | INR 250,000 |
| IIM Shillong | Ph.D. in Finance | NR 250,000 |
| IIM Kozhikode | Ph.D. in Finance & Accounts | INR 950,000 |
| IIM Kolkata | Ph.D. in Finance | NA |
| IIM Bodh Gaya | Ph.D. in Finance & Accounts | NA |
| IIM Nagpur | Ph.D. in Finance & Accounting | NA |
| IIM Kashipur | Ph.D. in Finance & Accounts | NA |
| IIM Ranchi | Ph.D. in Finance & Accounts | INR 650,000 |
.
MBA Finance Syllabus in IIMs
MBA Finance is a 2-year post-graduation course and different subjects are taught within these 2 years. Every subject has its importance and value in Finance. The table below provides you a brief list of the subject studied in 2 years of MBA Finance in IIMs
| First Term | Second Term |
|---|---|
| Financial Accounting | Operational Management |
| Marketing Management | Marketing Management |
| Organizational Behavior | Quantitative Techniques II |
| Data Analysis | Non-Credit Course |
| Business Communication | Financial Management |
| Quantitative Techniques | Management Accounting |
| Microeconomics | - |
| Third Term | Fourth Term |
| Financial Management II | Accounting & Finance |
| Information Systems | Policy & Strategic Management |
| Marketing Research | Operations Management |
| Design Thinking | Economics |
| Strategic Management | OB & HRM |
| Human Resources Management | Marketing Management |
| Fifth Term | Sixth Term |
| OB & HRM | Operations Management |
| Policy & Strategic Management | OB & HRM |
| Accounting & Finance | Accounting & Finance |
| Marketing Management | Marketing Management |
| Operations Management | - |
| Information System Management | - |
MBA Finance Admission in IIM
Different types of courses are available for Finance Courses in IIM. These different courses have different admission processes and eligibility. Students should visit the official website.
Eligibility
MBA Finance is a post-graduation and therefore the eligibility criteria are based on the graduation degree and marks that one has. Along with graduation, CAT/GMAT score is compulsory to apply for the post-graduation course.
| College | Eligibility |
|---|---|
| IIM Sambalpur | Bachelor’s degree with 50% aggregate marks ( 45% for SC/ST/PwD category) |
| IIM Shillong | |
| IIM Kozhikode | |
| IIM Bangalore | |
| IIM Ahmedabad | |
| IIM Lucknow | |
| IIM Indore | |
| IIMRohtak | |
| IIM Kashipur | |
| IIM Nagpur | |
| IIM Jammu | |
| IIM Sirmaur | |
| CAT/GMAT score in the sectional and overall score. | |
| IIM Ranchi | Class 12th pass with 60% Marks Maximum age of 20 years as of 31st July of the admission year. |
Entrance exams
For MBA Finance, IIMs accept most two of these entrance exams: Common Admission Test( CAT) and Graduate Management Admission Test (GMAT) and candidates need to have a satisfying score in any one of these entrance exams to apply.
| College | Entrance Exam |
|---|---|
| IIM Sambalpur | CAT |
| IIM Shillong | CAT/GMAT |
| IIM Kozhikode | CAT |
| IIM Bangalore | CAT/GMAT |
| IIM Ahmedabad | CAT |
| IIM Lucknow | CAT/XAT |
| IIM Indore | CAT |
| IIMRohtak | IPMAT Score |
| IIM Ranchi | CAT |
| IIM Kashipur | CAT |
| IIMNagpur | CAT |
| IIM Jammu | CAT |
| IIM Sirmaur | CAT |
Important Deadlines
Different IIMs have different Deadlines for the procedure of MBA admission in Finance. Some of the important dates are tabulated below:
| Exam Name | Exam Date | Important Links |
|---|---|---|
| ATMA |
February 18, 2024 |
ATMA Exam Schedule |
| CAT | November 26, 2023 | CAT 2023 Answer Key & Response Sheet Link |
| GMAT | Throughout the year | |
| MAT |
PBT: February 25, 2024 CBT: March 10, 2024 IBT: February 24, 2024 IBT: March 03, 2024 IBT: March 08, 2024 |
MAT 2023 Admit Card Link |
| NMAT | January 11, 2024 to January 15, 2024 | NMAT Exam Schedule |
| SNAP | December 10, 17, and 22, 2023 | SNAP 2023 Admit Card Link |
| XAT | January 7, 2024 | XAT 2024 Registration Link |
Scope after completing MBA Finance from IIMs
As mentioned above, after completing MBA from IIMs several companies provide placement opportunities with a handsome salary package. Reputed companies like:
- HSBC
- JP Morgan
- Goldman Sachs
- Merrill Lynch
- Ernst & Young
- Deutsche Bank and many more.
Different job profiles are available like:
- Financial Analyst
- Finance manager
- Accounting manager
- Chief Financial Officer
- Business Analyst
- Operations Manager and so on.
And even if someone is interested in higher education, they can go for a Ph.D. in Finance through IIMs or from any other institution. This will enhance their educational understanding and knowledge regarding Finance and they may continue working in a research-oriented field.
Best IIMs for Finance FAQs
Ques: What is the duration of the MBA Finance course?
Ans: MBA Finance is a 2-year post-graduation course.
Ques: What are the other specializations available in the MBA course?
Ans: Other specializations available in the MBA Course are Human Resource Management, Marketing, Information Technology, and International Business.
Ques: Name the Entrance Exams which one needs to qualify for the MBA course?
Ans: Entrance Exams include CAT, XAT, MAT, GMAT are some of the national level exams for MBA Courses.
Ques: What are the possible jobs available after MBA Finance?
Ans: After completing MBA Finance, possible jobs include Finance Analyst, Relationship Manager, Bank Manager, Finance Manager, and so on.
Ques: Name some of the institutions that provide MBA Finance courses?
Ans: Some of the institutions that provide MBA Finance Course include IGNOU, SOL, Amity University.
Ques: What are the skills required for an MBA Finance Course?
Ans: Some of the skills required for an MBA Finance Course include Management, Problem Solving, Analytical Skills, Teamwork, Business Research, and Analysis.
Ques: Name the IIMs that Provide MBA Finance from Distance Learning mode?
Ans: Some of the IIMs that provide MBA Finance from Distance Learning mode are IIM Indore, IIM Ahmedabad, IIM Raipur, IIM Ranchi, and IIM Lucknow.
Ques: What are the core subjects involved in MBA Finance from Distance Learning?
Ans: The core subjects involved in MBA Finance from Distance Learning are:
Organizational Behaviour, Management Science, Business Communication, Marketing management, HR management, Marketing Research, and IT Management.
Ques: Name some MBA courses through Online Sources?
Ans: Some of the Online Providers for the MBA courses are:
Deakin Business School, Jindal Global University, Liverpool Business School, and NMIMS Global Access School.
Ques: Name some IIMs that provide Online MBA Programs?
Ans: Some of the IIMs that provide Online MBA Programs are IIM Ahmedabad, IIM Shillong, IIM Rohtak, IIM Raipur.
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