Content Curator | Updated on - Apr 8, 2026

M.Sc. (Finance) at NMIMS Mumbai (Anil Surendra Modi School of Commerce) is a 2-year full-time postgraduate program spread across 4 semesters, offered exclusively at the Mumbai campus. The program was launched in 2017-18 and is designed to build expertise in capital markets, risk management, and quantitative finance. The total program fees for Batch 2025 were Rs. 3,50,000 per year (Rs. 7,00,000 for the full program); fees for Batch 2026 will be declared at the time of admission. With a seat intake of just 30 students, the program offers an intimate learning environment with access to Bloomberg Terminals, real-time trading simulations, and a curriculum benchmarked against top global universities. Admission is through an NMIMS-conducted Written Test and Personal Interview (no external entrance exam required), making it accessible to graduates from any stream with a Mathematics or Statistics background.

Admissions for the Batch 2026-28 are currently open. Online registration opened on 5th March 2026, with the last date for registration being 20th May 2026. The Written Test and Personal Interview are scheduled for 29th May 2026, and the program is set to commence on 25th June 2026.

Key Points

Offered exclusively at the Mumbai campus by the Anil Surendra Modi School of Commerce (ASMSOC), one of India's premier commerce schools.
Access to Bloomberg Terminals for live financial data analysis and real-time trading experience - a rare feature at the postgraduate level.
Curriculum benchmarked against top global universities with a strong focus on capital markets, risk management, and fintech.
Small cohort of only 30 seats ensures personalized mentorship, strong peer learning, and better placement outcomes.
Graduates from non-finance backgrounds with Mathematics/Statistics at 10+2 and graduation level are eligible to apply.
Summer Internship Program is a mandatory component, providing corporate exposure in the finance sector.

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Highlights
Fees
Admission
Scholarships
Placements
FAQs

NMIMS M.Sc. (Finance) Fees

The M.Sc. (Finance) program at NMIMS Mumbai had a tuition fee of Rs. 3,50,000 per year for Batch 2025, totalling Rs. 7,00,000 for the 2-year program. Fees for Batch 2026 will be officially declared at the time of admission. A non-refundable registration fee of Rs. 2,500 is payable at the time of online application. Hostel accommodation is optional and available at separate charges.

Program Fee Structure

Fee Component	Year 1	Year 2	Total
Tuition Fee	Rs. 3,50,000	Rs. 3,50,000	Rs. 7,00,000
Registration Fee (non-refundable)	Rs. 2,500	--	Rs. 2,500
Total Fees (excluding hostel)	Rs. 3,52,500	Rs. 3,50,000	Rs. 7,02,500

Hostel Fees (Optional, per year for 10 months)

Hostel	Type	Hostel Fee (10 months)	Refundable Security Deposit	Total
G.R. Jani Boys Hostel (AC)	Boys	Rs. 3,50,000	Rs. 10,000	Rs. 3,60,000
Anand Premises Boys (AC)	Boys	Rs. 4,50,000	Rs. 10,000	Rs. 4,60,000
MKM Sanghvi Girls Hostel (AC)	Girls	Rs. 4,00,000	Rs. 10,000	Rs. 4,10,000
Bansi Villa Girls Residential Flats (AC)	Girls	Rs. 3,50,000	Rs. 10,000	Rs. 3,60,000

Fees for Batch 2026 will be declared at the time of admission. The above tuition fees are based on Batch 2025 data.
Registration fee of Rs. 2,500 is non-refundable and non-transferable.
Hostel accommodation is optional and not included in the total program fees.
Hostel security deposit of Rs. 10,000 is refundable upon completion of the course, subject to deductions for damages.
Refund of hostel fee is allowed only in case of cancellation of admission from NMIMS: before commencement of course, Rs. 3,000 processing charges will be deducted; after commencement, no refund.
Refund of tuition fees follows UGC norms in case of withdrawal or cancellation of admission.
No EMI option is officially mentioned; fee payment is typically done via RTGS/NEFT as per the payment notice issued after selection.

NMIMS M.Sc. (Finance) Admission 2026

Admissions to M.Sc. (Finance) at NMIMS Mumbai for Batch 2026-28 are currently open. The selection process is entirely conducted by NMIMS through a Written Test (MCQ, 70 marks, 1 hour) and a Personal Interview (30 marks), held offline at the Mumbai campus. The final merit list is prepared based on combined scores, and admission offers are issued strictly on merit.

Important Dates

Sr. No.	Event	Date
1	Online Registration Opens	Thursday, 5th March 2026
2	Last Date of Online Registration	Wednesday, 20th May 2026
3	Last Date to Upload Documents on Dashboard	Sunday, 25th May 2026
4	Call Letters Available for Written Test and Personal Interview	Friday, 22nd May 2026
5	Written Test and Personal Interview (Offline, Mumbai Campus)	Friday, 29th May 2026
6	Declaration of Merit List I (on candidate dashboard, after 5:00 PM)	Friday, 5th June 2026
7	Fee Payment -- Merit List I	6th June 2026 to 12th June 2026
8	Program Commencement	Thursday, 25th June 2026
9	Closure of Admission / Last Date of Admission	Saturday, 11th July 2026
10	Last Date to Submit Final Year Marksheet (for appearing candidates)	30th September 2026

Entrance Exam Details

Exam	Conducting Body	Mode	Marks	Duration	Accepted For
NMIMS Written Test (MSc Finance)	NMIMS (ASMSOC)	Offline (Mumbai Campus)	70 (MCQ)	1 hour	M.Sc. Finance, NMIMS Mumbai
Personal Interview	NMIMS (ASMSOC)	Offline (Mumbai Campus)	30	--	M.Sc. Finance, NMIMS Mumbai

Note: No external entrance exam (such as NPAT) is required for M.Sc. Finance at NMIMS SOC. The selection is entirely through NMIMS's own Written Test and Personal Interview.

The dates mentioned above are tentative and subject to change.

Eligibility Criteria

Graduation in any stream from a recognized university with a minimum of 50% aggregate marks.
Must have studied Mathematics or Statistics at both the 10+2 level and the graduation level.
Candidates appearing in their final year examination are also eligible to apply; provisional admission will be given, subject to submission of final marksheet by 30th September 2026.
Candidates who have completed graduation through part-time, distance learning, correspondence, or open school from a recognized university are also eligible as per UGC guidelines.

Admission Process

Register online at www.nmims.edu and pay the non-refundable registration fee of Rs. 2,500.
Upload required documents (10th marksheet, 10+2 marksheet, degree marksheet/certificate) on the candidate dashboard by 25th May 2026.
Receive call letter for Written Test and Personal Interview on the candidate dashboard.
Appear for the offline Written Test (MCQ, 70 marks) and Personal Interview (30 marks) at NMIMS Mumbai campus on 29th May 2026.
Check merit list on the candidate dashboard after 5th June 2026.
If selected, accept the offer and upload required documents within the stipulated time.
Pay program fees via RTGS/NEFT as per the fee payment notice received by email.

NMIMS M.Sc. (Finance) Scholarships 2026

NMIMS Mumbai offers scholarship support to students through government schemes and institutional assistance. Students of M.Sc. (Finance) can avail of the Central Sector Scheme of Scholarships (Government of India) and the Mirae Asset Foundation Scholarship (need-cum-merit based), in addition to NMIMS's own merit and need-based financial assistance. The scholarship portal link provided by NMIMS directs students to scholarships.gov.in for government scholarships.

Scholarship Details

Scholarship	Type	Amount / Benefit	Eligibility
Central Sector Scheme of Scholarships (Government of India)	Government / Merit-cum-Need	Rs. 10,000 per annum (PG level)	Indian nationals; family income below Rs. 8 lakh per annum; merit in qualifying exam
Mirae Asset Foundation Scholarship	Need-cum-Merit	Varies (partial to full fee support)	Demonstrated financial need and academic merit
NMIMS Institutional Scholarship	Merit and/or Need	Varies	Based on academic performance and financial need; declared at time of admission
Education Loan (Financial Assistance)	Loan (not scholarship)	As per bank norms	All admitted students; NMIMS facilitates through partner banks

Scholarship details and amounts for Batch 2026 will be declared at the time of admission.
Students are advised to check scholarships.gov.in for updated government scholarship details.
NMIMS does not offer capitation-based or agent-based admissions; all scholarships are merit/need based.
Education loan assistance is available through NMIMS's financial assistance portal at nmims.edu/education-loan.

NMIMS M.Sc. (Finance) Placement 2026

The M.Sc. (Finance) program at NMIMS ASMSOC has a dedicated placement cell - the Student Placement Committee - that actively engages with industry through career fairs, corporate presentations, and guest lectures. Graduates are placed in roles such as Research Analyst, Investment Banking Analyst, Equity Research, Financial Analyst, Dealer Treasury, ESG Data Analyst, and Rating Analyst, among others. Key recruiters include Aditya Birla Sun Life Mutual Fund, Futures First, FactSet, Kroll, William O'Neil, IiAS, EthiQuant Analytics, Chiratae Ventures, and Glencore, reflecting strong industry connect in capital markets and financial research.

Placement Statistics

Placement Statistic	M.Sc. (Finance) -- 2023-24
Highest Compensation Package	Rs. 14.00 Lakhs per annum
Average Compensation Package	Rs. 7.78 Lakhs per annum
Placement Status	Ongoing

Key Roles Offered: Research Analyst, Investment Banking Analyst, Equity Research Analyst, Financial Analyst, Dealer Treasury, ESG Data Analyst, Rating Analyst, Business Valuation Trainee, Portfolio Support Analyst, Inside Sales/Wealth Advisor.

NMIMS M.Sc. (Finance) FAQs

Ques. Is NPAT required for admission to M.Sc. Finance at NMIMS Mumbai?

Ans. No. M.Sc. Finance at NMIMS Anil Surendra Modi School of Commerce (ASMSOC) does NOT require NPAT. Admission is through NMIMS's own Written Test (MCQ, 70 marks) and Personal Interview (30 marks), conducted offline at the Mumbai campus. NPAT is used for undergraduate programs and some other PG programs at NMIMS, but not for this course.

Ques. Can students from non-commerce or non-finance backgrounds apply for M.Sc. Finance at NMIMS?

Ans. Yes. Graduates from any stream are eligible, provided they have studied Mathematics or Statistics at both the 10+2 level and the graduation level. The program is specifically designed to also cater to students from non-financial backgrounds who wish to build a career in finance.

Ques. What is the seat intake for M.Sc. Finance at NMIMS Mumbai, and how competitive is the admission?

Ans. The program has a very small intake of only 30 seats, making it highly competitive. Given the limited seats and the quality of the program, students with strong quantitative aptitude and a clear interest in capital markets and risk management tend to fare better in the selection process.

Ques. What kind of roles do M.Sc. Finance graduates from NMIMS get placed in, and what is the average salary?

Ans. Graduates are placed in roles such as Research Analyst, Investment Banking Analyst, Equity Research Analyst, Financial Analyst, Dealer Treasury, ESG Data Analyst, and Rating Analyst. As per the 2023-24 placement report, the average compensation package for M.Sc. Finance was Rs. 7.78 LPA and the highest was Rs. 14 LPA. Key recruiters include Aditya Birla Sun Life Mutual Fund, Futures First, FactSet, Kroll, and William O'Neil.

Ques. Is hostel accommodation available for M.Sc. Finance students at NMIMS Mumbai?

Ans. Yes, hostel accommodation is available on campus, though it is optional and not included in the program fees. Boys can opt for G.R. Jani Boys Hostel (AC) at Rs. 3,50,000 for 10 months or Anand Premises Boys (AC) at Rs. 4,50,000 for 10 months. Girls can opt for MKM Sanghvi Girls Hostel (AC) at Rs. 4,00,000 or Bansi Villa Girls Residential Flats (AC) at Rs. 3,50,000 for 10 months. A refundable security deposit of Rs. 10,000 is also applicable.

Ques. What is the significance of Bloomberg Terminal access in the M.Sc. Finance program at NMIMS?

Ans. Bloomberg Terminals provide real-time financial market data, analytics, and trading tools used by professionals in investment banking, asset management, and financial research globally. Access to Bloomberg Terminals during the program gives M.Sc. Finance students hands-on experience with the same tools used by industry professionals, significantly enhancing their employability and readiness for roles in capital markets, equity research, and risk management.