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Top MBA Finance Colleges in India: Dates, Ranking, Fees, Eligibility, Selection Criteria 2024

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Zollege Team

Content Curator | Updated On - May 1, 2024

The top MBA Finance colleges in India according to NIRF ranking 2023 are IIM Ahmedabad, IIM Bangalore, IIM Kozhikode, IIM Calcutta, and IIT Delhi. 

  • IIM Ahmedabad is the MBA Finance college in India with an 83.20 NIRF score in 2023.
  • The top MBA Finance colleges in Mumbai are the SP Jain Institute of Management and Research, Narsee Monjee Institute of Management Studies, and Shailesh J Mehta School of Management- IIT Bombay.
  • The best government MBA Finance colleges in India include IIM Kozhikode, Shailesh J. Mehta School of Management, Department of Management Studies- IIT Roorkee, etc. 
  • Candidates who want to get into the best MBA Finance course must pass the entrance exams. Some of the popular entrance exams for MBA in Finance are the CAT, the MAT, the GMAT, the ATMA, the XAT, and the CMAT.
  • Candidates must have a Bachelor's degree in any field from a recognized college or university with a minimum Grade average of 50% or the equivalent.
  • Final-year candidates can also apply, but their acceptance will depend on how well they performed in their last year.
  • The fee structure for an MBA in Finance course range between INR 2.1 lakh and INR 15 lakh per year on average.

Top 5 MBA Finance Colleges in India

  • IIM Ahmedabad
  • IIM Bangalore
  • IIM Kozhikode
  • IIM Calcutta
  • IIT Delhi

Top 10 MBA Finance Colleges in India

The table below highlights the list of the top 10 MBA Finance Colleges in India.

College  Rank  Fees Eligibility
Indian Institute of Management, Ahmedabad
  • NIRF 2023: 1
  • Outlook 2023: 1
  • FT 2023: 51
INR 2461000 Graduation: 50% + CAT/GMAT
Indian Institute of Management, Bangalore
  • NIRF 2023: 2
  • Outlook 2023: 2
  • FT 2023: 52
INR 2450000 Graduation: 50% + CAT/GMAT
Indian Institute of Management Kozhikode
  • NIRF 2023: 3
  • IIRF 2023: 6
INR 2050000 Graduation: 60% + CAT
Indian Institute of Management, Calcutta
  • NIRF 2023: 4
  • Outlook 2023: 3
  • FT 2023: 76
INR 2700000 Graduation: 50% + CAT
Indian Institute of Technology, Delhi
  • NIRF 2023: 5
  • QS World University Rankings 2023: 174
INR 1040000 Graduation: 60% + CAT
Indian Institute of Management, Lucknow
  • NIRF 2023: 6
  • Outlook 2023: 4
  • FT 2023: 90
  • IIRF 2023: 4
INR 1430000 Graduation: 50% + CAT
National Institute of Industrial Engineering, Mumbai
  • NIRF 2023: 7
  • IIRF 2023: 7
INR 1253000 Graduation: 50% + CAT/GATE
Indian Institute of Management, Indore
  • NIRF 2023: 8
  • Outlook 2023: 5
  • FT 2023: 89
INR 2114222 Graduation: 50% + CAT
XLRI-Xavier School of Management, Jamshedpur
  • NIRF 2023: 9
  • Outlook 2023: 1
INR 2170000 Graduation + XAT
Indian Institute of Technology, Bombay
  • NIRF 2023: 10
INR 1422600 Graduation: 60% + CAT

Frequently Asked Questions

Ques. Is admission to IIM Lucknow possible without a CAT score?

Ans: No, The only way to reserve a seat at IIM Lucknow is to take the GMAT and achieve a valid sectional and overall score. The candidate must pass the GMAT with a minimum score between 670 and 715 to qualify for the course.

Ques. What job opportunities are available after earning an MBA in Finance?

Ans: MBA in Finance opens up opportunities for various job prospects in multiple areas of accounting and financial management, including financial institutions, banks, stock exchanges, trading companies, etc.

Ques. Is there a future for MBA in Finance?

Ans: MBA in Finance offers extensive opportunities. MBA in Finance graduates can explore a wide range of rewarding career opportunities in the public and private sectors.

Ques. Which exam is required for MBA in Finance?

Ans: GMAT, CAT, MAT, and CMAT entrance exams are required for the MBA in finance.

Ques. What are the average costs in India for an MBA course in Finance?

Ans: The average annual MBA Finance fees in India range from INR 1,10,000 to INR 7,00,000 lakh.

Ques. How much salary does an MBA Finance earn each month in India?

Ans: MBA Finance graduates earn an average salary of approximately INR 3.73 LPA.

Ques. Is direct admission to IIM Ahmedabad for MBA in Finance possible?

Ans: Yes, IIM Ahmedabad has begun accepting students directly through the management quota seats, but only if they meet the qualifications required.

Ques. What are the application fee for IIT Bombay’s MBA in Finance course?

Ans: The MBA application cost at IIT Bombay is 1,600 INR.

Ques. Which IIM is the best for MBA in Finance?

Ans: IIM Bangalore is one of the best institutes for an MBA in Finance.

Ques. What is the topic of MBA Finance courses?

Ans: The major MBA in Finance courses include Financial Accounting & Analysis, Business Economics, Business Law, Cost and Management Accounting, Direct and Indirect Taxation, Capital Market and Portfolio Management, and so on.

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