MBA Finance: Full Form, Eligibility, Entrance Exams, Cutoff, Top Colleges, Future Scope

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MBA in Finance is a postgraduate degree program that is of duration of 2 years. This program prepares the students for all finance-related subjects like finance management, financial assessment, control, investment, and planning, etc. The MBA in Finance is one of the best options for students who are interested in the money or stock markets and aspiring to make their careers in the financial sphere.

MBA in Finance

Career opportunities that MBA finance provides are financial experts, investors, bankers, investment banking, financial advisor, and many more. The average package a candidate obtains after successful completion of the degree in India is around INR 7 LPA to 20 LPA. MBA Finance Admissions are mostly based on the marks obtained in national or state-level examinations like the CAT, XAT, MAT, SNAP, etc.

The basic eligibility criterion to be admitted into MBA Finance is that candidate should score an average of 50% marks in graduation from a UGC-recognized university along with qualifying for the respected entrance. The average fee for pursuing MBA Finance in India is around INR 4-20 lakhs and the fees may depend on the institution.

The admissions in MBA Finance in India are based on the entrances conducted by the state or the central government. Some of the top Colleges in India that provide a degree in MBA Finance are IIM Kozhikode, IIT Roorkee, IIT Madras, IIM Raipur, IIM Tiruchirappalli, and SP Jain institute of management and research Mumbai.

MBA Finance Course Highlights

MBA Finance Course Highlights

MBA Finance course details is tabulated below:-

MBA Finance Full Form	Master of Business administration in Finance.
MBA Finance Duration	2 years
MBA Finance Specializations	International Finance, Taxation, Tax Planning, Investment management, Insurance management, Financial Statement Reporting and Analysis
MBA Finance Eligibility	50% in bachelor’s degree from any recognized university/ college.
MBA Finance Selection Process	Admission is based on the entrance examination conducted by the state or central government.
MBA Finance Entrance Exams	CAT, MAT, GMAT, XAT, NMAT, ATMA, IRMASAT, KMAT, TISSNET, MAH CET, IIFT, KIITEE, SNAP, IBSAT
MBA Finance Course Fees	4-20 Lakhs (Average Fees)
Online MBA Finance program	The duration of the online course is the same as offline and the candidate must score 50% aggregate marks in a bachelor’s degree.
Top MBA Finance Colleges	IIM Kozhikode, IIT Roorkee, IIT Madras, IIM Raipur, IIM Tiruchirappalli, and SP Jain institute of management and research Mumbai, etc
MBA Finance Salary	7-20 LPA (Average Salary)
MBA Finance Job Profiles	Financial Analyst, Finance Manager, Senior Financial Analyst, Senior Business Analyst, Business Analyst - IT, Operations Manager, Relationship Manager etc.

What is an MBA Finance?

MBA Finance Eligibility Criteria

MBA Finance Eligibility Criteria

Candidates must go through the basic eligibility criteria before applying for the same. The basic eligibility criteria for an MBA in Finance are the same as a general MBA degree. The eligibility criteria are discussed below:

Minimum 50% marks in bachelor’s degree are required for admission.
45% marks in bachelor’s degree for reserved category students.
Candidates must have qualified the entrance exam accepted by the preferred Institute as selection is based on the marks obtained in the national entrance examinations like the CAT, MAT, GMAT, XAT, NMAT, etc.
No age bar is being given.
Candidates appearing for the final year of their UG degree waiting for results can also apply. Admission of such candidates will be provisional depending on the submission of a pre-final certificate signed by competent authorities of the previous institute/ university

MBA Finance Entrance exams

MBA Finance Entrance exams

Exam name	Exam date
CAT 2022	27th November 2022
MAT 2023	1st week of May 2023
XAT 2023	8 January 2023
ATMA 2023	12th February 2023
SNAP 2022	10th December 2022 (test1) 18th December 2022 (test2) 23rd December 2022 (test 3)

Top MBA Finance Colleges in India

Top MBA Finance Colleges in India

As per data released by the NIRF the top 20 MBA colleges in India are tabulated below:

College Name	NIRF Ranking	Eligibility	Fees	Average package
IIM Ahmedabad	1	Bachelor’s degree with 50% marks or equivalent CGPA	INR 23 Lakhs	INR 27.54 LPA
IIM Bangalore	2	Bachelor’s degree with 50% marks or equivalent CGPA	INR 23.20 Lakhs	INR 33.82 LPA
IIM Calcutta	3	Bachelor’s degree with 50% marks or equivalent CGPA	INR 23.20 Lakhs	INR 34.2 LPA
IIT Delhi	4	Bachelor’s degree with 60% marks or equivalent CGPA	INR 10.40 Lakhs	INR 21.9 LPA
IIM Kozhikode	5	Bachelor’s degree with 50% marks or equivalent CGPA	INR 22.50 Lakhs	INR 29.5 LPA
IIM Lucknow	6	Bachelor’s degree with 50% marks or equivalent CGPA	INR 20.75 Lakhs	INR 31.03 LPA
IIM Indore	7	Bachelor’s degree with 50% marks or equivalent CGPA	INR 21.O4 Lakhs	INR 25.05 LPA
NIIE Mumbai	9	Bachelor’s degree with 60% marks or equivalent CGPA	INR 12,53 Lakhs-INR 14.63 Lakhs	INR 25.4 LPA
IIT Madras	10	Bachelor’s degree with 60% marks or equivalent CGPA	INR 10.99 Lakhs	INR 16.66 LPA
IIT Bombay	11	Bachelor’s degree with 50% marks or equivalent CGPA.	INR 8.27 Lakhs	INR 25.9 LPA
IIT Kharagpur	12	Bachelor’s degree in technology, engineering, medicine, pharmacy or master’s in economics, commerce, and science with 60% marks or 6.5 CGPA for the general category students and 55% or 6.0 CGPA for reserved candidates.	INR 9.00 Lakhs	INR 19.36 LPA
Management development institute	13	Bachelor’s degree with 50% marks or equivalent CGPA	INR 10.27 Lakhs – 24.2 Lakhs	INR 32.2 LPA
IIM Raipur	14	Bachelor’s degree with 50% marks or equivalent CGPA	INR 14.02 Lakhs	INR 15.20 LPA
IIM Ranchi	15	Bachelor’s degree with 50% marks or equivalent CGPA and 45% for reserved candidates	INR 16.03 Lakhs	INR 16.62 LPA
IIM Rohtak	16	Bachelor’s degree with 50% marks or equivalent CGPA and 45% for reserved candidates	INR 8.95 Lakhs-17.9 Lakhs	INR 16.06 LPA
Symbiosis School of Business Management	17	Bachelor’s degree with 50% marks or equivalent CGPA and 45% for reserved candidates	INR 15.03 Lakhs	INR 23.06 LPA
IIM Tiruchirappalli	18	Bachelor’s degree with 50% marks or equivalent CGPA and 45% for reserved candidates	INR 11.08 Lakhs	INR 25.04 LPA
IIT Roorkee	19	Bachelor’s degree with 60% marks or equivalent CGPA and 55% for reserved candidates	INR 9.54 Lakhs	INR 10.71 LPA
IIT Kanpur	20	Candidate should score 65% and above in class 10+2 and 50% above in bachelor and overall should score 85% and above in CAT entrance.	INR 2,80 Lakhs-13.5 Lakhs	INR 20.05 LPA
S.P Jain Institute of Management and research	21	Bachelor’s degree with 50% marks or 2.0 CGPA and 45% for reserved candidates	INR 20.42 Lakhs-22.1 Lakhs	INR 32.06 LPA

Top MBA Finance Colleges in Gujarat

Institute Name	NIRF Ranking	Eligibility	Fees	Average package
IIM Ahmedabad	1	Bachelor’s degree with 50% marks or equivalent CGPA	INR 23 Lakhs	INR 27.54 LPA
MICA	42	Graduation with a minimum of 50% from a recognized university.	INR 21.00 Lakhs	INR 13.00 LPA
Institute of Management, Nirma university	45	Bachelor’s degree with 50% marks or equivalent CGPA	INR 9.52 Lakhs	INR 10.35 LPA
Institute of rural management, Anand	58	Graduation with a minimum of 50% from a recognized university.	INR 15,17 Lakhs	INR 10.77 LPA
School of Petroleum Management, Pandit Deendayal energy university	89	Graduation with a minimum of 50% from a recognized university.	INR 8.33 Lakhs	INR 7.52 LPA

Top MBA Finance Colleges in Pune

Institute	NIRF ranking	Eligibility	fees	Average package
Symbiosis institute of business management	17	Bachelor’s degree with 50% marks or equivalent CGPA	INR 15 Lakhs- 21 Lakhs	INR 23.06 LPA
NMIMS Mumbai	25	Bachelor’s degree with 50% marks or equivalent CGPA	INR 1,29 Lakhs – 1.33 Lakhs	INR 8.10 LPA
National institute of bank management	87- NIRF 2019	Bachelor’s degree with 50% marks or equivalent CGPA	INR 8.04 Lakhs	INR 11 LPA
MIT School of Management	-	Bachelor’s degree with 50% marks or equivalent CGPA	INR 4.4 Lakhs- 4.9 Lakhs	INR 5 LPA
Indira institute of management	-	Bachelor’s degree with 50% marks or equivalent CGPA	INR 8 Lakhs	INR 3.08 LPA

Top MBA Finance Colleges in Jammu & Kashmir

institute	NIRF Ranking	Eligibility	Fees	Average package
IIM Jammu	36	Bachelor’s degree with 50% marks or equivalent CGPA	INR 26 Lakhs – 28 Lakhs	INR 34.2 LPA
University of Jammu	100	Bachelor’s degree with 50% marks or equivalent CGPA	INR 6.40 Lakh	INR 3.05 LPA
NIT Srinagar	-	Bachelor’s degree with 50% marks or equivalent CGPA	INR 10.18 Lakhs	INR 8.69 LPA
Shri Mata Vaishno devi university	-	Bachelor’s degree with 50% marks or equivalent CGPA	INR 6.6 Lakhs	INR 4.4 LPA
University of Kashmir	-	Bachelor’s degree with 50% marks or equivalent CGPA	INR 35,100	INR 6.5 LPA

Top MBA Finance Colleges in Tamil Nadu

Institute	NIRF ranking	Eligibility	Fees	Average package
IIM Tiruchirappalli	18	Bachelor’s degree with 50% marks or equivalent CGPA and a valid score in the CAT entrance.	INR 11 – 28 Lakhs	INR 17 LPA
Great lakes institute of management	31	Bachelor’s degree with 50% marks or equivalent CGPA and a valid score in the CAT, XAT, and MAT entrance.	INR 13.25 Lakhs	INR 18.86 LPA
NIT Tiruchirappalli	39	Bachelor’s degree with 50% marks or equivalent CGPA and a valid score in the CAT entrance.	INR 3.10 Lakhs	INR 7.9 LPA
PSG College of technology	63	Bachelor’s degree with 50% marks or equivalent CGPA and a valid score in the CAT entrance.	INR 80000-90000 Lakh	INR 4.20 LPA
Loyola Institute of Business Administration	86	Bachelor’s degree with 50% marks or equivalent CGPA and a valid score in the CAT entrance.	INR 1.2 LPA – 1.7 LPA	INR 7 LPA

Top MBA Finance Colleges in Delhi

Institute	NIRF Ranking	Eligibility	Fees	Average package
Indian Institute of Technology Delhi	4	Bachelor’s degree with 50% marks or equivalent CGPA and a valid score in the CAT entrance.	INR 9.0 Lakhs	INR 22 LPA
Indian institute of foreign trade	24	Bachelor’s degree with 50% marks or equivalent CGPA and a valid score in the CAT entrance.	INR 21 Lakhs	INR 20.48 LPA
Jamia Millia Islamia	29	Bachelor’s degree with 50% marks or equivalent CGPA and a valid score in the CAT entrance.	INR 47,000-1,3 Lakhs	INR 8.8 LPA
International management institute	30	Bachelor’s degree with 50% marks or equivalent CGPA and a valid score in the CAT entrance.	INR 7.08 Lakhs	INR 15.28 LPA
Fore School of Management	60	Bachelor’s degree with 50% marks or equivalent CGPA and a valid score in the CAT entrance.	INR 16.8 Lakhs	INR 14.04 LPA

MBA Finance Cutoff: Last 5 Years Comparison

MBA Finance Cutoff: Last 5 Years Comparison

IIM Ahmedabad MBA Finance Cutoff

Category	Cut-off 2022	Cut-off 2021	Cut-off 2020	Cut-off 2019	Cut-off 2018
General	80	80	80	80	90
NC-OBC	75	75	75	75	85
SC	70	70	70	70	80
ST	60	60	60	60	70
PwD	70	70	70	70	80

IIM Bangalore MBA Finance Cutoff

Category	cut-off 2022	cut-off 2021	Cut-off 2020	Cut-off 2019	Cut-off 2018
General	85	85	85	85	90
EWS	75	75	75	-	-
OBC	75	75	75	75	75
SC	70	70	70	70	70
ST	65	65	65	65	65
DAP	65	65	65	60	60

IIM Calcutta MBA Finance Cutoff

Category	Cut-off 2023	Cut-off 2022	Cut-off 2021	Cut-off 2020	Cut-off 2019
General	85	85	85	85	90
NC-OBC	75	75	75	75	75
EWS	75	75	75	75	75
SC	70	70	70	70	70
ST	65	65	65	65	65
PwD	55	45	45	45	65

IIT Delhi MBA Finance Cutoff

Category	Cut-off 2022	Cut-off 2021	Cut-off 2020	Cut-off 2019	Cut-off 2018
General	90	90	90	90	95.01
NC-OBC/EWS	81	81	81	81	86.38
SC	60	60	60	60	67.61
ST	60	60	60	60	60.90
PwD	60	60	60	60	77.74

IIM Kozhikode MBA Finance Cutoff

Category	Cut-off 2022	Cut-off 2021	Cut-off 2020	Cut-off 2019	Cut-off 2018
General	85	85	75	90	90
NC-OBC/EWS	75	75	65	80	80
SC	65	65	55	65	65
ST/PwD	55	55	45	55	55

MBA Finance Vs MCom Course Comparison

MBA Finance Vs MCom Course Comparison

Particulars	MBA Finance	MCom
Duration	2 years	2 years
Course type	Skill-based	Knowledge-based
Application	Practical	Theoretical
Types of universities that offer this course	Engineers and management institutes like IIT and IIM offer these courses.	Normal universities and colleges that even offer others like science, and Arts also offer this degree.
Internships	Compulsory	Not-mandatory
Entrance exams	MBA entrance exams like CAT, MAT, XAT and GMAT, etc	Entrance conducted by the university
Average fees in a private college	INR 20 Lakh- 40 Lakh	INR 15,000- 75,000
Average fees in a government college	INR 65,000	INR 15,000-60,000

MBA Finance Scope

MBA Finance Scope

MBA in Finance is one of the most preferred and prestigious degrees to pursue and this degree prepare the students for all future endeavours related to finance and money. This is one of the best degrees for students who are interested in finance and are willing to build a career in Finance. The MBA in Finance improves a candidate’s financial skills, awareness of the economy, Business concepts, etc.

Particular	Details
Average Salary	INR 4 Lakhs- 20 Lakhs
Highest package	INR 1.75 CPA
Courses after MBA Finance	Quantitative Finance Course, Financial Risk Management, Financial Planning and services, Chartered Financial Analyst, Certified Financial Planner, NCFM Certifications, Company Secretary, FLIP Certification, Chartered alternative investment analyst, Executive program in algorithmic Trading, Actuary, Certified in Production and Inventory Management
Job profiles	Corporate Finance, Wealth and portfolio management, Investment Banking, Finance research analysis, financial consulting, Merchant Banking, Risk Management, Asset Management, Project finance, and Venture capitalism.
Top recruiters	Goldman Sachs, Morgan Stanley, Boston Consulting, Bai & Company, JP Morgan Chase & Co., McKinsey & Co., Barclays, KPMG, HDFCs, and National Bank of India.

FAQs

FAQs

Ques. What are the basic eligibility criteria to apply to an MBA program?

Ans. The Basic eligibility criteria to apply to an MBA Program is 50% marks for Bachelor’s degree from any recognized university and one should score valid marks in entrance exams conducted by the state as well as the national government.

Ques. Does IIM have a lateral entry?

Ans. The course offered by the IIM institute in India does not offer any lateral entry.

Ques. Which is the top-rated MBA institute in India?

Ans. The top-rated MBA institute in India is IIM Ahmedabad as rated by NIRF followed by IIM Bangalore and IIM Calcutta.

Ques. What is the starting salary after MBA in Finance?

Ans. The starting salary after successful completion of an MBA in Finance is INR 5 Lakhs – 15 Lakhs depending on the company.

Ques. What is the duration of an MBA in Finance?

Ans. The duration of an MBA in Finance is 2 years.

Ques. Can I apply for MBA in Finance after my B. Tech?

Ans. Yes, the application can be filled for an MBA in Finance after completion of B.Tech.

Ques. Is pursuing MBA in Finance worth it?

Ans. MBA in Finance is one of the most preferred degrees now and is completely worth it as it has practical applications and an individual can get the best job opportunities after successful completion of the MBA in Finance.

Ques. What are some of the top recruiters after an MBA in Finance?

Ans. Some of the top recruiters after an MBA in Finance are Goldman Sachs, Morgan Stanley, Boston consulting, Bai & Company, JP Morgan Chase & Co., McKinsey & Co., Barclays, KPMG, HDFCs, and National Bank of India.

Ques. What are the average fees in private colleges and government colleges in India?

Ans. The average fee in private colleges in India is INR 20 Lakh- 40 Lakh and that of Government colleges is INR 65,000.