Top 10 Finance Colleges in India

Top 10 Finance Colleges in India: Making the right career choices starts as soon as you decide to choose the college. So looking for the best colleges and knowing the pre-requisites for admission is a critical task. A career in finance will never get obsolete, as finance is the backbone of every economy. If you have decided to pursue finance, you are on the right page.

You can find various colleges and institutes that claim to be the best. But before investing anywhere, you should always do your research and look at the pros and cons. To make your research process a bit easier, here are the few shortlisted institutes with their key features. Read along with the list and find the institute that is best suited for you.

1. SP Jain Institute of Management and Research

The institute has recognition from the University Grants Commission and the All India Council of Technical Education. The selection process is based on your CAT/GMAT score, followed by a group discussion and a personal interview. The program by SP JIMR is designed in a way that the classrooms themselves become virtual companies. One of the major advantages being in the institute is the easy access to industry and constant up-gradation as per market needs.
• Location: Mumbai, Maharashtra
• Accreditation: AACSB International -The Association to Advance Collegiate Schools of Business
• Average Package: 25.6 lakh per annum
• Highest Package: 46.5 lakh per annum
• Top Recruiters: 3M, Citi Bank, Accenture, Microsoft, Uber, American Express, BYJU’s, Flipkart, Amazon.

2. Narsee Monjee Institute of Management Studies

NMIMS is one of the few institutes that offer specialization in banking. The institute is located in Mumbai, which gives the students an active corporate interface. Even the recruiters are always positive about the students from this specialization. The admission to the institute is based on NMAT by GMAC. Some of the highlights are mentioned as under:
• Location: Mumbai, Maharashtra
• Accreditation: NAAC (National Assessment and Accreditation Council)
• Average Package: 17.58 lakh per annum
• Highest Package: 30.37 lakh per annum
• Top Recruiters:3M, Accenture, ACT TV, Airtel, Bharat Petroleum, Citi Bank, Birla Sunlife Insurance.

3. K J Somaiya Institute of Management Studies and Research

The financial services course offered by the institute is a unique combination of financial market concepts and techniques and policy formation. This learning process trains the students for the domestic market and gives them in-depth knowledge of global financial services. The AICTE approves the institute. The selection process is based on your CAT/GMAT score, followed by a group discussion and a personal interview. Important points for consideration are provided as under:
• Location: Mumbai, Maharashtra
• Accreditation: NBA (National Board of Accreditation)
• Average Package: 10.75 lakh per annum
• Highest Package: 28.50 lakh per annum
• Top Recruiters: ITC Limited, Airtel, Amazon, Bisleri, Carrier, Mercedes Benz, Aditya Birla Capital, Ernst & Young, Deloitte.

4. Lal Bahadur Shastri Institute of Management

LBSIM is one of the most reputed institutes of management that offers dual specialization in finance. The admission is based on the entrance exam, and seats are limited to 480. Some of the most sought information is given below.
• Location: Delhi
• Accreditation: AACSB (Association to Advance Collegiate School of Business)
• Average Package: 6 lakh per annum
• Highest Package: 12 lakh per annum
• Top Recruiters: Maruti Suzuki, Deloitte, Accenture, Infosys, Accenture, Aon Hewitt, Asian Paints, Click Labs, Daffodil Software, Ericsson India, HCL.

5. Xavier Institute of Social Service

The Xavier Institute of Social Service is approved by AICTE (All India Council of Technical Education). For admission to the institute, students must qualify the entrance exam along with CAT, XAT, and CMAT. The final selection is based on group discussion and assessment of writing skills followed by a personal interview. The brief highlights of the college are given below.
• Location: Ranchi, Jharkhand
• Accreditation: NAAC (National Assessment and Accreditation Council)
• Average Package: 5 lakh per annum
• Highest Package: 13.5 lakh per annum

6. International School of Business and Media

ISBM is one of the top B-schools in the country. Apart from all the theoretical knowledge, the institute focuses on training and developing a practical understanding of financial markets. This is what makes the students confident in entering the actual markets after completing the course. Some of the key points are highlighted below:
• Location: Pune, Maharashtra
• Accreditation: AICTE (All India Council of Technical Education)
• Average package: INR 8.56 lakh per annum
• Highest Package: INR 21 lakh per annum
• Top Recruiters: Aditya Birla Capital, AstraZeneca, Bosch + Lomb, Fujitsu, Bharti Axa, Byju’s, Carlsberg.

7. National Institute of Bank Management

National Institute of Bank Management is one of the oldest institutes established by the Reserve Bank of India in 1969. The institute was established to provide talented young executives to the country’s financial system regularly. The students here are thoroughly trained in every perspective of banking and finance. Seats for the course are limited to 120. For admission, one must have a minimum of 50% in bachelor’s degree and qualify CAT/XAT/CMAT. Some of the recent noteworthy mentions are:
• Location: Pune, Maharashtra
• Accreditation: NAAC (National Assessment and Accreditation Council)
• Average Package: 9.67 lakh per annum
• Highest Package: 22 lakh per annum
• Top Recruiters: Axis Bank, ICICI Bank, Yes Bank, HSBC, Wipro, Accenture, Care Ratings.

8. Institute of Public Enterprise

Institute of Public Enterprise has a wide range of well-defined and carefully structured programs to choose from. All the programs are recognized by the All India Council for Technical Education (AICTE). For admission, one must have a minimum of 50% in bachelor’s degree and qualify CAT/XAT/CMAT. The final selection is based on group discussion and a personal interview. The highlights of the college are listed below.
• Location: Hyderabad, Telangana
• Accreditation: AIU (Association of Indian Universities)
• Average Package (last year): 6.05 lakh per annum
• Highest Package (last year): 20.08 lakh per annum
• Top Recruiters: Trinity & Amazon, Deloitte, Godrej, ICICI Bank, The Times of India, Cognizant, Videocon, Microsoft.

9. SCMS School of Business (Top 10 Finance Colleges in India )

The industry itself designs the curriculum for the PGDM in Insurance & Banking offered by the SCMS School of Business. And it shows well in the candidates who have passed out from the institute. Also, this is the very Indian institute to get ISO certification for quality teaching and has maintained it till date. The highlights of the college are listed below.
• Location: Kochi, Kerala
• Accreditation: NBA (National Board of Accreditation)
• Average Package: 5 lakh per annum
• Highest Package: 12 lakh per annum
• Top Recruiters: Deloitte, Aditya Birla, ICICI Bank, HDFC Mutual Fund.

10. MIT School of Business (Top 10 Finance Colleges in India )

MIT SOB is affiliated with MIT World Peace University. The institute has various tie-ups so students can upgrade their skills based on the industry trend. Admission is based on the entrance exam followed by group discussion and personal interviews. Some other key features are listed below:
• Location: Pune, Maharashtra
• Accreditation: NAAC (National Assessment and Accreditation Council)
• Average Package (last year): 3.5 lakh per annum
• Highest Package (last year): 7 lakh per annum
• Top Recruiters: AC Neilson, Accenture, Cognizant, Deutsche Bank, eClerx, Geekyworks, Godrej, HCL, HDFC Standard Life, IGATE, Infosys.

FAQS

1. Which institute is best for finance?
Ans- SP Jain Institute of Management and Research, Mumbai
2. Which entrance exams are accepted for admission to MBA in Finance course?
Ans- CAT, XAT, MAT, CMAT, ATMA, etc
3. What is the average salary offered to MBA in Finance graduates in India?
Ans- INR 16-20 lakh per annum