Top 15 Best Colleges for Finance in India with Placement

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Top 15 Best Colleges for Finance in India with Placement Insights

If you're considering a career in Finance, choosing the right college is your first and most crucial step. Finance is one of the most sought-after all other MBA specializations in India, offering lucrative roles in investment banking, asset management, fintech, corporate finance, and more. But where should you study?

Why Choose Finance? Career Opportunities & Scope Explained

Finance is more than just numbers — it's the backbone of every business decision. Whether it's managing investments, analyzing risk, budgeting for growth, or optimizing financial performance, professionals in finance are key decision-makers in any organization.

Here’s why choosing finance — especially pursuing an MBA in Finance — is a smart and future-proof career choice:

1. Universal Demand

Every industry needs finance professionals. From startups and MNCs to banks, insurance companies, and even governments — finance roles are critical. This makes it one of the most versatile and in-demand career domains.

2. High-Paying Career Paths

Finance offers some of the highest paying roles in the job market. Roles like Investment Banker, Equity Analyst, Portfolio Manager, and Corporate Finance Executive can earn packages that go up to ₹30–50 LPA and beyond with experience.

3. Diverse Career Options

A degree in finance opens doors to a variety of career tracks:

  • Investment Banking

  • Corporate Finance

  • Wealth Management & Financial Planning

  • Equity Research

  • Risk Management

  • Mergers & Acquisitions (M&A)

  • Fintech & Crypto Finance

  • Private Equity & Venture Capital

Each of these fields offers challenging, high-growth, and intellectually stimulating opportunities.

4. Strong Career Growth & Global Opportunities

Finance is a globally recognized field. Whether you plan to work in India or move abroad, finance degrees — especially from top colleges — are well-regarded internationally. Certifications like CFA, FRM, or CPA can further enhance global mobility.

5. Power to Influence Business Decisions

Finance is not just a back-end role anymore. As a finance professional, you’ll often be part of strategic planning, helping CXOs and board members take data-driven decisions. You play a key role in mergers, budgeting, and expansion planning.

6. Recession-Resilient Skills

While no career is completely recession-proof, finance professionals — especially those in roles like risk management and compliance — are often in demand even during economic downturns.

Here's guide to the Top 15 Best Colleges for Finance in India with Placement Insights, helping you understand what makes each institution stand out.

Top Best Colleges for Finance in India

1. Indian Institute of Management Ahmedabad (IIM-A)

Often regarded as the top MBA finance college in India, IIM Ahmedabad has a stellar finance curriculum. Its strong academic rigor, alumni network, and regular interactions with top finance professionals make it a top choice. Companies like Goldman Sachs, JP Morgan, and McKinsey actively recruit from here with packages often crossing ₹30 LPA.

2. Indian Institute of Management Bangalore (IIM-B)

IIM Bangalore is known for its focus on finance and analytics. With dedicated electives in corporate finance, derivatives, and financial markets, the college prepares you for both BFSI and consulting sectors. Finance roles dominate campus placements with recruiters like Morgan Stanley, BCG, and Axis Bank.

3. Indian Institute of Management Calcutta (IIM-C)

Nicknamed the “Finance Campus of India,” IIM Calcutta is a dream for many finance aspirants. It has a legacy of producing top investment bankers and equity researchers. The finance cohort gets placed in global firms with packages reaching over ₹25 LPA.

4. Faculty of Management Studies (FMS), Delhi University

What makes FMS stand out is its affordable fee and high ROI. Despite low tuition, finance students land jobs at top consulting firms and private banks. With median packages around ₹30 LPA, FMS is a strong contender among the best colleges for finance in India.

5. Indian School of Business (ISB), Hyderabad & Mohali

Though it offers a one-year PGP, ISB is globally ranked and highly respected in the finance domain. The course is intensive and industry-aligned, and finance graduates often move into leadership roles in fintech, PE/VC, and banking.

6. XLRI – Xavier School of Management, Jamshedpur

XLRI offers a PGDM in Finance with a deep focus on ethics and strategic financial decision-making. Known for its holistic pedagogy, it attracts recruiters like Citibank, Deloitte, and HSBC during final placements.

7. SP Jain Institute of Management and Research (SPJIMR), Mumbai

SPJIMR stands out for its innovative pedagogy and location advantage. With Mumbai being India’s financial capital, students benefit from industry exposure. Finance recruiters here include Goldman Sachs, Nomura, and KPMG.

8. IIM Lucknow

This institute blends theoretical knowledge with practical exposure through internships and live projects. Top firms like HDFC Bank, PwC, and ICICI recruit finance graduates with packages averaging ₹25 LPA.

9. International Institute of Business Studies (IIBS), Bangalore

IIBS is emerging as one of the best colleges for finance in India for those seeking practical exposure. With international finance modules and industry visits, the college ensures students are ready for global roles. Finance students at IIBS have secured roles in firms like Deloitte, Grant Thornton, and HSBC.

10. Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai

JBIMS is fondly called the "CEO Factory of India." With decades of legacy and alumni leading major banks, it's a great option for those looking to make it big in finance. Finance roles in investment banking and equity research dominate placements.

11. IIM Kozhikode

This IIM offers a well-structured finance curriculum, covering everything from risk management to portfolio optimization. Finance placements are strong with companies like EY, Deloitte, and CRISIL visiting the campus.

12. MDI Gurgaon (Management Development Institute)

Located in the NCR, MDI Gurgaon attracts finance recruiters across domains—BFSI, analytics, and consultancy. With average salaries around ₹23 LPA and specialized finance electives, it holds a good rank among the top MBA finance colleges in India.

13. IIM Indore

IIM Indore’s finance specialization is gaining traction with top recruiters such as Kotak Mahindra, American Express, and Axis Bank. The blend of academic rigor and live financial projects makes it a strong contender.

read more about Best Private Business schools in India

14. T.A. Pai Management Institute (TAPMI), Manipal

TAPMI offers a specialized MBA in Banking and Financial Services (BKFS), making it unique among other colleges. The program is updated regularly to match fintech trends, and placement records in BFSI roles are consistently high.

15. Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

NMIMS offers a strong MBA in Finance program aligned with industry requirements. Its proximity to financial markets and connections with corporate houses make it a strong option for finance aspirants.

Top 15 Best Colleges for Finance in India along with their program fees and average to highest placement packages.

College Name

Program Fee (₹)

Average Package (₹ LPA)

Highest Package (₹ LPA)

IIM Ahmedabad

25 – 28 Lakhs

35 – 36

1.15 Cr (international)

IIM Bangalore

24 – 26 Lakhs

35.31

1.05 Cr (international)

IIM Calcutta

25 – 28 Lakhs

35.07

1.2 Cr (international)

FMS Delhi

2 – 2.5 Lakhs

34.1

1.23 Cr (international)

ISB (Hyderabad & Mohali)

41 – 43 Lakhs (1-year PGP)

34 – 35

70+ LPA

XLRI Jamshedpur

23 – 25 Lakhs

32.7

75 LPA

SPJIMR Mumbai

24 – 25 Lakhs

33

77.8 LPA

IIM Lucknow

21 – 23 Lakhs

32.2

65+ LPA

NMIMS Mumbai

21 – 22 Lakhs

17.2

58 LPA

JBIMS Mumbai

6 – 7 Lakhs

28.02

35 – 40 LPA

IIM Kozhikode

21 – 23 Lakhs

31.02

67.02 LPA

MDI Gurgaon

24 – 25 Lakhs

27.67

60+ LPA

IIM Indore

21 – 23 Lakhs

25.68

63.88 LPA

TAPMI Manipal (BKFS)

16 – 17 Lakhs

12.6

25 – 30 LPA

IIBS Bangalore

6.9 – 8.4 Lakhs

8 – 10

22 – 25 LPA

Final Thoughts:

Choosing the right college for MBA in Finance is about balancing reputation, placement records, industry exposure, and your personal goals. The above list includes a mix of premium IIMs, private B-schools, and upcoming institutes that all offer excellent prospects for building a successful finance career.

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