Are you looking for the best business schools in India for MBA in Finance? As you know MBA, abbreviated for Master’s in Business Administration, is one of the most significant and result-oriented programmes that will help you succeed in your choices of business. You can pursue a high-paying job by taking up an MBA in finance or plan to start your own business by understanding the dynamics of the corporate world and operations. 

Here are some of the best Business Schools in India that offer you an MBA in Finance.

Top MBA Colleges in India 

Indian Institute of Management, Calcutta (IIM)

IIM Calcutta is said to be the most prestigious and the first academic institute established by the IIM organisation. One of the prime reasons this MBA college ranks at the top is due to its 100% placement rate. 

The average package offered to the graduates of this B School is estimated to be INR 35.07 LPA. Moreover, over 190 companies visit this institute to provide jobs and interact with the scholars. There are many renowned organisations that hire graduates from the IIM Calcutta every year. Some of these brands are Accenture Strategy, Bain & Company, Boston Consulting Company and McKinsey & Company. 

For the convenience of the students residing within the premises, the administration offers excellent hostels and other facilities. Currently, there are 3 hostels available at IIM Calcutta, named as the Old Hostel, the White Hostel and the New Hostel. Other than this, the cafeteria, game room, internet cafes and en-suite room at every hostel are the basics available for the use of every student. 

In order to be admitted to IIM Calcutta, the students are required to clear the 3 stage program set by the administration. These stages are described below. 

• Stage 1: Stage 1 requires the interested candidates to pass the CAT exam after completing their schooling, which includes the 10th and 12th examination (secondary and senior secondary degree). 

• Stage 2: Stage 2 is the Personal Interview (PI) and Writing Ability Test (WAT) based on the overall score and compatibility based on the following parameters. 

• Stage 3: After successfully completing the first two stages, the shortlisted candidates are finalised on the basis of their overall performance throughout. The concluding parameters that are taken into consideration are as follows. 

Parameters 

Weight

CAT Score (of the year the student is applying) 

30

Personal Interview (PI) 

48

Writing Ability Test (WAT) 

08

Point awarded for Academic Diversity 

06

Work Experience (as per the criteria set by the institution) 

08

Total 

100

Faculty of Management Studies, Delhi (FMS)  

Faculty of Management Studies is one of India's leading Finance MBA Colleges. Established in 1954, this Business school was operated under the administration of Delhi University (DU). Today, it is often listed in the top 10 business schools in India due to the placements and packages offered to the graduates of FMS. 

The average package delivered to the graduates of FMS Delhi is INR 34.1 LPA. Over 80 companies visited the college this past year, and 283 offers were made. This institution's curriculum, reputation and high academic scores have made it highly popular among young scholars for many years. Although the overall placement rate of FMS is very impressive, there are many prestigious organisations that hire scholars from here. Some of these companies are, Airtel, Amazon American Express, Paytm, Adani Group and many others. 

Another factor that attracts the attention of the students is the hostel facilities of the institution. These hostels cater to the needs of the students effectively, and are named as V.K.R.V. Rao, Gwyer, Mansarover and the PG Men’s hostel. These hostels have computer rooms, dining areas, reading spaces, common rooms as well as a playground for the entertainment of the students. 

The admission criteria for FMS includes: 

• Stage 1: In stage 1, the students are expected to register their names and academic certificates on the institution's official website. It is important to note that the average Cutoff for the CAT exam in FMS is 98-99 percentile.

• Stage 2: The interested candidates are then shortlisted based on their academic performance, and personal interviews (PI) are conducted. 

After the interviews of the shortlisted candidates, the final list is declared on the institute's official website. 

Management Development Institute, Gurgaon (MDI)  

Management Development Institute (MDI) is a private school for MBA. It was established in 1973 by the Industrial Financial Corporation of India. The average package offered to the graduates was INR 27 LPA. 

The highest placement stood at INR 60 LPA. In 2023, there were over 102 companies that visited this academic institute, increasing the offer rate up to 164%. The top companies hiring from MDI, Gurgaon are Adidas, Landmark Group, Trident Group, Aditya Birla Group as well as Deloitte. 

The hostel facility offered by the administration of MDI Gurgaon is one of the many reasons that makes the students look for admission here. These facilities include separate rooms and buildings for boys and girls. Each hostel has its own water purifiers, common room, recreation spaces, laundry services as well as security and surveillance. The basic amenities required by the students can be bought from the cooperative store ‘MART’ run by the student council. 

The admission criteria for MDI, Gurgaon, is as follows. 

• Stage 1: Applying for the seats available at the institute. The certificates required to fill out this application entail the following. 

Factors 

Eligibility score 

10th and 12th examination 

50% or equivalent CGPA 

Bachelor’s Degree 

50% or equivalent CGPA 

Work experience (for PGDM-IB) 

1 year 

• Stage 2: All the interested learners are shortlisted on the basis of their academic performance. They are then invited for the Group Discussion-Personal Interview (GD-PI). 

After the final discussion and selection of the students that stand on all the parameters the institute administration sets, the list is declared on the website. 

SP Jain Institute of Management and Research (SPJIMR) 

When talking about the best schools for Finance in India, SP Jain Institute of Management and Research (SPJIMR) is a leading name in the field of Business. The high popularity of this academic institute is due to its attention to intellectual capabilities, extracurricular activities, as well as placement rate.

In 2023, the highest package offered to the graduates of SPJIMR was INR 77.8 LPA. This year, 92% of the batch got an average package of INR 25 LPA and above. The top recruiters during the placements of graduates in SPJIMR are Castrol, Colgate, General Mills, Godrej and GEP Worldwide. 

The hostel facility provided by the administration of the educational institution to the finalised students. The unique aspect of these hostels that makes it distinct from other casual resident facilities include the highly specialised sport resources and area available. They have football, basketball, and volleyball ground, swimming pool, jogging tracks and many other sport related sources. 

The admission criteria for SPJIMR are as follows.

• Stage 1: The students are required to fill out the application form with all their academic certificates and personal details for the PGDM (Post Graduate Diploma in Management). 

• Stage 2: After the participants are shortlisted based on their scores, the following factors are considered for the final admissions. 
• 
  

Factors 

Eligibility criteria 

Academic Background 

Consistent and high scores in 10th and 12th and graduation year. 

Work Experience 

Relevant and robust experience in the chosen field of specialisation. 

Entrance Score 

Every year, the Cutoff for the entrance exams varies, depending on the average score. 

The final list of students accepted for the top MBA Program is then declared on the school's official website or through mail. 

Xavier School of Management, Jamshedpur (XLRI) 

Xavier School of Management (XLRI) is a private business school owned and operated by the Society of Jesus in Jamshedpur, Jharkhand. Being one of India's best colleges for Finance, XLRI gets some of the best packages every year from renowned and prestigious organisations. 

The average salary package at XLRI in 2023 was INR 33 LPA. The top recruiters at XLRI are P&G, Hindustan Unilever, ITC, Johnsons and Johnsons, Asian Paints, Nestle, Coca-Cola, Samsung and Nykaa. Most of the hiring at this institute are in the FMCG, Pharma and Real Estate sectors. 

The hostel facilities available at XLRI are highly comfortable and leisurely, making it tempting for the students to take admission here. Some of these facilities are each floor having a landline, water coolers and common rooms with TV for the entertainment of the students. Moreover, each room is equipped with computers with internet connections, making it easier for the students to learn and research. 

In order to gain admission to XLRI, you must follow the given process mandatorily. 

• Stage 1: Interested students are required to fill out the application form for the XAT (Xavier Aptitude Test) exam conducted by the administration of the academic institution. It is essential for the students to note that in order to get admission to XILR, one has to score in XAT and GMAT. This institute does not accept CAT scores for access. 

• Stage 2: The shortlisted candidates are invited for group discussion and personal interview, where their leadership, communication and understanding skills are evaluated by the leaders. 

After both stages, the final student list is declared on the institution's official website. 

Indian School of Business, Hyderabad (ISB) 

The Indian School of Business is a private school located in Hyderabad and established in 2001. Being one of the best CAT colleges in the country, this school is known for their alumni, focus on management skills, and enhancing the students' overall capability. 

The average package of ISB in 2023 was INR 33.25 LPA. The placement percentage was 99.4%, with 31 international offers. Some domestic hires were Google India, ABP News Network Pvt. Ltd, HDFC Bank, Lenskart, Cars24 Services and Infosys Consulting. 

The facilities offered by this educational institution for the convenience of the students include a huge library, hostels, an incubation centre, sports space and equipment, medical rooms, as well as auditorium to conduct inter and intra events and festivities. 

If you plan to be admitted to ISB College, you must follow the criteria given below. 

• Stage 1: Fill out the application on the official website of the school, emphasising your background, academic and curricular accomplishments, as well as career goals.

• Stage 2: Shortlisted students are called for personal interviews and debates with other candidates to define their capabilities and skills in management. 

The list of finalised students is displayed by the school on their website. 

Indian Institute of Management, Bangalore (IIM) 

If you are looking for another top private college in India to pursue your MBA in Finance, then IIM Bangalore is your solution. Located in the heart of the IT hub of India, an alumnus of this college is prone to exceptional placements within the premises and can start their own start-up by taking up entrepreneurship skills.

The average salary package offered at this college in the year 2023 was INR 35.31 LPA. The companies that participate in the recruitment process at IIM Bangalore are AWS Consulting, The Boston Consulting Group, Microsoft, Amazon Future Builder’s Program, Tata Consultancy Service, and Kotak Mahindra Bank. 

The amenities offered by this academic school for the convenient and comfortable living of the students has 16 hostel blocks. These hostels include 24*7 internet access, hair salon, recreational room, library, and a store area. 

All the students planning to go to IIM Bangalore for an MBA in Finance must pass the following admission procedure. 

• Stage 1: Applying for the vacant seats available for an MBA degree with complete documents, which include the following. 

Documents required 

General Eligibility 

Certificate/result of CAT exam 

80 percentile 

10th result 

50% or equivalent CGPA 

12th result 

50% or equivalent CGPA 

Bachelor’s degree 

55% or equivalent score 

Work Experience 

1 year of experience or more 

• Stage 2: After the students submit all their documents and are shortlisted, they are asked to take the WAT (Written Ability Test) and PI (Personal Interview). These tests are conducted to evaluate the compatibility of the student outside the academic box. 

If the students are able to fulfil all the requirements, they are offered a seat in the MBA Finance program at IIM, Bangalore. 

Symbiosis Institute of Business Management (SIBM) 

One of the best CAT colleges in India, ideal for your MBA in Finance, is the Symbiosis Institute of Business Management (SIBM). The popularity of this college is well-diversified, with people from various academic, professional and cultural backgrounds. 

The average salary package offered to the graduates in 2023 was INR 26.77 LPA, with the highest CTC of 35.05 LPA and median CTC of INR 24 LPA. The top recruiters this year at Symbiosis were Aditya Birla Capital, Amazon, Deloitte, Flipkart, Infosys Consulting, Axis Bank and Bajaj Auto. 

Currently, the administration offers 3 academic infrastructures, which includes the schools, the hostels and sports and fitness clubs. All the students shortlisted for the top MBA program and wish to stay at the premises of the school are allowed to use these facilities and make effective use of it. 

The admission process of SIBM entails the following. 

• Stage 1: The students are asked to submit their certified bachelor’s degree from any reputed university or college. In this, they must score 50% or equivalent CGPA. 

• Stage 2: After filling out their certificates, all the listed candidates are asked to take the SNAP test (Symbiosis National Aptitude Test). 

The list of students that fulfil all the requirements is shortlisted, and names are declared on the official website of the educational institution. An important note for students applying for Symbiosis is that they don’t accept a CAT score for admission. If you wish to be admitted here, you must clear the SNAP test with a good score. 

Institute of Management Technology, Ghaziabad (IMT)

Institute of Management Technology (IMT) is primarily located in Ghaziabad. The faculty, placements and packages offered to the graduate students here are so exceptional that it is often ranked in the top 10 business schools in India and the top 5 business schools in the northern region. 

In 2023, the average salary package at IMT was INR 17.35 LPA. The college enjoyed a 13.4% increase in the average CTC from the previous year. IMT Ghaziabad offers various job opportunities to the graduates, with certain trusted companies as recruiters. Some of these brands are TechMahindra, Microsoft, DELL, Accenture, Cisco, Zycus, Google, Hexaware, IBM, Genpact, and Cognizant. 

IMT Ghaziabad is not only famous for its high placements, but also for the exceptional facilities and hostels provided to the students. Other than this, they also have indoor and outdoor sport grounds, seminar halls, medical room, reading and learning halls as well as a well-furnished and equipped library. 

All the learners eager to be admitted to the IMT Ghaziabad must follow this simple process and submit all their required documents precisely. 

• Stage 1: All interested students are requested to fill out the online application form on the official website of the educational institution. The eligibility criteria for these forms are as follows. 

Eligibility criteria 

Eligibility score

Bachelor’s degree 

50% marks in aggregate 

CAT, XAT or GMAT 

Cutoff score depending on the yearly average 

Work Experience 

Minimum 1 year 

(The full form of XAT is Xavier Aptitude Test, and GMAT - Graduate Management Admission Test. Other than CAT, these are some important entrance exams conducted to be admitted in an MBA program) 

• Stage 2: After the students fill in their personal details, they are evaluated based on their academic performance and shortlisted for the second round of qualifying. 

• Stage 3: The students selected in this shortlist are invited for a Critical Thinking test and Personal Interview. 

All the students that score the top in all three stages are finalised for the MBA degree in Finance offered by IMT. 

Indian Institute of Management, Ahmedabad (IIM)

The Indian Institute of Management, located in Ahmedabad, Gujarat, is one of the country's most loved and appreciated educational institutions. The faculty, placements and overall development of the students are something that attracts the attention of all interested candidates. 

The average package offered to the 2023 batch was INR 34.36 LPA, with 280 offers accepted. The top recruiters at IIM Ahmedabad, known for giving the highest salary packages and placements are A91 Partners, Bank of America, CitiBank, HSBC, JP Morgan, Kotak and Premji Invest. 

The hostel amenities provided by this administration for the comfort of the students includes academic and residential blocks for students in each field, a spacious and well-equipped library, auditorium as well as reading lounges with computer rooms and labs. 

If you wish to be admitted to this marvellous Business School in India, you must pass the admission procedure with flying colours. 

• Stage 1: The students must submit their educational certificates to be admitted to IIM Ahmedabad. The following table showcases the much-needed credentials and the eligible score one must have to take part in IIM Ahmedabad. 

Documents required 

General Eligibility 

Certificate/result of CAT exam 

80 percentile 

10th result 

50% or equivalent CGPA 

12th result 

50% or equivalent CGPA 

Bachelor’s degree 

55% or equivalent score 

Work Experience 

1 year of experience or more 

• Stage 2: After all the interested participants have listed themselves on the website of the institution, they are shortlisted for Analytical Writing Test (AWT) and Personal Interview (PI) 

Those students who stand tall on all the parameters set by the institution are then listed as the final batch of the year. A point to note here is that the categorisation of the students based on their background (general, SC, ST, OBC, etc.) are also valid for the AWT and PI test taken by them. 

Conclusion 

Taking into consideration the preference, convenience and eligibility before admitting into any educational institution is highly recommended. However, all the top Business schools in India have their own aspects that make them unique and distinctive. Evaluate your choices correctly before making crucial decisions about your career alternatives.