Finance is the backbone of the economy. And finance is one of the oldest and most popular specifications in MBA. The study of finance ranges from corporate and government studies to the banking and insurance sector. MBA in finance is a specification offered by various business schools which mainly focuses on topics like investment, management and resources of money. In this article, I will mention top 10 finance colleges other than IIMs.
1. SP Jain Institute of Management and Research, Mumbai (All): PGDM
SP Jain Institute of Management and Research, Mumbai (All): PGDM institute is recognized by the University Grants Commission (UGC) and the All India Council of Technical Education (AICTE). The program is designed to help students acquire advanced financial skills. Exams accepted are CAT and GMAT. The fee for the course is approximately 17.5 lakhs. The college is also known for its placements.
2. KJ Somaiya Institute of Management Studies and Research, Mumbai
PGDM (Financial Services) — PGDM (FS) offers a unique integration of management concepts in financial markets and techniques for market analysis. KJ Somaiya Institute of Management Studies and Research, Mumbai institution is ranked 2nd by B-school Times in 2020 and is approved by the AICTE and accredited by the NBA. The fee for the course is around 16.5 lakhs and exams accepted for admission are CAT and CMAT. This college offers MBA in Finance course.
3. Narsee Monjee Institute of Management Studies, Mumbai: MBA (Banking)
This institute has a prime location in one of the capital cities in India (Mumbai). NMIMS is one of only a few colleges that offer specialization in Banking. The program includes topics like corporate finance, insurance and risk management, etc. The exam accepted for admission is NMAT by GMAC. The fee for the course is around 11 lakhs. NMIMS is ranked fourth for Private MBA by Outlook 2020 and 24 for Private MBA by NIRF 2020.
4. Lal Bahadur Shastri Institute of Management (LBSIM), Delhi/NCR
PGDM (Finance) — Lal Bahadur Shastri Institute of Management (LBSIM), institute is situated in Delhi/NCR and is known for its curriculum. The program introduced here includes topics like investment management, treasury management, risk management, strategic accounting, and control. The exams accepted are CAT and GMAT, and the fee for the course is around 16 lakhs. This college offers MBA in Finance course.
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5. International School of Business & Media (ISB&M), Pune: PGDM (Finance)
International School of Business & Media (ISB&M), Pune: PGDM (Finance) College is mainly known for helping students with practical knowledge, Apart from theories, the focus is on training, developing skills, and understanding financial markets. The candidates are allocated activities to be solved within a budget which helps in cultivating problem-solving abilities in them. The exams accepted are CAT, MAT, XAT, CMAT, and ATMA, the fee for this course is approximately 11lakhs.
6. Xavier Institute of Social Service (XISS), Ranchi: PGDM (Finance)
Xavier Institute of Social Service (XXIS) was established as an extension of St. Xavier’s College, Ranchi. It is ranked 27th by Times for Private MBA in 2021. “The institute proposes to make the students aware of the occupational mobility and voluntary compliance to ethics, law and social responsibilities,” as per the official website of the institute. The fee for the course is 8 lakhs and the exams accepted are CAT, MAT, CMAT, XAT, and ATMA. This college offers MBA in Finance course.
7. National Institute of Bank Management, Pune: PGDM (Banking & Financial Services)
National Institute of Bank Management, Pune institute was established by Reserve Bank of India to help young students to gain advanced knowledge in field of finance and banking. It is one of the very few institutes in India which offers PGDM in a specialization such as Banking & Financial Services. The program aims to specialize study of finance on regular basis and analytical skills in banking and finance. The fee for the course falls around 11 lakhs and exams accepted are CAT, MAT and CMAT.
8. Institute of Public Enterprise (IPE), Hyderabad
PGDM (Banking, Insurance, and Financial Services) — Institute of Public Enterprise (IPE), Hyderabad institution has its well-defined and carefully structured programs in PGDM, PGDM-RM, PGDM- BIF, PGDM-IB, PGDM- HRM, and Exe. PGDM. These programs are not only AICTE recognized, but also have accreditations from the Association of Indian Universities (AIU) and the international SAQS recognition. The exams accepted are CAT, MAT, GMAT, CMAT, XAT, and fee charged for the program is around 09– 10 lakhs. This college offers MBA in Finance course.
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9. MIT-SOB: MIT School of Business, Pune: PGDM (Finance)
MIT-SOB: MIT School of Business, Pune College offers finance students to select areas of their choice from a basket of subjects. The college also has tie-ups with National Stock Exchange and Fanatics. These collaborations help students in gaining practical knowledge by working on various modules. The exams accepted are MAH-CET, CAT, MAT, CMAT, and the fee is around 7.5 lakhs.
10. SCMS School of Business, Kochi: PGDM (Insurance & Banking)
SCMS School of Business has ranked first in Kerala and is approved by All India Council for Technical Education (AICTE) and is accredited by National Board of Accreditation (NBA). SCMS school of Business was the first B-School in India to get ISO certification for quality teaching and still remains certified under ISO. The exams accepted here are KMAT – Kerala, CAT, MAT, XAT, ATMA and CMAT and fee is around 8 lakhs. This college offers MBA in Finance course.
CONCLUSION
Finance sector has always been and will continue to be a very important sector of economy and so study in this sector is always beneficial and popular. Nowadays there are many institutions and colleges that offer courses in banking and finance sector. In this article I have tried to mention top 10 colleges other than IIMs. Hope the article helps.
By: Nupur Bhagat
