MBA Finance Colleges in Mumbai 2022
Saurav Anand
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March 15, 2022
Around 80 MBA in Finance colleges in Mumbai impart the specialised degree. Nearly 94 per cent of the MBA in Finance colleges in Mumbai have a private ownership type. The remaining MBA (Finance) colleges in Mumbai are run by public bodies.
MBA is a two-year professional degree course imparted with multiple specialisations. Candidates across streams can choose the MBA specialisation based on their interests and future goals. Finance is one of the major to choose among more than 50 MBA specialisations. An MBA in Finance helps students understand financial management, investments, and resources of money.
CAT, CMAT, MAT, ATMA, XAT, among others are accepted for MBA in Finance admission across Mumbai.
MBA Finance Colleges in Mumbai Eligibility Criteria
The qualification standards for a MBA in Finance course contrasts across schools. Nonetheless, the essential qualification models for the course continues as before. Qualification conditions for MBA in Finance are mentioned below:
- Candidates should hold a four year college education from a perceived college or establishment, independent of the stream
- MBA in Finance universities in Mumbai might have a base score rule. In this way, open category candidates having a base score of something like 50% are qualified. For saved category candidates, the base score is 45%. The base score could vary across schools.
- Candidates whose results are anticipated for the last semester of four year certification are temporarily qualified to apply for the course.
MBA in Finance Colleges in Mumbai Highlights
The table below mentions key highlights of the best MBA in Finance colleges in Mumbai.
| Parameters | Particulars |
|---|---|
| Number of MBA in Finance colleges in Mumbai | Nearly 80 colleges |
| Annual fees | - Annual fees < INR 1 lakh: Approx. 1 per cent - Annual fees > INR 5 lakh: Approx. 57 per cent |
| Admission process | Entrance-based |
MBA in Finance Colleges in Mumbai with NIRF Rankings
National Institutional Ranking Framework (NIRF) positions organizations across Mumbai under various streams including Management, Pharmacy, Dental, Medicine, Architecture, Engineering, among others. NIRF positions establishments in light of the accompanying boundaries:
- Teaching, Learning and Resources
- Research and Professional Practices
- Graduation Outcomes
- Outreach and Inclusivity
- Peer Perception
Alongside NIRF, rating can assist candidates with picking MBA in Finance schools in Mumbai. The total rating depends on surveys and evaluations by dynamic students and graduated class. The table underneath makes reference to finish off MBA in Finance universities with NIRF positioning and rating.
Private MBA Finance Colleges in Mumbai
| Private MBA Finance Colleges in Mumbai | Fees |
|---|---|
| VIT - Vidyalankar Institute of Technology | 3 L |
| ICFAI Business School (IBS), Mumbai | 9.09 L |
| Welingkar Institute of Management | 11.04 L |
| IES's Management College and Research Centre | 8 L |
| N.L. Dalmia Institute of Management Studies and Research | 11.5 L |
List of Public MBA in Finance Colleges in Mumbai
| Name of Public College | College Fee (In INR) |
|---|---|
| Bombay Stock Exchange Institute, Mumbai | 6.61 L |
| SIMSREE - Sydenham Institute of Management Studies Research and Entrepreneurship Education | 1.34 L |
| Jankidevi Bajaj Institute of Management Studies - JDBIMS | - |
| Sasmira's Institute of Management Studies and Research | 3.8 L |
ROI of Top MBA in Finance Colleges in Mumbai
Mumbai has several top MBA in Finance colleges offering placements at standard with the top IIMs. RoI of a MBA college is the metric indicator of significant worth for cash. Understudies put cash as course fees in colleges and in return expect situation with a decent compensation package. ROI is the comparison between situation package and the course expense.
SPJIMR and SIMSREE are among the top MBA in Finance colleges in Mumbai concerning ROI. The table below mentions a portion of the top B-schools offering MBA in Finance in Mumbai with course fees and average position package.
| Name of College | Course Fee (In INR) | Average Placement Package (In INR) |
|---|---|---|
| SPJIMR - S.P. Jain Institute of Management and Research | 17.5 L | 19.5 LPA |
| SIMSREE - Sydenham Institute of Management Studies Research and Entrepreneurship Education | 1.34 L | 10.97 LPA |
| NMIMS SBM Mumbai | 21.9 L | 17.75 LPA |
| ICFAI Business School (IBS), Mumbai | 9.09 L | 9.7 LPA |
| Welingkar Institute of Management | 11.04 L | 8.61 LPA |
Popular Exam in Mumbai for MBA Finance Colleges
Admission into an MBA programme is based on the scores of the candidates in the entrance exam. MBA in Finance colleges across Mumbai accept scores of national, or state level exams including CAT, XAT, CMAT, MAT, MAH CET, ATMA, NMAT, among others.
Reviews
Mumbai is the financial and business capital of India. Bombay Stock Exchange, National Stock Exchange of India, the SEBI are all headquartered here. Hence, it is one of the world’s top ten centres of global financial transactions.
Conclusion
MBA Finance Colleges in Mumbai provides you best career options and gives you enough knowledge of new opportunities towards your career.
Frequently Asked Questions
Q1. Which is best institute for MBA in Mumbai?
Ans. Based on reputed Rankings, Top 5 MBA colleges in Mumbai are JBIMS Mumbai, SPJIMR Mumbai, NMIMS Mumbai, K J Somaiya Mumbai and NITIE Mumbai.
Q2. Is ITM Navi Mumbai Good for MBA in finance?
Ans. I would definitely suggest you ITM Navi Mumbai as your first preference if you did not get admission in top 40 B-Schools in India.
Q3. What is MBA in banking and finance?
Ans. MBA in Banking and Finance is a 2-year full-time postgraduate banking course offered by various institutes in India. The basic eligibility to pursue this course is that the student should have a qualified bachelors degree in Banking or any equivalent degree with 55% of marks from a recognized university.
Q4. Is ITM University UGC approved?
Ans. “ITM EEC is a private professional education provider, and as such does not require any governmental approval.
Q5.What do you study in MBA finance?
Ans. Money and Banking,
Financial Risk Management,
Management Control System,
International Finance,
Bank Management,
Fixed Income Markets,
Structured Finance,
Infrastructure and Project Finance.
Q6. Which type of MBA is best?
Ans. General Management. Of all the specialized MBA programs, General Management is consistently one of the most popular. General management students will learn a variety of management skills and perspectives that can be applied to organizations in any industry, from human resources and marketing to systems and UX.
Q7. MBA in Finance a tough course to pursue?
Ans. MBA in Finance is as rigorous as any other MBA programme. However, since there is extra use of Maths and Statistics, some students may find it tougher that other specialisations.
Q8. What is the salary of a MBA in finance in India?
Ans. MBA Finance fresher salary in India ranges between ₹ 0.2 Lakhs to ₹ 53.2 Lakhs with an average annual salary of ₹ 3.0 Lakhs. Salary estimates are based on 92 salaries received from MBA Finance freshers.
Q9. Is ITM a good college?
Ans. ITM Navi Mumbai is the one of the best college for students looking for Post Graduate diploma management course i.e, equivalent to MBA in the field of marketing and other courses like International buisness and Human resources and so on. The college provides you the best faculty members of all time.
Q10. Who can apply for MBA in finance?
Ans. To be eligible to pursue an MBA in finance degree, you need to be a graduate in a recognised bachelors degree from a recognised university. Some B-schools will need you to have more than 50% score as your final score in your bachelors degree.