Top MBA in Finance Colleges in Mumbai 2024

It is common to call Mumbai the “financial heart of India.” Many schools offer MBA in Finance Colleges in Mumbai. The busy city setting of these schools offers finance students a perfect balance of tough academics and hands-on experience.

These schools are like furnaces that shape future finance industry leaders. They focus on teaching students basic money management skills and helping them gain a deep knowledge of global financial markets.

When searching for the best MBA in Finance colleges in Mumbai, looking at the bigger picture of educational options is important. If you’re interested than you can find a detailed guide on MBA colleges in Mumbai to give you a broader perspective.

List of 10 Best MBA in Finance Colleges in Mumbai

Some of the best MBA in Finance Colleges in Mumbai are mentioned below let’s have a look: 

1. Indian Institute of Technology Bombay, Mumbai

• NIRF ranking: #10
• Tuition: INR 100,000 for two years
• Graduation Package: 27.5 LPA
• Accepts CAT scores

IIT Bombay has a full-time, two-year MBA program with a specialization in Finance. This program helps students learn how different parts of business work together. Teaching math and logic skills needed to deal with real-life money problems is a big part of the program. 

Students can get internships and jobs at top financial institutions thanks to a focus on learning and studying across disciplines and strong industry connections. The state-of-the-art facilities and highly qualified professionals on the faculty ensure a high-quality learning setting. Because of this, many IIT Bombay graduates hold important jobs in the finance industry, making it a popular choice for people who want to have a fulfilling career in finance.

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

• NIRF ranking: #21
• Program duration: Two years
• Tuition: INR 14,34,000 for two years
• Graduation Package: 30.11 LPA
• Exams Accepted: NMAT

NMIMS has a well-known MBA program that has been around for more than 41 years and offers a tough specialization in Finance. You can get in by taking the NMAT by GMAC. There is a big focus on hands-on learning and exposure to the business. 

The modern curriculum of the program prepares students for the constantly changing world of finance, and foreign immersion programs help them see things more broadly. Because NMIMS is located in Mumbai, India’s financial city, and has a large network of alumni working in finance, it has a high acceptance rate in the business world, making it a great choice for people who want to work in finance.

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

• NIRF ranking: #20
• Program duration: Two years
• Tuition: INR 16,00,000 for two years
• Graduation Package: 48 LPA
• Exams Accepted: CAT, GMAT + 1

SPJIMR is known for its creative and socially aware approach to teaching finance. It has a full-time, residential PGDM program that lasts for two years and focuses on finance. SPJIMR is one of the best business schools in India. It teaches students how to make ethical and value-based decisions, which prepares them for leadership jobs in finance. 

The program stresses being an entrepreneur and gives students a chance to work with people from other countries on international projects, which makes for a collaborative learning atmosphere. As a result of its strong placement record in top financial firms and faculty made up of experts in the field, SPJIMR gives students the skills and knowledge they need to do well in the finance business.

4. Welingkar Institute of Management Development & Research, Mumbai: 

• NIRF ranking: #73
• Program duration: Two years
• Tuition: INR 11,00,000 for two years
• Graduation Package: 25 LPA
• Exams Accepted: ATMA, CAT + 3

Welingkar Institute provides a complete two-year full-time PGDM programme with a focus on Finance. The program is based on hands-on learning, and real-life financial projects give students real-world experience. 

Welingkar stands out because he focuses on innovation and design thinking in finance and has a strong connection between business and academics. The institute’s location in Mumbai, along with its many seminars, workshops, and scholarships for deserving students, makes sure that students get a well-rounded education that prepares them for great jobs in finance.

5. Amity University – Mumbai:

• Program duration: Two years
• Tuition: INR 7,84,000 for two years
• Accepts CAT and CMAT scores
• Promises to stimulate an environment for ambitious managers
• Exams Accepted: CAT, CMAT

The two-year MBA program with a specialization in Finance at Amity University covers all areas of financial management and gives students real-world experience through internships and live projects. The program focuses on research and analytics in finance and has state-of-the-art facilities and experienced faculty. 

It also offers foreign study tours and exchange programs to give students a chance to learn about other cultures. Amity University is a great choice for people who want to do well in the finance business because it has strong placement support, partnerships with top financial institutions, and a focus on developing entrepreneurial skills.

6. K J Somaiya Institute of Management: 

• Program duration: Two years
• Tuition: INR 3,000,000 for two years
• Offers experiential learning
• Focuses on developing future leaders
• Accepts CAT, XAT, GMAT, NMAT, and CMAT scores for MBA admission

The K.J. Somaiya Institute has several MBA programs, such as MBA, MBA HCM, and MBA SM. The MBA program has 600 seats for new students and extra seats for people who don’t need them.

You must have at least a 50% overall grade point average in your graduation and meet the requirements for passing scores on the CAT, XAT, GMAT, NMAT, or CMAT. K J Somaiya Institute prepares students for leadership roles in many fields, including finance, by putting a lot of stress on hands-on learning and working with real businesses.

7. Universal Business School:

• Program duration: Two years
• Tuition: INR 2,55,000 for two years
• Encourages problem-solving and seizing opportunities
• Located in culturally rich Mumbai 
• Accepts CAT, GMAT, C-MAT, and CET scores for MBA admission. 

Universal Business School is known as India’s first Green Business School. It offers Global BBA and MBA programs with a focus on learning by doing. The programs help students get ready for global jobs in finance and other fields by giving them chances to travel and learn about different cultures. 

Universal Business School’s dedication to sustainability and new ideas makes sure that students get a well-rounded education that gives them the skills and information they need to succeed in the fast-paced world of finance.

8. N.L. Dalmia Institute of Management Studies and Research: 

• Tuition Fees: 14.7 L
• Exams: MAT, XAT, CAT, CMAT, ATMA, MHT CET, MAH CET
• Encourages creativity and entrepreneurship
• Precise details about MBA/PGDM program not disclosed
• Provides an atmosphere for ideas to flourish
• Located in the tranquil surroundings of Mumbai 

Together with the University of Wisconsin, the N.L. Dalmia Institute offers a part-time MMS program and a full-time Global MBA program. Admission to the institute is based on competitive tests like the CAT or CMAT, or the institute’s own selection exam. 

N.L. Dalmia Institute helps students get ready for successful careers in finance and related fields by focusing on hands-on learning and industry exposure. It does this by using its strong industry relationships and experienced teachers.

9. Vivekanand Business School (VBS)

• Program duration: Two years
• Tuition: INR 2,00,750 for two years
• Focuses on creativity and business
• Encourages students to build the future
• Accepts CAT,XAT,CMAT,MAT,ATMA,MHCET Scores

An AICTE-approved main PGDM program is available at Vivekanand Business School. It lasts for two years and is full-time. Forbes ranked VBS as the seventh-best business school in India. It offers foreign immersion programs that give students experience with doing business around the world. 

VBS prepares students for leadership roles in finance and other fields by focusing on hands-on learning and industry exposure. It does this by using its strong industry ties and experienced teachers.

10. Chetana’s Institute of Management and Research: 

• Program duration: Two years
• Tuition: INR 5,84,000 for two years
• Offers transformative journey toward excellence
• Helps students navigate the corporate world with confidence

The PGDM program at Chetana’s Institute has specializations in Marketing, Finance, HRM, Operations, and Systems. Times of India ranked Chetana’s Institute as the 4th best business school in Mumbai. The school’s goal is to train “ethical business leaders” and its program is based on what businesses need. 

Chetana’s Institute helps students get ready for successful careers in finance and related fields by focusing on hands-on learning and exposure to the business world. It does this by using its strong industry contacts and experienced teachers.

CIMR considers exam scores from CET- MAH-MBA/MMS, CAT, MAT, XAT, ATMA, and CMAT valid for the year 2024 as part of its MBA admission process.

How to choose the best MBA in finance colleges in Mumbai?

a. Write down your goals

First, think about your personal and professional goals. Figure out what you want to do with your MBA, whether moving up in your job, changing industries, or learning new skills. 

If you know what you want, you can cut down your choices and find a college that fits your needs.

b. Do a lot of research

Researching different MBA schools in depth is more important than just looking at scores. Think about things like the expertise of the teachers, the structure of the curriculum, ties in the industry, and alumni networks. 

To get a real feel for the college atmosphere and learning experience, read reviews written by students, go to virtual events, and talk to current or former students.

c. Check for Fit

Think about how the schools you’re interested in work and what they believe in. Think about how you learn best, how you like to be taught, and what you’re interested in outside of school. 

To get a feel for the surroundings, try to visit campuses or take virtual tours. Pick a college where you’ll feel at home and where you think you can do well in school and life.

d. Evaluate tools

Find out what tools and support services each college has to offer. Think about things like job services, internships, academic help, and the facilities on campus. 

A college with strong support systems and links to businesses can help you learn more and get better job opportunities after you graduate.

e. Think about affordability

When choosing an MBA college, think about how much it will cost. Look at the cost of tuition, the cost of living, and any scholarships or other financial help that might be available. 

Look at the return on investment (ROI) by looking at things like the number of jobs placed, the success stories of past graduates, and how much money they could make in the future. Pick a college that gives you good value for your money and doesn’t break the bank.

FAQs

Conclusion 

MBA programs in Mumbai make it a shining example for people who want to do well in the area of finance. You can find a college that fits your needs, whether you want the academic rigor of an older school or the hands-on experience of a younger school. 

With a mix of classroom learning and hands-on experience, these Mumbai colleges prepare students for a successful future in finance. They make sure that students become skilled and sure-of-their-self professionals who are ready to handle the complicated world of finance.