30 Best Undergraduate Finance Colleges In India 2024

Are you aspiring to pursue a career in finance and looking for the Best Undergraduate Finance Colleges in India for the year 2024?

Well, you’ve come to the right place! Choosing the right college can be a pivotal decision in shaping your future, and when it comes to the world of finance, the choice becomes even more critical.

In this blog post, we will be exploring the 30 best undergraduate finance colleges in India for the year 2024, providing you with valuable insights into their programs, faculty, placement opportunities, and more.

Whether you’re interested in investment banking, financial analysis, or corporate finance, these institutions are renowned for their academic excellence and commitment to nurturing the financial leaders of tomorrow.

Table of Contents

30 Best Undergraduate Finance Colleges in India

1. Indian Institute of Management Ahmedabad (IIMA)

IIMA is a public business school located in Ahmedabad, Gujarat, India. It was established in 1961 as the second Indian Institute of Management. IIMA is consistently ranked among the top business schools in India and the world.

2. Indian Institute of Management Bangalore (IIMB)

IIMB is a public business school located in Bangalore, Karnataka, India. It was established in 1972 as the third Indian Institute of Management. IIMB is consistently ranked among the top business schools in India and the world.

3. Indian Institute of Management Calcutta (IIMC)

IIMC is a public business school located in Kolkata, West Bengal, India. It was established in 1961 as the first Indian Institute of Management. IIMC is consistently ranked among the top business schools in India and the world.

4. Indian Institute of Management Kozhikode (IIMK)

IIMK is a public business school located in Kozhikode, Kerala, India. It was established in 1996 as the fifth Indian Institute of Management. IIMK is consistently ranked among the top business schools in India and the world.

5. Indian Institute of Management Indore (IIMI)

IIMA is a premier management institute in India, consistently ranked among the top business schools in the world. It offers a wide range of postgraduate and doctoral programs in management, as well as executive education programs.

6. Indian Institute of Management Lucknow (IIML)

IIML is a leading management institute in India, with a strong focus on management education and research. It offers a wide range of postgraduate and doctoral programs in management, as well as executive education programs.

7. University of Delhi – Department of Financial Studies (DFS)

DFS is a department of the University of Delhi that offers a wide range of postgraduate and doctoral programs in finance. It is one of the most prestigious finance schools in India.

8. University of Mumbai – Jamnalal Bajaj Institute of Management Studies (JBIMS)

JBIMS is a department of the University of Mumbai that offers a wide range of postgraduate and doctoral programs in management. It is one of the most prestigious management schools in India.

9. Indian School of Business (ISB), Hyderabad

ISB is a private business school in Hyderabad, India. It is one of the most prestigious business schools in India and is consistently ranked among the top business schools in the world.

10. Xavier School of Management (XLRI), Jamshedpur

XLRI is a private business school in Jamshedpur, India. It is one of the most prestigious business schools in India and is consistently ranked among the top business schools in the world.

11. Indian Institute of Foreign Trade (IIFT), Delhi and Kolkata

IIFT is a public business school in India. It is one of the premier institutions in India for international trade and business management education.

12. National Institute of Industrial Engineering (NITIE), Mumbai

NITIE is a public business school in Mumbai, India. It is one of the premier institutions in India for industrial engineering and management education.

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

NMIMS is a private deemed-to-be university located in Mumbai, India. It offers a variety of undergraduate, postgraduate, and doctoral programs in management, engineering, technology, and commerce. NMIMS is known for its strong industry connections and its focus on innovation and entrepreneurship.

14. Indian Statistical Institute (ISI), Kolkata:

ISI is a public research university located in Kolkata, India. It is known for its strong academic programs in statistics, mathematics, and computer science. ISI has a long history of producing world-renowned scholars and researchers.

15. Institute of Management Technology (IMT), Ghaziabad:

IMT Ghaziabad is a private business school located in Ghaziabad, India. It offers a variety of postgraduate programs in management, including PGDM, MBA, and Executive MBA. IMT Ghaziabad is known for its strong corporate connections and its focus on practical learning.

16. Great Lakes Institute of Management, Chennai:

Great Lakes Institute of Management is a private business school located in Chennai, India. It offers a variety of postgraduate programs in management, including PGDM, MBA, and Executive MBA. Great Lakes is known for its strong focus on analytics and its international collaborations.

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

SPJIMR is a private business school located in Mumbai, India. It offers a variety of postgraduate programs in management, including PGDM, MBA, and Executive MBA. SPJIMR is known for its strong focus on ethics and social responsibility.

18. Faculty of Management Studies (FMS), Delhi University:

FMS is a public deemed-to-be university located in Delhi, India. It is a constituent of the University of Delhi and is one of the oldest business schools in India. FMS is known for its strong academic programs and its focus on research.

See Also:

19. Nirma University – Institute of Management, Ahmedabad

Nirma University – Institute of Management (NU-IM) is a private business school located in Ahmedabad, India. It was established in 2001 and is accredited by AACSB, AMBA, and EQUIS. NU-IM offers a full range of postgraduate business programs, including MBA, PGDM, and Doctoral programs.

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

T. A. Pai Management Institute (TAPMI) is a private business school located in Manipal, India. It was established in 1982 and is accredited by AACSB, AMBA, and EQUIS. TAPMI offers a full range of postgraduate business programs, including MBA, PGDM, and Doctoral programs.

21. S.P. Jain School of Global Management, Mumbai

S.P. Jain School of Global Management (SPJGSM) is a private business school located in Mumbai, India. It was established in 1996 and is accredited by AACSB. SPJGSM offers a full range of postgraduate business programs, including MBA, PGDM, and Doctoral programs.

22. K.J. Somaiya Institute of Management Studies and Research, Mumbai

K.J. Somaiya Institute of Management Studies and Research (KJ Somaiya SIMSR) is a private business school located in Mumbai, India. It was established in 1981 and is accredited by AACSB. KJ Somaiya SIMSR offers a full range of postgraduate business programs, including MBA, PGDM, and Doctoral programs.

23. Institute for Financial Management and Research (IFMR), Chennai

IFMR is a leading business school in India, offering a range of postgraduate programs in management, finance, and research. The school is known for its strong academic reputation, industry linkages, and international outlook.

24. Loyola Institute of Business Administration (LIBA), Chennai

LIBA is a Jesuit business school with a strong focus on ethics and social responsibility. The school offers a range of postgraduate programs in management, finance, and marketing.

25. Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay

SJMSOM is a leading business school within the Indian Institute of Technology Bombay (IITB), one of the most prestigious universities in India. The school offers a range of postgraduate and doctoral programs in management.

26. Institute of Management Technology (IMT), Nagpur

IMT Nagpur is a leading business school with a strong focus on management education and research. The school offers a range of postgraduate programs in management.

27. Institute of Management Studies (IMS), BHU Varanasi

IMS BHU Varanasi is a constituent institute of Banaras Hindu University (BHU), one of the oldest and most prestigious universities in India. The school offers a range of postgraduate programs in management.

28. Birla Institute of Management Technology (BIMTECH), Greater Noida

BIMTECH is a leading business school with a strong focus on management education and research. The school offers a range of postgraduate programs in management, finance, and marketing.

29. International Management Institute (IMI), Delhi

IMI Delhi is a leading business school with a strong focus on international management education and research. The school offers a range of postgraduate programs in management, finance, and marketing.

30. Narsee Monjee College of Commerce and Economics, Mumbai

NM College is known for its strong academic reputation, industry linkages, and international outlook. The college offers a range of undergraduate and postgraduate programs in commerce, economics, management, and finance. It also has a strong research focus and has been recognized for its contributions to the field of commerce and economics.

Is the Finance a High-Demand in India

Yes, finance is a high-demand sector in India. The Indian economy is growing rapidly, and there is a strong demand for skilled finance professionals to support this growth.

The finance sector is also becoming increasingly complex, as new technologies and regulations are introduced. This creates opportunities for professionals with specialized expertise.

According to a report by LinkedIn, the top five most in-demand finance roles in India are:

Tax Associate
Financial Analyst
Equity Analyst
Credit Analyst
Risk Specialist

These roles are all expected to grow by at least 5% in the next five years. The job outlook for finance professionals in India is very positive, and there are many opportunities for career advancement.

Finance Major Requirements in India

The specific requirements for pursuing a finance major in India can vary depending on the institution and the desired degree level.

However, there are some general requirements that are common across most programs.

Undergraduate Level

The minimum eligibility criteria for undergraduate finance courses in India typically include:

A Bachelor of Commerce (BCom) degree with a minimum aggregate of 50% marks. However, some colleges may have a higher eligibility criteria, such as 60% or 75%.
Completion of Class 12 or equivalent examination from a recognized board with a minimum aggregate of 50% marks.
Having studied Mathematics or Statistics as a compulsory subject in Class 12.
Being under the age of 25 years.

In addition to these academic requirements, some colleges may also consider factors such as extracurricular activities, work experience, and entrance exam scores.

Graduate Level

For postgraduate finance courses in India, the eligibility criteria are typically more stringent. Common requirements include:

A Bachelor’s degree in a relevant field such as Finance, Accounting, Economics, or Business Administration with a minimum aggregate of 55% marks.
Completion of Class 12 or equivalent examination from a recognized board with a minimum aggregate of 50% marks.
Having studied Mathematics or Statistics as a compulsory subject in Class 12.
Being under the age of 30 years.
A good score in the entrance exam for the desired postgraduate program, such as the Common Admission Test (CAT) or the Graduate Management Aptitude Test (GMAT).

Professional Courses

Pre-requisite Courses in India

There are no specific prerequisite courses required for a finance major in India. However, having a strong foundation in mathematics, statistics, and economics will be beneficial.

These courses will help you develop the analytical and problem-solving skills that are essential for success in finance.

Some colleges may recommend that you take courses in accounting, business law, and computer programming.

These courses will give you a basic understanding of the financial world and the tools that are used to analyze financial data.

If you are interested in pursuing a career in finance, it is also a good idea to start reading financial news and magazines.

This will help you stay up to date on current events and trends in the financial markets.

Is Finance a Good Career in India?

Yes, finance is a good career in India for several reasons:

High demand and growth: The Indian economy is growing rapidly, and this is creating a strong demand for skilled finance professionals. The finance sector is also becoming increasingly complex, as new technologies and regulations are introduced. This creates opportunities for professionals with specialized expertise.
Competitive salaries: Finance professionals in India are typically well-paid, with starting salaries in the range of 5-10 lakhs per annum. Experienced professionals can earn salaries of over 50 lakhs per annum.
Variety of career paths: There are many different career paths available in finance, from investment banking and corporate finance to financial analysis and risk management. This allows graduates to choose a career that is a good fit for their interests and skills.
Career stability: The finance sector is generally considered to be a stable and secure industry, even during economic downturns. This is due to the fact that businesses and organizations always need to manage their finances.
Global opportunities: With India’s growing economic ties to the world, there are also opportunities for finance professionals to work in international companies and organizations.

10 Reasons to Study Finance in India

India’s financial sector is booming, with the industry expected to grow at a rate of 8.2% per annum over the next five years. This rapid expansion has led to a surge in demand for skilled finance professionals, making a finance degree an attractive option for students in India. Here are 10 reasons why studying finance in India can be a rewarding and lucrative career choice:

High demand and promising job market: As the Indian economy continues to grow, there’s an insatiable demand for skilled finance professionals across various industries like banking, insurance, investment banking, and financial research. With a finance degree, you can choose from a plethora of exciting career opportunities, from financial analyst to investment banker.
Lucrative salaries and career growth: Finance professionals in India are known to command some of the highest salaries in the job market. The average starting salary for a finance graduate is around ₹5-10 lakhs per annum, which can increase significantly with experience and specialization.
Diverse career paths: The beauty of a finance degree is its versatility. It opens doors to a wide range of career paths, from investment banking and corporate finance to financial analysis and risk management. You can tailor your career to your specific interests and skillset, ensuring long-term job satisfaction.
Financial stability and security: Unlike other industries that are susceptible to economic downturns, the finance sector remains relatively stable. Businesses and organizations will always need to manage their finances, making finance careers less prone to layoffs or economic fluctuations.
Global opportunities: India’s growing international presence has opened up exciting global career prospects for finance professionals. With your Indian finance degree, you can land jobs in top international companies or even pursue higher studies abroad.
Develops in-demand skills: A finance degree equips you with valuable skills that are highly sought-after in today’s job market. These include analytical thinking, problem-solving, financial modeling, data analysis, and communication skills, making you a valuable asset to any organization.
Personal financial empowerment: Studying finance isn’t just about securing a high-paying job; it’s about gaining control over your finances. You’ll learn how to manage your personal wealth, make informed investment decisions, and plan for your future, achieving financial independence and security.
Exposure to the latest technologies: The finance industry is rapidly embracing cutting-edge technologies like artificial intelligence, blockchain, and big data analytics. As a finance student, you’ll be at the forefront of these advancements, gaining valuable skills and knowledge that will make you future-ready.
Strong academic foundation: India boasts several prestigious universities and colleges offering top-notch finance programs. These institutions provide a rigorous academic foundation, preparing you with the theoretical and practical knowledge needed to excel in the field.
Networking opportunities: Studying finance opens doors to a network of professionals through conferences, alumni meets, and industry events. This network can be invaluable for career guidance, mentorship, and even landing your dream job.

Why Choosing the Right College to Study Finance in India?

Choosing the right college to study finance in India is a crucial decision that can significantly impact your career trajectory and future success. Here’s why it matters:

Reputation and Industry Recognition: A prestigious college with a strong alumni network and industry connections can open doors to coveted internships, job placements, and mentorship opportunities from leading financial institutions. Your alma mater’s reputation can be a powerful differentiator in a competitive job market.
Quality of Faculty and Curriculum: Renowned professors with real-world experience and cutting-edge research will provide invaluable insights and equip you with the latest knowledge and best practices in the field. Look for a curriculum that balances theoretical foundations with practical applications, incorporating relevant case studies, simulations, and industry projects.
Specialization and Career Focus: Not all finance programs are created equal. Some colleges specialize in specific areas like investment banking, financial modeling, or risk management. Choosing a program aligned with your career aspirations ensures you gain the targeted skills and knowledge needed to excel in your chosen field.
Infrastructure and Resources: A well-equipped college library, state-of-the-art financial labs, and access to Bloomberg terminals or industry-specific software will enhance your learning experience and provide valuable hands-on training. Look for a college that invests in its infrastructure and resources to support your academic success.
Location and Networking Opportunities: Studying in a city with a thriving financial hub like Mumbai, Bangalore, or Delhi exposes you to a network of potential employers, guest speakers, and industry events. This proximity can lead to internships, part-time jobs, and valuable networking connections that can boost your career prospects.
Cost and ROI: Consider the program fees, scholarship opportunities, and potential starting salaries of graduates. Choose a college that offers good value for money, ensuring your investment in education translates into a rewarding career with a strong return on investment.
Beyond Academics: Look for a college with a vibrant student life, extracurricular activities, and international exchange programs. These experiences foster well-rounded individuals with strong communication, teamwork, and leadership skills, crucial for success in any professional field.

Conclusion

The pursuit of a finance degree in India is an exciting journey filled with opportunities for growth and learning.

The list of the 30 best undergraduate finance colleges in India for 2024 serves as a starting point for those seeking excellence in finance education.

These institutions, renowned for their academic rigor, experienced faculty, and impressive placement records, offer a pathway to a promising career in finance.

However, remember that while rankings provide valuable insights, your personal goals, preferences, and aspirations should be the guiding factors in choosing the right college for your undergraduate finance education.

Make sure to thoroughly research each institution, consider your own strengths and interests, and make an informed decision that aligns with your future ambitions in the dynamic world of finance.

FAQs

Do these colleges offer specialized finance courses or concentrations within their programs?

Yes, many of the top undergraduate finance colleges in India offer specialized finance courses or concentrations within their programs. Some of the common specializations include:

Financial Economics: This specialization focuses on the application of economic theories to financial markets and institutions.
Corporate Finance: This specialization focuses on the financial management of corporations, including topics such as capital budgeting, financial analysis, and risk management.
Investment Banking: This specialization focuses on the process of raising capital for corporations and governments, as well as advising on mergers and acquisitions.
Private Equity: This specialization focuses on the acquisition and management of privately held companies.
Financial Engineering: This specialization focuses on the design and development of new financial products and services.

What is the typical duration of undergraduate finance programs in India?

The typical duration of undergraduate finance programs in India is three years.

These programs are typically structured as Bachelor of Business Administration (BBA) or Bachelor of Commerce (B.Com) degrees with a specialization in finance.

Some institutions may also offer four-year undergraduate finance programs, which may include an additional year of research or internships.

What are the benefits of attending one of these colleges?

Strong academic reputation
Excellent placement record
Global exposure
Focus on research and innovation
Supportive learning environment

Are there scholarships available for undergraduate finance programs in these colleges?

Yes, many of these colleges offer scholarships and financial aid programs. Check the individual college websites for detailed information on scholarships, eligibility criteria, and application procedures.