Doing an MBA in Finance is a highly lucrative proposition. All companies have a finance department that deals with sourcing and application of funds.
Job prospects are quite high for students who specialise in finance. After graduation freshers can join companies as either trainees or junior associates.
The specialisation is usually offered in the 2nd year of 2 years MBA programmes. If you are thinking of doing an MBA in finance then there are two things that you should keep in mind.
- First, business environments are undergoing rapid changes with gradual blurring of lines between global and local markets. It requires new financial models suited to local contexts within a global business environment.
- Second, new technologies are also taking hold in the field quite rapidly. It requires MBA in finance courses to be up to date by maintaining continuous contact with industry bodies and experts.
In this article, we will bring to you the top 3 MBA colleges in India that offer specialisation in Finance with a highly industry oriented approach.
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- Renaissance University, Indore
It is one of top professional colleges in India with an international portfolio. They have collaborations with Universities in Spain, Russia, Italy and Australia. Their MBA courses are among the best in the country.
For an MBA in Finance, Renaissance University is a great choice. The course fee is relatively low, at around 1.5 Lakhs in 2 years (without lodging and food), which makes it very affordable for aspirants.
A Bachelor’s degree in any field is sufficient eligibility for getting into the MBA course. The institute boasts of great placement records and the curriculum is geared towards all round professional development of students.
The campus is great and all modern facilities are available. As part of the course work, Renaissance University also offers:
- Training on incubation management
- Start-up support
- Student exchange programmes
- Annual summer school
- Internships
All in all, it’s a great choice for anyone looking to kick start a career in financial management. The course is designed for the industry and exposes students to global standards in professional environments which makes them highly employable after graduation.
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- Chandigarh University (CU), Chandigarh
Ranked 64th by the National Institution Ranking Framework (NIRF), Chandigarh University (CU) is the best private university in Punjab. It has wide ranging industry collaborations nationally and internationally.
The highest placement package offered in the MBA course stands at 35 LPA, which is quite extraordinary. It is undoubtedly one of the best colleges to specialise in Finance. CU has two courses for Finance aspirants:
- Finance
- Banking and Financial Engineering
The course fee for the first one is around 2.1 Lakhs in 2 years. The second course, offered in collaboration with SBI and Tally, costs around 2.5 Lakhs. The primary eligibility criteria for admission in Bachelors degree with 50% marks.
After that aspirants need to appear for the CUCET, conducted by the University. There are many scholarships at CU, including full scholarships for highly eligible candidates, which are offered based on the performance in CUCET.
CU has its name recorded in the Limca Book of World Records for placements. Over the years, graduates from the institute have been consistently getting placed in top companies, and CU has become a trusted destination for companies looking to hire freshers.
- GD Goenka University, Gurgaon
GD Goenka University is a top university in the Delhi NCR region with a huge campus covering more than 60 acres of land. The MBA courses are offered by the School of Management at GDU. They are client-centred and geared towards an industry interface.
MBA students at GDU have the option to choose one special course each semester offered by the British Standard Institute, India. It is a unique collaboration that enables graduates to be familiar with international industry standards.
Students from over 45 nations are enrolled at GDU. Aspirants from India need to clear the Aspire Entrance Test conducted by the institute to be eligible for admission. The course fee for MBA comes to around 7 Lakhs but there are also many scholarships available for students who perform well in the entrance.
The University has a truly global character in terms of exposure. It has tie-ups with several top foreign universities, such as:
- Arizona State University, USA
- University of Arkansas, USA
- Mila Polytechnic, Italy
Many national and international professional associations also have tie-ups and joint offerings with GDU.
Conclusion
The prospects of an MBA in finance can be great, but as a candidate you need to make a number of informed decisions when it comes to choosing the right college. Finance is one of the most sought after specialisations for MBA aspirants and under normal circumstances it’s not difficult to find a job.
But if you want to succeed as a top professional, it is essential to get into a good college. Otherwise, there’s a chance that you might start your first position relatively lower in the company hierarchy, and climbing the ladder to get to your dream position might end up taking up some time.
