Top 10 MBA Colleges for Finance in India (Investment Banking & Corporate Finance) – 2026 Guide

Finance remains the most competitive and aspirational MBA specialization in India. Every year, CAT and XAT toppers aim for a handful of elite institutions that consistently place students in:

• Investment Banking

• Corporate Finance

• Private Equity & VC

• Markets & Risk

• Consulting (Finance-heavy roles)

However, not every MBA college offers true finance roles. Many offer finance in name, but only a few deliver front-end finance careers with strong ROI.

This blog lists the Top 10 MBA Colleges for Finance in India, based on:

• Investment banking & corporate finance placements

• Recruiter quality

• Alumni dominance in finance

• Fees vs salary (ROI)

• Long-term career outcomes

What Makes a Great MBA College for Finance?

Key parameters used for ranking:

• Core finance curriculum & electives

• Recruiters from IB, BFSI, consulting

• Alumni presence in finance leadership

• Summer internship quality

• Consistent finance placement outcomes

Top 10 MBA Colleges for Finance in India (2026)

1. IIM Calcutta – Finance & Investment Banking

IIM Calcutta is widely regarded as India’s best MBA college for Finance.

Finance Roles Offered

• Investment Banking

• Equity Research

• Corporate Finance

• Risk & Treasury

• Consulting (Finance-heavy)

Placements & ROI

• Average Package: ₹35+ LPA

• Fees: ~₹27 Lakhs

• ROI: Excellent (top-tier finance outcomes)

👉 Official Website:https://www.iimcal.ac.in/

2. IIM Ahmedabad – Finance & PE/VC Roles

IIM Ahmedabad offers strong front-end finance and strategy roles.

Finance Roles Offered

• Corporate Finance

• Investment Banking

• Private Equity / VC

• Strategy Consulting

Placements & ROI

• Average Package: ₹34+ LPA

• Fees: ~₹25 Lakhs

• ROI: Excellent

👉 Official Website:https://www.iima.ac.in/

3. IIM Bangalore – Finance & Markets

IIM Bangalore combines finance, consulting, and leadership roles.

Finance Roles Offered

• Financial Advisory

• Markets & Risk

• Corporate Finance

• Consulting

Placements & ROI

• Average Package: ₹33+ LPA

• Fees: ~₹24 Lakhs

• ROI: Excellent

👉 Official Website:https://www.iimb.ac.in/

4. FMS Delhi – Corporate Finance & Consulting

FMS is famous for its exceptional ROI, especially for finance aspirants.

Finance Roles Offered

• Corporate Finance

• Financial Consulting

• Equity Research

Placements & ROI

• Average Package: ₹34+ LPA

• Fees: ~₹2 Lakhs

• ROI: Outstanding (best in India)

👉 Official Website:https://fms.edu/

5. XLRI Jamshedpur – Finance & Consulting

XLRI places students in finance-heavy consulting and leadership roles.

Finance Roles Offered

• Corporate Finance

• Financial Advisory

• Consulting

Placements & ROI

• Average Package: ₹30+ LPA

• Fees: ~₹25 Lakhs

• ROI: Strong

👉 Official Website:https://www.xlri.ac.in/

6. IIM Lucknow – Finance & Corporate Roles

IIM Lucknow has a strong reputation in finance and consulting.

Finance Roles Offered

• Corporate Finance

• Investment Analysis

• Strategy & Consulting

Placements & ROI

• Average Package: ₹30+ LPA

• Fees: ~₹21 Lakhs

• ROI: Excellent

👉 Official Website:https://www.iiml.ac.in/

7. SPJIMR Mumbai – Finance & Strategy

SPJIMR offers finance roles with high managerial exposure.

Finance Roles Offered

• Corporate Finance

• Financial Planning

• Consulting

Placements & ROI

• Average Package: ₹33+ LPA

• Fees: ~₹24 Lakhs

• ROI: Strong

👉 Official Website:https://www.spjimr.org/

8. IIM Kozhikode – Finance & Risk

IIM Kozhikode places well in finance, risk, and advisory roles.

Finance Roles Offered

• Risk Management

• Corporate Finance

• Financial Consulting

Placements & ROI

• Average Package: ₹28–30 LPA

• Fees: ~₹20 Lakhs

• ROI: Very Good

👉 Official Website:https://www.iimk.ac.in/

9. MDI Gurgaon – Corporate Finance

MDI Gurgaon offers solid corporate finance and consulting roles.

Finance Roles Offered

• Corporate Finance

• Treasury

• Consulting

Placements & ROI

• Average Package: ₹25+ LPA

• Fees: ~₹25 Lakhs

• ROI: Good

👉 Official Website:https://www.mdi.ac.in/

10. IIM Indore – Finance via General MBA

IIM Indore consistently places students in finance leadership roles.

Finance Roles Offered

• Corporate Finance

• Financial Planning

• Consulting

Placements & ROI

• Average Package: ₹30+ LPA

• Fees: ~₹21 Lakhs

• ROI: Excellent

👉 Official Website:https://www.iimidr.ac.in/

Quick Comparison Table

Institute	Avg Package	Fees	ROI
IIM Calcutta	₹35+ LPA	High	Excellent
FMS Delhi	₹34+ LPA	Very Low	Outstanding
IIM Ahmedabad	₹34+ LPA	High	Excellent
IIM Bangalore	₹33+ LPA	Medium	Excellent
SPJIMR	₹33+ LPA	Medium	Strong

Career Roles After MBA in Finance

Graduates typically move into:

• Investment Banker

• Corporate Finance Manager

• Equity Research Analyst

• Risk & Treasury Manager

• CFO-track leadership roles

Finance offers high pay, high pressure, and high long-term rewards.

Who Should Choose MBA in Finance?

MBA Finance is ideal if you:

• Are strong with numbers

• Enjoy markets, valuation, and strategy

• Can handle pressure and long hours

• Aim for leadership roles in BFSI or corporates

Final Verdict

For Finance aspirants:

• IIM Calcutta and FMS Delhi are unmatched

• Top IIMs + SPJIMR + XLRI offer elite outcomes

• ROI varies widely — fees must be considered carefully

Choosing the right institute is far more important than just choosing Finance.

FAQs – Top MBA Colleges for Finance in India

1. Which is the best MBA college for Finance in India?

IIM Calcutta is widely regarded as the best for Finance and Investment Banking.

2. Is FMS Delhi good for Finance?

Yes. FMS offers exceptional ROI and strong corporate finance roles.

3. What is the average salary after MBA in Finance?

It ranges from ₹25 LPA to ₹35+ LPA at top institutes.

4. Do Finance roles require prior work experience?

Not mandatory, but internships and finance exposure help.

5. Is MBA Finance suitable for non-engineers?

Yes. Commerce and economics graduates often perform very well.