IIM Rohtak is a good option for an MBA in Finance. It has a good ecosystem for Finance specialization. Every year, many students clear CFA Level 1.
The institute has a good faculty base. The student crowd is competitive. You will share classrooms with talented peers. The peer group is pretty diverse as well. There are people from different academic and cultural backgrounds.
During IIM Rohtak placements 2022, around 6% of students got placed in the finance sector. The average CTC for this year was INR 16.06 LPA.
Department of Financial Studies, Delhi University is a good option for students interested in hard-core finance studies. The MBA (FM) is a sought-after degree. If you aren’t getting admission into major league colleges, DFS can be a good alternative.
It is CFA affiliated and you can get scholarships for pursuing CFA degree. It offers good ROI. DFS Delhi MBA fees are only INR 26,000. While the average CTC is 13 LPA.
NL Dalmia placements are good for MBA in Finance. During 2022 placements Finance was the top sector recruiting students. Students received an average CTC of INR 6.5 LPA. The highest CTC offered in this sector goes up to INR 13 LPA. Some of the major recruiters from the Finance sector are Crisil, HDFC, Amul, City Bank, etc.
If you aren’t sure about specialization, choosing IIT Kharagpur MBA is better. The institute has a great management faculty base. The institute offers good placement opportunities in the Operations domain. During VGSoM IIT Kharagpur placements 2021, the Operations sector had the second-highest placement rate, i.e. 20%. The average CTC for the batch was INR 18.44 LPA.
IMT Ghaziabad consistently ranks amongst the top 20 MBA colleges in the country. In terms of exposure, you will have the opportunity to interact with good visiting faculty and your batchmates will be people who have ranked amongst the top percentile in CAT. The college also has a vibrant campus life with lots of extra-curricular activities. However, like all private-funded colleges, there are certain seats allotted to the management quota.
When considering attending IMT Ghaziabad, it is important to consider your career goals. If you are looking for a pure finance role (PGDM) in front-end Investment banking or PE, IMT Ghaziabad may not be the best fit, as core finance roles are limited. However, there are opportunities for corporate finance jobs and banks visit campus for recruitment.
Before joining any college it's better to perform some research on it. The foremost thing is you need to know all the placement details from alumni or the students who are currently studying in that college. Don’t choose a college based only on their advertisement.
Dalmia NL, SIES (MMS), and Welingker(PGDM) all these colleges are well-reputed institutions in Mumbai for management studies. I have friends pursuing their studies at these colleges. Based on what I heard, I will say N L Dalmia is the best college among these three. It has better placement records, ranking, and reputation.
So, N L Dalmia is definitely a better choice. But before making a decision, do your own research first.
FORE and KJ Somaiya are both excellent. The curriculum is designed in consultation with industry leaders and the growing demands of the industry as an ongoing process at FORE, making it relevant to the workplace. FORE has a strong connection with the corporate world and is a preferred destination for recruiters because it provides value to the recruiter as well. The average CTC offered by both institutes is nearly identical - FORE: INR 14.04 LPA & KJS: INR 12.28 LPA.
If you are not from Mumbai, you must also consider the cost of living. Delhi/NCR is always less expensive than Mumbai.
One of my relatives who used to be a student of SCMHRD feels that the course is directly proportional to the quality or effort of the students who are a part of it.
He has shed some light on the following:
The institute also provides a good platform for appearing in various events of the institute and corporate events. It can be a good way to stand out from the crowd.
Between the colleges you mentioned in the question, IFIM is better for an MBA in Finance. I know a few people from the institute and they had good things to say about the program.
Here’s a brief highlight of the same which can give you an idea about the course.
Average CTC |
10.2 LPA |
Highest CTC |
16 LPA |
Course Fee |
12 LPA |
Apart from the institutes mentioned in the question, there are many other management institutes that can be a better option for an MBA in Finance.
If you are looking only for Finance specialization, there are some really great management institutes offering banking and management courses such as Symbiosis, Jain University, Times Pro, ITM, etc.
Both the options you mentioned, IMI Delhi PGDM and IMT G Finance are good in their own individual aspects. So you should rather be asking which is better for you. Now this depends on what you really want from your PGDM. By choosing PGDM Finance you will limit yourself only to the Finance sector, whereas a PGDM core will give you a chance to explore various domains before selecting your specialization. The former is a good option if you are certain about your interest in Finance and want to excel in that sector no matter what while the latter is good if you are open to all options.
Talking about IMI Delhi in general, the B School offers an abundance of opportunities through student bodies and other student driven activities. Moreover the additional locational advantage is what makes it a fairly good option. The batch size is also not too big and thus balances the student teacher ratio.
Placements are pretty decent at IMI Delhi. The IMI Delhi average package (overall) offered during 2023 placements was INR 17.01 LPA. For PGDM, PGDM (B&FS), and PGDM (HR) the average package stood at INR 17.20 LPA, INR 16.48 LPA, and INR 15.58 LPA, respectively.
The primary highlight of the B School is its student exchange program wherein students from foreign universities join the B School for a fixed period while students from IMI Delhi visit a foreign university in exchange.
All these factors make IMI Delhi a very good choice in comparison to IMT G.