Global best colleges for MBA in Finance
The Wharton School
The Wharton School is located in Pennsylvania. It is one of the best colleges for MBA in finance. It is a top choice for students seeking careers in investment banking, private equity, investment management, and venture capital. Moreover, the university a highly competitive admission process. However, in 2022, only 13% of applicants got selected for the MBA class. On average, it requires a GMAT score of 722 and an undergraduate CGPA of 3.6 based on a 4.0 scale. It also offers PhD and undergraduate programs. Donald Trump, Sundar Pichai (CEO of Alphabet and Google), Warren Buffett, founder of PayPal, Tesla, and SpaceX attended the college. A student will pay US$ 111,900 for one academic year.
Harvard Business School
Harvard Business School in Boston, Massachusetts is ranked among the top business schools. They offer full-time MBA programs. Additionally, it owns Harvard Business Publishing which publishes leadership articles, case studies, monthly Harvard Business Review, and business books. Above all, it is the home to Bloomberg Center. The Finance graduates of Harvard work in various finance-related industries. For instance, accounting, investment and asset management, banking, biotechnology, and management consulting. The university requires a median GMAT score of 730. Moreover, the acceptance rate is 12%.
The students receive a median base salary of US$ 150,000 and a US$ 30,000 bonus after graduating from Harvard. The companies hiring Harvard graduates are Apple, Facebook, Google, Bain & Company, McKinsey, Boston Consulting Group, IBM, Morgan Stanley, and many more. Jamie Dimon (Chairman of JP Morgan), Ray Dalio (Founder of Bridgewater Associates which is one of the topmost hedge funds), Jane Fraser (President of Citi), Ana Botin (executive Chairman of Santander Group which is a conglomerate of commercial banks in Madrid), etc. A student will pay US$ 110,740. A married person will pay US$ 128,902.
Columbia Business School
Columbia Business school is a university in Manhattan, New York City. In global rankings, it is in the 2nd position by Financial Times. The business school helps with investment management, wealth management, money skills, banking, and equity research. They require a CGPA of 3.6. the average GMAT score is 726. Moreover, the acceptance rate is 16%. The median base salary and the bonus is US$ 150,000 and US$ 30,000, respectively. Consulting and Financial services are the two most popular industries at Columbia Business school. The base budget is US$ 110,978 which includes tuition fees, health services, fees, and other expenses.
Chicago Booth School of Business
Chicago Booth School of Business is the second-oldest business school in the USA. It has an association with 9 Nobel Laureates in the Economic Sciences. They also offer ways to learn in various areas like corporate finance, financial instruments, financial markets and institutions, advanced investments, and portfolio management. It requires an average GMAT score of 731. The acceptance rate is only 7.3%. Moreover, the faculty has advised world leaders. One of the notable alumni is Raghuram Rajan, the 23rdgovernor of the Reserve Bank of India. Students will need to pay approximately US$ 108,683 for tuition.
Stanford Graduate School of Business
Stanford Graduate School of Business is another top-ranked college in the list of best colleges for MBA in finance globally. The finance faculty has wide-ranging expertise in asset pricing, corporate finance, and investment decision. The faculty also produces a broad range of research that addresses topics of interest to academic researchers and policymakers. Stanford MBA and Stanford GSB Executive Education programs develop and publish financial research reports. Additionally, through Stanford GSB PhD Program the university provides mentorship to future finance scholars. However, the acceptance rate is only 6.1%. Also, a good GPA of 3.75 or more is required for admission. Phil Knight (co-founder of Nike and chairman), and Mary Barra (GM CEO), are some notable alumni. A student will pay US$ 113,917. A married person will pay US$ 138,523.
India’s best colleges for MBA in Finance
SP Jain Institute of Management and Research
SP Jain is one of the best colleges for MBA in finance. They have the highest integration quotient. They also upgrade constantly according to market needs. Above all, the institute is recognized by UGC (University Grants Commission) and AICTE (All India Council of Technical Education). It provides a Global MBA in many areas. For example- corporate valuation, equity analysis, financial derivatives, portfolio management, mergers and acquisitions, etc. The fee is around ₹22 lakhs. The university requires a minimum CAT score of 85 percentiles. Moreover, it has a personal interview and group discussion round. The placements offered are- Deloitte, EY, KPMG, Accenture, Boston Consulting Group, PwC US Advisory, etc.
Narsee Monjee Institute of Management Studies (NMIMS)
NMIMS (Mumbai) has an active corporate interface. It is one of the few colleges offering specialization in banking. All major finance domains are also covered like insurance, corporate finance, risk management, etc. The fee is around ₹10.5 lakhs. Firstly, the minimum eligibility is a Bachelor’s degree (10+2+3) with a minimum 55% score and 3 years of work experience. Secondly, students are required to clear the NMAT exam with a good score of 200. Lastly, there is a personal interview and group discussion too. The top recruiters are Adidas, Asian Paints, CRISIL, Accenture, Amazon, Max Life Insurance, Barclays, IDFC Bank, Emkay Global, and many more.
KJ Somaiya Institute of Management Studies and Research
KJ Somaiya Institute of Management Studies and Research is another top-ranked college in the list of best colleges for MBA in Finance. They offer a unique integration of management concepts in financial markets and market analysis techniques. It enhances knowledge regarding domestic and global financial services. They also help in taking decisions related to policy formulation. It is ranked second for Private MBA by Times B School. Moreover, it is accredited by NBA and recognized by AICTE. The fee is around ₹16.5 lakhs. The average CAT cut-off is 85 percentiles. They also accept CMAT scores. In addition, there is a personal interview and group discussion too. The top recruiters are ITC, Reliance Retail, BNP Paribas, Colgate Palmolive, L&T Financial services, and many more.
Lal Bahadur Shastri Institute of Management
Lal Bahadur Shastri Institute of Management gives importance to the course curriculum which includes investment management, risk management, strategic accounting and control, and treasury management. It also offers dual specialization in finance. In addition, it has set up a terminal with Bloomberg. The fee is around ₹15.3 lakhs. They accept GMAT, XAT, and CAT scores. The average cut-off is around 80 percentiles. They also have a personal interview and group discussion round. The top recruiters are Deloitte, KPMG, Morgan Stanley, SBI Life, Wipro, Infosys, etc.
IIMC (Indian Institute of Management Calcutta)
IIM Calcutta provides an Executive Programme in Applied Finance. The core courses are business accounting and analysis, corporate finance, business valuation, and bank management. The special courses offered are investment management, financial risk management, alternative investment, and fixed income markets. The eligibility is a Diploma or Bachelor’s degree (10+2+3 or 10+2+4) with 50% aggregate marks in all years from recognized universities of the Association of Indian Universities, UGC, or AICTE. In addition, candidates must get at least 85 percentiles in CAT overall. The placements offered are in top consulting firms like Bain& Company, Boston Consulting Group, McKinsey & Company, Accenture, etc. It is one year course. The fee is ₹3.91 lakhs.