In my opinion, the best option among the given colleges is SCMHRD’s finance. I am not saying this on my own, but the data reflects the results. Let’s check the final placements for each college in the finance area.
The average package offered in the finance area at IMI Delhi is 17.64 lac per annum for the last batch. For IMT Ghaziabad, this figure is 14 LPA. XIMB is a little better than these colleges, with an average package of 20 LPA, but SCMHRD excels all of these with an average package of 22 LPA and the highest package of 27 LPA.
IMT is a well-established college and comparing it to a mediocre college like TAPMI is not justifiable. Of the two, IMT Ghaziabad is clearly a better choice. To explain further I have compared both these institutes on the basis of some parameters like
Particulars |
IMT Ghaziabad |
TAPMI |
Number of recruiters |
130+ |
21 |
Highest CTC |
INR 62 LPA |
INR 22.3 LPA |
Average CTC |
INR 15.28 LPA |
INR 15.7 LPA |
Top Recruiters |
Morgan Stanley, BCG, Accenture Consulting, Goldman Sachs, Google, Infosys Consulting, Emami International, TATA Consumer Product |
EY, HDFC Bank, HSBC Bank, Tata Capital |
From the table you can easily infer that the placement scenario is far better at IMT Ghaziabad than TAPMI. In fact in almost all aspects IMT Ghaziabad is way ahead so it’s definitely a better choice than TAPMI.
You can consider XIME Bangalore as your first choice, then SIESCOM and NL Dalmia as your second and third choices, respectively. It is better not to consider NDIM or USB since they are bad at academics and placement support.
XIME has a decent placement package, a good academic history, well-equipped classrooms, a resourceful atmosphere, and experienced scholars.
So, take a wise decision, and all the best for your future.
IMT Ghaziabad has professors like N.R. Bhasnurmath, a professor with experience in SBI and eventually in RBI, and retired as Senior Vice President, who has immense knowledge and understanding of the money market in India.
To help students gain a better understanding and expertise Finance Committee of IMT Ghaziabad i.r., FINESSE comes to their rescue.
Coming to the placements of IMT Ghaziabad,
Particulars |
2022 |
2023 |
Highest CTC |
27.75 |
28.75 |
Average CTC |
14.01 |
15.59 |
Median CTC |
13 |
14.5 |
They also conduct leadership talks on Strategy, Investment, etc. from Industry stalwarts such as Siemens, Lenskart, etc, and by distinguished faculties from Top B-Schools around the world.
Both IIM Kozhikode and SPJIMR offer an excellent curriculum in MBA that is taught by the best and most learned faculty. One of my cousins chose IIMK over SPJIMR because she was inclined toward Finance specifically. Additionally, the IIM tag helped her avail better opportunities.
SPJIMR on the other hand has a few drawbacks that make you want to reconsider joining it. Firstly, it has a triple occupancy room system which may not be fit for everyone. Secondly, its culture is a bit restrictive focusing only on mental development.
Overall, If you are a CA or a CFA graduate with Financial Corp experience, you will be exposed to similar cultures and opportunities on both campuses. But if you are an engineer, you will get better opportunities at IIM Kozhikode.
Ultimately, the final decision is yours to make!
I completed my PGDM in Financial Markets from ITM Navi Mumbai in the year 2022. I am currently working as an Asset Desk Manager at HDFC Bank. The average package for my branch during the 2022 placements stood at INR 6.5 LPA.
In PGDM FM, your hard work matters the most. A trading lab is provided which helps us to learn more about trading. Most companies come to the campus offering a sales profile. ITM Navi Mumbai is not among the top business schools, so if you want to go for research or technical analysis, you will need to work hard.
The professors possess a good knowledge of their field. They are very helpful and friendly. It is you, however, who will have to take the initiative.
Go for Financial Markets if you are motivated and wish to pursue research. Otherwise, you can go for other PGDM specializations offered by ITM Navi Mumbai according to your goals.
Yes, FMS is a very good college for MBA not only for finance but all other domains as well. The companies coming to the campus for Finance include:
American Express, Axis Bank, DE Shaw, HDFC Bank, NatWest, HSBC, and Goldman Sachs, among others.
The finance placement data of FMS is given below -
Company |
CTC |
Designation |
No. of Students |
American Express |
24 |
Management Trainee |
11 |
Avendus |
25 |
Associate |
1 |
Axis Bank |
22 |
Management Trainee |
2 |
Bharti Enterprises |
26.5 |
Management Trainee |
1 |
Citi Bank |
21 |
Management Trainee |
1 |
Crisil |
16 |
Analyst |
1 |
FinIQ |
25 |
BDA |
1 |
HDFC Bank |
19.5 |
Functional Analyst |
1 |
IIFL |
18 |
Sales Strategy |
1 |
Nomura |
20 |
Sr Analyst |
3 |
Nykaa |
22 |
Manager |
4 |
Standard Chartered |
35 |
Analyst |
1 |
The final placement data for FMS is given below -
Particulars |
Placements Statistics (2021-23) |
Placements Statistics (2020-22) |
Number of Students Placed |
269 |
257 |
Placement Percentage |
100% |
100% |
Highest Package |
INR 1.23 CPA |
INR 58 LPA |
Average Package |
INR 34.1 LPA |
INR 32.4 LPA |
Median Package |
INR 31 LPA |
INR 30 LPA |
Major Domains |
Consulting, Marketing |
Consulting/General Management |
Top Recruiters |
Accenture Strategy, Airtel, Amazon American Express, Bain & Co, BCG etc |
Boston Consulting Group, Nykaa, Paytm, Adobe, Adani Group, BYJUs |
First of all, congratulations on graduating and making the best decision to opt for an MBA in Finance. You have to carefully examine the infrastructure, fees, facilities, and faculties before confirming an institute, and this is a crucial step for every candidate.
Let us have a brief comparison of the colleges you have preferred-
So, you can go with the option of Welingkar School for your studies.
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 of the mentioned colleges are good but amongst the two, RIIM is far better when compared with PIBM in Pune. In terms of the fee structure, there is a huge difference between both colleges. The fee structure offered by RIIMs is less than PIBM.
Categories |
MBA at RIIM |
MBA at PIBM |
Course Fee |
1.82 lakhs |
7.95 lakhs |
Highest CTC |
10 LPA |
18 LPA |
Average CTC |
6 LPA |
9-10 LPA |
Recruiting Companies |
HP, Nestle, ITC, Byju’s, etc. |
HUL, Godrej, Federal Bank, Tech Mahindra, etc. |
RIIM Pune offers the following Digital Marketing Certifications in affiliation with IIM Kozhikode: Search Engine Optimization, Social Media Optimization, Email Marketing, Google Ad words, Google Analytics, PPC & Mobile Marketing.
RIIM Pune also offers Value-Added Programs like SAP (Basic), Advance Excel, Business Analytics, Six Sigma, IT Skills from Microsoft, workshops at National Stock Exchange.