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Master of Business Administration [MBA] in Finance and HRM Top Colleges, Syllabus, Scope and Salary

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Sounak Banerjee

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MBA in Finance and HRM is a postgraduate level program with a duration of 2 years. Students seeking admission to this course must hold a Bachelor’s degree in relevant discipline or equivalent from a recognized university. 

Note: Students who wish to pursue their education in Management field or get a career boost, can check MBA course.

Some of the top institutes offering MBA in Finance and HRM are given below:

The average fee to pursue this program ranges from INR 56,000 to 8,74,000.

MBA Admissions 2023 MBA Distance Education MBA Online

Admission to this course is granted on the basis of candidate’s performance in the entrance test conducted at the university level or national level. Post the entrance exam, every university or institute conducts their own GD/PI round, after which student will finally secure a seat in that particular institute or university. 

Students who want a successful and promising career in Banking and Finance along with HR are suited for this course. MBA in Finance and HRM course provides numerous career opportunities to students in the Finance market.

The career options in this course include employment in various sectors such as in Colleges and Universities, Banking Sector, Financial Organizations, Marketing etc. On completion of MBA in Finance and HRM program, students can opt for jobs of various profiles such as Marketing Manager, Banker, Finance Manager, Teacher/ Lecturer etc. Students holding an MBA degree in Finance and HR Management will get an average annual salary ranging from INR 3 to 8 Lacs and this salary depends on the experience and knowledge of the candidate.

MBA in Finance and HRM: Course Highlights

Course Level Postgraduate
Duration 2 Years
Examination Type Semester System
Eligibility Master’s degree in relevant discipline or equivalent
Admission Entrance Test followed by Group Discussion and Personal Interview
Course Fee Ranges from INR 56,000 to INR 8,74,000.
Average Starting Salary INR 3,00,000 to INR 8,00,000
Top Recruiting Organizations Jain University, RBI, State Bank of India, NBFC, MNCs and various Govt. Organizations.
Top Recruiting Areas Colleges and Universities, Banks, Financial Organizations, Marketing sector etc.
Top Job Profiles Marketing Manager, HR Manager, Banker, Finance Manager, Teacher/ Lecturer etc.

MBA in Finance and HRM: What is it About?

MBA in Finance and HRM program generally focuses on the topics related to Finance and Human Resource Management. This course is concerned mainly with the Accounts and Finance Sector.

Students who wish to make their career in the banking and financial sector and want to work for big organizations as an HR Manager are well suited to this course. Candidates seeking admission to MBA in Finance and HRM course should possess skills such as Managerial skills, Leadership skills and time management skills.

On completion of this course, students can opt for jobs in various sectors such as in Colleges and Universities, Banks, Financial Organizations, MNCs etc. as a Marketing Manager, HR Manager, Banker, Finance Manager, Teacher/ Lecturer etc.

MBA in Finance and HRM: Admission Procedure

Admission to MBA in Finance and HRM course will be granted strictly on the basis of candidate’s performance in the entrance test conducted by the College/ University followed by Group Discussion and Personal Interview. Admission to this course will commence in the month of August. Students who are willing to seek admission to this course can apply for the same either online or offline.

In order to fill the application form online, students have to visit the College’s/ University’s official website and enter all the necessary details correctly in the form. On successful registration, the admission authorities will contact you after which you have to visit the college/ university campus in person will all the documents required such as Graduation Mark Sheet, Degree, ID proof and Photographs to complete the admission process. Candidates who wish to apply offline are required to visit the university/ college and purchase the application form and submit the same after filling it correctly.

The list of colleges offering MBA in Finance and HRM program along with their admission procedure is given below:

Nitte Meenakshi Institute of Technology, NMIT Entrance Test + GDPI
CMS Business School, Jain University Entrance Test + GDPI
Centre for Management Studies Entrance Test + GDPI
Kuvempu University Entrance Test + GDPI

On receiving all application forms, the above-mentioned institutes releases its cut-off marks in the entrance examination for admission to MBA in Finance and HR Management course. Admission to this course will be granted only to those candidates who clear the cut-off marks decided by the respective colleges/ universities and also on meeting the other necessary admission requirements decided by the admission authority.

MBA in Finance and HRM: Eligibility Criteria

Students seeking admission to MBA in Finance and HR Management must hold a Bachelor’s degree in relevant discipline or equivalent from a recognized university. Candidates are required to clear the cut off percentage decided by the respective College or University in the entrance test.

Entrance Exam

MBA in Finance and HRM: Entrance Exams

The aspirants of Master of Business Administration in Public Policy have to prepare for a series of gruelling examinations to prove their credentials and gain admission into the top MBA colleges and universities in the nation by dint of merit:

  • CAT: is the most important entrance exam conducted by the Indian Institute of Management(s) (IIMs) and it is preferred as the qualifying exam by most top management institutes and B-schools in India.
  • XAT: Final year students and students with Bachelor's degrees can apply for the XAT exam, conducted by the Xavier School of Management.
  • MAT: Management Aptitude Test 2022 is conducted by the All India Management Association (AIMA), which is a national body for the management profession in India and MAT exam takes place 4 times in a year, i.e. in February, May, September, and December.
  • GMAT: Conducted by the Graduate Management Admission Council [GMAC], the GMAT exam is the qualifying examination for admission into colleges governed by GMAC.
  • CMAT: Conducted by the All India Council for Technical Education [AICTE], the CMAT exam is widely accepted as a qualifying exam by a large number of government-sponsored management and business institutes in India.

Some of the top entrance exams with their important dates are mentioned in the table below:

Exam Name Exam Details
CAT Check Here
MAT  Check Here
SNAP Check Here
IIFT Check Here
IBSAT Check Here
CMAT Check Here
MAH CET Check Here
NMAT Check Here
ATMA Check Here
XAT Check Here
TISSNET Check Here
TANCET Check Here

MBA in Finance and HRM: Top Institutes

A list of some of the top institutes/ universities across India offering this course is provided in the table given below:

Name of the Institute Location Average Course Fee
Nitte Meenakshi Institute of Technology, NMIT Bangalore, Karnataka INR 1,70,000
CMS Business School, Jain University Bangalore, Karnataka INR 8,74,000
Centre for Management Studies Bangalore, Karnataka INR 2,56,000
Kuvempu University Shimoga INR 56,000

MBA in Finance and HRM: Syllabus and Course Description

While pursuing MBA in Finance and HRM program, candidates have to study the subjects mentioned below. The details of subjects that candidates need to study in each semester are provided in the table given below:

Semester I Semester II
Management Process and Practices Human Resources Management
Accounting for Managers Marketing Management
Business Communication Financial Management
Quantitative Techniques Research Methodology
Organizational Behavior Management Science
Managerial Economics Legal Aspects of Business
Production and Operations Management Management Information System and Computer Application
Semester III Semester IV
Entrepreneurship Development and Management of MSME. Strategic Management and Business Policy
Business Ethics and Corporate Governance International Business
MM: Consumer Behavior & CRM FM: Indian Financial System. HRM: Training and Management Development MM: Rural Marketing Management FM: Corporate Tax Planning HRM: Strategic Human Resource Management
MM: Sales, Logistics Management and Retailing. FM: Advanced Corporate Finance HRM: Industrial Relations and Labour Legislation. MM: Business & Services Marketing FM: Financial Derivatives. HRM: Organizational Development and Change Management
MM: Advertising and Brand Management. FM: Security Analysis and Portfolio Management HRM: Performance Management. MM: International Marketing. FM: International Financial Management HRM: International Human Resources Management
In-Plant Training Concurrent Project work & Viva-voce

MBA in Finance and HR Management: Career Prospects

MBA in Finance and HRM course is beneficial for students as it helps them in learning about the major reforms in the financial sector as well as about the Marketing. This course contributes towards making students a successful banker. This course also helps in enhancing the communication, leadership and time management skills of students. Various opportunities exist for students holding MBA degree in Finance and HR Management. Several jobs exist for professionals in this field such as they could work in Colleges and Universities, Banks, Financial Organizations, MNCs etc.

A person holding MBA in Finance and HRM degree could work in the following profiles on completion of this course:

  • Marketing Manager
  • HR Manager
  • Banker
  • Finance Manager
  • Teacher/ Lecturer

MBA in Finance and HRM Top Recruiters

  • Jain University
  • State Bank of India
  • RBI
  • NBFC
  • MNC

MBA in Finance and HRM: Salary Trends

MBA in Finance and HRM is a top dual degree MBA program. This is a rare yet popular combination as it helps students in enhancing their leadership and communication skills. The average salary offered to MBA degree holders in Finance and HR Management ranges from INR 25,000 to INR 65,000 per month depending on the college, degree, experience and knowledge of the student. Students having experience in this field will surely get a job with high salary.

MBA in Finance and HRM annual salary
Job Profile Job Description Average Annual Salary (INR)
Marketing Head The job of a Marketing Head is to handle the marketing area such as developing marketing policies, planning and promoting promotional campaigns etc. INR 3,00,000 to INR 7,00,000 per year
Finance Manager A Financial Manager is responsible in maintaining the Financial health of an organization. He is responsible for handling all Financial matters. INR 4,00,000 to INR 8,00,000
HR Manager The job of an HR Manager is to manage and develop all HR related programs and policies of an organization INR 2,40,000 to INR 6,00,000
Lecturer/ Teacher One can work as a teacher/ Lecturer in Colleges and teach students about the concepts of Finance and Human Resource Management. INR 3,00,000 to INR 6,00,000

Master of Business Administration [MBA] (Finance and Human Resource Management) : 70 answered questions

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Ques. How is IIM Rohtak for MBA finance? How is the crowd and professors? What is the real average package?

● Top Answer By Shurti Bansal on 24 May 22

Ans. 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. Read more
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Ques. How good is the department of financial studies MBA (FM), Delhi University?

● Top Answer By Akriti Banerjee on 15 Sept 23

Ans. My brother was a student at this college and so this answer is based on his experience solely. The Department of Financial Studies is a CFA-affiliated college wherein you can get a scholarship for pursuing a CFA degree. Its MBA program is highly coveted. It's the best option for you if you want to pursue a career in Finance and fail to make it to other B Schools. Here are some factors to consider  Fees: The low fees charged by DFS is the USP of the college. You can pursue an MBA at just 26000. IIMs fees on the other end are very high Around 13–24 lakhs. So DFS offers a better ROI than IIMs. Curriculum: Curriculum-wise, DFS cannot be compared to IIMs that have excellent course structure at par with foreign universities. DFS follows the semester pattern, unlike the trimester pattern in IIMs. IIMs conduct case study competitions but this is not the case at DFS. Faculty : DFS has some very well-educated and experienced faculty members much better than at least the new IIMs. Placement: The placements at DFS are at par with new IIMs only and not other top IIMs.  Alumni: The small batch size of DFS has failed to establish an elaborate alumni base in contrast to IIM Ahmedabad. Ultimately, if you don’t want a huge loan to repay at the end of 2 years or the IIM tag, DFS is the best optionRead more
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Ques. Which one should I choose: MBA at IIT Kharagpur (operations) or IMT Ghaziabad (finance)?

● Top Answer By Akriti Banerjee on 06 Oct 23

Ans. IIT Kharagpur for operations would be better than IMT Ghaziabad (finance). As IMT Ghaziabad is more famous for its marketing course than finance. IIT Kharagpur is known for its operations management program and has a strong reputation as an institution of the Indian Institutes of Technology (IITs). A few key aspects of IIT Kharagpur are as follows: In 2023 IIT Kharagpur secured 14th rank among all top management schools in India. This does reflect its academic excellence, infrastructural abilities, faculty strength, and placement records.  The faculties are adequately skilled and helpful while imparting quality education. The hostel's amenities include triple and double sharing, as well as all the essentials. The food is of high quality, and you will have four meals. The admissions procedure includes signing up for the hostel. Accommodation in a hostel is required for all students. IIT Kharagpur placements 2023 have been concluded. IT Kgp highest package stood at INR 43.37 LPA whereas VGSOM IIT Kharagpur's average package stood at INR 22.13 LPA. So based on these aspects IIT Kharagpur is a better option for pursuing an MBA in operation management.Read more
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Ques. How is IMT Ghaziabad if you get a PGDM (finance) here?

● Top Answer By Tanuj Chandra on 16 Feb 23

Ans. 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.Read more
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Ques. How are the placements in the NL Dalmia College for an MBA in finance?

● Top Answer By Tanisha Jain on 27 May 22

Ans. 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. Read more
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Ques. Should I join K J Somaiya PGDM FS or FORE PGDM?

● Top Answer By Samarth Gaur on 06 Jan 23

Ans. 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.Read more
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Ques. How good is SCMHRD for MBA in finance?

● Top Answer By Piyush Malawat on 23 Apr 21

Ans. 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: Academics: The course curriculum can be a tad gruesome and it has more to do with finance as all the students are prepared to tough it out in finance. They will take some other specialization if not finance. So he advises the students and would-be students to prepare themselves. The course structure is similar to the standards of the industry and also on equal footing with other colleges of repute. Placements: Major banks like ICICI, Citibank, AXIS, HDFC, etc come to the institute for placements. They may offer positions like relationship managers or credit analysis, etc. They can also offer positions like equity research in HSBC, verity solutions, credit analysis in JPMC, DE Shaw, etc. You will be able to choose from a wide range of domains. Faculty: One of the teachers was CFA/FRM qualified. She had completed her CA, MBA, Ph.D., and was a banker. Background: Most of the candidates are from an engineering background. Some are from the CA background, BBA, and also from the commerce background. 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.Read more
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Ques. What is the difference between PGDM BFSI and PGDM Finance at IMT Ghaziabad ?

● Top Answer By Sreetoma Gupta on 04 Jun 23

Ans. The emphasis of the curriculum distinguishes the IMT Ghaziabad PGDM Finance programme from the full-time PGDM program. A general management education, including instruction in marketing, finance, operations, and strategy, is provided via the full-time PGDM programme. The program's participants will enroll in a range of business-related courses. On the other side, the PGDM Finance programme specialises in finance and related fields. With the option to specialise in fields including corporate finance, investment banking, and financial analysis, students in this programme will take courses that are highly focused on accounting and finance.Read more
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Ques. How good is IMT Hyderabad for MBA in Finance in terms of ROI?

● Top Answer By Sabeer Chalana on 11 Jul 23

Ans. There is no fixed ROI one can expect after completing MBA in Finance from IMT Hyderabad. It all depends on your academic profile and the way you spent 2 years here. Some students here come just for enjoying campus life while some take academics seriously and give it their all. The ROI directly depends on your skills and performance in the interview and cannot be generalized.Read more
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Ques. Which is better, IMI Delhi PGDM or IMT-G PGDM Finance?

● Top Answer By Ankit Bhansali on 03 Mar 23

Ans. 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.Read more
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Master of Business Administration [MBA] (Finance and Human Resource Management) Colleges IN INDIA

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Center for Management Studies, Jain University - [CMSJU]
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Center for Management Studies, Jain University - [CMSJU]

Bangalore, Karnataka
MBA/PGDM(2 Yrs)8.7
₹ 12.05 L Total fees
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Jain University - [JU]
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Jain University - [JU]

Bangalore, Karnataka
MBA/PGDM(2 Yrs)6.5
₹ 9.9 L Total fees
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CMR Institute of Technology - [CMRIT]
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CMR Institute of Technology - [CMRIT]

Bangalore, Karnataka
MBA/PGDM(2 Yrs)6.2
₹ 1.28 L Total fees
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Sir M Visvesvaraya Institute of Technology - [Sir MVIT]
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Sir M Visvesvaraya Institute of Technology - [Sir MVIT]

Bangalore, Karnataka
MBA/PGDM(2 Yrs)5.0
₹ 1.5 L first year fees
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St Joseph Engineering College - [SJEC]
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St Joseph Engineering College - [SJEC]

Mangalore, Karnataka
MBA/PGDM(2 Yrs)4.6
₹ 1.28 L Total fees
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Gyanmanjari Innovative University - [GMIU]
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Gyanmanjari Innovative University - [GMIU]

Bhavnagar, Gujarat
MBA/PGDM(2 Yrs)4.5
₹ 85 K first year fees
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Gayatri Institute of Engineering & Technology
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Gayatri Institute of Engineering & Technology

Berhampur, Odisha
MBA/PGDM(2 Yrs)4.2
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Deen Dayal Rustagi College of Management And Technology - [DDRCMT]
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Deen Dayal Rustagi College of Management And Technology - [DDRCMT]

Gurgaon, Haryana
MBA/PGDM(2 Yrs)
₹ 86.25 K first year fees
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