TAPMI Manipal has been ranked 27th, whereas NMIMS Bengaluru has been ranked 92nd and IMI Delhi has been ranked 28th for MBA by NIRF 2020.

Course Structure:

IMI

• It is known to be the country’s first corporate sponsored management institute as it provides various skill development courses and paid internships sponsored by industry giants like PNB, IOCL, GAIL, IFFCO and many others.
• IMI is one of the most reputed institutions in India, having tie-ups with prestigious universities in UK, Germany, USA, allowing student and faculty exchange, enhancing global outlook and personal development. 

TAPMI Manipal

• The specialisations offered in PGDM are Banking and financial services, HRM, Marketing and sales management. 
• TAPMI Finance Lab, Brandscan, LADC modules helps in student growth and practical knowledge development
• International collaborations with RSB(France), GARP, Emporia State University and others

NMIMS Bengaluru

• PGDM is offered in Real estate construction and Management, banking and finance, supply chain management, marketing management, international trade management, Operations, business analytics, financial management and information technology.
• International affiliations with universities from Germany, Switzerland, Australia for global immersion programmes, inviting guest lectures and organising conferences.

Placements

TAPMI

• Average placement rate was around 80%
• Highest CTC offered was 20 LPA while average CTC received was 12 LPA
• Major recruiters were Evalueserve, cognizant, Godrej,E&Y, Adobe amongst 50 others
• IT and Operations made maximum recruitment with 29%, followed by BFSI sector making 26% recruitments.

NMIMS Bangalore

• Average placement rate was around 95%
• Highest CTC offered was 21 LPA while average CTC received was 10 LPA
• Major recruiters were Bloomberg, Volvo, H&M, Dell amongst 90 others
• FMCG made maximum recruitment with 33%, followed by BFSI sector making 23% recruitments.
• Around 20 students received PPOs from companies like VMWare, TCS, Exide with average stipend as 20,000

IMI Delhi

• PGDHRM observed more than 90% placement record.
• More than 86 Multinational companies visited the campus for recruitment.
• The highest salary offered was INR 22 LPA while the average placement offered was INR 13 LPA.
• BFSI was the highest recruiting sector with 29%, followed by IT & Services with 27% recruitments
• The major recruiters were American express, Axis bank, Accenture, Tata motors, Amazon, OYO.

All these institutions provide quality education courtesy of highly qualified faculty, some of which are advisors to top government organisations and corporates. Hence, an individual should make a choice according to his/her field of interest and after considering all the relevant facts.

Given a choice between the mentioned colleges, the best institution for Finance will surely be TAPMI School of Business for various reasons.

Let us first have a look at some statistics about all the three colleges.

TAPMI:

• Laboratories: One of the most exclusive reasons for choosing TAPMI is a well-equipped Finance Lab which helps students gain hands-on experience and understand core financial concepts through practical studies as opposed to only theory. The lab is equipped with 16 Bloomberg terminals and 7 Thomson Reuters terminals.

• Curriculum: The course curriculum for PGDM BKFS at the institute is CFA C-BOK (certified body of knowledge) and FRM (Financial Risk Management) certified and meets the latest global industry standards.

• Faculty: The program in Banking and Finance is backed by experienced faculty members who have years of experience in academics and industry.

• Accreditation: It is one of the few management institutions in the country to have a two-tier global accreditation, i.e AMBA, and AACSB.

• Extra-Curricular: The institute organizes multiple events, workshops, and industry visits to provide students with a well-rounded experience. Student managed investment funds and multiple club activities are all part of the module in finance.

IMT-G:

• It offers a PGDM program in Finance that has an industrial and financial backing overlooking a high number of companies for recruitments but fails to provide a high placement rate considering an exceptionally high batch size, which keeps the majority of the students from getting a full-time job.

• It observes the highest placements in the marketing department and sees very few core companies for finance, with corporate finance and banking jobs marking the minority. Apart from the brand name of IMT, it is not considered to be the best institute for a program in Finance.

KJ Somaiya:

The institute offers PGDM programs in Finance which are well-structured but fail to impress in terms of management and placements. While the fee structure of the program is lower compared to the other institutes, it observes many good companies as part of their recruitment drive due to the location, but still has an overall low placement rate within the Finance sector.

Given the three options, the best institute for a program in Finance would definitely be TAPMI School of Business for the well-structured curriculum, good placement opportunities, and facilities provided.

The difference between PGDM and PGDM-BKFS is that PGDM is the general MBA program and the course curriculum comprises all fundamental and cross-sectional areas of management while the course curriculum of PGDM-BKFS is tailor-made for Finance. In the first year for PGDM students are required to study various management-related subjects like Marketing, Finance, HR, and Operation. However, the BKFS course only includes Finance related topics.

TAPMI offers good infrastructure for BKFS. The institute has the largest state-of-arts finance lab in the country with 16 Bloomberg terminals. TAPMI also offers a unique Student Managed Investment Course (SMIC) for the finance stream in which BKFS students work in teams and each team has a mentor from industry currently working in the BFSI Sector. Also, unlike the traditional internship that PGDM students go through the BFS cohort had a two-month study tour in Bombay Stock Exchange where the students had their live projects.

Given below is a comparison between the two courses.

Almost all of the colleges listed here are in the top 20 list of MBA colleges in India for Finance. Among the new IIMs, the ones good for Finance are IIM Ranchi, IIM Rohtak, IIM Raipur, IIM Udaipur, and IIM Kashipur. 

Admission Criteria

Given below are the admission criteria for the institutes mentioned in the question.

• IIMs take admission based on the performance of the students in CAT/GMAT. For final selection into the program, IIMs conduct Written Ability Tests (WAT), Group Discussion (GD), and Personal Interviews (PI).
• XIMB accepts admission through CAT/GMAT/XAT score +  WAT + PI + GD.
• IMT G takes admission through CAT/XAT/GMAT/CMAT score + Group Exercise (GE) + Personal Interview (PI).
• IIT M selects students for admission based on their performance in CAT/GMAT + WAT + PI.
• IMI Delhi accepts CAT/GMAT/ATMA/CMAT/XAT score and students are selected based on their performance in Extempore, Essay Writing, and Personal Interview.
• TAPMI selects students based on their CAT/GMAT/XAT scores which is followed by WAT, PI, and GD. 

The table below draws a comparison of the MBA program offered by the institutes.

Top recruiters at these institutes include Tata Steel, Cognizant, Capgemini, Accenture, Apollo Munich, Godrej, Emami, Nestle, Titan, Maruti Suzuki, PCBL, HDFC Bank, Mu Sigma, Larsen & Toubro, GMR, Tata Steel, Godrej & Boyce, and Vedanta and many more. 

All of the mentioned institutes are good for MBA in Finance. However, based on facilities provided, course curriculum, and placements the order of preference should be IIM Shillong, new IIMs, XIMB, IMT-G, IMI-D, IIT-M, TAPMI.