Best MSc Finance Colleges in Mumbai 2026: Fees, Admission, Rankings & Placements

Mumbai has established itself as India’s financial capital, offering some of the most prestigious postgraduate finance programs in the country. The city hosts approximately 10+ top-tier MSc Finance colleges, including the legendary JBIMS, NMIMS, and specialized institutes like SSE (SDA Bocconi Mumbai).

The average fees for these programs range from ₹80,000 to ₹12 Lakhs, with admissions primarily driven by entrance exams like MAH MBA CET, CAT, and NMAT. Graduates from these elite institutions frequently secure placements in global investment banks and consulting firms, with salaries ranging from ₹8 LPA to ₹28 LPA.

Best MSc Finance Colleges in Mumbai (Quick List)

• JBIMS (Jamnalal Bajaj Institute of Management Studies)
  Renowned as the “CEO Factory of India”, JBIMS offers the best ROI, exceptional placements, and an unmatched industry reputation.

• NMIMS (Anil Surendra Modi School of Commerce)
  Known for its globally aligned curriculum, strong corporate connections, and excellent placement outcomes across finance, consulting, and marketing roles.

• SDA Bocconi Asia Center
  Provides international exposure with a European-style management curriculum and strong links to global institutions.

• University of Mumbai (MU)
  The most affordable management education option for Maharashtra state candidates, backed by strong academic credibility.

• Welingkar Institute of Management (WeSchool)
  Recognized for its practical approach to financial management, innovation-driven pedagogy, and hybrid learning models.

Top MSc Finance Colleges in Mumbai (2026)

Choosing the right MSc Finance college in Mumbai involves balancing institutional brand value, program cost, and career outcomes. Key factors to consider include faculty expertise, campus infrastructure, and the institute’s corporate reputation. The following list highlights the top MSc Finance colleges in Mumbai, curated based on placement performance, faculty-to-student ratios, and institutional accreditations such as NAAC and AACSB, helping aspirants make an informed decision.

Top Government MSc Finance Colleges in Mumbai

Government colleges in Mumbai are among the most sought-after institutions due to their low tuition fees, strong academic credibility, and high-value degrees affiliated with the University of Mumbai. These colleges offer excellent ROI and are especially popular among merit-based aspirants. The best government colleges in Mumbai are listed below.

*Note: SIMSREE primarily offers MMS Finance, which is equivalent to MSc Finance in the curriculum.

Top Private MSc Finance Colleges in Mumbai

Private institutes in Mumbai offering MSc Finance programs are known for their modern campus infrastructure, industry-aligned curriculum, and specialized placement cells that cater to niche roles such as Risk Management, FinTech, Investment Banking, and Financial Analytics. The top private MSc Finance colleges in Mumbai are listed below, recognized for strong corporate connections and career-focused training.

Fees for MSc Finance Colleges in Mumbai

The fee structure for MSc Finance colleges in Mumbai varies significantly between government-aided institutions, which offer highly affordable education, and private autonomous universities, where fees are higher due to advanced infrastructure, specialized programs, and dedicated placement support.

MSc Finance Colleges in Mumbai With Low Fees

Students aiming for a high Return on Investment (ROI) should prioritize government-affiliated and aided institutions, as they offer lower tuition fees, recognized degrees, and strong academic credibility with solid career outcomes.

Eligibility for MSc Finance in Mumbai

To apply for an MSc in Finance in Mumbai, candidates must meet the following criteria:

• Education: A Bachelor’s degree (10+2+3) in any discipline from a recognized university.

• Minimum Marks: At least 50% aggregate marks (45% for reserved categories).

• Subjects: Preference is often given to students with a background in Mathematics or Statistics at the 10+2 or UG level.

• Entrance Exam: A valid score in exams like MAH CET, CAT, or NMAT is mandatory for top-tier colleges.

• Work Experience: Not mandatory for most MSc programs, but valued during the interview process at JBIMS and Bocconi.

Admission Process for MSc Finance Colleges in Mumbai

The admission process is divided into Merit-based (for MU-affiliated local colleges) and Entrance-based (for top-tier B-schools).

• Step 1: Registration – Apply for entrance exams like MAH MBA CET or NMAT by December/January.

• Step 2: Written Test – Appear for the exam and clear the minimum sectional cut-offs.

• Step 3: Shortlisting – Colleges shortlist candidates based on exam scores and academic profiles.

• Step 4: Selection Rounds – Shortlisted candidates undergo a Written Aptitude Test (WAT), Group Activity (GA), and Personal Interview (PI).

• Step 5: Final Allotment – Seat allocation via the DTE CAP rounds or direct institute-level merit lists.

Entrance Exams for MSc Finance in Mumbai

Most colleges in Mumbai accept state-level or national-level management entrance exam scores for admission. Popular exams include MAH CET, CAT, CMAT, and XAT, depending on the institute and program.

MSc Finance Colleges in Mumbai Without Entrance Exam

Only a few private institutes in Mumbai offer direct admission to MSc Finance or similar programs based on graduation marks or management quota. However, these options are limited, as most colleges offering an MSc Finance degree follow merit-based or entrance-based admission

Placements for MSc Finance Colleges in Mumbai

Mumbai's location provides an unparalleled advantage, with colleges maintaining 100% placement records for finance cohorts.

Top Recruiters

• Investment Banking: Goldman Sachs, Morgan Stanley, J.P. Morgan.

• Consulting & Audit: Deloitte, KPMG, EY, PwC, McKinsey.

• Banking & NBFCs: HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra.

• IT & Analytics: Accenture, Capgemini, Fractal Analytics.

FAQs

1. Which is the best college for MSc Finance in Mumbai?

JBIMS is widely considered the best due to its low fees (₹7L) and high average placement (₹18.3L), offering the best ROI in the city.

2. What is the average fee for MSc Finance in Mumbai?

The fees range from ₹80,000 in government colleges like Mumbai University to ₹20 Lakhs in premium private institutes like SDA Bocconi.

3. Does JBIMS accept CAT for MSc Finance?

Yes, JBIMS accepts both MAH MBA CET and CAT scores for the shortlisting process of its MSc Finance program.

4. Can I get admission without an entrance exam?

Most top colleges require an entrance exam. However, some private universities like Amity Mumbai offer admission based on graduation marks and personal interviews.

5. What is the difference between MSc Finance and MBA Finance?

MSc Finance is a specialized, research-heavy program focusing on quantitative finance and markets, whereas MBA Finance is a broader management degree covering marketing, HR, and operations alongside finance.

6. What are the eligibility criteria for NMIMS MSc Finance?

You need a Bachelor's degree with 50% marks and must have studied Mathematics or Statistics at the 10+2 or UG level.

7. Is there a hostel facility at JBIMS?

JBIMS has very limited hostel seats for boys on a merit basis. Most students opt for PGs or private hostels in South Mumbai.

8. Who are the top recruiters for finance graduates in Mumbai?

Major recruiters include Goldman Sachs, J.P. Morgan, Morgan Stanley, HDFC Bank, Deloitte, and KPMG.

9. Is MSc Finance from Mumbai University worth it?

Yes, it is highly cost-effective and recognized by major financial firms, especially for roles in core accounting and corporate finance.

10. What is the highest package for MSc Finance in Mumbai?

The highest package typically goes up to ₹28–30 LPA at top institutes like JBIMS.