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Best IIM for Finance and Banking - The best IIM for Finance and Banking is a difficult question to answer as almost every IIM offers the specialization of FInance. However, some IIMs are specifically recommended by experts and preferred by the candidates for building a strong foundation in the field of finance and banking. Five IIMs are considered to be the best IIMs for finance and banking. These IIMs include IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, and IIM Indore. Among all the 21 IIMs across the country, these are considered the best IIMs for leaving a strong mark in the finance and banking field.
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Finance and Banking is a promising career domain and is looked forward to by many management candidates studying across various IIMs. It is one of the most preferred specializations for pursuing an MBA. For choosing the best IIM for finance and banking out of the five IIMs mentioned candidates must consider certain factors involved. Based on these factors candidates can figure out the best IIM for finance and banking for themselves. These factors are explained in detail below.
Curriculum: Look for IIMs that offer rigorous and comprehensive finance and banking curriculum including advanced courses in financial management, investment banking, corporate finance, and financial markets.
Faculty Expertise: Research regarding faculty expertise and experience. Get to know the frequency of guest speakers and interactions with professionals from the finance and banking field.
Placement Records: Examine the average and highest salary packages offered to the candidates at particular IIMs. Check for recruiters that actively recruit for important roles related to the finance and banking domain.
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Alumni Network: Evaluate the presence and success of alumni in the financial and banking sector for specific IIM. Consider the strength of the alumni network and its strength and ability to provide mentorship and career opportunities in the respective field.
Location: It is much more ideal if the IIM is located in a city that has either possibility or is a growing hub for the finance and banking sector. This will provide more opportunities for relevant industry exposure.
Rankings: Review the IIMs rankings in various national and international B school rankings. Check the NIRF rankings under the management category also.
Review: Finally, after all the checkpoints make sure to read student reviews of the IIM for the experience of studying the particular specialization.
Based on the factors discussed above the top 5 best IIMs for finance and banking domain are mentioned below.
IIM Ahmedabad: Known for its rigorous curriculum and strong emphasis on finance, IIM Ahmedabad consistently ranks at the top for MBA/PGDM. Its finance specialization is highly regarded, and its graduates often secure important roles in finance and banking.
IIM Bangalore: Recognised for its finance faculty and finance-related courses, the institute’s focus on finance and analytics makes it a strong choice for those aiming for a career in finance and banking.
IIM Calcutta: IIM Calcutta has a long-standing reputation for its finance programs. It is especially recognized for its emphasis on economics and finance. It has a robust placement record in the finance sector.
IIM Lucknow: IIM Lucknow also offers a solid finance curriculum and is known for its finance-related electives and placements. It is also a great option for building finance careers.
IIM Indore: IIM Indore’s finance program has a growing reputation, with a good mix of theoretical and practical finance training. It is a popular choice for finance enthusiasts.
The best IIMs for making an excellent career in the banking domain are IIM Bangalore, IIM Calcutta, IIM Ahmedabad, and IIM Lucknow. Finance and Banking is a promising career domain and is looked forward to by many management candidates studying across various IIMs.
For banking an MBA or PGDM in the finance domain is preferred. Some colleges offer an MBA in a specific Banking specialization too. For choosing the best IIM for finance and banking out of the five IIMs mentioned candidates must consider certain factors involved like curriculum, faculty, placement, rankings, etc.
MBA finance is a great option for candidates who are looking to build a great career in the banking sector. It is the most sought-after MBA specialization offered by almost all the B-Schools.
The eligibility criteria for IIM MBA finance involves a valid CAT exam score clearing the cutoff required by the particular IIM and graduation with at least 50% aggregate marks (45% for reserved category candidates).
The student cannot join the postgraduate MA program directly in the second year of the MA after completing the MBA.
Universities generally expect students to begin the first year of a masters' program even though they had qualifications at the level of a bachelor's degree. The university's curriculum along with the courses are planned to give an in-depth knowledge of the subjects.
But you could opt for:
Postgraduate Studies:
Research Career: In case research interests you, then you can pursue a Ph.D. in your specific interest.
Specialized Master's Programs: Find any specific master's course that supports the career goal.
Professional Certifications:
Make a professional certification in CFA, CA, or FRM to enhance the professional skills and better opportunities in the career field.
Job Entry via MBA
After gaining an MBA from a renowned institution, it's possible to get entry into the corporate world where the diversity in the career field is assured.
In the end, it would depend on what you would like and what you are particularly interested in. It will be better if you take a suggestion from your academic advisor or career counselor.
Hello Pratik,
If your family income exceeds 8 LPA, it will affect your eligibility for the NC-OBC category under the CAT reservation rules. The NC-OBC category requires that the family income should be below 8 LPA to qualify. If you anticipate that your income will exceed this threshold, you should update your status and notify the CAT authorities .
Here's what you can do:
Email the CAT authorities
: Inform them about the potential change in your income status and request to be considered under the
General
category, if applicable. You should do this before the examination or any further processing, as your eligibility for the OBC category depends on the income criteria.
Documents and Proof
: Make sure you have a valid
OBC certificate
and any relevant documentation regarding your family income, in case they require verification. Also, be aware that if your income exceeds 8 LPA, you might need to apply under the
General
category, as the OBC-NC reservation is no longer applicable.
General Category Consideration : If your application is accepted as General, you will be evaluated based on the General category criteria, including cutoffs and ranking.
To summarize, notifying the CAT authorities is the correct approach to avoid discrepancies later, and if your income is above the threshold, you will be treated as a General candidate for the admissions process.
For more details about CAT exam you can check out an article by Careers360 whose link is given below:
Link: https://bschool.careers360.com/exams/cat
I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.
Thank you and wishing you all the best for your bright future.
Hi Shreya ,
Having a tattoo on your wrist should not create a problem during the CAT exam as long as it does not contain any content that violates exam rules , such as communication-related symbols , unauthorised messages or any text resembling formulas or answers .
For a safe side , it is recommended :
1. Inform the Invigilators : Let them know about your tattoo during the identification check , so there are no misunderstandings .
2. Follow the Guidelines : Ensure you follow all instructions regarding permissible items and dress code on the exam day .
Hope this helps you .
ALL THE BEST .
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Hello,
Yes, you can also join IIMs two years after graduation, depending upon the justification in interviews and your performance in entrance exams. If you are not sure about CAT, try those other management exams less hard:
Common Management Admission Test: Easier than CAT; 4-5 months of continuous preparation will suffice.
MAT : Much easier and takes place thrice a year.
SNAP (Symbiosis National Aptitude Test): A bit easier than CAT, apt for Symbiosis Institutes.
Xavier Aptitude Test or XAT : Hence, easier than CAT but the unique decision-making section.
Use exams like CMAT and MAT as a challenge to be competitively prepared. This can be given about 4-5 months, along with a few rounds of mock tests and smart studying.
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