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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.
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.
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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.
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).
CAT ( Common Addmission Test ) is for those students who want to study MBA or other post-graduation program in mangement field. Who have Bachelor's degree with minimum 50% recognised university can apply for CAT .final year graduation students are also eligible to apply for CAT exam .
The CAT exam for mainly those students who want to study MBA or other business related courses.This exam is an entrance exam for getting admission into top mangement colleges.the exam tests skills like English,Maths and logical thinking. CAT exam is important because scoring well in CAT it's helps to students get into best college .
If there's a slight variation in your name between your government ID and school marksheets, it's best to use the name exactly as it appears on your 10th or 12th marksheet while filling out the CAT form, since academic records are the primary documents used for verification during admission. However, ensure that the variation isn’t too major if it is, you might consider getting an affidavit or correction done in the future. For now, stay consistent with your academic records to avoid any mismatch during document verification after the exam.
With a CAT rank of 5419, your percentile is around 95 to 97. This means you may not get into the top IIMs like Ahmedabad, Bangalore, or Calcutta, because they usually take students above 98 or 99 percentile. But you still have good chances at newer IIMs and other top MBA colleges.
You can get admission into IIMs like Amritsar, Raipur, Jammu, Udaipur, and Bodh Gaya. These IIMs accept students with lower percentiles, usually between 90 and 94.
Apart from IIMs, you can also get colleges like MDI Gurugram, IMI Delhi, Great Lakes Chennai, and maybe even FMS Delhi or JBIMS Mumbai depending on your category and performance in interview rounds.
You should now start preparing for the interview, group discussions, and written tests that most colleges will conduct after shortlisting you based on your CAT rank.
Here are websites you can check for cut-off and admission details:
https://www.imsindia.com/blog/cat-cutoff/
Hello Sahitya
For FMS Delhi, your percentile should be 99%+ and it should be 99.5%+ to be on the safer side.
Now coming to the academics:
1. 10th marks: 75%+ are given 10 out of 10
2. 12th marks: 75%+ are given 10 out of 10
3. Graduation marks: FMS doesn't considers graduation marks for screening.
So if you have 75%+ in both 10th and 12th, you will get full marks in academic score.
To know more about FMS: FMS
Hope this answer helps! Thank You!!!
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