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    Amex, ICICI, HDFC, Barclays hire MBA in BFSI Grads from these Colleges in India

    Amex, ICICI, HDFC, Barclays hire MBA in BFSI Grads from these Colleges in India

    Updated on 13 Sep 2024, 03:41 PM IST

    The BFSI (Banking, Financial Services, and Insurance) sector is rapidly growing. Top companies like HDFC Bank, ICICI Bank, American Express, and Kotak Mahindra often turn to top MBA colleges in India to hire fresh graduates trained to develop the expertise, strategic thinking, and leadership skills required to excel in this field. This article collates the list of best MBA in BFSI colleges in India from where BFSI leaders have been hiring. This list has been compiled based on the official placement brochures and college communications.

    Amex, ICICI, HDFC, Barclays hire MBA in BFSI Grads from these Colleges in India
    Amex, ICICI, HDFC, Barclays hire MBA in BFSI Grads from these Colleges in India

    MBA Placements: Top BFSI Companies hiring from IIMs, IITs & other colleges

    Last year, BFSI companies hired a total of 127 candidates from all the IIMs combined. A total of 355 candidates from other top MBA colleges for different roles across the BFSI sector. Below are the highlights of last year’s MBA in BFSI placement where companies Amex, ICICI, HDFC, and Barclays hire fresh talent.

    • ICICI Bank: Hired 14 candidates from different IIMs and 40 candidates from other top MBA colleges during the placement drive for the batch 2022-2024.

    • American Express: Amex has its operations in almost every metropolitan city of India. A total of 6 candidates from various IIMs were hired in the BFSI sector last year.

    • Axis Bank: It hired a total of 13 candidates across IIMs and 25 from other MBA colleges.

    • HDFC Bank: HDFC surprisingly hired only 6 candidates from the IIMs and 34 from other MBA institutes.

    • HSBC: HSBC was in the first position jointly with the ICICI Bank in hiring candidates from IIMs. Just like ICICI Bank, HSBC also hired 14 candidates from the different IIMs and 16 candidates were hired from other top MBA colleges in India.

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    MBA in BFSI Placement: No. of candidates recruited by Amex, ICICI, HDFC, Barclays

    Check out the list of companies and the number of candidates they hired across IIMs as well as other colleges in the table below.

    Company Name

    Candidates hired from IIT/IIM

    Candidates hired from other colleges

    Total Candidates Hired

    ICICI Bank

    14

    40

    54

    HDFC Bank

    6

    34

    40

    Axis Bank

    13

    25

    38

    HSBC

    14

    16

    30

    Kotak Mahindra Bank

    7

    16

    23

    American Express

    6

    12

    18

    Godrej Capital Limited

    0

    2

    2

    IDFC First Bank

    6

    10

    16

    Barclays

    3

    12

    15

    IDBI Bank

    7

    13

    20

    MBA Placement: BFSI Companies hiring across IIMs and IITs

    Here’s the list of IIMs and IITs from where HDFC Bank, SBI, Barclays, ICICI Bank, and American Express have been hiring fresh MBA BFSI graduates.

    Name of the Institute

    Hiring Company

    Median Salary

    Indian Institute of Management Ranchi

    Aditya Birla Capital, American Express, Axis Bank, Jio Financial Services, Kotak Mahindra Bank, Mahindra Finance

    1650000

    Indian Institute of Management Udaipur

    Aditya Birla Capital, Kotak Mahindra Bank

    1853244

    Indian Institute of Management Jammu

    Aditya Birla Capital, ICICI Bank, IDBI Bank

    1525000

    Indian Institute of Management Sambalpur

    Aditya Birla Capital, HDFC Bank, IDBI Bank

    1600000

    Indian Institute of Management Kozhikode

    Ambit Capital, American Express, Axis Bank, Bajaj Finserv, HSBC, Lodha Capital Markets

    2700000

    Indian Institute of Management Ahmedabad

    American Express, Bank of America, Citi Bank, HSBC, Kotak Mahindra Bank,

    3100000

    Indian Institute of Management Bangalore

    American Express

    3300000

    Indian Institute of Management Mumbai

    American Express, Axis Bank, HDFC Bank, HSBC, Kotak Mahindra Bank

    3200000

    Indian Institute of Technology Kanpur

    American Express, HSBC

    1725000

    Indian Institute of Management Visakhapatnam

    AU Small Finance Bank, Bajaj Finserv, ICICI Bank, IDFC

    1600000

    Indian Institute of Management Bodh Gaya

    AU Small Finance Bank, IDBI Bank, RBL Bank

    1550000

    Indian Institute of Management Calcutta

    Avendus Capital, Citi Bank, Standard Chartered, HSBC

    3367000

    Indian Institute of Technology Bombay

    Axis Bank, ICICI Bank, IDFC

    2664000

    Indian Institute of Management Rohtak

    Axis Bank, Barclays, IDFC

    1873972

    Indian Institute of Management Kashipur

    Axis Bank, Bank of America, ICICI Bank, Tata Capital, Yes Bank

    1720000

    Indian Institute of Management Tiruchirappalli

    Axis Bank, BNY Mellon

    1860000

    Indian Institute of Management Nagpur

    Axis Bank, Bandhan Bank, BNY Mellon, IDBI Bank, RBL Bank

    1685000

    Indian Institute of Management Raipur

    Bank of America, Standard Chartered

    2000000

    Indian Institute of Technology Roorkee

    Bank Of America, Barclays, ICICI Bank

    1809000

    Indian Institute of Technology Kharagpur

    Barclays, Deutsche Bank, Standard Chartered

    2450000

    Indian Institute of Management Amritsar

    HDFC Bank, IDBI Bank, SBI Capital, TATA Capital, Yes Bank

    1594000

    Indian Institute of Management Sirmaur

    HDFC Bank, SBI Capital

    1261000

    Indian Institute of Technology Delhi

    ICICI Bank, Yes Bank

    2445000

    Indian Institute of Management Shillong

    ICICI Bank, IIFL, Standard Chartered

    2609000

    Indian Institute of Management Indore

    IDFC

    2470000

    Indian Institute of Management Lucknow

    IndusInd Bank

    3000000

    Indian Institute of Technology Madras

    Standard Chartered

    2045668

    MBA Placement: BFSI Companies Hiring across Other MBA Colleges in India

    Check out the list of other MBA colleges in India from where the BFSI leaders prefer hiring MBAs.

    Name of the Institute

    Hiring Company

    Median Salary

    Great Lakes Institute of Management, Chennai

    Aditya Birla Capital

    1450000

    Goa Institute of Management, Goa

    Aditya Birla Capital

    1500000

    Lovely Professional University, Phagwara

    Aditya Birla Capital

    850000

    ICFAI Foundation for Higher Education, Hyderabad

    Aditya Birla Capital

    1000000

    Jagan Institute of Management Studies, Rohini, Delhi

    ak capital

    830000

    Aligarh Muslim University, Aligarh

    Allahabad Bank

    526000

    Chandragupt Institute of Management, Patna

    Allahabad Bank

    829000

    XLRI-Xavier School of Management, Jamshedpur

    American Express

    3024000

    SPJIMR, Mumbai

    American Express

    3200000

    Narsee Monjee Institute of Management Studies, Mumbai

    American Express

    2135000

    XIM University, Bhubaneswar

    American Express

    1925000

    Aligarh Muslim University, Aligarh

    American Express

    526000

    Alliance University, Bangalore

    American Express

    920000

    Atal Bihari Vajpayee Indian Institute of Information Technology and Management Gwalior

    American Express

    825000

    Jagan Institute of Management Studies, Rohini, Delhi

    American Express

    830000

    Panjab University, Chandigarh

    American Express

    1241918

    Chandigarh School of Business, Jhanjeri

    American Express

    700000

    Shoolini University of Biotechnology and Management Sciences, Solan

    American Express

    750000

    Jagan Institute of Management Studies, Rohini, Delhi

    ANZ Bank

    830000

    ICFAI Foundation for Higher Education, Hyderabad

    Arka Fincap

    1000000

    Amity University, Noida

    AU Small Finance Bank

    600000

    MICA, Ahmedabad

    AU Small Finance Bank

    1900000

    Kalinga Institute of Industrial Technology, Bhubaneswar

    AVANASE FINANCIAL SERVICES

    700000

    SPJIMR, Mumbai

    Axis Bank

    3200000

    Narsee Monjee Institute of Management Studies, Mumbai

    Axis Bank

    2135000

    Jamia Millia Islamia, New Delhi

    Axis Bank

    1020000

    Institute of Management Technology, Ghaziabad

    Axis Bank

    1600000

    ICFAI Foundation for Higher Education, Hyderabad

    Axis Bank

    1000000

    Institute of Rural Management, Anand

    Axis Bank

    1500000

    FORE School of Management, Delhi

    Axis Bank

    1410000

    Nirma University, Ahmedabad

    Axis Bank

    1100000

    Christ University, Bangalore

    Axis Bank

    912000

    Siksha 'O' Anusandhan, Bhubaneswar

    Axis Bank

    480000

    Aligarh Muslim University, Aligarh

    Axis Bank

    526000

    Manipal University, Jaipur

    Axis Bank

    725102

    Thiagarajar School of Management, Thirupparankundram

    Axis Bank

    600000

    BML Munjal University, Gurgaon

    Axis Bank

    785000

    Jagan Institute of Management Studies, Rohini, Delhi

    Axis Bank

    830000

    National Institute of Bank Management, Pune

    Axis Bank

    1500000

    Rajagiri Business School, Kochi

    Axis Bank

    450000

    Galgotias University, Greater Noida

    Axis Bank

    525000

    KREA University, Sri City

    Axis Bank

    1020000

    National Institute of Technology Warangal

    Axis Bank

    720000

    Amity University, Gurugram

    Axis Bank

    480000

    Bharati Vidyapeeth's Institute of Management and Entrepreneurship Development, Pune

    Axis Bank

    765000

    Chandigarh School of Business, Jhanjeri

    Axis Bank

    700000

    Chandragupt Institute of Management, Patna

    Axis Bank

    829000

    Lal Bahadur Shastri Institute of Management, Delhi

    Axis Bank

    1140000

    Birla Institute of Management Technology, Greater Noida

    Bajaj Finance

    1100000

    ICFAI Foundation for Higher Education, Hyderabad

    Bajaj Finserv

    1000000

    Check out:

    CAT 2025 College Predictor
    Use CAT 2025 College Predictor to check your chances for IIM and top MBA calls based on CAT percentile, profile, work experience and cut-off trends.
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    Top IIMs Placement Report

    MBA in BFSI: Top Job Roles Offered at SBI, Kotak, ICICI, HDFC, Barclays

    The BFSI companies hire candidates for different job profiles listed below.

    • Investment Banker: Careers in merger and acquisition, underwriting, and advisory services.

    • Credit Analyst: Evaluating the creditworthiness of organizations and individuals to determine their ability to meet financial obligations.

    • Retail Banking: Serves as relationship managers, branch managers, and customer service executives.

    • Financial Analyst: Roles like financial analysts and planners who help individuals or companies with investment strategies and financial planning.

    • Corporate Banking: Roles in corporate lending, credit analysis, and relationship management.

    • Product Management: Responsible for developing financial products and services for customers, especially in fintech firms.

    • Regulatory Affairs: Understanding of industry regulations and compliance requirements.

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    Frequently Asked Questions (FAQs)

    Q: Does SBI hire from IIM?
    A:

    SBI Capital hired 2 candidates from IIM this year. No candidates were hired from the colleges other than IIMs for any roles/positions.

    Q: Which BFSI companies hire from IIM?
    A:

    BFSI companies like American Express, HDFC Bank, ICICI Bank, IDBI Bank, Standard Chartered, Barclays, Kotak Mahindra Bank, etc hire candidates from IIM as well as non-IIMs. The BFSI companies hire for different roles like investment banker, risk manager, credit analyst, and product manager.

    Q: What is the average salary of IIM?
    A:

    The average salary of IIM is between Rs. 16 to 35 lakhs per annum. The average package of IIM varies from one IIM to another. The median package of IIM is somewhere around Rs. 25 lakhs per annum.

    Q: Do investment banks hire from IIMs?
    A:

    Investment Banks do hire candidates from different IIMs across the country. Firms like JP Morgan, and Morgan Stanley frequently visit IIMs for on-campus recruitments. Various BFSI companies also recruit IIM students for investment banking roles.

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