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

Ongoing Event

CAT Application Date:01 Aug' 25 - 13 Sep' 25

Team Careers360Updated 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

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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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Questions related to CAT

On Question asked by student community

Have a question related to CAT ?

Yes, you can fill the CAT form even if you currently have a backlog. CAT eligibility requires you to be in your final year of graduation or already graduated backlogs don’t stop you from applying.

While filling the form:

  • Enter the aggregate percentage/CGPA of marks you have obtained up to the latest semester for which results are declared (in your case till 4th semester).

  • There will be an option to mention that you have a backlog.

  • If you clear the backlog later, you’ll just need to show the updated marks during admission.

Hello Aspirant,

Yes, you can apply for the CAT exam as a final-year student. You must declare your backlog on the online application form. You do not write about it on the final-year student certificate; that document is to certify your enrollment status. You must clear all backlogs before the final admission process to any MBA college.

Hello,

Thank you for your question!

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CAT scores are valid in many private universities including KL University, but always check the year’s admission notification.

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Hello it will clear your doubt!

Hello Aspirant,

  1. I saw a cat. The cat found an old map inside a drawer of the king's palace.

Here's why:

  • "a cat": It's the first time we mention the cat, so it's indefinite.

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Sample paper of DILR: CAT Sample Paper (DILR) by CAREERS360

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