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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.
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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.
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 |
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 |
Aditya Birla Capital, American Express, Axis Bank, Jio Financial Services, Kotak Mahindra Bank, Mahindra Finance | 1650000 | |
Aditya Birla Capital, Kotak Mahindra Bank | 1853244 | |
Aditya Birla Capital, ICICI Bank, IDBI Bank | 1525000 | |
Aditya Birla Capital, HDFC Bank, IDBI Bank | 1600000 | |
Ambit Capital, American Express, Axis Bank, Bajaj Finserv, HSBC, Lodha Capital Markets | 2700000 | |
American Express, Bank of America, Citi Bank, HSBC, Kotak Mahindra Bank, | 3100000 | |
American Express | 3300000 | |
American Express, Axis Bank, HDFC Bank, HSBC, Kotak Mahindra Bank | 3200000 | |
American Express, HSBC | 1725000 | |
AU Small Finance Bank, Bajaj Finserv, ICICI Bank, IDFC | 1600000 | |
AU Small Finance Bank, IDBI Bank, RBL Bank | 1550000 | |
Avendus Capital, Citi Bank, Standard Chartered, HSBC | 3367000 | |
Axis Bank, ICICI Bank, IDFC | 2664000 | |
Axis Bank, Barclays, IDFC | 1873972 | |
Axis Bank, Bank of America, ICICI Bank, Tata Capital, Yes Bank | 1720000 | |
Axis Bank, BNY Mellon | 1860000 | |
Axis Bank, Bandhan Bank, BNY Mellon, IDBI Bank, RBL Bank | 1685000 | |
Bank of America, Standard Chartered | 2000000 | |
Bank Of America, Barclays, ICICI Bank | 1809000 | |
Barclays, Deutsche Bank, Standard Chartered | 2450000 | |
HDFC Bank, IDBI Bank, SBI Capital, TATA Capital, Yes Bank | 1594000 | |
HDFC Bank, SBI Capital | 1261000 | |
ICICI Bank, Yes Bank | 2445000 | |
ICICI Bank, IIFL, Standard Chartered | 2609000 | |
IDFC | 2470000 | |
IndusInd Bank | 3000000 | |
Standard Chartered | 2045668 |
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 |
Aditya Birla Capital | 1450000 | |
Aditya Birla Capital | 1500000 | |
Aditya Birla Capital | 850000 | |
Aditya Birla Capital | 1000000 | |
ak capital | 830000 | |
Allahabad Bank | 526000 | |
Allahabad Bank | 829000 | |
American Express | 3024000 | |
American Express | 3200000 | |
American Express | 2135000 | |
American Express | 1925000 | |
Aligarh Muslim University, Aligarh | American Express | 526000 |
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 |
American Express | 1241918 | |
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 |
AU Small Finance Bank | 600000 | |
AU Small Finance Bank | 1900000 | |
AVANASE FINANCIAL SERVICES | 700000 | |
SPJIMR, Mumbai | Axis Bank | 3200000 |
Narsee Monjee Institute of Management Studies, Mumbai | Axis Bank | 2135000 |
Axis Bank | 1020000 | |
Axis Bank | 1600000 | |
ICFAI Foundation for Higher Education, Hyderabad | Axis Bank | 1000000 |
Axis Bank | 1500000 | |
Axis Bank | 1410000 | |
Axis Bank | 1100000 | |
Axis Bank | 912000 | |
Axis Bank | 480000 | |
Aligarh Muslim University, Aligarh | Axis Bank | 526000 |
Axis Bank | 725102 | |
Axis Bank | 600000 | |
Axis Bank | 785000 | |
Jagan Institute of Management Studies, Rohini, Delhi | Axis Bank | 830000 |
Axis Bank | 1500000 | |
Axis Bank | 450000 | |
Axis Bank | 525000 | |
Axis Bank | 1020000 | |
Axis Bank | 720000 | |
Axis Bank | 480000 | |
Bharati Vidyapeeth's Institute of Management and Entrepreneurship Development, Pune | Axis Bank | 765000 |
Axis Bank | 700000 | |
Axis Bank | 829000 | |
Axis Bank | 1140000 | |
Bajaj Finance | 1100000 | |
ICFAI Foundation for Higher Education, Hyderabad | Bajaj Finserv | 1000000 |
Check out:
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.
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.
SBI Capital hired 2 candidates from IIM this year. No candidates were hired from the colleges other than IIMs for any roles/positions.
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.
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.
Hello Sneha
You will be allowed to use a basic on screen calculator only in CAT exam.
You will not be allowed to take a physical calculator inside the examination hall which means you are not allowed to bring your personal calculator.
This is as per the policy based on the premise that the CAT examines ones Ability to answer complicated questions .
One should be able to perform quick mental calculations and mathematical problems .
Only for intensive calculations you must use the calculator.
A CAT percentile of 90 or above can strengthen your application to MICA, it is not the only factor that determines admission.MICA considers scores of CAT and MICAT which are weighted 50–50 percent for the interview call.
Strong performance in the Pshycometric test and descriptive writing increase your chances to get into mica even if you score 80 percentile.the admission is based upon whole performance including every marks.
ALL the best!!!!
Hello,
Here you can get study material for CAT :
https://bschool.careers360.com/download/ebooks/cat-quantitative-aptitude-questions-answers-pdf
Hope it helps !
Hello aspirant,
A timetable is essential if you are preparing for the CAT in addition to your college coursework. It will give you an idea of how long it will take you to finish your syllabus and then set aside the appropriate amount of time for revision and mock exams. Without a set timetable, you risk taking your time and not completing your preparation as thoroughly as is necessary.
Thank you
Hope it helps you.
Hello Nikita,
To get into any of the top IIMs, such as IIM Ahmedabad, Bangalore, Calcutta, Lucknow, Kozhikode, or Indore, a good percentile in CAT is required, although academics play a vital role too. Let's break it down below:
CAT Score: 98+ percentile is an excellent score and makes one competitive.
Academic Scores:
Your 10th score at 84% is quite good.
A 12th score of 65% is on the lower side, which might hamper your chances at some of the top IIMs since they give weightage to past academic performance.
IIM Selection Criteria:
Every IIM has its own weightage for the scores of academics, CAT percentile, work experience, if any, and diversity.
For example, IIM Ahmedabad requires consistent academic records, while IIM Bangalore puts the strongest focus on work experience and diversified profiles.
Graduation: You are currently pursuing graduation, and your performance during that will also be considered in the shortlisting process.
While your CAT score is going to be the major pointer, your academic record-doing in class 12-is going to affect your prospects a bit at IIMs that place significant emphasis on your past performance. Still, you will have a healthy shot, at least at institutes like Lucknow, Kozhikode, and Indore, where a good score in CAT may offset lower marks in academics.
If you have diverse profiled extracurricular activities, leadership roles etc, or work experience, then it can build up your application further.
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