Top MBA Colleges in Banking And Insurance in India 25-2026 - Fees, Admissions, Placements, Career Scope

What is MBA in Banking and Insurance?

MBA Banking and Insurance is a 2 year postgraduate program. It is designed to seek leadership roles in the financial services sector. You will get knowledge of banking operations, insurance policies, risk management, investment planning, and financial regulations. The program also covers marketing, human resources, and strategy. It helps you understand how banks and insurance companies work.

With practical case studies, internships and projects, students develop decision-making skills specific to banking and insurance. The Banking and Insurance career in India includes various roles. You can become a Bank Manager, Insurance Manager, Financial Analyst, Risk Consultant, or Relationship Manager. This MBA is suitable for students who are interested in these roles.

Why Choose MBA in Banking and Insurance in India 2026?

India’s financial sector is growing faster than ever. Top banking and insurance companies in India have a great demand for professionals who can manage banking and insurance efficiently. An MBA in banking and insurance makes you ready for an evolving market. Take a look at the benefits of doing an MBA in banking and insurance:

• Real world exposure – Students work on live projects, case studies of insurance, and internship programs. You will be provided with the majority of industry challenges.
• Learning technology – Majority of the companies rely on digital tools. You will learn to use financial tools, digital banking, platforms, and insurance analytics software.
• Essential skills - You will gain knowledge in portfolio management, credit evaluation, financial planning, insurance regulations, and customer management.
• Variety of career options – If you graduate from MBA in banking and insurance colleges, there are a variety of career options for you. Bank Managers, Insurance Analysts, Risk Consultants, Financial Advisors, or Relationship Managers are few amongst them.
• High growth and salary – With the rise of fintech, AI power insurance and digitalisation of banking, professionals are offered competitive pay. There is also great growth in the finance career.
• Networking opportunities – You will get access to alumni and industry experts. This ensures that you get guidance for career planning and opportunities in top companies.

Top MBA Colleges for Banking and Insurance in India 2026: NIRF Ranking

As India’s finance sector is growing, many NIRF ranked MBA insurance and banking colleges are getting popular. These colleges stand out for their structured syllabus, updated education, and strong partnership with banks and other insurance companies. Since NIRF checks colleges on several factors, you can rely on these rankings. The ranking is based on quality of education, faculty expertise, and performance in placements.

MBA colleges according to nirf ranking offer roles in retail banking, risk modelling, insurance operations, and fintech solutions. Colleges like IMI Delhi, IPE Hyderabad, Pondicherry University, and BIT Mesra have secured a good position in the NIRF list. with practical exposure and strong ties with professionals, BIT Mesra have secured 77th NIRF management ranking 2026. If you graduate from these colleges, then you can have a strong career in financial services.

Eligibility Criteria for MBA in Banking and Insurance in India 2026

The banking and insurance MBA is a popular specialisation in 2025. Its eligibility structure is designed to select candidates who can handle subjects like services, banking, operations, insurance, risk, and regulatory compliance. To make sure students can adapt to the mix of technical and business knowledge, colleges set eligibility requirements. The best insurance MBA programs check students based on their academic background, exam performance, group discussion, and personal interview round. Below are the detailed MBA insurance eligibility requirements for you:

Academic background 

• You must have a recognised bachelor's degree in any stream. You can graduate from B.Com, BBA, BA, B.Sc, B.Tech, etc.
• You must have secured at least 50% marks in graduation.
• If you are in your final semester, you can also apply.

Entrance exams accepted 

• The top colleges for MBA admission accept several entrance exams. List of exams to get into mba program is provided here:
  • CAT
  • CMAT
  • MAT
  • XAT
  • SNAP
  • NMAT
  • IIFT
  • IBSAT
  • ATMA
  • TISSNET
  • TANCET
  • MAH CET
• These colleges check your skills like numerical reasoning, data interpretation, English, logic and general awareness. All these skills are essential for banking careers.

Selection round 

• Colleges conduct group discussions, personal rounds, and sometimes case study rounds. This is done to check your communication, problem-solving, and financial aptitude.

MBA in Banking and Insurance fees structure in India 2026

The MBA in banking and insurance have a wide fee range in India. It depends on the type of college and the facilities it offers. Every college offers different levels of industry, exposure, MBA banking and insurance syllabus, internships, and training modules. Insurance MBA programs in top colleges that include live projects with banks and insurance companies, usually have a fee structure ranging from Rs. 37 K to Rs. 7 Lakhs for a span of 2 years. There are some affordable options from a government university for MBA banking and insurance. Pondicherry University has its fee at Rs. 37 K. Despite their low fee, they still deliver strong academic value. Overall, the fee will depend on campus facilities, placements and industrial exposure.

MBA in Banking and Insurance Admission Process 2026

MBA in banking and insurance management admission follow a structured process. It is designed to find students with true potential. It admits students based on the entrance exam. The stepwise process is provided below:

Step 1: Look at the eligibility criteria

You need to get at least 50% in your graduation. You can apply from any UG background.

Step 2: Fill out the online application form

Go to the college's official website. Complete the application form and upload the required documents. You have to upload your graduation mark sheets, scorecard, ID card and photo.

Step 3: Entrance exam

The next step will require you to give an entrance test. Most of the colleges look at banking and insurance as high value MBA programs. Thus, achieving more than the cutoff scores is important.

Step 4: Selection Rounds

After you are shortlisted, you have to participate in GD - PI rounds. Through these rounds, colleges will check your financial interest, and analytical mindset.

Step 5: Preparation of Final Selection List

The final admission is calculated using the exam scorecard, academic marks, GD - PI performance and profile.

Step 6: Payment of Fee

After selection, you have to submit annual fees to complete the admission process.

Top Private MBA Colleges for Banking and Insurance in India 2026

When it comes to choosing MBA colleges, you will always get the list of the best private colleges for MBA in Finance and Insurance sectors. Few colleges are on top of the list because they provide a more industry connected environment for all students. Unlike many traditional courses, private colleges focus on practical training. They will help you in getting internship support and updated course modules. Matching the changing needs is very important in the banking sector. Therefore you will be trained via case studies, workshops, mock bank simulations, and interactive sessions with professionals.

ICFAI, IPE Hyderabad, and GIBS Business School are among the top colleges. They provide you with the benefit of the campus environment. Private colleges invest so much in labs, digital tools, and centres where you can practice what you learn. With a MBA in banking and insurance course fees structure ranging from Rs. 2 Lakhs to 7 Lakhs, these colleges also include training certifications.

Most of these institutes have strong placement connections. Banks such as HDFC Bank, ICICI Bank, Axis Bank, and insurance firms like LIC, TATA AIG are top recruiters.

Top Government MBA Colleges for Banking and Insurance in India 2026

Government colleges stand out because they offer an environment where you can learn through practical training and a structured program. The top government colleges for MBA in banking and insurance. They select candidates based on exam scores. It makes sure that classrooms have motivated and high-performing students. This in turn creates a competitive learning atmosphere that helps students grow faster.

Pondicherry University is considered the best university that provides MBA insurance and banking. It is a popular choice as it combines strong academics with extremely affordable fee options. If you choose a government college, you will benefit from several things. It focuses on learning that includes digital banking, risk assessment, financial markets, and insurance principles. Along with this, you will get to attend seminars conducted by RBI, professionals, bankers, and insurance experts.

The biggest advantage that comes with a government college is its affordability. These institutes will help you develop analytical and decision-making skills. Top recruiters visit campus every year because of their disciplined training, and strong quantitative foundation. If you’re looking for quality education, affordable fees and stable banking and insurance jobs then choose these government colleges.

MBA Banking and Insurance Colleges with Low fees in India 2026

There are many colleges and universities with insurance programs with low fees that offer exceptional value along with high placement support. Pondicherry University, AIMS Institute of Management Studies and BIT Mesra offer fees between Rs. 37 K to 2 Lakhs.

These cheapest MBA cost still provide quality academy training in banking laws, financial planning, and risk analysis. Many of these colleges also partner with public sector banks and insurance companies. These colleges will provide you with internship opportunities to make you industry ready.

Students always try to find top MBA programs with low tuition, so we’ve made the job easy. Check below the fee structure of MBA in banking and insurance colleges.

MBA Banking and Insurance College with High Placement in India 2026

There are several colleges providing high placement in banking and insurance for MBA graduates. It is possible because colleges focus on technical finance skills rather than only classroom learning. Colleges like BIT Mesra, Pondicherry University, and AIMS Institute of Management Studies offer structured learning in risk modelling, analytics and financial planning. Top colleges have strong connections with recruiters who hire for banking and insurance jobs. Recruiters include HDFC Bank, Accenture, EY, ICICI Bank, etc. Most students get placement offers starting from Rs. 5 Lakhs.

Career Scope and Jobs After MBA in Banking and Insurance in India 2026

There are plenty of career opportunities in banking finance and insurance in India. As technology continues to grow, the need for financial services is endless. You can build your career in corporate finance, investment decisions, and handling budgeting for companies. There are also roles in wealth management.

The banking and insurance job vacancy is bigger than ever. You can get banking and insurance govt jobs with an MBA, as many companies hire them for underwriting, claims analysis, and product design.

Here we have provided a list of careers in banking and insurance:

• Bank Manager
• Insurance Manager
• Financial Analyst
• Risk Consultant
• Relationship Manager
• Business Analyst
• Assistant Manager
• Cash Manager
• Asset Manager

Salary After MBA in Banking and Insurance in India

Students who graduated with an MBA in banking and insurance can get high salary insurance jobs. As the BFSI sector keeps on growing with digital banking, risk compliance, and new insurance products, freshers can expect high salaries too. The starting salary in the banking sector is Rs. 5 LPA. With experience when you reach mid-level roles like Risk Manager, Corporate Banker, and Wealth Advisor, you can earn between Rs. 10 LPA to Rs. 16 LPA. Banking and insurance course salary for senior profiles goes up to Rs. 70 LPA.

Companies prefer MBA graduates because they bring knowledge of banking laws, insurance policies, the financial market, and customer risk evaluation.

Top recruiters hiring MBA Banking and Insurance Graduates

Banks and insurance companies increased employment opportunities for women in 2026. Companies across banking, insurance, consulting and fintech are expanding their teams and hiring trained professionals. They focus on hiring students who can manage risk, analyse financial data and support finance operations. If you graduate from MBA in banking and insurance services then there are high chances of you getting higher packages and fast career growth. Many global companies hire directly from top MBA campuses.

Here banks and insurance companies are examples of top recruiters:

• Goldman Sachs
• Accenture
• ICICI Bank
• HDFC Bank
• Tata Capital
• Kotak Mahindra Bank
• State Bank of India
• Axis Bank
• KPMG
• Kotak Life Insurance
• Aditya Birla Capital
• Paytm
• Infosys
• Capgemini
• EY

List of Top 55 MBA Colleges Banking And Insurance in India

NIIT University

Alwar, Rajasthan | Ratings:

Established : 2009 | Accredited/Approved : UGC

>> Master of Business Administration

Fees : Rs. 1053100

• What is the eligibility for NIIT integrated MBA?

The candidate aiming to pursue an MBA at NIIT shall have scored a minimum score of 50% in 10th grade and 50% in 12th grade.

Courses & Fees

Placement

Admission

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Jaipur National University

Jaipur, Rajasthan | Ratings:

Established : 2007 | Accredited/Approved : NAAC

>> Master of Business Administration

Fees : Rs. 110000

• Can I get direct admission in JNU Jaipur?

No, JNU Jaipur accepts MBA admissions only based on the score of National-level entrance exams such as CAT/ MAT/ XAT/ CMAT.

Courses & Fees

Admission

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Cutoff

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Krupanidhi School of Management

Bangalore, Karnataka | Ratings:

Established : 2008 | Accredited/Approved : AICTE / ISO 9001 - 2008 Certified

>> Master of Business Administration

Fees : Rs. 495000

• What will be the Krupanidhi School of Management cut-off for the MBA program?

The CAT cut-off for acceptance to the MBA program at Krupanidhi Management School is 40. 

Courses & Fees

Admission

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Koshys B-School

Bangalore, Karnataka | Ratings:

Established : 2003 | Accredited/Approved : AICTE

>> Master of Business Administration

Fees : Rs. 450000

• What are the fees for MBA at Koshys College Bangalore?

Koshy's B-School MBA fee structure is INR 4.33 lakhs for the complete program.

Courses & Fees

Admission

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GIBS Business School

Bangalore, Karnataka | Ratings:

Established : 2001 | Accredited/Approved : AICTE, UGC

• GIBS Bangalore MBA Eligibility

Courses & Fees

Placement

Admission

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Zeal College of Engineering and Research Narhe

Pune, Maharashtra | Ratings:

Established : 2007 | Accredited/Approved : AICTE

>> Master of Business Administration

Fees : Rs. 171846

• How much is the fee structure for MBA in ZCOER?

Zeal College MBA fees are INR 1.67 lakhs per annum.

Courses & Fees

Admission

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Sathyabama University Chennai

Chennai, Tamil Nadu | Ratings:

Established : 1987 | Accredited/Approved : UGC

>> Master of Business Administration

Fees : Rs. 260000

• May I know the fees and admission details?

Sathyabam University MBA fees is approx INR 4 Lakhs for the entire two years. To be eligible for Admission, you shall have finished a bachelor's degree with above 50%. In addition, you shall ha

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Suryadatta Institute Of Business Management & Technology

Pune, Maharashtra | Ratings:

Established : 1999 | Accredited/Approved : AICTE

>> Master of Business Administration

Fees : Rs. 350000

• What are the selection criteria for the MBA program at SIBMT?

SIBMT accepts graduation with MAHCET scores to qualify for the MBA program. The accepted cut-off score in MAHCET is 24.5. 

Courses & Fees

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Versatile Business School

Chennai, Tamil Nadu | Ratings:

Established : 2009

>> Master of Business Administration

Fees : Rs. 268600

• Please tell me the course fee of MBA Finance at Versatile Business School?

Fee structure of MBA Finance at Versatile Business School is around INR 2.7 Lakhs for the complete 2 years of program.

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MS Ramaiah Institute of Management

Bangalore, Karnataka | Ratings:

Established : 1995 | Accredited/Approved : AICTE

>> Master of Business Administration

Fees : Rs. 520000

• What is the fees for an MBA at Ramaiah College?

MS Ramaiah Institute of Management MBA/PGDM fees is approx. INR 4.1 Lakhs on an annual basis. 

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FAQs

1. Which are some MBA in Banking and Insurance colleges in Mumbai?

There are some well-known options in Mumbai for banking and insurance MBA programs. H.R. College of Commerce and Economics and Xavier Institute of Management and Research are popular colleges.

2. What is the post MBA Investment Banking salary?

After completing an MBA, my investment bank can be from Rs. 9 LPA to Rs. 10 LPA.

3. What is the J.P. Morgan Investment Banking Analyst salary?

The Banking Analyst salary usually ranges between Rs. 12 - 20 LPA. With experience, there are chances that you can earn more.

4. What is the scope of an MBA in Banking and Insurance?

You can get into many roles after graduating from an MBA in banking and insurance. You can choose roles like financial analyst, risk manager, investment banker, and relationship manager at top companies.

5. What is the difference between finance and insurance institutions?

The College of MBA in Finance focuses on investment across all industries. An MBA in banking and insurance, specializing in claim management, risk evaluation and protecting businesses from financial risks.

6. What is the salary of a Master's in Banking and Insurance?

The salary after a master's in banking and insurance depends on the job role. Freshers can start their earnings from around Rs. 6 LPA. Senior rules such as a risk manager can own up to Rs. 70 LPA.

7. Is banking and insurance a good career?

Yes, an MBA in banking and insurance is considered a good career option. Provides stable jobs, career, growth, and opportunities in various fields.

8. What is the highest paid job in insurance?

The highest paying jobs in the insurance industry include underwriting, manager and insurance broker. There are some other management roles like financial analyst and risk manager who get high conversation.