Investment bankers are financial experts responsible for raising capital for corporations, governments, and financial institutions, providing advisory services, and assisting in mergers and acquisitions. Investment banker courses in Mumbai are available in various forms, from degrees offered in colleges to certifications provided by Institutes.
Some of Mumbai's top investment banking colleges include SJMSOM IIT Bombay, ranked 10th by NIRF Management Rankings, and Thadomal Shahani Centre for Management, ranked among the top 3 by Outlook India Management Rankings.
Mumbai's most popular degree courses for investment banking are BBA and MBA in Banking and Finance, BSc (Finance), and BCom. There are certifications and diplomas for investment banking, and the popular ones include a post-graduate diploma in management (PGDM) and a certified program in investment banking operations. The average cost for banking courses can range from INR 50,000 to INR 20,00,000, depending on the type of course.
The average salary of an investment banker in India is around INR 18 LPA. The top recruiters in this profession include Goldman Sachs, HDFC Bank, Barclays, etc. Also Check:Job of an Investment Banker
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Top Investment Banker Colleges in Mumbai
Investment Banking as a job requires solid knowledge of finance and banking. Some top colleges in Mumbai offer courses to equip students with sufficient skill sets required for an investment banker job profile. The investment banker colleges, as ranked by NIRF Management Rankings and Outlook India rankings, are given in the table below:
| College Name | Courses Offered | Course Fees |
|---|---|---|
| National Institute of Industrial Engineering | MBA- Finance and Banking | 15,00,000 |
| SJMSOM ( IIT Bombay) | MBA with specialization in Finance and Operation Management | 3,63,100 |
| S.P. Jain Institute of Management & Research | Post-graduate Diploma in Management | 20,42,000 |
| SVKM's Narsee Monesjee Institute of Management Studies | BSc in Finance | 9,75,000 |
| KJ Somaiya Institute of Management Studies & Research | MBA Finance | 19,94,900 |
Also Check: Investment Banking Courses in India
Top Investment Banker Institutes in Mumbai
Apart from pursuing a course in a formal set-up of a college/university in Mumbai, students can also opt for Institutes that directly train one in Investment Banking within a significantly shorter duration. The institutes offering programs suitable for Investment Banking are given in the table below:
| Institute Name | Courses Offered | Course Fees (INR) |
|---|---|---|
| Imarticus Learning | Certified Investment Banking Operations Professional | 1,40,000 |
| Executive Program in Investment Banking and Capital Markets | 4,64,325 | |
| Edubridge | Certification Program in Investment Banking Operations | 45,000 |
| Advanced Certification Program in Investment Banking Operations | 69,000 |
Also Check:MBA in Finance & Investment Banking
Investment Banker Degree Courses in Mumbai
A student can pursue a variety of courses to become an investment banker. However several degrees impart the know-how of investment banking comprehensively. The table given below contains a list of UG and PG Courses in Mumbai for investment banking along with the details of Colleges/Institutes offering them:
| Course | College/Institute | Duration | Course Fees (INR) |
|---|---|---|---|
| SVKM's Narsee Monesjee Institute of Management Studies | BCom (Hons.) | 3 years | 6,75,000 |
| BSc in Finance | 3 years | 10,50,000 | |
| KJ Somaiya Institute of Management Studies & Research | MBA Finance | 2 years | 19,94,900 |
| Amity University | BBA - Banking & Finance | 3 years | 1,15,000 (for the first year) |
| AIMS, Mumbai | Master in Financial Management | 3 years | 1,91,670 |
| Master in Management Studies Finance | 2 years | 4,30,000 |
Also Check: BCom Investment Management Course
Diploma/Certificate Investment Banker Courses in Mumbai
Since investment banking courses form part of professional education and come with a definite job prospect, obtaining a diploma/certification is expedient, which costs less time, or has lower eligibility standards. The diplomas/certifications being offered in Mumbai for Investment Banking and the educational institutes providing them are given in the table below:
| Course | College/Institute | Duration | Course Fees(INR) |
|---|---|---|---|
| National Institute of Industrial Engineering | Post-graduate Diploma in Industrial Management | 2 years | 14,63,000 |
| S.P. Jain Institute of Management & Research | Post-graduate Diploma in Management | 2 years | 20,42,000 |
| Edubridge | Certification Program in Investment Banking Operations | 326 hours | 45,000 |
| Thadomal Sahani Centre for Management | Advanced Certification Program in Investment Banking Operations | 326 hours | 69,000 |
| Valia School of Management | PGDM - Banking & Financial Management | 2 years | 5,00,000 |
Also Check: Diploma in Banking and Finance Course
Salary of an Investment Banker in Mumbai
The table given below contains the details of top recruiters, job titles, and average annual salaries associated with investment banking in India:
| Recruiters | Job Positions | Average Salary (INR) |
|---|---|---|
| Goldman Sachs, JP Morgan Chase & Co, Accenture | Investment Banking Analyst | 10.08 LPA |
| Piramal Group, ICICI Bank, SBI Life Insurance Co. | Investment Manager | 4 LPA |
| HDFC, SBI Capital Markets, TCS | Investment Banking Associate | 10 LPA |
| Axis Bank, Citi Bank, Barclays | Investment Banker | 4.50 LPA |
| Nomura Holdings, Resurgent India, Deutsche Bank | Executive Director in Investment Banking | 9.5 LPA |
| Bajaj Capital, Yes Bank, Tata AIA Life Insurance | Financial Planner | 3.5 LPA |
| Kotak Mahindra Bank, IDFC First Bank, Bandhan Bank | Credit Manager | 7.10 LPA |
| Wise Finserv, Barclaycard, Religare | Financial Advisor | 2.70 LPA |
Investment Banker Courses in Mumbai: FAQs
Ques: What is the salary of a CA vs. an Investment Banker?
Ans: According to the data provided by Glassdoor, the average salary of a Chartered Accountant in India is 11 Lakh INR per year, while the average salary of an Investment Banker is 18 Lakhs INR per year. So, the salary of an investment banker is undoubtedly more than a CA can make in India.
Ques: What are the benefits of an investment banking course?
Ans: Investment banking in India is a fantastic career choice in India for people who want to have an effect in the financial industry. It offers high salaries, employment stability, and opportunities to work with customers, but requires hard work and dedication for success.
Ques: Is an MBA necessary for Investment Banking?
Ans: No, an MBA isn't necessary for Investment Banking, but it is an essential qualification to have for career progression if pursued with the right specializations. One can pursue a Post-graduate Diploma in Management (PGDM) instead of an MBA at the postgraduate level because the qualifications are virtually at the same level.
Ques: What are the reviews of TSCFM, Mumbai for Investment Banking?
Ans: Thadomal Shahani Centre for Management (TSCFM) in Mumbai has a good reputation for Diplomas and Certificate courses in Investment Banking. The courses are all skill-oriented and focus on equipping the student with marketable skills proven via certifications.
Ques: What are some of the highest-paying Investment Banking Companies in India?
Ans: Some of the companies that hire Investment Banking professionals on a high payscale are as follows (according to data from Ambition Box):
- JP Morgan Chase pays 27.9 LPA
- Goldman Sachs pays 37.7 LPA
- HSBC Group pays 27.8 LPA
- Abu Dhabi Commercial Bank pays 92.7 LPA
Ques: Which Certificate/Diploma is best for Investment banking?
Ans: There are several Diploma/Certificate courses on offer when it comes to Investment Banking. A Professional Diploma in Investment Banking or a Post-graduate Diploma in Management, which offers a specialization in Banking and Financial Services, would form the ideal choice.
Ques: What are the types of Investment Banker Jobs?
Ans: Investment bankers provide capital-raising assistance or strategic advice to businesses, governments, and other significant financial organizations. Following are some examples of investment banking job types:
- Mergers and Acquisitions (M&A)
- Underwriting
- Private Equity
- Venture Capital
- Trading Jobs
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