Located in India’s Faridabad, Haryana, the National Institute of Financial Management (NIFM) is a leading institution dedicated to providing specialized training and education in financial management and allied disciplines.

History of National Institute of Finance Established in 1993 under the aegis of Department of Expenditure, Ministry of Finance, Government of India. The main objective behind its establishment was to meet the growing demand for financial management trained personnel in government agencies and other institutions.

Over the years, NIFM has evolved into a leading institution in financial management, offering a wide range of academic programs, training courses, research programs and consultancy services. These programs include- Post Graduate Diploma in Business (Financial Management), Degree Courses, Training programs

NIFM is a dedicated faculty that includes brilliant students, industry experts and professionals in finance and business Faculty members bring a wealth of knowledge and expertise to the classroom, providing a learning experience do well for students and trainees.

In addition to curriculum and training courses, NIFM is actively involved in research and consultancy work in collaboration with government agencies, international organizations and industry partners The Institute’s research programs contribute to knowledge development in economic policy and in planning.


Campus LocationFaridabad, Haryana
Courses OfferedPG and Doctorate
No. of Seats365
Year of establishment1993
Exams acceptedCAT, XAT, CMAT, GMAT
Median Salary
Fees RangeINR 300,000-475,000


The AJNIFM offers a postgraduate MBA in Finance program. The eligibility for the course offered is listed below: 

For Private Participants

  • Bachelor’s Degree from any University or equivalent, with minimum 50% aggregate (45% for SC/ST/PWD candidates).
  • Candidates must have qualified in any of the All India Common Entrance Tests (CAT, XAT, CMAT, MAT, or GMAT) and provide valid examination marks not exceeding two years, with GD and PI after the.
  • The maximum age on the start date of the program is 30 years.
  • The conservation plan will be based on the standards of Jawaharlal Nehru University.

For Corporate Executives

  • The age of the participant on the start date of the program must not exceed 50 years.
  • A minimum of three years of work experience is required at the start of the program.
  • Participants are required to provide NOC/Sponsorship Certificate from their respective institutions.
  • The remaining assessments involve individual interventions described in paragraph a of the eligibility criteria.

For Government Officers

  • The minimum marks obtained upon graduation must be 50%.
  • The age of the participant on the start date of the program must not exceed 50 years.
  • Central/senior officers working in the Central and State Governments, as well as participants from other states are eligible to apply for admission
  • Civil servants are exempted from common entrance tests like CAT, XAT, CMAT, MAT and GMAT.

Selection Criteria

All India Level Common Entrance Test50%

Application Process 2024

For Private Participants/Corporate Executives

  • Candidates can use the prescribed application form, all of which must be completed. Complete the application form, along with a cover letter, proof of educational qualifications, work on grade certificates, experience (if any), and CAT/XAT/CMAT A copy of the appropriate /MAT/GMAT score sheet.
  • Application fee of INR 2,000/- (to be paid online through Demand Draft or RTGS/NEFT, with relevant number mentioned in the application form) and to be submitted to Arun Jaitley National Institute of Financial Management (AJ-NIFM). , Sector-48, Pali Road, Near Badkhal Lake, Faridabad-121001, Haryana, on or before 30th April, 1999.
  • The envelope should read “Application for MBA (Finance), 2024-26”. The duly filled application form should also be sent to finance@nifm.ac.in


CMAT Cutoff 2023

Courses2023 Cutoff By Percentile2022 Cutoff By Percentile
MBA Finance6060

MAT Cutoff 2023

Courses2023 Cutoff By Percentile2022 Cutoff By Percentile
MBA Finance6060

Placement Highlights

  • The highest offer was INR 10 LPA in 2016-17 (as per available data).
  • The average package offered was INR 6.7 LPA, and the median CTC was INR 5.5 LPA.
  • The major choices in AJNIFM are BSE, L&T Financial Services and NCDEX.


What is the National Institute of Financial Management (NIFM), Faridabad?

The National Institute of Financial Management (NIFM) is a premier institution established by the Ministry of Finance, Government of India, dedicated to providing specialized training and education in financial management and allied disciplines.

What are the academic programs offered by NIFM?

NIFM offers a range of academic programs, including the Post Graduate Diploma in Management (Financial Management), certificate courses in various financial disciplines, and customized training programs for government officials and executives.

How can I apply for admission to NIFM’s academic programs?

Details regarding admission criteria, eligibility requirements, and application procedures for NIFM’s academic programs are available on the institute’s official website. Interested candidates can apply online or through the prescribed application process.

Does NIFM offer placement assistance to students?

Yes, NIFM provides placement assistance to students enrolled in its academic programs. The institute has a dedicated placement cell that facilitates campus placements, internship opportunities, and career counseling services for students.

What are the facilities available on the NIFM campus?

NIFM’s campus is equipped with modern amenities, including classrooms, auditoriums, computer labs, library facilities, hostel accommodation, and recreational facilities for students and trainees.