Master of Finance and Accounting

Commerce and Banking courses in India have been among the top three most sought after courses. Among them, a Master of Finance and Accounting which is a two postgraduate course deals with principles of accounting, economics and financing among other things. As is the case for many postgraduate courses, candidates will only be able to pursue the course if they have an undergraduate degree.

The 2-year course, i.e. Master of Finance and Accounting (MFA) has been designed to target the demand for skilled professional in the field of accountancy and finance. Pursuing the PG course in finance and accounting will only expand one’s career prospects. One of the avenues that open up after completing the course is that of a teacher/professor or pursuing research initiatives through Junior Research Fellowships.

The course curriculum has been designed to primarily focus on the concepts and principles of finance and accounting in different scenarios, but it also teaches the students to gain good communication skills, using the latest technologies to aid in their field, among other things. As the name suggests, the course primarily trains the students to account, manage and plan finances in different settings through different methodologies.

Highlights of Master of Finance and Accounting

Check out some of the major highlights of a Master of Finance and Accounting course.

In order to pursue the course, it is important to qualify the general eligibility criteria for Master of Finance and Accounting.

• Undergraduate degree in the field of Commerce, Banking or Finance will be required.

• Candidates should ensure that they have secured 45%- 50% aggregate score in the qualifying exam.

• Must have appeared in an entrance exam, if applicable, as specified by the college of your choice.

Master of Finance and Accounting (MFA) Admission Process

Master of Finance and Accounting colleges in India offer admissions to the aspirants based on them qualifying the prescribed eligibility criteria for the course. In most cases, admissions to the courses are based on the merit of the candidate, calculated using the scores obtained in the qualifying examination. There are no entrance examinations that are conducted at the National or State level, however, institutes/universities/colleges may conduct their own entrance tests.

Like other postgraduate degrees in India, those who obtain a Master of Finance and Accounting degree will find a wider range of career options and job prospects available to them. Among the future prospects, all graduates of MFA will be able to attempt UGC NET, which will qualify them for a Junior Research Fellowship or pursue a teaching career.

After pursuing the postgraduate degree, there are higher chances of being recruited with better pay and in a better position than one would receive after graduation. The course will help each student to understand and learn more about the different fields in Accounting and Finance.

Some of the employment areas available to a student may include:

• Finance and Commerce Sectors

• Banking Industry

• Insurance Industry

• Investment Sector

• Indian Civil Services

• Consultancy Companies

• Indian Economic Services

• Import and Export Sector

• Educational Institutions

There are many more sectors, companies and Government departments wherein graduates of the course will be able to find themselves a career path. Check out some of the job profiles available to the students after completing the course:

• Accountant

• Assistant Accountant

• Financial Analyst

• Operations Manager

• Marketing and Money Manager

• Investment Banker

• Market Analyst

• Securities and Risk Analyst

• Investment Analyst

• Business and Corporate Analyst

• Personal Finance Consultant/Accountant

As mentioned above, all graduates of the course will be able to attempt UGC-NET, which will further enhance the future prospects of all students. This includes Junior Research Fellowship or a career in the field of teaching.