Masters of Finance & Control

Masters of Finance and Control (M.F.C) is a two-year professional degree course that covers a wide range of financial and management subjects and provides students with in-depth knowledge about financial planning, risk management, decision-making, etc. It also aims at making students familiar with the financial and regulatory world.

MFC degree course helps nurture and develop candidates' conceptual and analytical skills which are a vital part of risk management and decision-making. The first year of the program introduces students to the principles and concepts of general management along with theoretical and practical knowledge of financial management and other related subjects. Whereas, the final year of the course is dedicated to advanced programs and specialisation courses with a research project related to different areas of financial management.

Candidates willing to pursue the course must have a thorough knowledge of taxation, and other financial laws.

Master of Finance and Control (M.F.C.) Course Highlights

Some of the major highlights of the Master of Finance and Control (M.F.C.) course are as follows:

• Minimum Qualification Required: A bachelor’s degree in any stream, preferably in Finance/ Commerce.
• Minimum Marks Required: 50%
• Candidates who are applying for the program must study the education pattern of 10+2+3. Candidate must have studied Mathematics in 10+2.

M.F.C. Admission Process

In India, educational institutions opt for either of the two prominent methods of offering admissions to prospective students. Admissions to the Master of Finance and Control programmes in India can be based either on entrance test scores or merit alone. Here are the details of the two methods of MFC admission processes opted in India.

Entrance-Based Admissions

• Universities/Colleges will conduct a University-level entrance examination for students who wish to pursue higher education in the field of commerce, banking, and finance.
• Aspirants will be required to attempt the entrance test conducted by the individual colleges on the stipulated date and time.
• Based on their performance, candidates may be called for a Personal Interview and/or Group Discussion and other selection processes, as defined in the individual admission policy or guidelines of the respective colleges.
• Universities/Colleges will shortlist candidates for admission to the programmes based on the overall performance of the candidates in the entrance test, past academic record, personal interview, and/or group discussion.

Merit-Based Admissions

• All applicants who meet the requisite eligibility criteria of the respective colleges will be called for the selection processes, as defined by the individual colleges/institutions.
• Among the selection processes, candidates will be called for Document Verification Processes, Personal Interview, and/or Group Discussion.
• Candidates who clear the Document Verification Processes and perform well in the Personal Interview and/or Group Discussion, the universities/colleges will shortlist them and offer them admission to the specified course.

Master of Finance and Control Course Fees

• The annual course fee for a Master of Finance and Control may range anywhere between ?25,000 - ?3,00,000.
• Government Colleges offering the MFC course may be comparatively cheaper than a Private College offering the same course.
• The Master of Finance and Control course fees depend on a number of factors such as ownership of college/institution, location of the college, and much more.

The year-wise syllabus for Master of Finance and Control (M.F.C.) is as follows:

First Year:

Second Year:

Masters of Finance and Control is a career-oriented course as candidates get the opportunity to bag a variety of job roles that they can choose from. Some of the popular employment areas for M.F.C postgraduates are:

• Banking
• Consulting
• Investment Banking
• Risk Management
• Equity & Bond Research
• Mutual Fund Management
• Risk Management
• Real Estate Management
• Venture Capital
• Financial Commercial Banking
• Treasury Management
• Valuation & Manufacturing

There are plenty of career options in the world of Finance and Control, especially for PG graduates. Among these areas of employment, the job profiles for Master of Finance and Control graduates in India are immense and diverse. Here’s a list of suitable job profiles for finance and control degree holders:

• Budget Manager
• Business Analyst
• Financial Analyst
• Accountant
• Investment Analyst
• Investment Banker
• Revenue Agent
• Tax Advisor
• Operations Manager
• Personal Finance Consultant
• Securities Analyst
• Corporate Analyst

A graduate of MFA in India will be able to pursue highly lucrative career paths and build a stable and attractive career for themselves. As per trends, MFA graduates can, initially, earn anywhere between ?4,00,000 - ?8,00,000. Depending on various factors such as prior work experience of the candidate, academic qualifications, area of employment and the job profile, the annual pay of an MFA graduate may vary. Gaining enough experience and skills through training and years in the professional world, an MFA graduate can see themselves earning anywhere between ?12,00,000 - ?15,00,000 per year.

However, Master of Finance and Control (MFA) graduates can also pursue higher education and even doctorate programmes in India. There are immense opportunities for graduates to pursue doctoral programmes and attempt UGC NET. 

Top Recruiting Companies:

• Accenture
• Google
• Just Dial
• Ernst & Young
• ICICI
• HDFC
• HSBC
• Adobe
• Flipkart
• Amazon
• Snapdeal
• IBM