MFC (Master of Finance and Control) – Master of Finance and Control (MFC) is a two-year postgraduate degree programme that covers the major topics in investments, commerce, stocks, and personal finances.
The course focuses on how to use Finance and Control effectively, as well as allowing students to investigate theories relating to investments. Job possibilities for graduates of Master of Finance and Control programme are numerous in both the private and government sectors of a variety of reputable Indian and international companies.
What is MFC (Master of Finance and Control)?
MFC or Master of Finance and Control is a degree that equips candidates with thorough conceptual and analytical abilities in financial decision-making. This MFC degree includes instruction in key areas of management decision-making, such as organisational behaviour, quantitative methodologies, accounting, corporate regulations, and so on. MFC course balances several facets of finance, resulting in its dominance in the management field.
In today’s competitive world, particularly in light of Economic Liberalisation, there is a strong need for open/free-market policies in the corporate sector. As a result, there is a strong need for specialised and skilled employees in the finance decision-making process. MFC programme is built with the current economic condition in mind for the business sector, as well as future strategic criteria in mind.
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Why Choose MFC?
Finances are a crucial component of every organization’s structure, and they are required to control and manage company transactions & deal with growth and stability; hence, MFC program is important in many aspects, and it emphasises equity shares and investment management.
- This degree can also be used in the banking industry, where students can work as bankers, clerks, & branch managers. They have shown to be effective in assisting banks in operating seamless administration and administrative functions in an ordered way.
- MFC program is also able to produce people who are well-versed as well as efficient in managing marketing strategies & budget allocation jobs, where they must manage existing finances for specific projects in order to achieve the desired results while staying within budget & avoiding unnecessary transactions.
- Aspirants can also work as accounting and finance consultants in banks or accounting companies, where they are responsible for providing competent advice and insights on the management of current customers’ wealth and investments, as well as assisting them in stabilising their assets.
- They can also work as risk analysts, providing services in the areas of risk management in the workplace and how such situations can be mitigated in order to achieve desired objectives with minimal risk.
Master of Finance and Control Course Eligibility Criteria
Candidates can review the qualifying criteria for MFC degrees listed below. The eligibility criteria are a collection of requirements that an applicant must meet in order to be admitted to MFC courses.
- Aspirants must hold a Bachelor’s degree from a recognised institution or university to be eligible for the Master of Finance & Control programme.
- They must pass the qualifying test with a minimum of 50 per cent in the aggregate.
- To be qualified for MFC, candidates must have mathematics as one of their mandatory subjects in class 12th.
- Every institute in the country has its own set of MFC qualifying requirements for admission. As a result, candidates will be admitted based on their MFC qualifying requirements.
Master of Finance and Control Courses Admission Process
In India, education systems use one of the two most common techniques of admitting potential candidates. Entrance or merit is the way that is used to Provide admission to Master of Finance and Control programmes in India. Here are the specifics of the two MFC admissions approaches used in India.
Merit-Based Admissions
All candidates who match the required eligibility requirements of the relevant colleges will be invited to participate in the selection processes as stated by the colleges. They will be invited for Document Verification Processes, Personal Interviews, and/or Group Discussions as part of the selection process.
Universities/colleges will choose students who pass the Document Verification Processes and do well in the Personal Interview and/or Group Discussion and provide them admission to the specified course.
Entrance-Based Admissions
Candidates interested in pursuing higher education in the fields of trade, banking, & finance will take a university-level admission test. On the specified date and time, they must take the admission exam administered by the respective colleges.
Aspirants may be invited for a Personal Interview and/or Group Discussion, as well as additional selection procedures, depending on their performance, as outlined in the unique admission policy or guidelines of the separate institutions. Aspirants for admission to the courses will be shortlisted by universities/colleges based on their overall performance in the entrance exam, previous academic records, personal interviews, and/or group discussions.
MFC (Master of Finance and Control) Entrance Exams
There are a few admission examinations for Master of Finance and Control programme that candidates can take to have a better understanding of the programme. A solid merit score from a needed bachelor’s degree in commerce concentration is also vital, as is appearing for admission tests. Some of the entrance examinations are as follows.
| Entrance Exam | Read More | Official Website |
|---|---|---|
| CAT | Click Here | Click Here |
| DUET PG | Click Here | Click Here |
| BHU PET | Click Here | Click Here |
| CMS Entrance Exam | Click Here | Click Here |
How to Prepare for Master of Finance and Control Entrance Exams?
Aspirants interested in pursuing this programme should adhere to the admission guidelines by properly preparing for and passing their individual colleges’ CET tests.
- Aspirants should create a detailed timetable that includes all pertinent questions about the subject, as well as practise key logical and reasoning abilities and accounting numerical skills.
- They should also solve past question papers from their subject material to get a better understanding of the procedure and pattern.
- They could also use YouTube courses and eBooks to have a better knowledge of complicated accounting and mathematical topics.
MFC (Master of Finance and Control) Course Fee structure
The charges for a Master of Finance and Control programme range from INR 5K to 2 LPA. The costs of a Master of Finance and Control programme varies based on the college/facilities university and amenities, as well as the quality of education delivered.
| College | Average Fees |
|---|---|
| Sai Institute of Paramedical & Allied Science, Dehradun | Rs. 77,100 |
| Regional College of Management, Bhubaneswar Orissa | Rs. 1,00,000 |
| Udayanath College of Science and Technology, Cuttack | Rs. 29,000 |
| University of Sambalpur, Sambalpur | Rs. 60,000 |
| Bundelkhand University, Jhansi | Rs. 42,000 |
| Institute of Professional Studies and Research, Cuttack | Rs. 1,90,000 |
| Thiagarajar College, Madurai | Rs. 27,890 |
| Vellalar College for Women, Erode | Rs. 5,042 |
| Gulbarga University Gulbarga | Rs. 15,575 |
| University of Delhi, Delhi | Rs. 20,000 |
MFC (Master of Finance and Control) Specializations
This MFC course allows you to specialise in a variety of financial and risk management principles. Aspirants can choose from Master of Finance and Control specialisations listed below.
- Organizational behaviour
- Risk management
- Finance
- Banking
- Statistical analysis
- Taxation
- Finance law
- Marketing
- Computer applications
MFC (Master of Finance and Control) Syllabus
Master of Finance and Control course curriculum and subjects are organised in such a manner that students have a better grasp of what is required of them in order to develop knowledge in future courses. Master of Finance and Control curriculum and contents cover a wide range of economics, banking, finance, accounting, statistics, and research issues. The Master of Finance and Control programme covers a variety of topics, including:
| Semester I | Semester II |
|---|---|
| Management Concepts and Organizational Behavior | Accounting for management decisions |
| Management Economics | Computer applications in business |
| Financial and Cost Accounting | Financial institutions end and markets |
| Financial Management | Corporate legal framework |
| Business Environment | Investment management |
| Marketing Management | Security Market Operations |
| Statistical Analysis | Research Methodologies and Business Communication |
| Semester III | Semester IV |
| Operations Research | Training Report & Presentation |
| International Finance | Strategic Management |
| E-Commerce | Strategic Financial Management |
| Corporate Tax Planning & Management | Insurance Management |
| Financial Services Marketing | Management Information System |
| Portfolio Management | Multinational Financial Management |
| – | Derivatives and Risk Management |
MFC (Master of Finance and Control) Higher Studies
Higher education opportunities for Master of Finance and Control with the greatest pay are available in practically all commercial and public sectors of various companies in India and overseas. Graduates can always pursue further education after obtaining their degree, which will increase their long-term career prospects.
MFC (Master of Finance and Control) Scope
Aspirants interested in learning more about MFC’s scope can do so by clicking on the link below. They should have a stronger and more conceptual grasp and knowledge of finance, taxation, and law after successfully completing this MFC course. MFC offers a career-oriented programme that also serves society. The scope of a career is really broad, and it is rapidly expanding on a daily basis.
The demand for and breadth of MFC courses is quite great, and any candidate who has completed their postgraduate studies and is seeking this degree will be able to either work for a reputable organisation or give their own financial consulting services. MFC has a wide range of applications in the financial industry across the country.
MFC Job Profiles
Aspirants are invited to apply for the following positions.
- Budget Manager
- Business Analyst
- Financial Analyst
- Accountant
- Investment Analyst
- Investment Banker
- Revenue Agent
- Tax Advisor
- Operations Manager
- Personal Finance Consultant
- Securities Analyst
- Corporate Analyst
Master of Finance and Control Employment Sectors
The following are the top employment sectors for MFC Graduates.
- 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
MFC Top Recruiters
The following are the recruiters for all those who are completed their MFC (Master of Finance and Control).
- Accenture
- Just Dial
- Ernst & Young
- ICICI
- HDFC
- HSBC
- Adobe
- Flipkart
- Amazon
- Snapdeal
- IBM
Salary after MFC
Managing money, or overseeing its management, is one of the most important tasks in the current period. After earning an MFC from a reputable institution, candidates may earn handsome incomes according to their performance and job quality. The remuneration for a Master of Finance and Control Course varies depending on the job description.
MFC postgraduates who have some experience in the subject might make a very nice pay. Freshmen may start with an average MFC wage package, but as they acquire experience, their pay rises to a specific level. The average pay for Master of Finance and Control Courses is between INR 3 and 10 LPA.
MFC graduates are in high demand both in India and internationally. Regular practice and obtaining more expertise in the financial field may allow you to increase your wage. Aspirants can review the job roles listed below, as well as the typical beginning pay for each position.
| Job Profile | Average Salary |
|---|---|
| Budget Manager | Rs. 3,00,000 – 4,00,000 |
| Financial Analyst | Rs. 3,00,000 – 5,00,000 |
| Investment Analyst | Rs. 7,00,000 – 9,00,000 |
| Business Analyst | Rs. 8,00,000 – 9,00,000 |
| Accountant | Rs. 2,00,000 – 4,00,000 |
| Wealth Managers | Rs. 7,00,000 – 9,00,000 |
| Tax Officers | Rs. 7,00,000 – 10,00,000 |
MFC (Master of Finance and Control) colleges
The following are some of the top Master of Finance and Control colleges in India:
| S.No. | Name of the College |
|---|---|
| 1 | St Josephs Degree & PG College |
| 2 | Aligarh Muslim University |
| 3 | Institute of Media Studies |
| 4 | Osmania University |
| 5 | Institute of Professional Studies and Research |
| 6 | University of Delhi |
| 7 | Regional College of Management, Bhubaneswar |
| 8 | Thiagarajar College |
| 9 | Bundelkhand University |
| 10 | Gangadhar Meher University |
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Frequently Asked Questions
Masters of Finance and Control (M.F.C.) programme is a two-year professional degree programme that covers a wide variety of financial and management topics and gives students an in-depth understanding of financial planning, risk management, decision-making, and other topics.
A bachelor’s degree in any area, ideally commerce, accounting, or mathematics, with a 50 per cent score is required for admission to the Master of Finance and Control programme. To secure places in the admission programme, students must pass entrance tests such as the CAT.
MFC stands for Master of Finance and Control.
After successfully completing the programme, individuals can work as analysts and consultants in organisational behaviour, risk management, finance, banking statistical analysis, taxation, finance legislation, and policymaking.
Candidates can work as analysts, specialists, and consultants in a variety of banking and business environments. They can also serve as tax officials, auditors, and accountants for prominent Indian and international firms.