Become Job Ready with CollegeDekho Assured Program
Learn More

MFA Admissions in India 2021: Dates, Application, Entrance Exam, Selection, Colleges, Fees

Diksha Nautiyal
Diksha NautiyalUpdated On: February 25, 2021 12:26 pm IST

The MFA course deals with Business Accounting, Management Accounting, Risk and Insurance Management, Investment Management, International Financial Management, etc. Read the full article to know about MFA admissions. 

Master of Financial Accounting Admissions in India

With increased globalisation, commerce education in India has become popular. The higher education of India is now witnessing developments in programmes provided in the commerce and finance sector. With these changes, students are now keen to opt for courses in this field. One such popular courses in this field are the Master of Finance Accounting (MFA) programme. The course deals with Business Accounting, Management Accounting, Risk and Insurance Management, Investment Management, International Financial Management, etc. After completing the programme, graduates can get a job with a handsome salary in the investment market, import and export sector, Indian Economic Services, banking sector and many such sectors.

So, if you are looking to get admission to the MFA programme in the year 2021 then you are in luck. In this article, we will discuss the top colleges with the fee for MFA, MFA admissions, selection process, eligibility and more.

All You Need to Know About the MFA (Master of Financial Accounting) Programme

About MFA Admissions 2021 in India

The admission process to the MFA programme in India varies for different institutions. Although, the common MFA admission process includes the following steps.

Eligibility Criteria

Application Process

Entrance Exam/ Direct Admissions

Selection Process Based on Merit List

Document Verification

Final Enrollment

Each of these steps will be elaborated in detail in the following content.

Also Read: M.Com Admissions in India 2021

Schedule for MFA Admissions 2021 in India

One Schedule for MFA admissions for all the colleges in India can not fit for all educational institute as each has its own dates. So, we have mentioned below a tentative yet common admission schedule for the course that will help you get a gist of it. It must also be notified that the admission dates all over the country have been postponed due to the currently prevailing pandemic. So, we advise you to stay tuned to CollegeDekho to get updates on the same.



Application Begins

August 2021

Application Closes


Last Date to Pay the Application Fee


Admit Card Releases (In case of admission through entrance exams)


Entrance Exam


Results Release


Merit List Releases


Selection/ Counselling Process Begins


Admissions Close

September/ November 2021

Also Read: Commerce Education in India - The Changing Dynamics

Eligibility Criteria for MFA Admissions 2021 in India

Mentioned below are the eligibility criteria that you must meet to get admission to the MFA course in India.

  • You must hold a Bachelor’s degree in any of the following programmes: Banking/ Finance/ Accounting/ Commerce.

  • The undergraduate degree must have been issued from a recognised university.

  • The minimum percentage required for the programme varies. But, you must have scored at least 45% to 50% marks in the bachelor’s degree.

Also Read: M.Com vs MFA: Top Colleges, Course Fee, Average Salary

How to Apply for MFA Admissions 2021 in India

  • The application to the Master of Financial Accounting programme can be completed through two modes.

  • Some colleges accept online as well as offline mode of applications, some accept either only online or offline mode of applications.

  • In most of the cases, you will be required to visit the official website of the intended college and apply online, if provided.

  • Some colleges require you to download the application form from the official website and then the rest of the process is completed in offline mode.

Do these long application forms confuse you? Then fill out our Common Application Form (CAF) and get help throughout the entire admission process only by the experts. Hurry Up!

Selection Process for MFA Admissions 2021 in India

The selection process for the MFA course depends on whether the admissions are offered through entrance examinations or on the basis of candidates’ performance in the bachelor’s degree exams. In both cases, the colleges/ universities/ institutes release a merit list created based on candidates’ performance in entrance exams/ bachelor’s degree. If you manage to make it to the merit list, you will have all or high chances of getting an admission.

Also Read: Top Master of Commerce (M.Com) Entrance Exams in India

Top Financial Accounting Colleges in India With Fees

Here is a list of top financial accounting colleges along with their fee details. You can click on the college name to know about their admission process, eligibility, scholarships and infrastructural facilities offered and more.



Narsee Monjee Institute of Management Studies - NMIMS, Mumbai

Up to INR 15 Lakhs

Xavier School of Commerce, Xavier University Bhubaneswar

INR 4.1 Lakhs

Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai

INR 50,700 Per Annum

Brainware University (BU), Kolkata

INR 1.85 LPA

Sandip University, Nashik

INR 90,000 Per Annum - INR 2 LPA

KL University (KLH), Hyderabad


King's Cornerstone International College (KCIC), Chennai

INR 2.96 LPA

Birla Global University - (BGU), Bhubaneswar

INR 75,000 Per Annum

SNMV Institute of Management, Coimbatore

INR 26,000 - INR 30,000 Per Annum

Goenka College of Commerce & Business Administration, Kolkata

INR 6,000 Per Annum

Related Courses

Here are some of the similar courses that you can explore.

MBA in Financial Management

Chartered Financial Analyst

Master of Finance and Control (MFC)

Master of Financial Management (MFM)

M.Com in Finance

Chartered Accountancy (CA)

Hope the information mentioned above helped you. If you have any questions regarding the same, ask away through our QnA Section.

Good Luck


Be the First to Know

Get Access to Latest Updates

Do you have a question? Ask us.

  • Typical response between 24-48 hours

  • Get personalized response

  • Free of Cost

  • Access to community

Subscribe to CollegeDekho News

By proceeding ahead you expressly agree to the CollegeDekho terms of use and privacy policy
Apply Now

Commerce and Banking Related News

Top 10 Commerce and Banking Colleges in India

View All

Join us and get exclusive education updates!