MFC Admissions in India 2023: Check Eligibility, Admission Process, and Colleges

Cyril Titus Zachariah

Updated On: July 18, 2023 10:51 am IST

Wish to pursue a Master of Finance and Control course? Here’s what you need for MFC admissions in India. Learn about the important details such as MFC eligibility criteria, admission and selection processes, top colleges and much more here.

MFC Admissions 2023

One of the more popular courses in the field of Finance at the postgraduate level is the Master of Finance and Control. Educational institutions in India offer admission to the 2-year postgraduate programmes based on several different methods, commonly witnessed across India. Each individual University/College/Institution will define their own admission policy for offering admission to the Master in Finance and Accounting courses.

In this article, will discuss important details about the MFC admissions in India and learn about the MFC eligibility criteria, admission processes and other important details regarding the MFC admission process.

About Master of Finance and Control

The Master of Finance and Control (MFC) is a 2-year postgraduate programme designed to train and qualify the students in financial planning, risk management, decision-making and much more. The Master of Finance and Control offers a variety of future prospects ranging from a corporate job profile in the field of finance, commerce or banking to pursuing research-oriented career paths. Like many postgraduate commerce programmes, in India, MFC graduates can attempt the UGC NET conducted by the National Testing Agency and pursue either a research-oriented or professorship career path.

Master of Finance and Control (MFC) Eligibility Criteria 2023

Like every other postgraduate programme, it is important to qualify the MFC eligibility criteria as defined by the individual colleges. It should be noted that each individual university, college and institution will define their own eligibility criteria for the respective courses. However, there are general eligibility criteria for MFC courses in India, which have been outlined below.

Category

Master of Finance and Control

Academic Requirement

Bachelor Degree in Commerce, Finance, Banking or equivalent disciplines.

Aggregate Score Requirement

50% and Higher

Subject / Discipline Requirement

Commerce, Finance, Banking or equivalent

Master of Finance and Control (MFC) Admission Process 2023

Across the nation, MFC colleges offer admission to the 2-year postgraduate programme based on several selection processes. The most common admission processes for Master of Finance and Control courses include entrance-based admissions and merit-based admissions. Check out the admission processes and guidelines that are commonly opted by respective colleges.

Entrance-Based Admissions

Entrance-based admissions are popular among universities and colleges as it challenges and graphs out the true potential of a candidate. Here are the steps for entrance-based admissions to MFC courses in India.

  • After successful admissions to the courses, the candidates will be asked to download the respective Admit Card or the Hall Ticket for the specified entrance test and appear for the entrance test.

  • After the results have been released by the educational institution, respective merit lists will be released by the institution. The merit lists will contain the name of the candidates according to their merit, which will be based on the scores and ranks they have secured in the entrance test.

  • Candidates will then be called for further selection processes, which may include, a personal interview and/or group discussion.

  • Based on the overall performance of the candidates in the entrance test and the personal interview and/or group discussion, prospective candidates will be offered admissions by the university.

Merit-Based Admissions

Another commonly opted route by the colleges and institutions in the merit-based admissions to MFC courses. Under merit-based admission, the academic qualifications of the candidate along with their performance in other selection parameters will determine their admission to the course. Here are the steps that aspirants will have to take in order to pursue an MFC course.

  • After applying to the respective colleges, candidates will be called to participate in the specified selection processes which may include a personal interview and/or group discussion.

  • Candidates will be shortlisted for the PG programmes baked on their past academic record and the performance in the personal interview and/or group discussion.

MFC Counselling-Based Admissions 2023

Among both entrance-based and merit-based admissions, universities and colleges have been witnessed to carry out counselling session, wherein the applicants are provided with a series of colleges and courses that are applicable to them. Here are the steps that the candidates will be asked to participate in counselling-based admissions for MFC courses in India.

  • Under entrance-based admissions, universities will call the shortlisted candidates depending on the scores they secured in the entrance exam.

  • Under merit-based admissions, candidates will be called for the counselling sessions based on the ranks they secured in the merit lists.

  • Depending on the ranks of the candidates, the university will ask the prospective students to select the course and college of their choice.

  • Students will be allotted seats in their choice of course and college based on their ranks in the merit lists and the vacancy of seats in the respective college and course.

Note: There are certain colleges and institutes that also offer direct admissions to the course as well.

MFC 2023 Specializations

The MFC (Master of Finance and Control) course offers a wide variety of specializations in various concepts regarding finance and risk management. Check out the MFC specializations offered to candidates below:

Finance law

Organizational behaviour

Risk management

Finance

Statistical analysis

Banking

Marketing

Computer applications

Taxation

-

MFC 2023 Syllabus

The MFC course syllabus is prepared for students according to its course curriculum regarding finance and the statistical concept of risk management. The MFC (Master of Finance and Control) syllabus is divided into 4 semesters for the 2-year course duration. Check out the semester-wise MFC syllabus from the table below.

Semester 1

Semester 2

Management Concepts and Organizational Behavior

Computer Application in Business

Management Economics

Accounting for Management Decisions

Business Environment

Corporate Legal Framework

Financial and Cost Accounting

Financial Institutions and Markets

Statistical Analysis

Security Market Operations

Financial Management

Investment Management

Marketing Management

Research Methodologies and Business Communication

Semester 3

Semester 4

Operations Research

Strategic Management

International Finance

Training Report & Presentation

Financial Services Marketing

Management Information System

Portfolio Management

Strategic Financial Management

Corporate Tax Planning & Management

Insurance Management

E-commerce

Derivatives and Risk Management

-

Multinational Financial Management

Career Opportunities After MFC

MFC (Masters of Finance and Control) is a career-oriented course and after completing it candidates will be able to get plenty of job opportunities. The jobs and careers in this field are rising and after pursuing the MFC course, they can earn a handsome salary in their respective fields. After completing the MFC degree successfully, take a look at the career opportunities below: 

Business and Financial Counseling

Core Banking and Insurance

Capital and Money Markets

Credit Rating

Equity Research

Corporate Treasuries

Investment Advisory Services

Real Estate

Portfolio Management

International Finance

Venture Capital

Wealth Management

Forex Advisory Services

-

Top MFC Colleges in India

If you are interested in pursuing a Master of Finance and Control course in India, then check out this list of top MFC colleges in India.

Name of Course

Annual Course Fee

Regional College of Management Bhubaneswar

₹50,000

Department of Financial Studies, Delhi University

-

Mahendra Institute of Management and Technical Studies Khuda

-

Sai Institute of Paramedical and Allied Sciences Dehradun

₹ 40,000

Institute of Media Sciences Dehradun

₹80,000

Institute of Professional Studies and Research Cuttack

-

Thiagarajar College Madurai

-

Banki College Cuttack

-

Arya School of Management and Information Technology Bhubaneswar

-

Al-Falah University Faridabad

₹ 45,000

If you are interested in taking admission to the Master of Finance and Control (MFC) course in India, then fill out the Common Application Form, available on our website. Our Counsellors can guide you through the admission process in the college and course of your choice.

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FAQs

What are the career opportunities available for MFC graduates?

The career opportunities available for MFC graduates are Business and Financial Counseling, Core Banking and Insurance, Capital and Money Markets, Credit Rating, Equity Research, Corporate Treasuries, Investment Advisory Services, Real Estate, Portfolio Management, International Finance, etc. 

 

What is the MFC course about?

The Master of Finance and Control (MFC) is a 2-year postgraduate programme designed to train and qualify students in financial planning, risk management, decision-making and much more. The MFC offers a variety of future opportunities ranging from a corporate job profile in the field of finance, commerce or banking to pursuing research-oriented career paths.

What are the MFC specializations offered to candidates?

The MFC specializations offered to candidates are Finance law, Organizational behaviour, Risk management, Finance, Statistical analysis, Banking, Marketing, Computer Applications, etc.

What are the eligibility criteria for the MFC course?

In order to be eligible for the MFC course, candidates must have a Bachelor’s degree from a recognized university with a minimum of 50% aggregate marks. It is mandatory for aspirants to have mathematics as one of the compulsory subjects in class 12th to be eligible for MFC.

Why should you choose the MFC course?

The MFC course should be taken up those students who are interested in banking, finance, accounts and which are excellent options open to those who want to join business and government services after it. This degree course allows students to get jobs in various commerce and banking fields.

 

What are the job roles for the MFC course?

The job roles for the MFC course are Budget Manager, Financial Analyst, Investment Analyst, Tax adviser, Revenue agent, etc.

 

What happens under entrance-based MFC admission?

Under entrance-based admissions, universities will shortlist candidates depending on the marks they secured in the entrance exam. For the merit-based admission process, candidates will be called for counselling sessions based on the ranks they secured in the merit lists.

 

What are the subjects taught in the MFC semester 1?

In the MFC semester 1, the subjects taught to the students are Management Concepts and Organizational Behavior, Management Economics, Business Environment, Financial and Cost Accounting, Statistical Analysis, Financial Management, etc.

What are the top MFC colleges in India?

The top MFC colleges in India are the Regional College of Management Bhubaneswar, Department of Financial Studies, Delhi University, Mahendra Institute of Management and Technical Studies Khuda, Sai Institute of Paramedical and Allied Sciences Dehradun, Institute of Media Sciences Dehradun, Institute of Professional Studies and Research Cuttack, Banki College Cuttack, etc.

 

What is the admission procedure for the MFC course?

MFC colleges offer admission to the 2-year postgraduate programme based on several selection processes. The most common admission processes for the MFC courses include entrance-based (entrance exam) admissions and merit-based admissions. 

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