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MFC Admissions in India 2022: Check Eligibility, Admission Process, and Colleges

Cyril Titus Zachariah
Cyril Titus ZachariahUpdated On: February 22, 2022 04:19 pm 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 2022

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 2022

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.


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 2022

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 2022

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.

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


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


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.

Related Articles

Click on the links given below to know more:

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Learn About the Difference Between M.Com vs MFA

Here’s What You Need for IES and ISS Exams in India

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