BAF - Bachelor of Accounting and Finance

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Mar 13, 2024 14:54PM IST

What is a BAF Course?

BAF full form is Bachelor of Accounting and Finance. BAF is actually a B Com in Accounting and Finance course which spans 3 years and it is a recognised undergraduate professional degree programme in India. BAF teaches some of the most important subjects like financial accounting, cost accounting, taxation, wealth management, auditing, business laws, etc. which strengthens your core knowledge in the field of accounting, auditing and finance, thus making you an invaluable asset for any big organisation and you also get to receive a very lucrative annual remuneration. BAF course is also available at IGNOU through distance mode and spans 3 to 6 years in duration. The course is made available in collaboration with the ICAI Institute of India.

BAF Course Details

BAF degree is an undergraduate degree that runs for three years and it includes subjects from B Com as well as accounting, finance, taxation, auditing, and risk management. This programme merges ideas from accounting and finance management to prepare students for different roles within the sectors of accounting, finance, and business management.

BAF Subjects include major topics like auditing, financial accounting, cost accounting, taxation, and risk management. There is no specific entrance exam conducted for admission to the Bachelor of Accounting and Finance (BAF) course in India. BAF admission is mostly done on merit-basis or it is done along with college/ university level entrance examinations. However, few institutes might take admission to their BAF courses based on marks obtained in a national level exam like CUET UG. The eligibility criteria for the Bachelor of Accounting and Finance course demands that applicants should have scored a minimum aggregate mark of 50% or more in their class 12th.

BAF course is available through distance learning in India. A lot of institutions in India, such as IGNOU, Suresh Gyan Vihar University, and TNOU provide the course via the online learning method. The average course fees for BAF distance programmes is between INR 20,000 and INR 80,000.

A few of the top colleges in India offering BAF courses are: BILAMS College, College of Management and Science, Wada College, St. Paul’s College, Sanpada College of Commerce and Technology, Maharshi Dayanand College of Arts, Science and Commerce, etc. Top BAF jobs in India include: Accountant, Investment Banker, Auditor, and Financial Analyst, etc. BAF salary for freshers is also quite attractive, varying from INR 4,00,000 to INR 6,00,000. The average annual salary increases with experience and skills and it also depends on the type of firm, location, etc.

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What is a BAF degree?

BAF is a three-year undergraduate finance and accounting degree course. The programme gets accounting professionals and top financiers ready for the job market. One can pursue respectable careers such as accountancy, financial analysis, revenue management, assistant management, and marketing management after receiving a Bachelor of Accounting and Finance degree. Even newbies can make between INR 3 and INR 8 lakh per annum after completing their BAF degree.

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BAF Latest Updates

The NTA has released the CUET UG Registration 2024 from February 27, 2023 and the last date to apply is March 26, 2024. 

CUET UG 2024 for admission to BAF courses is scheduled to take place from May 15 - 31, 2024.

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BAF Course Highlights

The highlights section will provide you with an overview of the BAF course and its important aspects like course duration, course fees, eligibility, etc.

Course LevelUndergraduate
BAF Full FormBachelor in Accounting and Finance
DurationThree Years
Examination TypeSemester based
BAF EligibilityPassed class 12th with a minimum aggregate marks of 50% or above
Admission ProcessEntrance exam based OR Merit based
BAF Course FeeINR 20,000 to INR 1,50,000
Average SalaryINR 3,50,000 to INR 8,00,000 
Job ProfilesAccountant, Tax Policy Analyst, Revenue Agent, Financial Risk Manager, Financial Consultant, Marketing Manager, Risk Analyst, etc.
Employment AreasReal Estate, Finance Organization, Banks, Audit Office, Stock Exchange, Investment Banks, Insurance Companies, Investment Management Firms, Credit Rating Agencies, etc.
Top Recruiting CompaniesAccenture, Infosys, Wipro, HDFC Bank, Deloitte, Ernst & Young (EY), PricewaterhouseCoopers (PwC), etc.

BAF Course Highlights

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Why Choose a BAF Course?

Many reasons exist why a person might decide to study for a Bachelor of Accounting & Finance (BAF) course. Here are some important advantages:

Solid base in accounting and finance: When you look at other business studies such as B.Com, a course in BAF provides a more intensive study in the areas of accounting rules, financial examination, and taxes. This equips you with specialized abilities that many sectors greatly desire.

Various Career Options: With a BAF degree, many different job possibilities are available to you in the fields of accounting and finance. You might work in areas like banks, insurance companies, consultancy firms, financial service providers or as an investment analyst. It's also possible for you to begin your own company.

Increased job demand: The shortage of experts in accounting and finance jobs will keep coming in the near future. This in turn translates to better job opportunities for you and the possibility of higher earning potential, some other fields notwithstanding.

Globally recognized qualifications: Many BAF programs provide the opportunity to pursue professional certification together with your degree, e.g., ACCA or CFA. Recognized worldwide as qualifications, these stand out on your CV and can open doors to an international career.

Develop key transferable skills: BAF programs go beyond pure technical knowledge, by focusing also on core skills like critical thinking, problem-solving, communication and data analysis. These skills are transferable across different industries and career destinies.

Preparation for further studies: A BAF degree provides an excellent starting point for further study in accounting, finance, or business administration which will lead to a master’s degree.

Remember, though, the fact that the BAF programme might not suit everyone. It demands analytical and quantitative abilities, concentration on detail, and the capability to cope with sophisticated course load. Furthermore, you also need to identify your interests and goals.

Why choose BAF course?

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Is a BAF degree available online?

A Bachelor of Accounting and Finance (BAF) degree can be obtained online in India, as many Indian institutions are offering a range of courses like BAF through internet-based education. Examples of these schools include IGNOU, Suresh Gyan Vihar University, TNOU and more. Students who live far from a campus will find an online BAF course very useful. Also, students facing money problems or not having enough time can take this course.

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BAF Course Comparison

Students are oftentimes confused between BAF, BFM, B Com, and BBA courses. The below table will help you to clarify all your doubts and explain you all the differences between these courses so that you can make an informed choice: 

Full FormBachelor of Accounting and FinanceBachelor of Financial MarketsBachelor of CommerceBachelor of Business Management
FocusAccounting & FinanceFinancial MarketsCommerce (broad)Management
CurriculumAccounting principles, financial analysis, taxation, auditingDerivatives, risk management, financial markets trading, investment analysisAccounting, economics, statistics, marketing, managementManagement principles, organizational behavior, marketing, communication, finance
SpecializationHighVery highMediumMedium
Career optionsAccounting, finance, auditing, taxation, financial consultingInvestment banking, trading, risk management, wealth managementAccounting, finance, banking, marketing, sales, operationsManagement, marketing, human resources, operations, consulting
Job demandHighModerateHighHigh
SalaryINR 4,00,000 - INR 11,00,000INR 3,50,000 - INR 15,00,000INR 2,50,000 - INR 5,00,000INR 3,00,000 - INR 4,50,000
Earning potentialModerate to highHighModerate to highModerate to high
Required skillsAnalytical, quantitative, attention to detail, problem-solvingNumerical, analytical, communication, risk managementAnalytical, communication, interpersonal, adaptabilityCommunication, interpersonal, leadership, critical thinking
Complementary qualificationsACCA, CPA, CACFA, FRMACCA, CPA, CAVaries
Suitability forStudents with strong math & accounting skillsStudents interested in financial markets & tradingStudents with broad interests in businessStudents with leadership & people skills
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BAF Eligibility Criteria

The following criteria determine who is eligible for admission to the Bachelor of Accounting and Finance (BAF) course.

  • Students must have completed class 12th or equivalent exam in either the science or commerce stream from an accredited board in India.
  • For entry into the Bachelor of Finance and Accounting programme, students must receive a minimum aggregate percentage of 50% or above.
  • Colleges hold entrance examinations to decide who gets admitted depending on the results OR the admission to the BAF course is done on the basis of merit in the qualifying exam.
  • Subject Requirements: Some institutions may have specific subject requirements, such as Mathematics, Economics, or Accounts, at the 10+2 level.
  • Age Limit: There may be an age limit criterion set by the institution, which may vary. Generally, candidates should be within the age range of 17-25 years.

Skills Required To Pursue BAF

For success in a Bachelor of Accounting and Finance program in India, it is good to have a strong base in some skills as mentioned below:

BAF depends much on mathematics, especially algebra and statistics. Being good with numbers and doing calculations is very important to grasp financial ideas and examine data.

You will need to break down complicated financial details, spot patterns and make good decisions. Having strong analytical abilities is important for understanding data and dealing with issues successfully.

Paying close attention to details is very important in accounting and finance because being accurate is essential. If you are careful with the small things, it helps you make fewer mistakes when working out numbers and keeping track of money matters.

BAF graduates might have to make financial ideas clear to clients or people they work with. It's very important for them to speak and write in a way that is easy to understand and straight to the point.

Computer abilities: Being good at using spreadsheet programs such as MS Excel and also knowing how to work with accounting software is common in this area. It can be helpful to know about tools for financial modelling too.

In addition to key abilities, a real passion for business, money matters and the constantly changing economy will make your education in a BAF course even better.

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BAF Admission Process in India

The general steps for BAF admission process are mentioned below:

Shortlist Institutions: Base your research on preference, location, and eligibility criteria to meticulously shortlist universities or institutions offering BAF courses.

Review the eligibility criteria of the selected institutions; ensure you meet their requirements in terms of educational qualification, minimum percentage, subject prerequisites, entrance exams and age limit.

Acquire the BAF course application form from the designated outlets, admission office or respective institution's website in accordance with their provided instructions.

Accurately complete the Application Form, ensuring you provide all necessary information – personal details: educational qualifications; contact information -- as dictated by given instructions.

You must attach the required documents—copies of mark sheets, certificates, photographs and any other supporting materials as stipulated by the institution.

Please pay the application fee, if applicable, in accordance with the guidelines of your institution. The fee might differ based on your particular institution and could be payable through either online or offline modes.

Submit your completed application form, along with the required documents and application fee (if applicable), to the designated address or online portal by the specified deadline.

Should you qualify for the entrance exam, the institution may issue an Admit Card or Call Letter: this will detail your examination date, time and venue.

Should the institution hold an entrance exam, ensure you appear for it on the date and time specified in your admit card/call letter.

Result and Counseling: Await the entrance exam results - if applicable - as well as the merit list announcement. Should you qualify, prepare for a potential call to counseling or an extended admission process in accordance with institution guidelines.

Upon your selection, ensure completion of the admission process in accordance with the institution's instructions; this includes document verification, fee payment--and other requisite formalities.

Once you complete the admission process, the institution will communicate a specific date for joining the BAF course.

Maintain an acute awareness: the application procedure may indeed differ from one institution to another. Therefore, we advise you - with precision and timeliness in mind – inquire about specific BAF course's application requirements and deadlines at the university or institution offering it.

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Direct BAF Admission Process Without Entrance Exam

Typically, the admission process for Bachelor of Accounting and Finance is based on merit; very few institute-specific entrance exams occur for this particular programme. Generally, eligibility criteria demand candidates to achieve a 50% aggregate in their commerce stream (preferably) during their 10+2 education phase—or they can qualify through other standardized tests like CUET UG. As for the procedure itself: it usually entails online application—followed by a period of waiting either for entrance exam results or a merit list—and concludes with an intensive counseling and document verification process. The institution will communicate the specified date for students to join the BAF course once they are admitted.

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List of Popular BAF Specializations

The Bachelor of Accounting and Finance (BAF) course, though lacking specific specializations, includes an extensive array of subjects pertinent to accounting and finance: financial accounting; cost accounting; taxation auditing and even risk management as well as quantitative methods for business. Elective subjects tailored to their unique interests are also available for students' selection. Various careers such as tax consultant, accountant, auditor, risk manager, investment banker and credit analyst await graduates prepared by the BAF programme.

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BAF Entrance Exams

Most admissions for Bachelor of Accounting and Finance courses are done through merit-basis. However, there are other institutes that have their own BAF entrance exams testing IQ, mental ability, accounting basics as part of the admission process along with past academics. There is only one national-level exam in India i.e. CUET UG through which a lot of private as well government colleges offer admission into their BAF course.

BAF Entrance Exam Schedule

As of today, there’s only one known national-level exam i.e. CUET UG which is conducted by NTA to provide admission to candidates into BFA courses across various institutions.

Entrance ExamRegistration DateExam Date
CUET UGFebruary 27, 2024 - March 26, 2024May 15 - 31, 2024

BAF Entrance Exam Syllabus 

BAF entrance exams generally cover 4-5 major topics:

1. English: Comprehension, vocabulary, grammar, writing skills.
2. Quantitative Ability: Math, statistics, data analysis, problem-solving.
3. Logical Reasoning: Deduction, puzzles, critical thinking.
4. General Awareness: Current affairs, business knowledge, economics.
5. (Optional) Accounting and Finance Basics: Introductory concepts for some exams.

Focus on core skills, practice previous year’s papers, and check specific exam details for any variations in the syllabus.

BAF Entrance Exam Quick Preparation Tips

Consider these rapid strategies to prepare for the BAF (Bachelor of Accounting and Finance) entrance examination:

Comprehend the Syllabus: The BAF entrance exam syllabus incorporates subjects such as Logical Reasoning, General Awareness, Analytical Ability and English; each of these carries equal marks in the question paper. Approximately 20-25 questions are allocated per section--amounting to a total of about 120 in the entire entrance examination paper. Qualifying for each section is mandatory; consequently, students must equally prepare for all subjects.

Engaging in the practice of previous year papers allows students to grasp not only the exam pattern but also discern common question types. Furthermore, this method aids in pinpointing individual strengths and weaknesses; subsequently enabling a targeted approach for improvement.

Enhancing Time Management Skills: During the BAF entrance exam, mastering time management proves crucial. To heighten their speed and accuracy, students must diligently practice solving questions within a stipulated time frame.

Ensure your Current Affairs Knowledge: General Awareness constitutes a vital section of the BAF entrance exam; thus, regular updates on current affairs--through consistent reading of newspapers, magazines and online news portals--are imperative for students.

Consult BAF Books: To enhance their comprehension of the course and ready themselves for the entrance exam, students should consult certain recommended texts in Business Administration and Finance. Notably among these are Accountancy by D.K. Goel, Economics by Sandeep Garg; furthermore—a crucial reference—is 'Business Studies' authored diligently--with meticulous attention to detail—by Subash Dey.

Engage in Mock Tests: By actively participating in mock tests, students can not only evaluate their level of preparation but also pinpoint areas requiring improvement; furthermore--they become acquainted with the exam pattern and learn to manage time effectively.

Students should concentrate on their areas of strength, striving to attain the highest possible marks in these sections; doing so may elevate their overall score--significantly increasing chances for admission into the BAF programme.

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Types of BAF Courses

A particular learning style and set of circumstances characterize every candidate; therefore, we cannot deem a single teaching method appropriate for all students. With the students' needs in mind, numerous learning strategies have been created to cater to specific study curricula. As per their suitability and needs, candidates in India can avail the following types of BAF courses:

Full-Time BAF Course: Practically every institution in India offers the full-time Bachelor of Accounting and Finance (BAF) course, which stands as their most popular degree program. Daily classes characterize this regular course; thus, many students--due to its popularity--opt for enrollment in it over other undergraduate programs. An aggregate mark of 50% or above in the 12th and a passing grade on an entrance exam (if applicable) serve as prerequisites for this course. The most popular BAF entrance exams include CUET, along with other institute-specific tests. Full-time BAF average course fees in Indian institutes range from INR 20,000 to INR 1,50,000.

Part-Time BAF Course: The Institute of Distance Education, University of Madras and Symbiosis College of Arts and Commerce, Pune—among others—offer part-time Bachelor in Finance and Accounting courses specifically designed for working professionals or students concurrently pursuing their jobs or other commitments. These flexible-timing offerings allow the enrollees to attend weekend sessions; evening lectures; or classes in other convenient time slots–thus striking an ideal balance between education and existing obligations.

Online BAF Course: Many institutes in India provide an online Bachelor's program for Accounting and Finance. The time taken to complete this course online can range from three years up to six, depending on both the school's structure and how quickly a student moves through the material. In India, many universities like TNOU and Suresh Gyan Vihar University have started giving BAF courses online. This way of studying is very helpful for students who stay in far places or have limits with time or money.

BAF Distance Education Course: In the past few years, distance learning has become very important, especially with after the pandemic. These days, numerous colleges in India provide regular classes as well as opportunities to learn through distance education. Distance learning has clear benefits, such as being less expensive and offering a flexible study setting among others. To get into BAF distance education programs, students usually must achieve at least 50% total marks or more as it is based on their performance for entry. Moreover, a similar level diploma can be considered for entry into the Bachelor of Accounting and Finance program from afar. Leading institutions offering BAF courses through distance learning in India include Yashwantrao Chavan Maharashtra Open University, Annamalai University's Directorate of Distance Education, and IGNOU.

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BAF Syllabus and Subjects

A wide range of topics that are pertinent to the business world are covered in the BAF course. Some of the subjects dealt with include cost accounting, macroeconomics, basic mathematics, financial accounting, and introduction to finance. Along with the core subjects, there are other subjects as well that impart knowledge on crucial topics like taxation, management, auditing, etc.

Below is the Bachelor of Accounting and Finance (BAF) three-year course's semester-wise syllabus.

  • Financial Accounting-Elements of Financial Accounting-Paper I
  • Cost Accounting-Introduction and Element of Cost-Paper I
  • Economics-Micro Economics-Paper I
  • Commerce-Business Environment-Paper I
  • Accounting with the Use of Accounting Softwares
  • Business Communication-Paper I
  • Foundation Course-Commercial Environment-Paper I

Semester 1

  • Financial Accounting-Special Accounting Areas-Paper I
  • Auditing-Introduction and Planning-Paper I
  • Financial Management-Paper I
  • Taxation-Indirect Taxes-Paper I
  • Business Law-Business Regulatory Framework-Paper I
  • Quantitative Methods for Business-Paper
  • Business Communication-Applications in Business-Paper II

Semester 2

Semester 3

  • Financial Accounting Paper –III (Special Accounting Areas)
  • Cost Accounting Paper –II (Methods of costing)
  • Auditing Paper-II (Techniques of Auditing and Audit Procedures)
  • Economics Paper-II (Macro Economics)
  • Business Law Paper-II (Business Regulatory Framework)
  • Management Paper-II (Introduction to Management)
  • Quantitative Methods for Business Paper –II

Semester 4

  • Financial Accounting Paper –IV (Special Accounting Areas)
  • Taxation Paper-II (Indirect Taxes)
  • Commerce Paper-II (Financial Market Operations)
  • Business Law Paper –III (Company Law)
  • Information Technology Paper-II (Applications in Business)
  • Foundation Course -II (Value Education and Soft Skill)

Semester 5

  • Financial Accounting – Paper – V
  • Cost Accounting Paper-III
  • Financial Accounting Paper – VI
  • Management Accounting Paper – II: Financial Statement Analysis
  • Taxation Paper – III: Direct Tax Paper – I
  • Economics Paper – III: Indian Economy

Semester 6

  • Financial Accounting Paper – VII
  • Cost Accounting Paper – IV
  • Auditing Paper – IV
  • Financial Accounting Paper – VIII
  • Taxation Paper IV: Direct Tax Paper – II

BAF Subjects 

The BAF course typically covers a wide range of subjects related to accounting, finance, business, and commerce. The specific subjects may vary depending on the curriculum of the respective institution offering the course. However, a few common subjects that are usually covered in a BAF course in India may include:

  • Financial Accounting
  • Cost Accounting
  • Management Accounting
  • Financial Management
  • Taxation
  • Auditing
  • Business Law and Ethics
  • Business Communication
  • Business Economics
  • Financial Markets and Institutions
  • Investment Analysis and Portfolio Management
  • Business Mathematics and Statistics
  • International Finance
  • Strategic Management
  • Business Research Methods
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Top Private BAF Colleges in India

A few of the top private BAF colleges as per the NIRF Ranking 2023 are as follows: 

Institute NameNIRF Ranking 2023
Narsee Monjee College of Commerce and Economics 47
Stella Maris College37
Loyola College Chennai7
Madras Christian College (MCC), Chennai16
Sanpada College of Commerce & Technology-
Rizvi College of Arts Science & Commerce-
St. Xavier's College, Mumbai-
H. R. College of Commerce and Economics-
Fergusson College, Pune79
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Top Government BAF Colleges in India

A few of the top government BAF institutes as per the NIRF Ranking 2023 are as follows: 

Institute NameNIRF Ranking 2023
Government College of Commerce and Management, Chandigarh-
Bangalore University-
University of Calcutta12
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Top BAF Colleges Offering Direct Admission in India

Some of the top colleges/ universities that offer direct admission into BAF course in India are as mentioned below:

Institute NameLocation
Loyola CollegeChennai
Narsee Monjee College of Commerce and EconomicsMumbai
HR College of Commerce and EconomicsMumbai
Kishinchand chellaram college of arts commerce and scienceMumbai
Jai Hind CollegeMumbai
Mithibai CollegeMumbai
St. Joseph's College of CommerceBangalore
BMS College for WomenBangalore
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BAF Course Fees in India

BAF course fees differ from one institution to another. Different institutions in India (central government, state government, private and autonomous institute) have different course fees. On average, the fees vary from INR 20000 to INR 1,50,000 per year. While the aforementioned fee is just an estimate and therefore it is advisable to contact the relevant institutions to find out the latest and precise course fees.

Contrary to the private institutions, the public and the independent ones are known to charge less tuition fees for the students to be able to get to the school. This is dependent on whether the selected college is located in a metropolitan city, a tier-1 city, or a tier-2/ 3 city and as a result, the fees may vary.

Furthermore, for example, you may have to pay registration fees, exams costs as well as library fee, laboratory fee (if applicable), and other fee for various events. It is very important to consider the fee structure of the BAF programme listed by the school when selecting the institution.

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BAF Scope

The BAF course in India with a wide scope of discipline has numerous options that enable students to discover and pursue their dreams. These degree holders may be employed by accounting, finance, banking, or insurance companies as well as in the investment industry and by external consultants. The tax consultancy area is also considered. Equipping its graduates with robust analytical skills: the course teaches to impart problem-solving abilities, mastery of financial management and effective communication skills – to enable job seekers to get jobs starting from the entry level up to intermediate level positions in the finance and accounting sector.

Also, the fields of academia, research and entrepreneurship offer additional paths to BAF graduates for their explorations. By pursuing additional education - such as professional certifications like Chartered Accountancy (CA), Certified Management Accountant (CMA), or Certified Financial Planner (CFP) - they can augment their career prospects: such a program will equip them in many ways, to not only seek commanding positions in the finance and accounting sectors but also leadership roles. The Bachelor of Accounting and Finance (BAF) course exposes students to various career prospects; with the field of finance and accounting constantly evolving, it provides a multitude of space for growth.

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Career Options After BAF

The Bachelor of Accounting and Finance (BAF) degree leads to many exciting job possibilities, as there is a big need for finance experts in India right now. There are lots of chances across different areas like accounting, banking, tax work and financial examination. Big companies like Deloitte; EY; and HDFC Bank could be possible places to work at. Starting salaries are competitive, and with experience, you can reach managerial and leadership positions.

The horizon shows many chances for jobs: big cities for money business—like London, New York, and Singapore—they welcome people who finish BAF studies. When you get your Bachelor's degree in Business Administration and Finance, it prepares you for an exciting job around the world. You can take care of investment work in different places – could be Europe or Asia – or study money markets all over the planet. Master's degrees can make your opportunities worldwide even better, and professional certifications like the Chartered Financial Analyst (CFA) title are very important as well.

BAF Jobs

Below mentioned are some of the jobs that BAF graduates can look forward to:

Job Titles


Chartered Accountant (CA)Financial and tax planning, auditing, and consulting.
Financial AnalystAnalyzing financial data, preparing reports, and forecasts.
Investment BankerManaging financial transactions and advising clients.
AuditorExamining and evaluating financial statements.
Cost AccountantAnalyzing costs for budgeting and financial planning.
Tax ConsultantAdvising clients on tax planning and compliance.
Treasury AnalystManaging an organization's financial assets and risks.
Forensic AccountantInvestigating financial discrepancies and fraud.
Financial PlannerHelping individuals plan for their financial goals.
Risk AnalystAssessing and mitigating financial risks.
Budget AnalystDeveloping and managing organizational budgets.
Credit AnalystEvaluating the creditworthiness of individuals or businesses.
Management AccountantProviding financial information for decision-making.
Financial ControllerOverseeing financial reporting and compliance.
Business AnalystAnalyzing business processes and recommending improvements.
StockbrokerBuying and selling securities on behalf of clients.
Compliance OfficerEnsuring adherence to financial laws and regulations.
Accounts ManagerManaging the financial aspects of an organization.
Loan OfficerEvaluating and approving loans for individuals or businesses.
ActuaryAnalyzing financial risks using statistical methods.

BAF Salary

Following are a few of the prominent job positions that BAF graduates may pursue after completing the programme, along with a quick overview of each position's salary:

Job RolesAverage Annual Salary
Financial AnalystINR 3,00,000 - INR 7,00,000
AccountantINR 2,00,000 - INR 5,00,000
Tax ConsultantINR 3,00,000 - INR 7,00,000
Banking OfficerINR 3,00,000 - INR 7,00,000
Investment AnalystINR 3,00,000 - INR 7,00,000
AuditorINR 2,50,000 - INR 6,00,000
Financial PlannerINR 3,00,000 - INR 7,00,000
Finance ManagerINR 5,00,000 - INR 12,00,000
Research AnalystINR 3,00,000 - INR 7,00,000
EntrepreneurSalary varies based on business success

Top recruiters after BAF

BAF graduates are highly demanded in both public and private sector organizations. Here are some of the top recruiters:

Big 4 Accounting Firms:

Ernst & Young (EY)
PricewaterhouseCoopers (PwC)

Banking and Finance:

State Bank of India (SBI)
Axis Bank
Reserve Bank of India (RBI)

Consulting and IT:

Tata Consultancy Services (TCS)

Other Major Recruiters:

Larsen & Toubro (L&T)
Reliance Industries Limited (RIL)
Indian Oil Corporation Limited (IOCL)
Bharat Heavy Electricals Limited (BHEL)
Government of India ministries and departments

International Opportunities:

International consulting firms like McKinsey & Company, Bain & Company, and Boston Consulting Group.
Investment banks like Goldman Sachs, JPMorgan Chase, and Citigroup.
Multinational corporations with operations in India and abroad.

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Courses After BAF Degree

With a BAF degree, you have a well-rounded education on both accounting and finance, thus allowing you to venture into any direction of further education or career. Here's a roadmap to explore your options:

1. Specialized Masters:

Master of Commerce (M.Com) in Finance: Develop your financial skills across the scope of areas such as investment banking, financial analysis or risk management.
Master of Business Administration (MBA) in Finance: Broaden your business competence, while also gaining deeper insight into the financial realm, ready for stewardship roles.
Chartered Accountancy (CA): The CA qualification is highly sought after by any entry-level position related to the line of auditing, taxation, or consulting.
Certified Financial Analyst (CFA): This internationally reputed course prepares you to do investment analysis and asset management.
Master of Financial Management (MFM): Excel in corporate finance, financial modeling, budgeting for a job in financial analysis or treasury management

2. Professional Certifications:

Association of Chartered Certified Accountants (ACCA): Obtain a certification in global accountancy jobs.
Certified Public Accountant (CPA): This American certification creates access to careers in public accounting and auditing.
Financial Risk Manager (FRM): Obtain competences in financial risk supervision and assessment primarily with a view to jobs in banks, insurance companies, or investment firms.

3. Interdisciplinary Options:

Master of Business Analytics (MBA): Disperse your financial knowledge with data analysis skills to pursue a career in business intelligence or in financial modeling.
Master of Laws (LL.M) in Corporate Law: Understand the legal aspects of finance and embark upon a journey in compliance, mergers & acquisition or taxation.
Master of Public Administration (MPA): Link finance with public policy, getting you ready to assume finance positions at the government or non-profit enterprises.

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FAQs about BAF

Is BAF in demand?

Yes, BAF course is hugely in demand in India because its popularity has grown in recent years and more Indian students are opting for B Com in Accounting and Finance or BAF course to leverage excellent job opportunities with higher salaries in the booming accounting and finance industry across the world.

Can we do MBA with BAF?

No, you cannot do an MBA with the BAF course because an MBA requires you to have completed a bachelor’s degree preferably in business management or administration. So, you must have completed your BAF with a minimum aggregate  marks of 60% or above before applying for a Masters in Business Administration postgraduate course.

Is BAF available through distance learning?

Yes, IGNOU does offer a BAF or B Com in Accounting and Finance course which has a total duration of 3 years and maximum span of 6 years for completion of the course. The course is offered in association with the ICAI Institute of India. 

What is the BAF course scope?

BAF course gives you a strong mix of skills in accounting and finance. You will explore areas such as financial accounting, taxes, audit processes, and analysis of businesses to become very skilled in finances. It makes way into different areas such as banks, accounting companies, and finance advising. The reach of BAF goes past just employment; it readies you for expert certificates like CFA, CA, CPA, FRM, etc. which can enhance your work path even more.

Which is better, BAF or B Com (Hons)?

BAF course is perfect for those who desire an in-depth understanding of accounting and finance; it equips you with specific skills needed for jobs such as auditing or managing finances. B Com (Hons) course provides a wide foundation in business, covering accounting too. It suits someone who wishes to learn about different areas of commerce before choosing a specialisation or if they aim for a general career in business.

Is there any entrance exam for BAF after 12th?

Yes, there are specific institute-level entrance exams for BAF courses across India, however, one of the most popular national-level entrance exams for BAF in India is CUET UG. 

Which course is best after 12th Commerce?

The best course to study after 12th Commerce is Bachelor of Accounting and Finance (BAF), B Com Hons, BBA Hons, and BMS. These courses are different from each other in terms of the syllabus and course goal but they all teach very valuable and job-oriented skills through important subjects like accounting, finance, taxation, business management and administration, auditing, etc.

How many years is a BAF course?

BAF is a 3 years undergraduate degree course in India which encompasses a total of 6 semesters. Each semester consists of at least 6 to 7 subjects and there’s a semester-wise exam half-yearly to assess candidates’ knowledge and skills, and to promote them to the next semester.

What is the qualification for BAF course?

For admission to a BAF course, candidates must have passed class 12th either from Science or Commerce background with a minimum aggregate percentage of 50% or above. A few institutes also require candidates to have mandatorily studied  Maths, Economics, or Accountancy subject in class 12th.

Is BAF a regular course?

Yes, BAF is a regular course along with being a specialised one. The course is conducted through daily classroom sessions along with practicals, projects, and internships (if any). A BAF course is generally not offered through distance learning in India.

Is there a Masters in BAF?

No, there’s no particular Master’s degree after BAF, however, a lot of BAF graduates choose to opt for MBA in Finance, Master’s in Accounting, M Com (Hons) in Accounting, etc.

Which is the best college for BAF?

Some of the top colleges/ universities that you can join to study BAF in 2024 are Narsee Monjee College of Commerce and Economics , Loyola College Chennai, Madras Christian College (MCC), Chennai, University of Calcutta, etc.

Is BAF better than BMS?

BMS is a better option for you if you want to pursue your career in the field of management studies, otherwise, BAF is the best choice for those who want to build a career in finance, accounting, and auditing. Also, the average annual salary for BAF is between INR 4,50,000 and INR 6,00,000 for freshers which is higher than BMS average annual salary for freshers that ranges from INR 3,00,000 to INR 4,50,000 in India.

What is BAF full form?

BAF full form is Bachelor of Accounting and Finance which is a 3 years of specialised B Com course offered by many institutes across India.

Which is better, BAF or BBA?

BAF course is better than BBA if you want to delve into accounting, finance, auditing and related domains or want to further pursue advanced courses like CPA, CA, CFA, etc. Whereas, BBA is a top choice for students who want to build their career in the field of management and business administration.

How can I apply for BAF after 12th?

Admissions to BAF courses across various institutions in India are based on either merit-basis or through entrance exams. Candidates must have passed class 12th in any stream with a minimum aggregate of 50% to apply for admission into the BAF course. Students must choose a college of their choice, visit their official website, get registered, fill out the application form online/ offline, pay the application fee to be considered for admission to the course.

Is BAF related to CA?

No, both are not at all related or at the same level. However, doing a BAF course can definitely build a solid foundation and understanding of concepts in accounting, taxation, finance, and auditing which further helps in understanding related concepts during the CA course. 

Is BAF a good career option?

A Bachelor of Accounting and Finance (BAF) can act as a powerful launchpad for your career. It provides you with knowledge in finance and accounting, which enables entry into different industries. In BAF, one learns many things - how to check accounts, understand finances and manage risks. It gives a good base for more study if someone wants to become CPA or CFA.

After BAF, which course is better?

To select the most suitable course, it is important to reflect on your professional ambitions. Those who desire a career in public accounting might find that pursuing a Master of Accounting (MAcc) would be beneficial. For working in corporate finance, getting an MBA with a specialisation in finance is a good choice. These options improve your understanding of BAF and lead to jobs that require specific knowledge along with much higher salary.

Does BAF require maths?

No, maths as a subject is not compulsory to pursue a BAF degree course, however, this course is all about accounting and finance which does require you to have basic knowledge of maths calculations and overall good arithmetic skills to do quick and accurate calculations.

What does BAF mean in degree?

BAF is basically a Bachelor of Accountancy and Finance course that runs for 3 years as an undergraduate degree and main subjects that are taught in the course are finance and accounting plus related topics. Candidates also get the chance to pursue job-oriented optional subjects such as Wealth Management, International Taxation, Marketing of Financial Services, etc. BAF is also known as B Com in Accounting and Finance in India.

What is the average BAF salary?

The average BAF salary in India ranges from INR 4,00,000 to INR 6,00,000. The starting salary for BAF is quite good considering it’s a specialised undergraduate degree course.

What are the BAF course fees?

BAF course fees in India range between INR 20,000 and INR 1,00,000. The course fees are higher for private/ self financed institutions and for reputed government colleges and institutes the fee is comparatively much lower.

What are the subjects in BAF?

Bachelor of Accounting and Finance course or BAF course broadly covers accounting and finance related subjects. During the course, students will learn about some major subjects like Cost Accounting, Financial Accounting, Managerial Economics, Auditing, etc.

What is BAF Course?

BAF course is a 3 year specialised course in the field of Commerce, particularly B Com, that teaches candidates some core subjects like cost and financial accounting, business laws, auditing, taxation, business environment, etc.

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Rahul Raj, Student / Alumni

-Answered on Aug-19-2020

Dear Student,

In order to pursue the Bachelor of Accounting and Finance (BAF) Course, the maths is not pre-requisite. However, once you take admission, you must work on improving the basic maths of Class 6th to 10th.

For admission assistance please fill in our Common Application Form (CAF) and our admission counsellor will contact you and assist you with the admission process of the college. If you have any doubts or questions you can even call on our toll-free number 1800-572-9877 for FREE counselling.

Thank you

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