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Master of Finance and Accounting (MFA)

Updated By Diksha Nautiyal on 25 Nov, 2020
Average Duration
2 years
Average Fee
30 K-75 K INR annual
Exams Accepted
TISSNET, CUCET, KSET (Karnataka) ...

About Master of Finance and Accounting (MFA)

Commerce and Banking courses in India have been among the top three most sought after courses. Among them, a Master of Finance and Accounting which is a two postgraduate course deals with principles of accounting, economics and financing among other things. As is the case for many postgraduate courses, candidates will only be able to pursue the course if they have an undergraduate degree.

The 2-year course, i.e. Master of Finance and Accounting (MFA) has been designed to target the demand for skilled professional in the field of accountancy and finance. Pursuing the PG course in finance and accounting will only expand one’s career prospects. One of the avenues that open up after completing the course is that of a teacher/professor or pursuing research initiatives through Junior Research Fellowships.

The course curriculum has been designed to primarily focus on the concepts and principles of finance and accounting in different scenarios, but it also teaches the students to gain good communication skills, using the latest technologies to aid in their field, among other things. As the name suggests, the course primarily trains the students to account, manage and plan finances in different settings through different methodologies.

Highlights of Master of Finance and Accounting

Check out some of the major highlights of a Master of Finance and Accounting course.

Level

Postgraduate

Duration of Course

2 Years

Course Fees

?1,00,000 - ?2,50,000 Annually

Exam Type

Semester

Minimum Qualification Required

Commerce Graduate

Minimum Aggregate Score Requirement

45% - 50%

Selection Process

Merit-Based

Employment Sectors

Commerce, Banking and Finance Sector, Insurance, etc

Master of Finance and Accounting (MFA) Eligibility Criteria

In order to pursue the course, it is important to qualify the general eligibility criteria for Master of Finance and Accounting.

  • Undergraduate degree in the field of Commerce, Banking or Finance will be required.

  • Candidates should ensure that they have secured 45%- 50% aggregate score in the qualifying exam.

  • Must have appeared in an entrance exam, if applicable, as specified by the college of your choice.

Master of Finance and Accounting (MFA) Admission Process

Master of Finance and Accounting colleges in India offer admissions to the aspirants based on them qualifying the prescribed eligibility criteria for the course. In most cases, admissions to the courses are based on the merit of the candidate, calculated using the scores obtained in the qualifying examination. There are no entrance examinations that are conducted at the National or State level, however, institutes/universities/colleges may conduct their own entrance tests.

Master of Finance and Accounting (MFA) Syllabus

Accounting for Business Decisions

Theory and Standards of Accounting

Computerised Accounting

Cost Control Techniques

e-Commerce

Financial Services 

Human Resource Management

Principles of Modern Banking

Security Analysis

Modern Banking

Management Accounting

Direct and Indirect Taxes

Business Research Methods

Advanced Corporate Accounting

Financial Markets and Institutions

International Financial Management

Risk and Insurance Management

Principles of Insurance Management

Investment and Portfolio Management

Quantitative Techniques for Finance

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Master of Finance and Accounting?

Master of Finance and Accounting (MFA) Career Options and Job Prospects

Like other postgraduate degrees in India, those who obtain a Master of Finance and Accounting degree will find a wider range of career options and job prospects available to them. Among the future prospects, all graduates of MFA will be able to attempt UGC NET, which will qualify them for a Junior Research Fellowship or pursue a teaching career.

After pursuing the postgraduate degree, there are higher chances of being recruited with better pay and in a better position than one would receive after graduation. The course will help each student to understand and learn more about the different fields in Accounting and Finance.

Some of the employment areas available to a student may include:

  • Finance and Commerce Sectors

  • Banking Industry

  • Insurance Industry

  • Investment Sector

  • Indian Civil Services

  • Consultancy Companies

  • Indian Economic Services

  • Import and Export Sector

  • Educational Institutions

There are many more sectors, companies and Government departments wherein graduates of the course will be able to find themselves a career path. Check out some of the job profiles available to the students after completing the course:

  • Accountant

  • Assistant Accountant

  • Financial Analyst

  • Operations Manager

  • Marketing and Money Manager

  • Investment Banker

  • Market Analyst

  • Securities and Risk Analyst

  • Investment Analyst

  • Business and Corporate Analyst

  • Personal Finance Consultant/Accountant

As mentioned above, all graduates of the course will be able to attempt UGC-NET, which will further enhance the future prospects of all students. This includes Junior Research Fellowship or a career in the field of teaching.

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FAQs about Master of Finance and Accounting

I want admission in Master of Finance and Accounting (MFA). Do I have to clear any exams for that ?

Delhi University Arts , Delhi University Science are some of the exams that you can appear for to get admission in Master of Finance and Accounting (MFA) courses.

What are the top colleges offering Master of Finance and Accounting (MFA) courses ?

Following are some of the top colleges offering Commerce and Banking courses : Institute of Management-Christ University (Bangalore) , Maharani Lakshmi Ammanni College for Women (Bangalore) , Loyola College (Chennai) , Hindu College (New Delhi) , Madras Christian College (Chennai). You can explore these colleges on our website to check if they offer Master of Finance and Accounting (MFA) or not.

What is the average fee for the course Master of Finance and Accounting (MFA) ?

The average fee for Master of Finance and Accounting (MFA) is INR 75,000 per year.

What is the duration of the course Master of Finance and Accounting (MFA) ?

Master of Finance and Accounting (MFA) is a 2 year course.

What are the popular specializations related to Master of Finance and Accounting (MFA) ?

Some of the popular specializations for M.F.A. (Master of Finance and Accounting) are : Taxation , Finance , Finance , Commerce , Finance.

Get details of best colleges for Master of Finance and Accounting.

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