Masters of Finance & Control

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Mar 13, 2023 19:31PM IST

About Masters of Finance & Control (MFC)

Masters of Finance and Control (M.F.C) is a two-year professional degree course that covers a wide range of financial and management subjects and provides students with in-depth knowledge about financial planning, risk management, decision-making, etc. It also aims at making students familiar with the financial and regulatory world.

MFC degree course helps nurture and develop candidates' conceptual and analytical skills which are a vital part of risk management and decision-making. The first year of the program introduces students to the principles and concepts of general management along with theoretical and practical knowledge of financial management and other related subjects. Whereas, the final year of the course is dedicated to advanced programs and specialisation courses with a research project related to different areas of financial management.

Candidates willing to pursue the course must have a thorough knowledge of taxation, and other financial laws.

Master of Finance and Control (M.F.C.) Course Highlights

Some of the major highlights of the Master of Finance and Control (M.F.C.) course are as follows:

Course Name

Master of Finance and Control

Short Name





2 Years

Minimum Academic Requirement

Bachelors Degree

Minimum Aggregate Score Requirement

50% or More

Subject Requirement

Commerce, Finance or Equivalent

Exam Type


Admission / Selection Process

Entrance / Merit-Based Admissions

Average Course Fee


Average Initial Salary


Areas of Employment

Banking, Investment, Real Estate, Venture Capital, etc.

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Masters of Finance & Control (MFC) Eligibility Criteria

  • Minimum Qualification Required: A bachelor’s degree in any stream, preferably in Finance/ Commerce.
  • Minimum Marks Required: 50%
  • Candidates who are applying for the program must study the education pattern of 10+2+3. Candidate must have studied Mathematics in 10+2.

M.F.C. Admission Process

In India, educational institutions opt for either of the two prominent methods of offering admissions to prospective students. Admissions to the Master of Finance and Control programmes in India can be based either on entrance test scores or merit alone. Here are the details of the two methods of MFC admission processes opted in India.

Entrance-Based Admissions

  • Universities/Colleges will conduct a University-level entrance examination for students who wish to pursue higher education in the field of commerce, banking, and finance.
  • Aspirants will be required to attempt the entrance test conducted by the individual colleges on the stipulated date and time.
  • Based on their performance, candidates may be called for a Personal Interview and/or Group Discussion and other selection processes, as defined in the individual admission policy or guidelines of the respective colleges.
  • Universities/Colleges will shortlist candidates for admission to the programmes based on the overall performance of the candidates in the entrance test, past academic record, personal interview, and/or group discussion.

Merit-Based Admissions

  • All applicants who meet the requisite eligibility criteria of the respective colleges will be called for the selection processes, as defined by the individual colleges/institutions.
  • Among the selection processes, candidates will be called for Document Verification Processes, Personal Interview, and/or Group Discussion.
  • Candidates who clear the Document Verification Processes and perform well in the Personal Interview and/or Group Discussion, the universities/colleges will shortlist them and offer them admission to the specified course.

Master of Finance and Control Course Fees

  • The annual course fee for a Master of Finance and Control may range anywhere between ?25,000 - ?3,00,000.
  • Government Colleges offering the MFC course may be comparatively cheaper than a Private College offering the same course.
  • The Master of Finance and Control course fees depend on a number of factors such as ownership of college/institution, location of the college, and much more.
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Masters of Finance & Control (MFC) Syllabus

The year-wise syllabus for Master of Finance and Control (M.F.C.) is as follows:

First Year:

Management Concepts & Organizational Behavior

Financial Accounting

Financial Systems in India

Managerial Economics

Business Environment

Quantitative Techniques

Business Finance

Project Management and Entrepreneurship

Project Work

Second Year:

Funds Management in Banking & Insurance Sectors

Securities Market Operations

Operations Research

Financial Decision-Making

Business Policies

Strategic Financial Management

Management Control System

Corporate Tax Planning & Management

Summer Training Report

Working Capital Management

International Finance Management

Viva- Voice

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Masters of Finance & Control (MFC) Career Options and Job Prospects

Masters of Finance and Control is a career-oriented course as candidates get the opportunity to bag a variety of job roles that they can choose from. Some of the popular employment areas for M.F.C postgraduates are:

  • Banking
  • Consulting
  • Investment Banking
  • Risk Management
  • Equity & Bond Research
  • Mutual Fund Management
  • Risk Management
  • Real Estate Management
  • Venture Capital
  • Financial Commercial Banking
  • Treasury Management
  • Valuation & Manufacturing

There are plenty of career options in the world of Finance and Control, especially for PG graduates. Among these areas of employment, the job profiles for Master of Finance and Control graduates in India are immense and diverse. Here’s a list of suitable job profiles for finance and control degree holders:

  • Budget Manager
  • Business Analyst
  • Financial Analyst
  • Accountant
  • Investment Analyst
  • Investment Banker
  • Revenue Agent
  • Tax Advisor
  • Operations Manager
  • Personal Finance Consultant
  • Securities Analyst
  • Corporate Analyst

A graduate of MFA in India will be able to pursue highly lucrative career paths and build a stable and attractive career for themselves. As per trends, MFA graduates can, initially, earn anywhere between ?4,00,000 - ?8,00,000. Depending on various factors such as prior work experience of the candidate, academic qualifications, area of employment and the job profile, the annual pay of an MFA graduate may vary. Gaining enough experience and skills through training and years in the professional world, an MFA graduate can see themselves earning anywhere between ?12,00,000 - ?15,00,000 per year.

However, Master of Finance and Control (MFA) graduates can also pursue higher education and even doctorate programmes in India. There are immense opportunities for graduates to pursue doctoral programmes and attempt UGC NET. 

Top Recruiting Companies:

  • Accenture
  • Google
  • Just Dial
  • Ernst & Young
  • HDFC
  • HSBC
  • Adobe
  • Flipkart
  • Amazon
  • Snapdeal
  • IBM
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FAQs about MFC

What is the average fee for the course Masters of Finance & Control (M.F.C.) ?

The average fee for Masters of Finance & Control (M.F.C.) is INR 60,000 per year.

I want admission in Masters of Finance & Control (M.F.C.). 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 Masters of Finance & Control (M.F.C.) courses.

What are the top colleges offering Masters of Finance & Control (M.F.C.) courses ?

Following are some of the top colleges offering Commerce and Banking courses : St. Andrew College Of Arts Science & Commerce (Mumbai) , Lady Shri Ram College for Women (Delhi) , Goenka College of Commerce & Business Administration (Kolkata) , K. J. Somaiya College of Arts and Commerce (Mumbai) , Hansraj College (Delhi). You can explore these colleges on our website to check if they offer Masters of Finance & Control (M.F.C.) or not.

What is the duration of the course Masters of Finance & Control (M.F.C.) ?

Masters of Finance & Control (M.F.C.) is a 2 year course.
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MFC Colleges by College Type