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Master of Financial Management (MFM): Course Details, Admission, Fees, Eligibility, Syllabus, Jobs & Salary

Updated By Rahul Raj on 21 Oct, 2021
Average Duration
2 years
Average Fee
5 K-2.12 L INR annual
Study Mode

About Master of Financial Management (MFM)

Masters of Financial Management is a career-oriented program and is designed in such a manner that it provides students with the modern as well as historical knowledge of financial and accounting management. It also helps students with no specialised knowledge and skill of financial management to develop a deep understanding of accounting and finance.

It is a two-year program and is best suited for candidates who have always been interested in finance, risk management, project planning and control, economic analysis, marketing analysis, audit, corporate planning etc. Along with the interest in the above subjects, candidates must have good analytical skills and latest knowledge of computer applications.

MFA Course Highlights

Course Name

Master of Financial Management

Short Name


Course Level


Course Type

Degree Programme




Financial Management

Course Duration

2 Years


Not Mandatory

Course Mode


Minimum Qualification Required



No prescribed age limit

Selection Process

Direct Admission/ Through Entrance Exam

Course Fee

INR 5,000 to INR 2.12 lakh per annum

Relevant Field 

Banking, Research Companies, Financial Companies, etc. 

Job Types

Insurance Manager, Credit & Cash Manager, Chief Financial Officer, Finance Controller, Consultant, Treasurer, Risk Manager, Finance Officer, etc

Average Salary


Master of Financial Management (MFM) Eligibility Criteria

To get admission in MFA course, one must meet the following eligibility criteria. 

  • Minimum Qualification Required: Bachelor’s degree 
  • Minimum Marks Required: 50% for the general category and 45% for the reserved category.
  • Subjects Requirement: Candidates from commerce or finance background are preferred
  • Work Experience: Many universities require candidates to hold at least two years of work experience in Finance field. 

MFM Admission Process

  • Admission to the MFM programme in India can vary depending upon an institute's discretion.
  • Many college admit candidates strictly on merit basis.
  • Some college conducts their own entrance exams for admissions. 
  • In any case, students' performance in the qualifying examination is taken into account at the time of final selection.  

Master of Financial Management (MFM) Syllabus

Year I

Advanced Corporate Accounting

Indian Financial System

Banking & Insurance Management

Applied Financial Economics

Advanced Management for Accounting

Corporate & Securities Law

Management of Financial Services

Research Methods & Data Analysis

Business Information System

Year II

Project Appraisal & Financing

Treasury Management

Debt Markets & Mutual Funds

Security Analysis & Portfolio Management

Debt Markets & Mutual Funds

Direct Taxes

Management of Public Finance

Global Business Finance

Corporate Governance & Business Ethics

Master of Financial Management (MFM) Career Options and Job Prospects

Master of Financial Management course trains candidates to excel in a business career in any part of the world. MFM programme assures that candidates have the advanced skill set required for financial management, making them job-ready both for the private and public sector.

With sufficient knowledge and professional experience, candidates can also become financial experts. Financial experts during their job make financial plans for individuals and plan the acquisition of other companies. Listed below are some popular job roles and employment areas for MFM postgraduates.

Employment Areas
  • Education and Research Institutes
  • Government Agencies
  • Firms
  • Financial Institutions
Job Profiles
  • Credit & Cash Manager
  • Financial Expert
  • Risk Manager
  • Finance Officer
  • Insurance Manager
  • Finance Controller
  • Consultant 
  • Chief Financial Officer
  • Treasurer

Salary After MFM

Depending upon the job profile and work experience, MFM candidates can earn the following packages. 

Job ProfilesSalary
CFO (Chief Financial Officer)INR 7.8 LPA - INR 80 LPA
Insurance ManagerINR 4.4 LPA - INR 11.9 LPA
Finance OfficerINR 1.6 LPA - INR 7 LPA
Finance ExpertINR 2.2 LPA - INR 5 LPA

FAQs about Master of Financial Management

Name some of the popular jobs available for MFM graduates?

Some of the popular job profiles available for MFM graduates are Finance Officer, Finance Controller, Chief Financial Officer, Risk Manager, Consultant, Treasurer, etc

What is the average salaty of an MFM graduate?

Initially, the average salary of an MGM graduate ranged between Rs 4.5 LPA to Rs 5 LPA. But with 3 to 5 years of experience, a graduate can earn in between Rs 10 LPA.

Is there any age limit for Masters of Financial Management course?

There is no specific age limit to pursue Masters of Financial Management course. However, you can cross-check with the college of your choice.

How can I fill up the application form for the Masters of Financial Management course?

In most colleges, the application forms can be filled in online mode which is available on the official website or you can download the same fill it in online mode if the college accepts offline application.

Is there any entrance for Masters of Financial Management Admission?

In most of the colleges, Masters of Financial Management admission is done on the basis of merit. However, some institute conduct their own entrance exam for admissions.

What is the average fee for a Masters of Financial Management course?

The average fee for Masters of Financial Management ranges between Rs 30,000/- to Rs 2,12,000/- per year.

What is the minimum pass percentage required for admission to Masters in Financial Management??

The minimum percentage required for Masters of Financial Management is 50%.

What is the eligibility criteria to pursue MFM course?

In order to pursue a Masters of Financial Management Course, candidates need to secure a Bachelor Degree

What is the duration of the Masters of Financial Management (MFM) course?

The duration of the Masters of Financial Management course is of 2 years.

I want admission in Master of Financial Management. Do I have to clear any exams for that ?

Delhi University Science , Delhi University Arts are some of the exams that you can appear for to get admission in Master of Financial Management courses.

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Master of Financial Management?

Questions Related to MFM Course

Which college offer Master in finance and accounting ( MFA) with a fee structure less than 1 lakh in bangalore, with Bangalore university syllabus.

-AnonymousUpdated on August 05, 2020 05:07 PM
  • 1 Answer
Diksha Nautiyal, Student / Alumni

Dear student, 

We have curated a list of top MFA colleges in Bangalore that you can explore one by one. …


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