Master of Finance and Control is a 2 years graduate degree program, the minimum eligibility is Bachelor degree from a recognized college or its equivalent exam. Admissions are done in Master of Finance and Control [MFC] is based on candidate’s performance in a relevant entrance exam and resulting round of counselling.
Master of Finance and Control is postgraduate financial services management program. The program basically covers the study in accounting and finance and a super-specialisation in the last semester to outfit candidates with skills and abilities in decision-making, financial planning and control while acclimating them with the regulatory and financial environment.
Some of the top colleges and institutes which provide admission to [MFC] are as follows:
The average tuition fee charged for the course in India ranges between INR 5,000 to 2 lacs, for a span of 2 years.
Master of Finance and Control course provides the candidates with analytical and conceptual abilities of financial decision making. The program adjusts the different parts of Finance, because of which this course has an edge over the contemporary programs in the field of management.
The Master Degree in Finance and Control serves as a reason for job opportunities in various diverse sectors for example equity research, investment banking, wealth management, real estate and commodity markets, core banking and insurance, corporate finance, business and financial counselling, international finance and merchant banking. The program furnishes candidates with the essential skills, knowledge and aptitudes in financial planning, decision-making and control. Candidates may also have opportunities in non-profit organizations for example charity organization also required finance managers.
Such postgraduates are hired in capacities such as Accountant, Budget Analyst, Corporate Analyst, Equity Research Analyst, Financial Analyst, Investments Analyst, Marketing Manager, Investment Banker, Business Analyst, Market Analyst, Operations Manager, Personal Finance, Consultant, Revenue Agent, Risk Analyst, Money Manager, Securities Analyst, Tax Advisor etc. A fresh candidate for this course can expect an average salary of INR 2 to 10 Lakhs INR per annum.
Given below are some of the main highlights of the course.
|Course Level||Post Graduate|
|Duration of the Course||2 years|
|Examination Type||Semester and Annual|
|Admission Process||Entrance exam and Merit Based|
|Average Course Fee||INR 5000 to 5 lacs|
|Average Starting Salary||INR 2 to 10 Lacs|
|Top Recruiting Companies||Accenture, Toyota, Infosys, Adobe, HCL, IBM, E-bay, Flipkart, Amazon, Snapdeal, Alibaba, Google, Just Dial, Ernst & Young, Genpact, ICICI, HDFC, HSBC etc.|
|Top Job Areas||Corporate Financing, Business and, Financial Consulting Firms, Corporate Treasuries, Banking and Financial Institutions, Import/Export Companies, Core Banking and Insurance Companies, Economic Consulting Jobs, Insurance Industry, Credit Rating Agencies, Equity Research Centres, s etc.|
|Top Job Positions||Accountant, Budget Analyst, Corporate Analyst, Equity Research Analyst, Financial Analyst, Investments Analyst, Marketing Manager, Investment Banker, Business Analyst, Market Analyst, Operations Manager, Personal Finance, Consultant, Revenue Agent, Risk Analyst, Money Manager, Securities Analyst, Tax Advisor etc.|
Master of Finance & Control degree program contains lessons in the fundamental areas of administrative and managerial decision-making for example Managerial Economics, Organizational Behaviour, Quantitative Techniques, Corporate Laws, Financial Accounting etc., and also in various areas of finance for example Financial Services, Financial Management, International Finance, Investment Management, International Accounting, Project Appraisal, etc. The duration of the program is two years and divided into four semesters.
The two-year master degree course will furnish the candidates with analytical and conceptual skills for financial decision making. The program is loaded with wide range of career opportunities, both at the academic and corporate level. The first year of the program is intended to be a general management program with candidates being trained on the premise of different subject and financial management as well as picking up profundity comprehension of finance and control. The second year comprises of advanced programs with final topics and project significant to the subject and presented to specific topics in the different area of financial management.
The Course is suitable for those candidates who have a good interest in commerce, finance and different Mathematical activities and need to become lecturer or professor. Candidates should be up to date with the study and knowledge of the subject as well as the current global - national financial scenario. Candidates must have decent analytical and mathematical skills, knowledge of modern computer technology, problem-solving, decision-making, integrity and organization skills. Candidate should have the idea regarding the corporate system and should know about all the taxes and various financial laws with respect to their industry.
Given below are some of the top institutes in India that offer the course
|NAME OF INSTITUTE||CITY||AVERAGE ANNUAL FEES|
|Regional College of Management||Bhubaneswar||INR 100,000|
|Sai Institute of Paramedical & Allied Science||Dehradun||INR 77,100|
|Udayanath College of Science and Technology||Cuttack||INR 29,000|
|Institute of Media Studies||Bhubaneswar||INR 80,000|
|Institute of Professional Studies and Research||Cuttack||INR 1,90,000|
|Bundelkhand University||Jhansi||INR 42,000|
|Sambalpur University, Institute of Information Technology||Orissa||INR 60,000|
|Vellalar College for Women||Erode||INR 5,042|
|Thiagarajar College||Madurai||INR 27,890|
|University of Kashmir||Srinagar||INR 17,000|
|Gulbarga University||Gulbarga||INR 15,575|
|University of Delhi||Delhi||INR 20,000|
The applicants who are interested in pursuing this program should have completed the Bachelor’s degree. The minimum eligible marks are 50% in Bachelor’s Degree. The applicants who are applying for the program must study the education pattern of 10+2+3. Candidate must have studied Mathematics in 10+2.
The applicants who are hoping to join the (MFC) program must have to first apply for the program after their graduation. Possibly they will fill the application form for entrance test or for the admission on the merit basis. Various colleges and universities also offering admission based upon the CAT score. For instance, the University of Delhi offers admission based on the CAT Percentile. In this way, the interested applicants will fill the application form and will fill each and every detail of CAT examination. A Group Discussion and Personal Interview also will be available for the candidate. If the applicants traverse all these procedures then they will be offered a seat for the Master of Finance and Control (MFC) course. Following are some entrance exam that is conducted by some of the Bachelor of Arts colleges in India:
A semester- wise breakup of the course’s syllabus is tabulated below.
|Semester I||Semester II|
|General Management||Services Marketing|
|Managerial Economics||Macro-Economic Theory & Policy|
|Business and Corporate Law||Indian Financial System|
|Financial Accounting and Reporting||Financial Analysis|
|Statistical Analysis for Managers||Quantitative Techniques|
|Information Technology for Managers||Management Information Systems|
|Financial Managements||Investment Analysis|
|Management Accounting||International Accounting|
|Semester III||Semester IV|
|Strategic Management||Project Planning, Appraisal and Control Management|
|International Finance||Multinational Financial Management|
|Tax Planning & Management||Equity Research|
|Financial Services||Project Study|
|Portfolio Management||Optional Subjects (any Two)|
|Strategic Financial Management||Insurance Management|
|Derivates & Risk Management||Mutual Fund Management|
|Management of Bank Funds||Real Estate Investment Management|
|-||Entrepreneurship & Small Business Financial Management|
Master of Finance & Control degree encourages great career opportunities in various sectors for example international finance, corporate finance, financial commercial banking, consulting, Treasury management, investment banking, insurance, capital markets, Risk management, equity & bond research, Mutual fund management, risk management, Real estate management, mergers and acquisitions, Venture capital, valuation & manufacturing sector.
Candidates can also find jobs in government and private organizations. One can also start their own consulting firm. There is also an option for abroad candidates can opt for MNCs and jobs in abroad.
|JOB POSITION||JOB DESCRIPTION||AVERAGE ANNUAL SALARY|
|Accountant||Accountant is responsible to prepare capital account entries, asset and liabilities, analyzing and compiling account information and examine financial records. They ensure that records are accurate and that taxes are paid on time.||INR 2 to 3 Lacs|
|Budget Manager||Budget Manager is responsible to develop the company’s budget and oversee organizational spending to make sure that is inside the budget.||INR 3 to 4 Lacs|
|Business Analyst||Business Analyst is in charge of designing and modification of the business system. They are in interaction and communication with the stakeholders of the business venture and subject matter experts to understand their issues, problems and requirements.||INR 8 to 9 Lacs|
|Financial Analyst||Financial Analyst is responsible to analyze and examine financial information through creating, collecting and monitoring financial models for decision support, They also enhance financial status through analyzing the results, identifying trends monitoring variances, and recommending actions to management.||INR 3 to 4 Lacs|
|Investment Analyst||Investment Analyst is responsible to provide stockbrokers, stock market traders and fund managers with financial information, recommendations and advice derived from investment data of entire the world.||INR 9 to 10 Lacs|