Master of Finance and Control or MFC is a two-year postgraduate degree course that deals with the main areas related to investments, commerce, stocks, and finances of people. The job opportunities for the Master of Finance and Control course are also wide in numbers in both the private and public sectors of various reputed organizations in India and abroad.

MFC Course Details

Degree Masters
Full Form Master of Finance and Control
Duration Course Duration of Master of Finance and Control [MFC] is 2 Years.
Age No age limit
Minimum Percentage 50%
Subjects Required Subjects corresponding to post-graduate.
Average Fees Incurred INR 1 LPA
Similar Options of Study M.Com (Finance), MBA (Financial Management), MBA (Finance), B.Com (Accounting & Finance) etc.
Average Salary Offered INR 7.94 LPA
Employment Roles Financial Analyst, Finance Manager, Operations Manager, Financial Controller, Investment Banking Associate, Senior Finance Manager, Accountant, Senior Financial Analyst, Senior Business Analyst etc
Placement Opportunities Genpact, HDFC Bank Pvt Ltd, Ernst & Young, The Northern Trust Company, HCL Technologies Ltd, The Goldman Sachs Group Inc, Mahindra & Mahindra Ltd, Equitas Micro Finance, Nomura etc

About Master of Finance and Control

The definition is given by the Corporate Finance Institute, " Financial controls are the procedures, policies, and means by which an organization. monitors and controls the direction, allocation, and usage of its financial resources."

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Eligibility Criteria for Master of Finance and Control

Admission for the Master of Finance and Control course in India requires the aspirants to complete their bachelor’s from any commerce-related field. The selection is based on one's performance in the Entrance Test, Group Discussion, and interviews conducted by universities. There is no specific age limit or criteria for getting MFC admission as aspirants within any age group can apply and join the course.

Admission Process for Master of Finance and Control

The admission process for the Master of Finance and Control course in India is carried out either from the college premises directly or can be done online. The aspirant has to qualify for the entrance exams conducted by the individual University/College under the admission procedure.  The students will be called based on the cut-off list and will be offered admission. Listed below are the various procedures to get admission for the Master of Finance and Control course:

How to Apply?

The aspirants eager to study Master of Finance and Control can either apply online or offline for the course. The Master of Finance and Control applicants are shortlisted based on the marks scored in the bachelor’s degree with commerce as the core element and entrance exam. The aspirants can apply for the Master of Finance and Control course details by downloading an admission form available online at the university or on the college website.

Selection Process

The Master of Finance and Control selection process for the course is carried out based on the entrance exam scores and performance in the graduate degree of commerce background. The aspirants are allocated seats based on the various Master of Finance and Control criteria fulfilled by the aspirants proposed by the college/university officials.

There are few entrance exams for the Master of Finance and Control course for which the students can attend and have a clear idea of the course. Appearing for entrance exams is an essential criterion but a good merit score from a required bachelor's degree in commerce specialization is also important. Some of the entrance exams are

  • CAT
  • CET

Quick Glance At the Master of Finance and Control Entrance Exams

The eligibility criteria for the Master of Finance and Control degree course depends entirely on the conducting body that conducts the admission entrance exam. Some topics are covered from bachelor’s degree in commerce specialization to analyze the aspirants' knowledge abilities regarding the course as a whole. The entrance test includes:

  • Multiple choice objective type questions with negative marking.
  • 100 questions are asked with a 2-hour duration.
  • The entrance exam is conducted in the English language.
  • Most of the questions in the entrance exams are merely related to General Knowledge, Reasoning, Physics, Chemistry, English, Numerical Aptitude, Analytical Skills, and Data Interpretation.

Top 10 Master of Finance and Control Colleges in India

Top Master of Finance and Control colleges in India and abroad offer Master of Finance and Control graduate degree courses to students interested in banking, finance, research techniques, foreign trade, policymaking methods, quantitative analysis, and more. Some of the very best colleges for Master of Finance and Control colleges in India are as follows:

Master of Finance and Control Colleges

SI.No.

Name of the College

1

 St Josephs Degree & PG College

2

Aligarh Muslim University

3

Institute of Media Studies

4

 Osmania University

5

 Institute of Professional Studies and Research

6

 University of Delhi

7

 Regional College of Management, Bhubaneswar 

8

 Thiagarajar College

9

 Bundelkhand University

10

 Gangadhar Meher University

Fee Structure for Master of Finance and Control

Master of Finance and Control fees structure ranges from INR 10K -2 LPA. The fee for a Master of Finance and Control course may vary depending upon the facilities and amenities provided at the college/university and the level of education provided.

Master of Finance and Control Course Fees

College Name

Fees Per Annum

 Sai Institute of Paramedical & Allied Science, Dehradun

INR 78K

 Regional College of Management, Bhubaneswar Orissa

INR 1 L

 Udayanath College of Science and Technology, Cuttack

INR 30K

 University of Sambalpur, Sambalpur

INR 60K

 Institute of Professional Studies and Research, Cuttack

INR 2 L

Syllabus and Subjects for Master of Finance and Control

The syllabus and subjects for the Master of Finance and Control course are structured in such a way so that the students get a better understanding which is important for them to generate their knowledge in various courses ahead. Master of Finance and Control syllabus and subjects deal with a wide variety of topics dealing with economics, banking, finance, accounting, statistics, and research. Some of the important subjects of the Master of Finance and Control course is:

  • Management Concepts and Organizational Behavior
  • Financial Accounting
  • Quantitative Techniques
  • Managerial Economics.
  • Marketing Management
  • Financial System in India

Read More About MFC Syllabus and Subjects

Why Choose Master of Finance and Control? 

The Master of Finance and Control course is for those students who are interested in banking, finance, accounts and which are excellent options open to those who want to join business and government services after it. This degree course enables the students to go into various commerce and banking-related jobs.

What are Master of Finance and Control All About?

Master of Finance and Control or MFC course is a postgraduate program. The MFC course duration is 2 years.  The Master of Finance and Control subjects in this course deal with various focal points of economic and business developments and problems along with techniques to effectively tackle them. The following are some of the subjects which are included in the Master of Finance and Control syllabus: Financial Accounting, Quantitative Techniques, Managerial Economics, Marketing Management, and many more.

What Does a Master of Finance and Control Graduate Do?

A Master of Finance and Control graduate holds a degree in the finance field, a good career option in India and abroad. The Master of Finance and Control program provides students with a wide basis for economist work and practice.  The Master of Finance and Control degree can open the door to many new and exciting jobs.  Here are some qualities which a Master of Finance and Control graduate inherits.

Critical and Logical Thinking: The most significant skill is to develop a way of thinking that needs critical insight and rigorous logical reasoning.

Analytical skills & development: A Master of Finance and Control degree teaches aspirants how to develop their personality with numerical and technical skills. Analytical abilities Master of Finance and Control must be able to analyze data, spot trends, and come to rational conclusions.

Reasons Why Master of Finance and Control Can Fetch You a Rewarding Career

A degree in Master of Finance and Control is recognized worldwide.  The Master of Finance and Control Course is for students who reveal insights into the interactions between cultures, individuals, and societies from both a domestic and international perspective.

Career Growth: The Master of Finance and Control Course is for students who are interested in the business and industrial development of the global sector. 

Read More MFC Jobs

Preparation Tips For Master of Finance and Control

Master of Finance and Control students can prepare themselves by learning the basics of economics, finance, and business. Master of Finance and Control students can refer to many books on the economy, business, finance to review and practice technical skills-based questions. Some of the tips mentioned below can be followed for Master of Finance and Control Course preparation:

Read And Practice: Reading the subjects and practising them regularly is very important. The MFC course has basic mathematics and practicing regularly is very important.

Revise Methodically: Revising regularly is the key to scoring good marks. Revising regularly will help the student to understand the subjects easily and score good marks.

Prepare A Timetable: Preparing the timetable is very much necessary as the timetable will help the students to schedule things accordingly and dedicate time for every subject.

Scope For Higher Education

The scope for higher education for Master of Finance and Control with best salaries offered in India and abroad with almost all private and public sectors of various organizations. After completing their degree, students can always seek higher education, which will improve their long-term professional chances

Salary Of a Master of Finance and Control Graduate

Master of Finance and Control Course salary varies with different job profiles. With some experience in the field, MFC postgraduates can earn a very good salary. Fresher aspirants may start with an average MFC salary package, but once they gain experience, it increases up to a certain amount. The Master of Finance and Control Courses average salary, which is offered, ranges from INR 3 - 10 LPA [Source: Glassdoor].

Read More About MFC Salary

Career Options After Master of Finance and Control Education

After completing a Master of Finance and Control, you are eligible for junior-level posts in private and government jobs in India and abroad. Master of Finance and Control aspirants have an excellent job scope in the future and vast job opportunities. Master of Finance and Control is a continuous up-gradation of so many various fields of finance and economics. Some of the very best Master of Finance and Control careers in the areas mentioned are:

  • Budget Analyst
  • Financial Consultant
  • Finance Manager
  • Bank Manager
  • Statistical Investigator
  • Researcher

Skills That Make You The Best Master of Finance and Control Postgraduates

Master of Finance and Control aspirants should possess critical, and analytical skills, numerical skills, problem-solving, adaptation skills, effective communication, policy management, and decision-making skills.  Finally, a Master of Finance and Control necessitates applied analyzing and adaptability, —a hands-on understanding of the work and strong interpersonal skills such as networking, leadership, and conflict resolution. Skills that make you suitable for a Master of Finance and Control graduate:

  • Problem Solving Skills
  • Analytical Skills
  • Management Skills
  • Goal-Oriented
  • Technical Skills
  • Communication

See Various Master of Finance and Control [MFC] Colleges in India

Fee Structure of Master of Finance and Control [MFC] in India

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